Tag: mobile money
Mobile Money: So Much Growth, So Many Questions
Collaboration in fraud prevention has not kept pace with the rate at which users adopt mobile money services.
Mobile Money Providers Have Low Opinion of Effectiveness of Law Enforcement
The GSMA's annual report on the state of mobile money suffers from a blind spot when identifying who needs to do more to reduce fraud.
Does Anyone Care about Mobile Money Fraud?
Mobile money fraud persists despite warnings. Telcos prioritize profits over prevention, leaving vulnerable users unprotected. Stricter regulations and accountability are overdue.
Where Is the Mobile Money? Big Holes in Accounts of Kenyan Inclusion Fund
Kenya's mobile operators share some responsibility for tracking disbursements of public money to small businesses.
Teenage SIM Swappers to Be Retrained as IT Pros; Kenya’s Bold New Anti-Fraud Plan
The Chief ICT Officer of Bomet County has 52 acres for new facilities where school drop-outs will learn about IT and e-commerce instead of being recruited to cybercrime.
Clear and Present Danger of Mobile Money Fueling Terrorism
The Reserve Bank of Mozambique is imposing limits on transactions and balances for mobile money accounts.
Nigeria Fights Corruption by Banning Mobile Money Transactions within Police Stations
The use of the equipment had already been prohibited but the Nigeria Police Force admitted its rules had been widely flouted.
10 Arrested In Kenya’s Capital of Mobile Money SIM Swap Crime
Police found exercise books full of phone numbers and limits for taking out mobile money loans in the names of victims.
Rethinking Digital Financial Services
An interview with Kevin Mutiso, Chairman of the Digital Financial Services Association of Kenya.
Digital Lenders Using Mobile Apps to Invade Privacy and Humiliate Customers
Money lenders extract data about each customer's contacts, then spam the contacts if debts are not repaid on time.
Kenyans Borrow $5bn a Year via Mobile Money Overdrafts
The financial accounts of Safaricom state that lending through their Fuliza microlending service rose 40 percent year-on-year.
Politician Says Safaricom Insider to Blame for SIM Swap Mobile Money Fraud
Somebody sent SMS and Whatsapp messages from the account of former Kenyan Deputy President candidate Justina Wamae.
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The Commsrisk Global Fraud Dashboard
Our Global Fraud Dashboard uses AI-powered search to collate, update and visualize data about scams and other network abuses from around the world. New charts are added each month. See it here.
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