Interpol says mobile money fraud has become one of Africa’s most prominent cyber-enabled crimes, with 97 percent of countries surveyed by the global police identifying it as their most common scam.
By
Edna Mwenda
Business Reporter
Nation Media Group
Kenyans lost Sh491.6 million ($3.8 million) and cryptocurrency after cyber-criminals hijacked victims’ mobile phone numbers in SIM-swap fraud.
Report says the region’s fast adoption of mobile money has made it a prime target for fraudsters, while AI is enabling criminals…
Mercy Wairimu Kariuki woke up on the morning of February 8, 2022, to a stream of alerts showing that KES 4.4 million ($34,000)…
In Kenya, cash transactions of $15,000 (Sh1.9 million) or more must be reported to the Financial Reporting Centre (FRC).…
The same telecom networks that power mobile banking have become a critical vulnerability point exploited through SIM swap and…
The gang has been obtaining phone numbers of top politicians and State bureaucrats.
Some dishonest mobile phone SIM registration agents are facilitating phone fraud by secretly registering SIM cards and selling…
