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70% of Kenyans vulnerable to digital fraud in financial transactions say USSD Business Share Facebook Twitter LinkedIn Pinterest [ad_1] Like this: As Loading … Associated Society [ad_2] Source link Share Facebook Twitter LinkedIn Pinterest
![Kimberley MacSymon, Director of Marketing, Myriad Connect and Director of Business Development for Africa Willie Kanyeki at the launch of an out-of-band authentication and SIM card detection solution [19659002] Kimberley MacSymon, Director of Marketing, Myriad Connect and Business Development Director for Africa Willie Kanyeki at the launch of an out-of-band authentication and SIM exchange detection solution. </figcaption>
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<p> Myriad Connect has concluded recent research that has revealed that over 70% of Kenyans have been victims of fraud that has. Other figures indicate that 57% of SMS, 73% of phone calls, 17% of social media and 19% of email were the channels through which Kenyan consumers were targeted to become victims of financial transaction fraud. </p>
<blockquote>
<p> "explains Fabien Delanaud, managing director of Myriad Connect. "While financial service transaction fraud is a global problem, Kenya has been a leader in the adoption of mobile and digital payments, which unfortunately leads to an increasing risk of fraud." </p>
</blockquote>
<p> L & # 39; one of the most prolific forms of financial fraud is SIM card swap fraud, which exceeds 90%. banking leaders identify as a problem for their organizations. The Myriad Connect solution utilizes Unstructured Supplementary Service Data (USSD) data providing a fully out-of-band channel for authentication on any mobile device in real time. </p>
<p> "Myriad Connect Launches on the Kenyan Market to Counter Digital Out-of-Band Financial Transactions Fraud Authentication and SIM Swap Detection Services That Secure Digital and Mobile Transactions and Protect Consumers and Service Providers As the Kenyan market is a leader in Africa in terms of financial technologies, this market is an ideal springboard for our innovative solutions in the region, "explains Delanaud. </p>
<p> In addition, Myriad's SIM Swap detection service enables Real-time SIM card verification, while no persistent data is held by a third party, providing a more secure service than current two-factor authentication services. is also established, where the identity of the user is verified by a party outside the transaction. "In the United Kingdom, the Fraud prevention technologies have helped stop 67% of fraud attempts, and with our out-of-band authentication and SIM card swap service. , we hope to replicate this level of success in Kenya, "says Delanaud </p>
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![Kimberley MacSymon, Director of Marketing, Myriad Connect and Director of Business Development for Africa Willie Kanyeki at the launch of an out-of-band authentication and SIM card detection solution [19659002] Kimberley MacSymon, Director of Marketing, Myriad Connect and Business Development Director for Africa Willie Kanyeki at the launch of an out-of-band authentication and SIM exchange detection solution. </figcaption>
</figure>
<p> Myriad Connect has concluded recent research that has revealed that over 70% of Kenyans have been victims of fraud that has. Other figures indicate that 57% of SMS, 73% of phone calls, 17% of social media and 19% of email were the channels through which Kenyan consumers were targeted to become victims of financial transaction fraud. </p>
<blockquote>
<p> "explains Fabien Delanaud, managing director of Myriad Connect. "While financial service transaction fraud is a global problem, Kenya has been a leader in the adoption of mobile and digital payments, which unfortunately leads to an increasing risk of fraud." </p>
</blockquote>
<p> L & # 39; one of the most prolific forms of financial fraud is SIM card swap fraud, which exceeds 90%. banking leaders identify as a problem for their organizations. The Myriad Connect solution utilizes Unstructured Supplementary Service Data (USSD) data providing a fully out-of-band channel for authentication on any mobile device in real time. </p>
<p> "Myriad Connect Launches on the Kenyan Market to Counter Digital Out-of-Band Financial Transactions Fraud Authentication and SIM Swap Detection Services That Secure Digital and Mobile Transactions and Protect Consumers and Service Providers As the Kenyan market is a leader in Africa in terms of financial technologies, this market is an ideal springboard for our innovative solutions in the region, "explains Delanaud. </p>
<p> In addition, Myriad's SIM Swap detection service enables Real-time SIM card verification, while no persistent data is held by a third party, providing a more secure service than current two-factor authentication services. is also established, where the identity of the user is verified by a party outside the transaction. "In the United Kingdom, the Fraud prevention technologies have helped stop 67% of fraud attempts, and with our out-of-band authentication and SIM card swap service. , we hope to replicate this level of success in Kenya, "says Delanaud </p>
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