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A new study by telecom company Myriad Connect revealed that seven out of ten Kenyans have reported being victims – or knowing someone who has been a victim – of financial fraud.
Most of the programs used to polish Kenyans have been undertaken Identity theft is more and more widespread, with crooks illegally obtaining personal data from users and reporting to telecommunication companies seeking to replace sim cards supposedly lost or damaged.
Criminals access funds and other sensitive data through mobile banking applications and the Sim Toolkit feature.
More than 90% of lenders cite card swap fraud as one of the most prevalent security threats. ] "When a customer informs his operator that his SIM card is damaged, lost or stolen, the current SIM is disabled and a new SIM card is issued." Once activated by the fraudster, he can access bank accounts and other sensitive data authenticated via the SIM card ", indicates a statement from the company.
The Parisian firm has also announced its intention to launch an out-of-band authentication and detection service. 39, SIM exchange to combat cases of fraud in the mobile services.
They noted that the service would be deployed in financial institutions and telecommunications companies that operate mobile money services. [19659002] "While fraud on financial services transactions 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, "says Myriad Connect GM Fabien Delanaud
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