Notorious Mobile Money SIM Swap Fraudster Arrested in the Act
Emmanuel Kiprono and his gang target Kenyans with large M-PESA balances.
View ArticleDigital 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.
View ArticleRethinking Digital Financial Services
An interview with Kevin Mutiso, Chairman of the Digital Financial Services Association of Kenya.
View ArticleBig Bitcoin Spike after Phone Hackers Hijack SEC Social Media Account
The US Securities and Exchange Commission did not implement two-factor authentication for their official X account.
View Article10 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.
View ArticleIndian Central Bank Looks at Alternatives to SMS OTPs for Authenticating...
Governor Shaktikanta Das of the Reserve Bank of India also wants digital currency to work offline, but his plan means issuers could place programmable limits on what money can buy.
View ArticleTrial Date Set for 19-Year Old Accused of Using SIM Swaps to Steal $800,000...
Noah Urban of Florida, USA, must remain in jail pending his trial.
View ArticleNigeria Fights Corruption by Banning Mobile Money Transactions within Police...
The use of the equipment had already been prohibited but the Nigeria Police Force admitted its rules had been widely flouted.
View ArticleBig Fall in US Cryptocurrency Theft Lawsuits; Half are Blamed on SIM Swaps
Over 50 percent of cases filed during 2023 alleged that cryptocurrency was stolen as a result of a mobile provider executing a fraudulent SIM swap.
View ArticleClear and Present Danger of Mobile Money Fueling Terrorism
The Reserve Bank of Mozambique is imposing limits on transactions and balances for mobile money accounts.
View ArticleThai Money Mule Who Helped $5mn Con Arrested after Escaping Cambodian Scam...
The mule worked in an office building in a Cambodian border town, scanning his face to enable large transfers.
View ArticleWhere 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.
View ArticleSingapore Banks to Phase Out OTPs
The banking authorities want customers to authenticate themselves via tokens on their mobile phones.
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