Social engineering, not hacking, driving MoMo fraud in Ghana – MobileMoney Fintech
Mobile money fraudsters in Ghana are increasingly exploiting human behaviour rather than relying on sophisticated hacking techniques to steal customers’ money, according to MobileMoney Fintech Limited’s Senior Manager for Financial Crimes, Moses Tetteh. He said fraudsters were using social engineering tactics to manipulate unsuspecting users into disclosing sensitive information, which they then…
Mobile money fraud in Ghana is primarily driven by social engineering tactics rather than hacking, according to Moses Tetteh, Senior Manager for Financial Crimes at MobileMoney Fintech Limited. Tetteh revealed that fraudsters manipulate unsuspecting users through trust, fear, or greed to obtain sensitive information, which allows them to access mobile money wallets and banking applications. He emphasized during a recent discussion that protection of access credentials is crucial in mitigating fraud cases.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
