Telcos face $1bn fraud threat amid mobile money boom – GSMA

Punchng | 08-10-2024 01:37pm |

As telecom operators in Africa increasingly invest in the mobile money sector, they confront a major fraud crisis, prompting calls for improved security measures. According to the Global System for Mobile Communications Association’s “State of the Industry Report on Mobile Money 2023”, mobile money fraud in Africa exceeded $1bn, raising concerns that security issues could Read More

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