Given the increased mobile money usage in Uganda, fraudsters have also upgraded with the increased innovations and new ways to perform mobile money transactions. Mobile money apps now offer users the convenience of transacting without typing those creepy USSD codes on your smartphone. Fraudsters are also relying on these new technologies as well.
Mobile money fraud is on the rise in Uganda and the new targets are now legislators who have fallen victim of the scam. Recently, the Western Youth MP Mwine Mpaka was conned over UGX 140 million in just a blink of an eye. While her number was switched off, the crooks diverted it to a new serial number that they owned that way they are able to fleece the MP.
The new mobile money tricks
Many users confess their fate when fraudsters victimize them with new tricks. Cutting through the analog to digital revolution many subscribers are tricked with the smartphone revolution as these con men pretend to have the technical know how. Nevertheless, Ugandan MPs are now tasting the juiced up tricks since SIM registration didn’t erase any fraud tracks.
Have you met the popular Kampala SIM registrars around crowdy places? Urging and tricking users into purchasing new unregistered SIM cards. Well, fraudsters tend to perform transactions on the user’s behalf without his/her consent.
Many fraudsters may be using this security back doors to defraud users which could actually account for the blooming number of Victims being Airtel subscribers.
How Telecom staff are linked to the mobile money fraud
According to the telecoms regulator UCC, various measures have been acquired to power up the cybersecurity mechanisms that track down all forms of fraud. While many subscribers have been victimized by the fresh new tricks that feature SIM swapping as the dynamic performance method. UCC claims all city con men have a connection to specific telecom staff.
Mobile money scams are the new catchy income sources for the Kampala based fraudsters. For instance, taking a walk around the Mutaasa Kafeero Plaza in the city exposes you to the trendy youth ready to assist with tips required for your Smartphone’s basic operations or even Mobile money assistance. While UCC in conjunction with the police are reportedly tracing down all victims to find new ways in which fraudsters trick them into losing their Money. Fraudsters are instead developing new tricks every now and then.
As of now, processing mobile money transactions from secure authorized centers and service centers can help reduce the booming rate of mobile money scams. Nevertheless, don’t hesitate to double check your device if it’s not tapped in any way.
