- Mobile Money fraud has been on the rise in recent weeks
- The Cyber Crime Unit of the Police Service has said a number of arrested fraudsters were staff of the telco companies
The Director in charge of the Cyber Crime Unit at the Ghana Police Service, Chief Superintendent Dr. Herbert Gustav Yankson, has disclosed that the mobile money fraud that is actively gaining traction is further pushed by some staff of the various telecom companies.
According to him, some of the staff access the database of the clients of their telco companies, and obtain the registration details of these clients to gain access to their mobile money accounts.
In a report by the Finder Newspaper, these telco staff also conspire with fraudsters by changing the pin of the clients and switching the accounts with a new user, which allows the new user to withdraw money from the said client’s account.
The mobile money fraud situation has escalated in recent weeks, as fraudsters keep changing their tactics in order to deceive customers to fall into their trap.
The new approach that has been noted is that these fraudsters call some clients and indicate that they have been sent airtime accidentally from another number, hence the customer should assist them in converting the airtime back to cash and send it back to them (the fraudsters).
In other instances, the customers receive a call from someone claiming to have wrongly transferred money to their account, thus they should reverse the transaction.
According to Dr. Yankson, the mobile money interface which is supposed to be a service that will ease some stressful headaches regarding funds distribution in the country, could be a solid foundation for money laundering crimes to prevail.
He added that it is difficult to track the criminals as they use fake identities, and often dispose of the sim card they use in their activities.
Meanwhile, the Bank of Ghana has not yet made any proclamation about the rise in mobile money fraud.
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