Tag: Mobilemoneyfraud

Tame fraud executed through mobile money channels

Tame fraud executed through mobile money channels

Cyber Security, Mobile
Fraud has in the recent past incrementally found its way to the path of least resistance transaction channels such as mobile money leading to hefty losses of revenue, survey findings by Myriad Connect shared during the Fintech Summit 2018 shows. The study established that fraud in Kenya continues to be a major key performance indicator (KPI) for Financial Services. The findings reveal that 90 percent of CIOs strongly agree that fraud is a key challenge facing the industry. In a report, Myriad Connect noted that 82 percent of CIOs stated that addressing fraud is a business-critical priority while 95 percent of CIOs in Kenya confirmed that they are targeted to reduce fraud in their organizations. As financial service authentication specialist, Myriad Connect commissioned the res...