
How M-PESA has tackled fraud, security worries
One can get quick help through a message to 333 or a report to *334#
Globally, 47% have fallen victim, while another 43% escaped being scammed.
In Summary
Fraud remains a growing threat globally, with recent data showing varying experiences across countries.
In Brazil, 60% of consumers report being targeted by fraud and falling victim, the highest among the sampled countries.
Globally, 47% have fallen victim, while another 43% escaped being scammed.
In Africa, Kenya and Zambia stand out, with 71% and 70%, respectively, reporting they were targeted but avoided losing money.
Rwanda (57%), South Africa (55%), and Namibia (52%) follow closely, all higher than the global average.
Interestingly, countries like Namibia report a higher success in avoiding fraud losses.
The data reveals a need for stronger consumer awareness and robust fraud prevention systems.
As fraudsters adopt new tactics, individuals and institutions must invest in secure digital practices to safeguard personal information and financial assets.
One can get quick help through a message to 333 or a report to *334#
Physical fraud involves fraudsters registering SIM cards and collecting sensitive customer details.