Most you if not all have first hand experience on mobile money fraud and cyber crime which
Director of Public Prosecution Noordin Haji has called on all stakeholders in financial institutions and banking sector to work together to strengthen the fight against mobile money fraud and cybercrime.
Speaking during a forum that brought together stakeholders in banking and financial sectors, Haji noted that there was need to fortify governance and law enforcement to fight crime.
“There is need to include critical components of mobile money and fraud prevention strategy in order to collaboratively fight this crime which is evolving by the day,” said Haji.
He noted that while all measures have been put in place to prosecute criminals, there was need to train officers and share intelligence which will be necessary to curb the crimes.
Speaking at the same forum, Safaricom Chief Corporate Security Officer Nicholas Mulila said that a lot of progress has been made in reducing mobile money losses, a move which has been driven by strengthening controls around the system and collaborating with all stakeholders.
“We have made significant progress in the last one year, with mobile money losses moving from Sh90 million down to Sh20 million this year. We will continue to collaborate with investigative arms of government to ensure that we seal all loopholes that may expose our customers to criminals,” said Mulila.
This was the fourth Mobile Money Fraud forum organised by Safaricom this year with an aim of bringing together stakeholders in financial and banking sectors as well as Fintechs in an effort to discuss ways to curb mobile money fraud and cybercrime activities in the country.
will the government be able to curb cyber crime?