Telecommunication companies have begun undertaking major modifications to their security systems, especially on mobile money apps after a Bank of Ghana (BoG) fraud report on banks.
Specialised deposit-taking institutions and payment service providers revealed that mobile money scammers made away with customers' money totaling GH₵26 million from 12,166 cases in 2022.
Apart from the fraud on the mobile money platforms, it also revealed that banks recorded 2,998 fraud cases with 188 bank staff involved.
Forgery and manipulation of documents were prominent with a total of GH₵3 million stolen.
On the back of this, JoyNews' The Probe discussed the emerging trends in the canker and explore ways to ensure that no one falls victim to such scams.
Watch live stream below:
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