Africa's $832 billion mobile money boom is a hotbed for cybercriminals
By Staff Reporter | Published 8h ago
Recent data from the Global Systems for Mobile Communications Association (GSMA) reveals a staggering 17% year-on-year increase in live mobile money accounts in sub-Saharan Africa, reaching 763 million in 2022. Alongside this impressive expansion, however, is a less welcome statistic: a commensurate rise in fraudulent activities.