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Watch out for mobile money fraudsters in festive season
The 2022 Sasra report revealed that the Sacco Societies Fraud Investigations Unit, which investigates fraud in the sacco sector, handled cases involving Sh232.5 million in the past two years.
As Kenyans settle in for the festive season cheer, fraudsters are sharpening their tools as they target distracted bank and sacco customers using mobile banking, online payments and other digital platforms to send money, shop and travel during the holidays.
The period between Christmas and the New Year has become a prime hunting ground for scammers and the rising use of digital platforms for transactions has served to heighten customers’ vulnerabilities.
