Cybersecurity firm Kaspersky raises flag on SIM fraud

A man places a sim card on his phone taken on July 15 2011.PHOTO | PHOEBE OKALL

Global cybersecurity company Kaspersky Lab has issued an alert over fresh wave of attacks targeting financial and online services.

Mr Fabio Assolini, a senior security researcher at Kaspersky Lab, said African consumers were on average losing Sh302,912.50 through rising SIM swap fraud.

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