Evina Research
Top 3 African Countries Hit by Mobile Fraud
Kenya, South Africa and Cameroon are said to be the top three hot spots for mobile fraudsters – according to cybersecurity company, Evina. These African countries face suspicious mobile-based billing transactions of 51%, 30% and 10%, respectively. “Africa’s youthful population that is mostly unbanked and using some 900 million mobile money accounts is particularly hard-hit by professional cybercriminals from around the world, who together cost Africa some $4 billion every year,” says David Lotfi, CEO of Evina. Fraudsters are impacting the long-term sustainability of the digital advertising and mobile payments industries, in particular, by perpetrating thousands of mobile-based fraud attempts daily. Direct Carrier Billing (DCB) where users are billed for purchases directly on their ph...
South Africa is Facing a “Massive” Mobile Fraud Problem, says Expert
Anti-fraud firm, Evina has determined that one out of every three mobile subscription attempts in South Africa is fraudulent. The company believes that South African cellular users are very often subscribed to mobile services without their consent. After Kenya, South Africa is the African country most affected by fraud that daily fleeces millions from the mobile accounts of cellular users around the globe. “As Africa’s most advanced economy, it is particularly tragic that South African mobile users are falling victim to subscription frauds that are well managed in many other countries,” says David Lotfi, CEO of Evina. This at a time when locals are under significant financial pressure following the worst of the COVID-19 pandemic. Fraud is not treated seriously enough by the various mobile ...
