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Reducing fraud risks in the mobile money sector: Fintech and cybersecurity experts offer solutions

27/10/2023
Source : ORISHAS FINANCE
Categories: Sectors

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With the aim of reducing the risk of fraud in the mobile money sector, Fintech and cybersecurity experts unveiled effective solutions for this fight at a panel. This panel was organized on Wednesday, October 25, in Abidjan Cocody by the Fintech company Wave mobile money, specialized in digital currency transactions and the payment of goods and

services.

Brice M'Bodi, Risk Director - Wave Côte d'Ivoire, one of the panelists indicated that digital consumer education is carried out in this company through sub-distributors who represent the first barrier. According to the head of the SATT section of the National Gendarmerie, Cdt Frédéric-Lionel Essey, the fight is on two levels in particular, that of prevention with the creation of a platform for exchanges and work between the gendarmerie and mobile-money operators. For the latter, operators must monitor their staff who come from Fixed-Term Contracts (CDD), since investigations have shown that several of them constitute a risk factor when they no longer work for these operators

.

Frédéric-Lionel Essey believes that most of the fraud comes from their ingenuity, which they were able to develop by working in depth on these platforms.

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