Firm launches tech to curb sim swap fraud

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Mobile money fraud in Kenya is currently on the increase as more people engage in cashless transactions. According to recent statistics, over seventy percent of Kenyans have been victims or know victims of financial fraud. Sim swap fraud has been cited as one of the most prolific forms of financial service fraud with ninety percent of Kenyan banking leaders identifying it as an issue in their organisations. These revelations were made during the launch of a sim swap detection service by Myriad Connect, a mobile technology firm.

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