Malawi loses K180 million to mobile money fraud

By Chisomo Phiri

Malawi Communications Regulatory Authority (MACRA) says about K180 million has been stolen from people through mobile money fraud in the last ten months.

MACRA Board Member, Malah Kawale, disclosed this in Lilongwe on Wednesday during the launch of the Cyber Security Awareness Month.

According to Kawale, there have been 27,000 attempted mobile money fraud cases since January this year.



She explained that people need to be aware of the present threats and know how to protect themselves from cyber threats.

On his part, Human rights organisation, Article 3 Group Director Bonface Mandere said cyberbullying, tracking, and exploitation cases are increasing.

Mobile money fraud is simply defined as fraud that takes place on assets owned or held by a mobile money service to the detriment of a mobile money service provider, its customers, agents or third parties.