How do I avoid being scammed by Mobile Money Fraudsters?

Many people nowadays are being scammed by Mobile Money fraudsters out there. These guys have a series of approaches they usually use. Identifying their move is the key to preventing any form of scam.

This Mobile Money cybercriminals have gone as far as hacking the main systems managed by telecommunication companies. For example, some months back, MTN Cameroon and Uganda were involved in this sad situation. Luckily the monies of the Momo users were recovered and secured.

Approaches used by Mobile Money Hackers

1. Sending a false message stating that your mobile money account is locked
2. Sending a spammy message to hack a Mobile Money account
3. Unknown Calls alleging that your close family member requires help or is involved in an accident.
4. Trying to Withdraw from your account and then if you do have the estimated amount, they will then call you to claim they sent you money by mistake and you should refund it. This way, you see the message of withdrawal which for most new Mobile Money users might not ring a bell and when you dial your Mobile Money code to varying and enter your pin code, you confirm the transaction.

How to avoid being scammed by Mobile Money Fraudsters?

• If you have a child and are not sure where the child is, tell the person on the phone that you will call him back.
• Next, make sure you check, and you are extremely sure your child is safe.
• Install apps that can track or trace unknown incoming numbers or calls. This will fend off mobile money petty thieves, hackers, or fraudsters.
• If you are scammed or discover your MTN or Orange mobile money account has been hacked and the money has been withdrawn by unknown individuals, report the case to the nearest police station and call the Orange or MTN customer care service.