He said the telecommunication giant is collaborating with the National Communications Authority to permanently block phones used in the illegal activity.
ADVERTISEMENT
Phones used in MoMo fraud to be blocked permanently – MTN Ghana boss
The Chief Executive Officer of the MTN Ghana, Selorm Adadevoh has disclosed the latest intervention to fight mobile money fraud in the country.
Mr Selorm Adadevoh, MTN Ghana CEO
Recommended articles
Speaking to the press during MTN’s annual ‘Editor’s Forum’, he said this new intervention will make it expensive for the fraudsters.
He said a cross-mobile Network Operator blocking a fraudster’s International Mobile Equipment Identity (IMEI ) system means a blocked or blacklisted phone will not operate on any cellular network in the country.
He emphasized that the vulnerability risk of cyber financial fraud is ubiquitous across all cyber platforms in the country including banks and e-commerce, therefore, should be seen as a national security threat for a holistic solution.
ADVERTISEMENT
Mr. Adadevoh also disclosed that MTN has instituted denial of PIN reset for 48 hours after SIM swap. He is firmly believing that these radical and aggressive sanction regimes will make it expensive and disincentive for culprits.
Chief Executive Officer of telecom giant, MTN Ghana
ece-auto-gen
He stressed that as part of firewall measures for the MTN’s cyber ecosystem, it is also deploying Artificial Intelligence (AI) and Machine Learning (ML) technology for predictive fraud analysis and prevention to boost the existing security measures.
MTN is currently celebrating 25 years of operation in Ghana and it is the leading operator of mobile money in the country.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
SML counters KPMG: Denies GH¢1bn payment claim, citing inaccuracy
SML's commitment to transparency shines through amidst audit
Fuel prices expected to stay below GH¢18 - CBOD assures consumers
Rebecca Osam weighs in: Idea vs. Capital - Which holds the key to business success?
10 African countries with the lowest inflation rates in 2024
Towering Heat: Exploring the efficiency of vertical radiators in heating large rooms
Anansi Green Energy to deliver green electricity to Ghanaians through a new renewable energy platform
Ghana will record single-digit inflation rate of 8% in 2025 — IMF predicts
