Momo Fraud: Over 400,000 Scam Messages Foiled Daily - Mobile Money Limited
Accra, Ghana - 02 May, 2025 - Mobile Money Limited is intensifying its efforts to combat fraud, blocking over 400,000 scam text messages daily to safeguard customers, according to Godwin Tamakloe, the company's Chief Risk and Compliance Officer.
The company has implemented advanced security filters to detect and intercept suspicious SMS messages before they reach users.
Tamakloe revealed that the system uses specific rules to identify and block malicious messages containing certain words or links. This measure aims to prevent customers from falling victim to phishing scams and financial fraud.
The company's efforts come amid growing concerns about mobile money fraud, with many victims sharing their experiences on social media. Tamakloe urged those affected to provide detailed and accurate accounts of how they were scammed, enabling the company to trace and prevent future incidents.
He also addressed concerns about potential insider involvement in fraud, assuring customers that service personnel do not have access to sensitive information such as PINs.
“…With the text message, it is because we have a system that we have set some rules on that block that SMS that goes to the customers,” he explained, adding, “The attack channels are an SMS, a link, or a call.
“So the system blocks the SMS because of certain words in the SMS. We can block over 400,000 SMS in a day that should have gone to customers for them to now call up and defraud,'' he said in a interview on the Breakfast Daily on Channel One TV on Friday, May 2.
By combining advanced security measures with customer vigilance, Mobile Money Limited aims to protect users from evolving fraud threats.
Source: Lead News Online
