With more than $1.9 billion processed daily and over one billion registered accounts globally, Kaspersky, a computer antivirus and malware producer, has harped on more safety for mobile wallets.
The firm, in a statement, said there is strong growth coming from Africa PayPal plans to expand its service to more African countries.
- Nigeria, Cuba to collaborate on COVID-19 vaccine production
- Okonjo-Iweala: I was surprised Trump blocked my WTO Job
With the COVID-19 pandemic resulting in lockdown conditions in many countries, even more people have turned to using mobile wallets instead of cash, as a safer option – from a hygiene perspective at least.
However, this comes with the threat, according to Bethwel Opil, Enterprise Sales Manager at Kaspersky in Africa. “While there is ample benefit to be gained from mobile money, spam, phishing, social engineering, and fraud all form part of the cyber-attack landscape when it comes to this innovation.
“Threat actors are constantly coming up with more innovative tactics to compromise people’s wallets whether these pertain to traditional bank accounts or mobile wallets,
“It is therefore imperative that consumers remain vigilant and apply common sense to their transactions and engagements with mobile money services.” he added.
He also noted that there was need to continually educate account holders on the safety of their wallets.