Storyline
BoG: Social Engineering Gap Persists
Timeline
- Wed, Jul 15LatestUnverified — not yet reviewed
Kenyan court orders Safaricom and DTB to compensate SIM swap fraud victim
A Kenyan court has ordered Safaricom and Diamond Trust Bank to compensate a customer who suffered losses through a SIM swap fraud attack. The ruling reinforces the judicial liability precedent for banks and telecoms operators in mobile money fraud cases that was documented in reporting from July 14. The decision remains a directly relevant benchmark for Ghana's ongoing debate about fraud liability within its mobile money ecosystem.
- Tue, Jul 14Unverified — not yet reviewed
Kenyan court holds banks and telcos liable for SIM swap fraud losses
A Kenyan court has held banks and telecommunications companies liable for a $34,000 SIM swap fraud loss suffered by a customer. The ruling establishes a judicial precedent on institutional accountability for mobile money fraud that is directly relevant to Ghana's ongoing debate about where fraud liability rests in the mobile money ecosystem.
- Mon, Jul 6Unverified — not yet reviewed
BoG Fintech Head warns technology cannot stop PIN-sharing fraud
The Bank of Ghana's head of fintech has stated that technology-based security measures cannot protect customers who voluntarily surrender their PINs to fraudsters. The warning highlights a social-engineering fraud gap that sits outside the scope of technical security investments in Ghana's mobile money ecosystem.