[kictanet] Sim card swap: How Farah Bashir lost Sh2.6m to fraudsters in hours

[Bradley Kisia]

I see this link doing rounds on WhatsApp.  How valid is it?
https://techweez.com/2022/05/30/stop-sim-replacement-at-mpesa-agent/

On Mon, 30 May 2022 at 13:32, Barrack Otieno via KICTANet <
kictanet at lists.kictanet.or.ke> wrote:

> You hit the nail on the head. Most good accounts have relationship
> Managers. I doubt they would just sit there and watch a fat account being
> decimated.
>
> Regards
>
> On Mon, 30 May 2022, 5:05 pm Alex Watila via KICTANet, <
> kictanet at lists.kictanet.or.ke> wrote:
>
>> Good afternoon,
>>
>> The Kenya Bankers Association and the Telcos are conveniently avoiding
>>  the evidence that most of these frauds involve insiders
>>
>>
>>
>> Without dealing with the insider threats in the banks and telcos the
>> frauds will continue
>>
>>
>>
>> At the moment they have just identified the sim swap vulnerabilities
>> (actually some of the international banks have made 2FA mandatory and are
>> using Authentication apps that are not based on your sim)
>>
>>
>>
>> Regards,
>>
>>
>>
>> Consultant
>>
>> ICT4D
>>
>> *Quality Management Systems
>> <https://advisera.com/27001academy/#a_aid=621f58ced9bb1&a_bid=f79f3b0b> *
>>
>> *Information Security Management Systems
>> <https://advisera.com/27001academy/#a_aid=621f58ced9bb1&a_bid=f79f3b0b>*
>>
>>
>>
>> *From:* KICTANet <kictanet-bounces+awatila=gmail.com at lists.kictanet.or.ke>
>> *On Behalf Of *David Indeje via KICTANet
>> *Sent:* Monday, May 30, 2022 10:59 AM
>> *To:* Alex Watila <awatila at gmail.com>
>> *Cc:* David Indeje <davidindeje at gmail.com>
>> *Subject:* Re: [kictanet] Sim card swap: How Farah Bashir lost Sh2.6m to
>> fraudsters in hours
>>
>>
>>
>> Dear Listers,
>>
>>
>>
>> These cases are emerging at an alarming rate. Indeed, the Kenya Bankers
>> Association says consumer education will play a central role in addressing
>> emerging security challenges. The association cites cases of phishing
>> emails, and malware attacks, to have scaled up in tandem with the enhanced
>> uptake of internet and mobile transaction platforms.
>>
>>
>>
>> “A study paper on human-centered cybersecurity: Kenyan Fintech sector,”
>> prepared by KICTANet, in collaboration with Trust4Cyber Flagship Deutsche
>> Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH,  says emerging
>> threats in Kenya are organized crime, exporting cybercriminals to the East
>> African region.  https://bit.ly/3vBc5SA
>>
>>
>>
>> *Kind Regards,*
>>
>>
>> *David Indeje *_____________________________________
>>
>> +254 (0) 711 385 945 |  +254 (0) 734 024 856
>>
>> <https://www.linkedin.com/in/david-indeje/>
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>
> KICTANet is a multi-stakeholder Think Tank for people and institutions
> interested and involved in ICT policy and regulation. KICTANet is a
> catalyst for reform in the Information and Communication Technology sector.
> Its work is guided by four pillars of Policy Advocacy, Capacity Building,
> Research, and Stakeholder Engagement.
>
> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
>
> KICTANet - The Power of Communities, is Kenya's premier ICT policy
> engagement platform.
>
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