The recently-released ‘State of Mobile Fraud in Africa’ report by Paris-headquartered Evina reveals that 19% of mobile payment transactions in Africa were made without the user’s consent from January 2021 to June 2021.
Professional cybercriminals from around the world targeting Africa’s one billion mobile phone users also remain a significant problem in particularly vulnerable countries such as Angola and Egypt where 34% and 25.5% of mobile transactions were identified as suspect, respectively.
The latest Evina report helps mobile stakeholders understand the scale of the mobile fraud challenge with key data on mobile fraud in Africa.
“When it comes to fighting fraud, it is crucial to put in place a strategy backed by insightful data. That’s why we are committed to providing the best quality, most valuable and up-to-date information to fight fraud and grow your mobile-centric business in Africa,” says David Lotfi, Evina CEO.
Information about fraud types, top fraudulent apps and per-country fraud prevalence is supplemented with real-life solutions-based case studies that vividly illustrate the state of mobile fraud on the ground and how to beat it.
Lotfi explains that direct carrier billing (DCB), where users are billed for purchases directly on their phone bills, is primarily impacted by two forms of mobile fraud in Africa:
malicious apps, that secretly contain malware and are programmed to make payments on behalf of the user without his knowledge, and clickjacking, where a fraudster intercepts a legitimate click and unknowingly directs the user to a website where sensitive financial and other details can be stolen.
Evina says malicious apps made up 17.6% of all fraudulent attempts across Africa in the first six months of the year while long-standing clickjacking accounted for 62.3% of all attempts. Another mobile-based fraud, remote-controlled fraud, is listed in the latest Evina report as being responsible for 7.6% of all fraudulent mobile activities targeting African cellular users. This is where malware takes control over devices to make fraudulent payments. Three other types of fraud identified in the report accounted for almost 10% of mobile fraud.
The top three malicious apps in Africa in the first half of this year – according to the report – are funny SMS, Asters Wallpapers and Magic Photo Editor, each downloaded over more than 10 000 times. These apps have already been removed from the app store thanks to Evina.
“Detecting fraud fast depends on implementing proven, highly responsive technology that’s as agile as its target. There will always be fraud present around digital transactions, however, mobile fraud can be effectively managed with the right tools backed up by solid relationships with the appropriate experts,” concluded Lotfi.