Categories: Mobile Money

Alleged Fraudster Generates $20 000 Worth Of Fake EcoCash Payments

Share

We’ve talked about fake EcoCash payments before, here and more recently here. Another case of EcoCash related cyber-crime has occurred with a Bulawayo based man being accused of defrauding a supermarket after faking EcoCash payments to the tune of 20 000 on different occasions.

He is said to have approached the employees at the supermarket with fake EcoCash messages purporting to have paid for some groceries and the employees allowed him to take the groceries.

The matter reportedly came to light in September when the supermarket conducted an audit which revealed a mismatch between Ecocash transactions and those recorded manually in the books.

advertisement
Pindula

The problem with fake messages being used for cybercrime is that for the perpetrators of such crime the degree of ease with which they can carry out these crimes is shockingly easy since there are tonnes of apps to generate fake messages on app stores. I explained why these apps exist in the first place:

The developers behind the apps advertise their applications as being great for pranks but unfortunately in countries such as ours where use of mobile money is prevalent – the apps have found a new and more sinister purpose.

Fraudsters Using Fake EcoCash Messages To Fool Retailers

To make matters worse, EcoCash has in recent weeks been a dumpster fire with users of the mobile money platform not instantly getting confirmations when they pay for products. One would assume merchants have been going through the same problem which allows fraudsters to just blame the lack of receipt of a confirmation message on EcoCash’s “downgrade”.

As long as the EcoCash system isn’t working correctly and EcoCash doesn’t educate merchant and users on the existence of message generating applications, this form of cybercrime will continue to occur at an alarming rate since it’s so easy to generate fake messages.


Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, chat with us using the chat feature at the bottom right of this screen

Leave a Reply

Your email address will not be published.

Published by
Farai Mudzingwa

Recent Posts

Chicken Hut’s new digital menu looks to kill 3 birds with one stone

COVID-19 has presented many pitfalls for businesses and chief among those affected are restaurants and…

September 18, 2020

Trace Group acquires SA production company Okuhle Media

South African audiovisual production company Okuhle Media has been acquired by Trace Group. This acquisition…

September 17, 2020

Netflix to bringing mobile-only packages to SA – Here’s why that’s a big deal

Netflix recently announced some BIG news! They are bringing their mobile only plans to Africa…

September 17, 2020

Video: This might be the cheapest smart home alarm system you can buy

The Wifi Smart security kit is a do it yourself home security system that has…

September 17, 2020

BancABC City Hopper charging 2% for city to city remittance

BancABC launched City Hopper today and the one thing that was on all of our…

September 17, 2020

Sasai announces Talent Show as Cassava continues aggressive user acquisition efforts

Late last week, Cassava Smartech circulated a press release announcing that they were hosting a…

September 17, 2020