As mobile wallet usage continues to grow, so does the risk of fraud. Fraudsters are increasingly targeting mobile wallet users through various methods to steal sensitive personal information, such as One-Time Passwords (OTPs) and PINs, to gain unauthorized access to accounts. With the advancement of technology, these criminals are also targeting the systems of third-party service providers, including banks, mobile financial service providers, and mobile network operators, to carry out their fraudulent activities.
To safeguard against these threats, it’s essential for mobile wallet users to understand the common tactics used by fraudsters. Being aware of these scams and remaining vigilant can help protect your personal information and assets. If you suspect any fraudulent activity, take immediate action by contacting your mobile financial service provider’s call center for assistance.
The Central Bank of Myanmar urges the public to stay informed and vigilant against mobile financial fraud. By taking the right precautions and staying alert, we can collectively work to prevent fraud and ensure the safety of our digital financial services.
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