A new report predicts a rise in cyberattacks across Africa, targeting the $81 billion mobile-money industry during its annual peak in December. Fraudsters are deploying holiday-themed phishing scams, SIM-swap fraud, and social-engineering tactics against users sending money home.
Kenya has already reported $230 million in cyber-related losses this year, with continent-wide figures nearing $5 billion. Experts advocate for stronger authentication, AI-driven defense, and enhanced consumer awareness to combat these threats.