Fraudsters are on the rise in the banking industry

Some Kenyans have devised a new form of illegal self-employment. The new form of employment is “conning.” In most cases they rob people out of their hard earned cash while acting as members large well known organizations in Kenya. These organizations might include: Safaricom, Airtel or even Equity Bank.

In Kenya currently, this practice is on the rise and before being conned then you are not safe. Some act as Safaricom customer care and then they seek to confirm your personal details from their “system” and then at the end do a sim swap. After doing the sim swap they steal all your money from your M-pesa and even borrow more from your M-shwari account if you have any.