EcoCash Mobile Money Scam in Zimbabwe: Zimbabwean police have arrested 11 suspects in connection with a sophisticated mobile money fraud operation that targeted EcoCash users and merchants, in a case that has drawn attention to the growing risks surrounding digital financial services across Africa. The EcoCash scam in Zimbabwe involved coordinated manipulation of mobile money...
Fraud in Zimbabwe has increased across business and social sectors. Scams range from fake suppliers and cloned company profiles to online investment schemes and property swindles. The volume and sophistication of these schemes are undermining consumer confidence and commercial activity. Businesses and households are increasingly exposed to losses that slow economic recovery. The forms of...