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MoMo Fraud: MTN Invests $2.5m Into Artificial Intelligence To Fight MoMo Fraud

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MoMo Fraud: MTN Invests $2.5m Into Artificial Intelligence To Fight MoMo Fraud

 

 

MTN Ghana has announced that it is investing US$2.5 million to beef up its artificial intelligence so they can win the fight against mobile money fraud.

General Manager of Mobile Money Limited of MTN, Eli Hini made the announcement at their maiden virtual Annual General Meeting in Accra.

He disclosed that so far, MTN has aided the police to arrest over 40 mobile money fraudsters and some moneys have been retrieved from the fraudsters in some of the cases, based on intelligence MTN provided.

Eli Hini acknowledged that the more MTN Mobile Money grows, the more the fraudsters also get sophisticated, but MTN is on daily basis improving its systems and process to weed them out.

“We have built systems that are able to pick intelligence and lead to police swoops in specific communities where the fraudsters were arrested and some money retrieved for customers,” he said.

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He, however, noted that whereas MTN invests heavily in artificial intelligence to fight MoMo fraud, it also behooves on customers to be on high alert and not expose themselves to fraudsters.

“Never discuss your mobile money transactions with anyone who calls and says they are calling from MTN – never give out your MoMo PIN to anyone who claims he is from MTN – if you are not participating in any promotion, ignore any one who calls you and claims you have won a reward,” he cautioned.

Eli Hini said it was important for customers to remember that “MTN will never call you and ask you to send MoMo transfer in order to claim a prize – because if you really win a prize from us we will call you with 0244300000 and invite you to an event to receive your prize.”

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He said MTN has been able to capture a lot of the tactics of the MoMo fraudsters and they do share that information on their various social media platforms so it is important for customers to always follow that education and know how to identify and ward off the fraudsters.

Eli Hini also revealed that some 15.5 million Ghanaians have mobile money wallets and a total of GHS4 billion has been transacted on the MTN Mobile Money platform since its inception, saying that it is good for the economy because most of that money remain in the financial sector and are being invested in projects.

He also called for a centralised identification system to enable an easier detection and apprehension of fraudsters.

 

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What governments all over the world are doing after COVID

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What governments all over the world are doing after COVID in 2022.

One of the most important ways that societies intervene to buffer the adverse consequences of socioeconomic disadvantage is through the provision of social assistance. Social assistance refers to government programs that provide a minimum level of income support to individuals and households living in poverty.

When people talk about people receiving public assistance – food stamps, disability, unemployment payments, and other government help – they often have stereotypes and inaccurate perceptions of who those people are and what their lives are like.

This view of some people is affecting policy for the growing ranks of our nation’s poor, says a new report from a joint project from Save the Children and the Center for American Progress. The report compares the U.S. means of measuring economic opportunity and poverty with the experience of other countries, including five peer nations on the same income scale. It shows that people in many peer countries are given assistance as a matter of public policy, and these nations tend to view welfare programs as a short-term emergency measure.

Many countries like the U.S and spend significantly more taxpayer money on assistance than peer countries. After a few years of assistance, people on welfare in the U.S. have a much more difficult time finding jobs, according to the recent National Survey of Transitional Assistance Providers. These programs lend support either in the form of direct cash transfers or through a variety of in-kind benefits (e.g. food stamps and rent subsidies). Social assistance has been shown to strengthen the purchasing power of the poor and raise their material standards of living.

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However, the government does not provide these social assistance programs to ensure marginalized populations are treated fairly, the report says. In fact, U.S. policy determines participation by significant factors, such as the stigma associated with poverty.

Many social programs determine eligibility before a person’s need for support. They include the U.S. Earned Income Tax Credit, which provides an additional tax refund to working families. Similarly, these benefits are made available only to the poor, as with food stamps and Medicaid eligibility. The report finds positive signs.

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Throughout the world, government assistance helps increase your odds of getting a job, incorporates receiving benefits (by lowering the barriers to receive), raises your wages, and reduces the chances of falling into poverty. This means people who receive the assistance are less likely to experience long-term poverty.

Some nations take a deliberate approach to the provision of social assistance because they view the social support system as integral to promoting social and economic mobility. In many cases, straight into the workforce programs and an expansion.

Access to jobs is crucial to moving families out of poverty. Unemployment and disability, for example, only benefit people when they work. A policy reform could make the social safety net more effective.

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Nigeria Warns Of Possible Eid Al-Fitr Bomb Attacks

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Nigeria’s secret police have warned of possible bomb attacks during celebrations for Eid al-Fitr, which marks the end of the Islamic holy month of Ramadan.

In a statement, spokesperson Peter Afunanya said the Department of State Services (DSS) had uncovered a plot by suspected gangs to carry out attacks on critical infrastructure, places of worship and recreation centres.

The warning comes after recent explosions at bars in the north-eastern states of Taraba and Yobe that killed several people.

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A splinter faction of Boko Haram known as Islamic State West Africa Province (Iswap) said it carried out the attacks.

 

 

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Source: GhArticles.com

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Russia Cuts Off Gas Supplies To Bulgaria And Poland

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Russia Cuts Off Gas Supplies To Bulgaria And Poland

The Russian energy giant Gazprom says it has cut off all gas deliveries to both Bulgaria and Poland after both countries refused to start paying for the supplies in roubles.

Earlier, both Polish and Bulgarian energy providers said they had received official notices from the Russian gas supplier that deliveries were due to be cut.

Gazprom’s announcement comes after some confusion earlier this morning, when data showed gas supplies into Poland through Belarus temporarily reduced to zero before resuming.

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Bulgaria’s gas network had also said the country was still receiving Russian gas as of this morning.

We are yet to see any data of gas volumes into Poland or Bulgaria since Gazprom’s announcement just now.

 

 

 

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Source: GhArticles.com

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