Uganda warns of increase in mobile money fraud

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The Uganda Communication Commission urged consumers to be wary of criminals attempting to scam people out of funds using mobile money platforms, having recorded an increase in cases during the Covid-19 (coronavirus) outbreak.

In a blog the regulator outlined security advice for subscribers after noting there were a number of fake promotions being circulated, alongside cases of fraudsters masquerading as operator employees to gain access to account details.

Among the rackets in circulation are attempts to persuade users to handover or enter PIN numbers, which are then used to enable fraudulent transactions.

“Such scams have resulted in a loss of considerable sums of money by unsuspecting subscribers, and more so during this COVID-19 lockdown, with subscribers increasingly using digital financial platforms due to limited mobility, and therefore desperate not to lose connectivity,” it added.

The regulator noted it was collaborating with mobile operators and anti-fraud companies in an attempt to

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Mobile & Online Banking | PNC

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  • Online Banking is free to customers with an eligible account; however there may be a fee for certain optional services. We reserve the right to decline or revoke access to Online Banking or any of its services. All online banking services are subject to and conditional upon adherence to the terms and conditions of the PNC Online Banking Service Agreement.

  • Federal regulation prohibits you from making more than a total of 6 transfers each month to other accounts from a savings or money market account (including transfers to another account for overdraft protection) or to third parties each month by check, through point-of-sale purchase transactions with a banking card, by preauthorized or automatic agreements, telephone, or online. See your account agreement for more information. Other limits may apply to your account. Excessive transactions may result in changing your Money Market or Savings account to a non-interest bearing checking account.

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