If you happen to use mobile wallets frequently on your smartphone, you need to start being extra careful.
According to Deloitte, Mobile wallet frauds are set to rise as usage goes up. Topping the list of frauds are mobile phishing, cyber attack, and access to wallet through unauthorized sim swap. It pays to be extra cautious with your phone.
What should I do:
Be careful with your smartphone, be wary of unknown applications and don’t give your phone to strangers. Always ensure adequate anti-virus protection, and keep your phone locked.