Scammers target Mobile Money users – CSA warns of sharp rise in fraudulent investment schemes

Scammers target Mobile Money users – CSA warns of sharp rise in fraudulent investment schemes Featured Jul - 06 - 2026 , 16:30 1 minute read The Cyber Security Authority (CSA) has issued a public alert over a sharp increase in fraudulent online investment schemes operating under various aliases.

The Authority has advised the public to exercise caution with platforms promising unusually high returns, refrain from engaging with unsolicited messages or WhatsApp groups claiming affiliation with reputable organisations, and verify the legitimacy of investment opportunities through official channels.

According to the CSA, victims are lured with promises of high returns on investments, often tied to crypto-mining equipment leases or online business tasks.