700,000 Fcfa Stolen from a Wave Safe: How Hackers Bypass Application Security?

A network of cybercriminals stole over 700,000 CFA by bypassing the security of the Wave application's Safe feature, raising concerns among Senegalese users. The scammers primarily use SIM card fraud, where they retrieve a victim's SIM card to access their financial accounts. This type of fraud has already led to arrests in Touba and Guédiawaye, highlighting the vulnerability of mobile money systems in Senegal.