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Showing posts from December, 2012

ATM fraud: Forget EMV; Try Mobile Money

This christmas did not pass without much drama for many Kenyans. Banks had for some days before the holidays sent what looked like panic notifications advising customers to change their ATM card PIN numbers. Although I don't recall being a targeted recipient of the " Change your PIN " plea by my bank, good old twitter amplified the message at some point on 23rd and 24th December. Bank with StanChart? Change your PIN tonight. Not later. Not tomorrow. Your money is only safe under your pilllow for now. — Jackson Biko (@bikozulu) December 23, 2012 As fate would have it, having been unable to scamper for the seemingly account-saving change of PIN, Christmas eve would be the day fraudsters would hit my account. In the resulting helplessness of things, where else to go but good old twitter to share the experience with the rest of the world? Just got my Stanchart ATM PIN stolen/changed and cash withdrawn. People CHANGE your PIN numbers!! — John Kieti (@gmeltdown) De