No Smurfs: Revealing Fraud Chains in Mobile Money Transfers

  title={No Smurfs: Revealing Fraud Chains in Mobile Money Transfers},
  author={Maria Zhdanova and J{\"u}rgen Repp and Roland Rieke and Chrystel Gaber and Baptiste Hemery},
  journal={2014 Ninth International Conference on Availability, Reliability and Security},
Mobile Money Transfer (MMT) services provided by mobile network operators enable funds transfers made on mobile devices of end-users, using digital equivalent of cash (electronic money) without any bank accounts involved. MMT simplifies banking relationships and facilitates financial inclusion, and, therefore, is rapidly expanding all around the world, especially in developing countries. MMT systems are subject to the same controls as those required for financial institutions, including the… CONTINUE READING