MTN South Africa has reportedly unearthed a criminal syndicate that is defrauding the company and its clients.
According to Sunday World, MTN conducted an internal forensic investigation in conjunction with the Directorate for Priority Crime Investigation (Hawks) and discovered that at least 1 914 MTN subscriber accounts were compromised by the cybercriminals.
This came a month after MTN said that identity, or subscription fraud had become a threat affecting network operators and customers around the world.
A Sunday Times report said the mobile phone operator indicated that criminals constantly worked to find new ways to beat fraud-prevention systems.
The telecommunications giant said this as it responded to reports of fraud that recently came into the spotlight, one of which was reported by MyBroadband that fraudsters stole R8 453.44 from an MTN subscriber in a Me2U money scam where criminals bypassed bill limits to maximise their takings.