Evaluation of Key Security Issues Associated with Mobile Money Systems in Uganda

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dc.creatorAli, Guma
dc.creatorDida, Mussa
dc.creatorSam, Anael
dc.date2020-06-11T12:29:49Z
dc.date2020-06-11T12:29:49Z
dc.date2020-06-08
dc.date.accessioned2022-10-25T09:15:45Z
dc.date.available2022-10-25T09:15:45Z
dc.descriptionThis research article published by MDPI, 2020
dc.descriptionSmartphone technology has improved access to mobile money services (MMS) and successful mobile money deployment has brought massive benefits to the unbanked population in both rural and urban areas of Uganda. Despite its enormous benefits, embracing the usage and acceptance of mobile money has mostly been low due to security issues and challenges associated with the system. As a result, there is a need to carry out a survey to evaluate the key security issues associated with mobile money systems in Uganda. The study employed a descriptive research design, and stratified random sampling technique to group the population. Krejcie and Morgan’s formula was used to determine the sample size for the study. The collection of data was through the administration of structured questionnaires, where 741 were filled by registered mobile money (MM) users, 447 registered MM agents, and 52 mobile network operators’ (MNOs) IT officers of the mobile money service providers (MMSPs) in Uganda. The collected data were analyzed using RStudio software. Statistical techniques like descriptive analysis and Pearson Chi-Square test was used in data analysis and mean (M) > 3.0 and p-value < 0.05 were considered statistically significant. The findings revealed that the key security issues are identity theft, authentication attack, phishing attack, vishing attack, SMiShing attack, personal identification number (PIN) sharing, and agent-driven fraud. Based on these findings, the use of better access controls, customer awareness campaigns, agent training on acceptable practices, strict measures against fraudsters, high-value transaction monitoring by the service providers, developing a comprehensive legal document to run mobile money service, were some of the proposed mitigation measures. This study, therefore, provides a baseline survey to help MNO and the government that would wish to implement secure mobile money systems.
dc.formatapplication/pdf
dc.identifierhttps://doi.org/10.3390/info11060309
dc.identifierhttps://dspace.nm-aist.ac.tz/handle/20.500.12479/786
dc.identifier.urihttp://hdl.handle.net/123456789/94572
dc.languageen
dc.publisherMDPI
dc.subjectMobile money
dc.subjectMobile money systems
dc.subjectMobile network operators
dc.subjectMobile money services
dc.subjectMobile money service providers
dc.subjectSecurity issues
dc.titleEvaluation of Key Security Issues Associated with Mobile Money Systems in Uganda
dc.typeArticle

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