Banks’ must compensate victims where e-Fraud prevention mechanisms fail—NCC
More details have emerged from the working recommendations of the multi-sectorial Committee on e-Fraud inaugurated by the Nigerian Communications Commission (NCC). The Commission made it clear that time for forcing bank customers to bear the brunt of digital security errors…
Nigeria’s oil sector bleeds up to 92.9% of total illicit flows—NEITI
Fresh report by the Nigeria Extractive Industries Transparency Initiative (NEITI), has decried the jumping yearly losses to Illicit Financial Flows (IFFs) in Nigeria, saying about 92.9 per cent of the total bleeds away from the oil and gas sector. Illicit…
Hacking kingpins designing ransomware to hit N3.5tn trapped by BVN in banks
Indications have emerged revealing that Nigerian cyber criminals are now working day and night with their international hacking kingpins on a tailored ransomware attack that will hack into commercial banks and cause disruptions that will provide a window for them…
