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…
Hackers now target interbank transfer systems in US, Russia, others
A cartel of hard-to-detect group of Russian-language hackers are now on the sprawl, starching away hard currency from banks’ Automated Teller Machines (ATMs) and mainly interbank transfer systems. A report released by Group-1B said in the last 18 months, key…