Activities of cyber criminals had assumed a high dimension— Akinwuntan
Managing Director of Ecobank Nigeria, Patrick Akinwuntan has raised what he described as issue of urgent national importance, saying time has come for all stakeholders collaboration in the fight against cybercrimes in the country to save the financial industry. Speaking…
Steady review of anti-digital fraud mechanism checkmated e-Fraudsters –CBN
The Central Bank of Nigeria (CBN), has argued that its relentless efforts at regularly reviewing security structures around the nation’s digital banking revolution has kept internet fraudsters in the banking sector, at a disadvantaged position to unleash terror on unsuspecting…
Soon, use of ATM pin codes’ll give way for finger-prints, biometrics—CBN
In keeping with its renewed fight against electronic fraud, rampant losses or trapping of automated teller machine (ATM) cards, a new vista is being plotted by the Central Bank of Nigeria (CBN) to tame the tide of infractions and theft….
Electronic payment systems eroding significance of physical locations of banks—Emefiele
The Governor of Central Bank of Nigeria (CBN), Dr. Godwin Emefiele has agreed that in no distant time, physical locations of financial institutions may become mere buildings where little or no financial transaction is done. Speaking recently during the Nigeria…
Revealed: MMM trapped Nigerians’N11.9bn on Dec 13, 2016
Fresh revelation from the 2016 annual report of the Nigeria Electronic Fraud Forum (NeFF) has shown that as at the time the Mavrodi Mondial Moneybox (MMM) Ponzi scheme bolted away from Nigeria on December 13, 2016, over N11.9 billion was…
