Law enforcement authorities have intensified efforts to combat financial crimes as 1,088 suspects were arrested and N142,261,254,228.80 and $11,450,000 recovered in separate operations carried out in...
Guaranty Trust Bank Plc (GTBank) has confirmed an isolated hacking attempt aimed at compromising its website domain but reassured customers that no data was compromised. The...
The significance of cybersecurity in the linked world of today cannot be emphasized. The challenges in the digital sphere are constant, ranging from large-scale assaults on...
The International Monetary Fund (IMF) has disclosed that financial institutions worldwide have lost to$12 billion due to cyberattacks over the past 20 years. This revelation comes...
Mixin Network, a prominent decentralized wallet service provider, has been rocked by a massive security breach resulting in a loss of $200 million. The breach, attributed...
A recent report by the Financial Institutions Training Center (FITC) has exposed a staggering surge in fraud cases. These nefarious activities have collectively drained an alarming...
The Nigeria Inter-Bank Settlement System (NIBSS) announced a substantial loss of approximately N9.5 billion within the banking sector for the year 2023. The disclosure was made...
Merchant losses from online payment fraud will exceed $362 billion globally between 2023 to 2028, with losses of $91 billion alone in 2028.
It has been uncovered that North Korean hackers orchestrated a series of audacious cyber heists, successfully pilfering a staggering $3 billion in cryptocurrency over the course...
Among the myriad of tactics employed by cybercriminals, phishing emails continue to reign as one of the most prevalent and effective methods for breaching personal and...