Global financial losses from scams have exceeded $47 billion annually with emerging data pointing to Southeast Asia as a central hub for large-scale, organised fraud operations....
Nigeria is moving to strengthen its cybersecurity framework as artificial intelligence increasingly reshapes the scale and sophistication of cyberattacks targeting government institutions, financial systems, and private...
A United States District Court has sentenced Nigerian national, Ehis Lawrence Akhimie, to more than eight years in prison for his role in a transnational inheritance...
Iran’s digital finance ecosystem suffered a major blow on Wednesday following a coordinated cyberattack that drained approximately $90 million in crypto assets from Nobitex, the country’s...
A Nigerian-born United States citizen, Oladapo Fadugba is facing up to 27 years in a US federal prison following his indictment for wire fraud, aggravated identity...
Two Nigerian nationals, Solomon Aluko and Nosakhare Nobore, alongside four others, have been indicted in the United States for orchestrating a sophisticated $50 million fraud scheme...
Nigerian banks recorded a N52.26 billion loss to fraud in 2024, according to the latest Nigeria Inter-Bank Settlement System (NIBSS) Fraud Report. This represents a 196...
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...
The Central Bank of Nigeria (CBN) has said no going back on the cybercrime levy imposed on all electronic transactions. In fact, in its new guidelines...
In a shocking turn of events, a 27-year-old woman, Oluchi Nzemechi, has been arrested for allegedly stabbing her boyfriend, Kelechi Nzemechi, to death over a disagreement...