Experts have said that the operations of commercial banks and their continuous existence may be severely affected if the worsening online fraudulent activities against financial institutions...
As Nigeria’s digital economy flourishes, it faces escalating cyber threats, prompting the Federal Government to issue 33 cyberattack advisories in the past year. These warnings, issued...
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...
In a bid to bolster cybersecurity measures within the financial sector, the Central Bank of Nigeria (CBN) has issued a directive mandating banks and financial institutions...
The Economic and Financial Crimes Commission (EFCC) has made a startling revelation, implicating banks in Nigeria in a significant portion of the nation’s financial crimes. During...
Interswitch, the renowned payments infrastructure giant in Africa, has initiated a comprehensive fund recovery operation following a crippling system glitch that led to a loss of...
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...
Cybercriminals have been relentless in their pursuit of ill-gotten gains, causing significant financial losses and raising concerns about the security of digital assets.