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...
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...
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...