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Tag: frauds

Nigerian banks fraud losses
Business

Nigerian banks see sharp decline in fraud losses to N468B in Q1 2024

Nigerian banks have reported a substantial loss of N468 billion due to fraudulent activities in the first quarter of 2024, a notable decrease ...
By ITEdgeNewsJuly 9, 20240
cryptocurrency
News

Crypto criminals stole $1.9B in 2020, down from $4.5B in 2019

The year 2020 has witnessed an impressive growth of the entire crypto market, with many investors turning to digital coins as a store ...
By ITEdgeNewsFebruary 18, 20210
WIFI and NCC and ICAF
News

Beware! Free WIFI could make cybercriminals access your bank accounts, NCC tells consumers

Beware! Free WIFI could mean trouble, and an easy access by cybercriminals into your financial vault, the Nigerian Communications Commission (NCC) has warned ...
By ITEdgeNewsDecember 16, 20190
Forensic-Auditors-CIFIA
News

Cyber fraud climbs over N25B in five years in Nigeria, says CIFIAN

Over N25 billion cyber frauds have been recorded in Nigeria’s financial institution in the last five years, according to the Chartered Institute of ...
By ITEdgeNewsApril 9, 20190
CBN plans new measures Internet fraud
News

CBN plans new security measures against Internet frauds

By Nwakaego Alajemba and Oluwatobi Opusunju The Central Bank of Nigeria (CBN) is developing a Risk Based Cyber Security Framework for banks and ...
By ITEdgeNewsAugust 3, 20180

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