30 results
- 5 May 2019
Bank Customers Lose N3.6Bn to Cyberfraud
A total of 63,895 bank customers lost N3.6bn to cyberfraud in two years, 2017 and 2018, the Nigeria Electronic Fraud Forum (NeFF) has disclosed. Sam Okojere, chairman, NeFF, who is also the…
- 29 Jun 2018
Fraudster Steal N5.6Bn from Banks
Nigerian Electronic Fraud Forum (NeFF) has put the value of electronic banking fraud cases over the last three years at N5.571 billion. Data released by NeFF showed that while the value of…
- 20 Dec 2012
ATM Fraud Declines, Another Scam Rises
Mr. Emmanuel Obaigbona, chairman, Nigerian e-Fraud Forum, NeFF, has said that fraudulent transactions through the Automated Teller Machines (ATMs) have been reduced by 99 per cent within the last one…
- 27 Dec 2016
Skye Bank Bags CBN Awards for Fight Against Electronic Fraud
Skye Bank Plc. has emerged “The Most Committed Watch Listing Bank in Nigeria” out of four corporate awards that were up for grabs at the Nigeria Electronic Fraud Forum (NeFF) Annual Dinner and Awards…
- 22 Oct 2018
CBN, Telcos to Block Cloned SIMs from Customers’ Accounts
Central Bank of Nigeria (CBN) through the Nigerian Electronic Fraud Forum (NeFF) is partnering the telecommunication companies to ensure that cloned SIM do not have access to customers’ accounts.…
- 1 Jan 2018
CBN Rewards Firstbank’s Fight Against Electronic Fraud
FirstBank, showcasing the strength of its brand, won two of the three Central Bank of Nigeria (CBN) awards up for grab in the keenly contested Nigerian Electronic Fraud Forum (NeFF) 2017 Annual…
- 31 May 2017
Fraudsters Steal N2.19Bn in 2016 – Report
The electronic payment space transaction fraud rose by 82 percent in 2016 with an estimated N2.19 billion lost to cyber criminals, according to the Nigeria Electronic Fraud Forum (NeFF) annual report…
- 21 Jan 2026
Banks to Cut Fraud Response Times to Under 30 Minutes
Banks in the country have agreed to reduce fraud response times to under 30 minutes, a move expected to significantly improve recovery outcomes and limit systemic risk, according to the Central Bank…
- 6 Oct 2019
Ecobank Calls for Joint Effort to Tackle Cyber Crime
Ecobank Nigeria Limited has advocated continuous collaboration by all stakeholders in the fight against cyber crimes in the country. In his welcome address at the second general meeting of the…
- 31 Oct 2016
CBN to Blacklist Fraudulent Bank Customers
Central Bank of Nigeria (CBN) is working on a framework that will, before year-end, enable it to blacklist or watch-list fraudulent bank customers across the country’s banking space. ’Dipo Fatokun,…
- 22 May 2016
Digital Encode Emerges Cybersecurity Company of the Year @ BoICT 2016
Digital Encode, an information security management and assurance services company, continues its winning streak by emerging Cybersecurity Company of the Year at the coveted Beacon of Information and…
- 11 May 2016
Electronic Fraud is Online Equivalent of Stealing - Akindeinde
Oluseyi Akindeinde is the chief technical officer of Digital Encode, a cyber- security company involved in the implementation of security measures and certification for banks and others. Akindeine is…
- 14 Jun 2015
CBN Asks Banks to Set Up Fraud Desks
Central Bank of Nigeria (CBN) has in a circular directed Deposit Money Banks to maintain dedicated fraud desks in order to stem frauds within the banking industry. The CBN also said that it had…
- 2 Apr 2016
Bank Customers Lose N2.25Bn to Fraudsters – CBN
Bank customers lost N2. 25billion to fraudsters last year despite a significant fall in the value of financial frauds recorded last year, acording to data from the Central Bank of Nigeria…
- 29 Aug 2017
E-PPAN Partners Payment Stakeholders to Training Nigeria Police On Electronic Fraud
As new technological innovations are created to make payments faster and seamless, so it seems fraudulent activities involving electronic fraud have increasingly become prevalent. These cyber actors…
- 17 Oct 2017
E-PPAN Rallies Stakeholder to Discuss Big Data Analytics in Combating Payment Fraud
By peter oluka The Electronic Payment Providers Association of Nigeria (E-PPAN) has revealed that discussions at the 8th annual payment systems and fraud conference will focus on ‘Leveraging Big Data…
- 18 Apr 2019
NaijaSecCon 2019 to Focus on maturing Nigerian Information Security Space
The NaijaSecCon Cybersecurity Conference, the largest annual technical Cyber-Security Conference in Nigeria and Africa is back in Lagos. This time, it is taking on the role of maturing the Nigerian…
- 11 Feb 2015
Deloitte: Nigerian Cyber Security Outlook 2015
Our 2014 cyber security outlook was an eye-opener into the Nigerian cyberspace as all the predictions made were accurate. 2015 must therefore not be underestimated as the seeming deduction is that…
- 24 Mar 2021
Telcos Reject Demand by Banks for SIM Swap List
Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN), has asked telecommunication companies, to submit lists of SIM Swap customers to Nigeria Interbank Settlement System (NIBSS) for…
- 20 Feb 2022
Wema Bank MD Counsels Accountants on Cyber Security, Data Protection
Mr. Ademola Adebise, the Managing Director and Chief Executive Officer of Wema Bank Plc, has advised accountants to store data safely and protect them against cybersecurity threats and other criminal…
- 22 Feb 2022
Ademola Adebise, Wema Bank MD/CEO Shares Insight on Data Protection & Cyber Security with Accountants
Mr Ademola Adebise, Managing Director and Chief Executive Officer of Wema Bank Plc, has advised accountants to store data safely and protect them against cybersecurity threats and other criminal…
- 8 May 2022
Akindeinde, CTO Digital Encode to Keynote BoICT Lecture 2022
CommunicationsWeek Media Limited, a certified global ICT company with over two million online subscribers, are delighted and proud to announce Dr. Oluseyi Akindeinde, chief technology officer (CTO),…
- 27 Oct 2015
CBN, Police Worry as Fraudsters Steal N4Bn from Banks, Customers
Central Bank of Nigeria (CBN) and the Nigeria Police have agreed to set up a working group that would collaborate to foil electronic frauds, after the apex bank discovered that banks and customers…
- 26 Jul 2015
Winigroup, CBN Seek Collaboration on e-Payment Frauds
Winigroup Ltd, Nigeria’s leading, IT Security, Risk Management Solutions Company in Nigeria and experts in the banking and financial technology industry have called for stronger collaboration among…
- 2 Nov 2015
MultiChoice Africa Refreshes Bet Channel Offerings
MultiChoice Africa has announced that from December 1, general entertainment channel, BET, will launch on DStv Compact Plus and Compact bouquets. DStv Compact Plus and Compact subscribers will now…
- 14 Jun 2016
#nitec2016 To Promote Need For Ethical Hacking In Nigeria
Team Hacking Battles is one of the scheduled interesting side attractions at Nigeria International Technology Exhibition & Conference (NITEC 2016 @nitecevent) holding at the Civic Centre, Ozumba…
- 10 Jul 2016
Cashless Nigeria @ 2: Stakeholders Chart Areas of Focus
Stakeholders in the electronic payment space have commended the success so far recorded in the cashless Nigeria initiative of the Central Bank of Nigeria (CBN) which clocks two years this July, even…
- 4 Sept 2016
‘Insider Involvements Account for 80% of Electronic Fraud’
Oluseyi Akindeinde, chief technical officer, Digital Encode, has attributed internal collaboration 80 percent of electronic frauds recorded in the country. He said that the incidences are more…
- 19 Oct 2016
eFraud: CBN, Industry Stakeholders Move to Tackle N4Bn Annual Losses
Central Bank of Nigeria (CBN) and other key stakeholders in the payment sector will, next month, converge on Lagos at the annual Payment Systems and Fraud Conference discuss on how to tackle cases of…
- 24 Oct 2016
Digital Encode Founders Receive Georgia Honorary Award
The duo of Oluseyi Akindeinde and Obadare Peter Adewale founders of Digital Encode, a leading consulting and integration firm that specializes in the design, management, and security of…