30 results
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 28 Dec 2017
Banks Set Up Fund to Fight e-Fraud
Nigerian banks have set up a multimillion-naira fund to fight scammers as the banking sector continues to record rising cases of electronic fraud. Part of the funds will be deployed in massive…
- 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.…
- 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…
- 20 Jul 2015
Nigerian Banks Lose N199Bn to e-Fraud
Nigerian banks have lost a total of N199 billion to e-fraud between 2,000 and 2014, mostly due to inappropriate and reckless management of customers’ data, according to a report by the Leadership…
- 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…
- 2 Nov 2016
eFraud Confab: Industry CEOs, Stakeholders Meet in Lagos
Top-notch chief executive officers (CEOs) of organisation from within and outside the electronic payment industry and other key stakeholders in the economy are set to converge on Lagos next week for…
- 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…
- 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…
- 27 Oct 2021
NCC, other Telecom Regulators Set to Combat e-Fraud, Standardise Regional Roaming Tariffs
The Nigerian Communications Commission (NCC) and other telecoms regulators under the auspices of West African Telecoms Regulators Assembly (WATRA) are set to develop technical and regulatory…
- 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…
- 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…
- 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…
- 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 Nov 2019
NCC Inaugurates Multi-Sectorial Committee on e-Fraud
The Nigerian Communications Commission (NCC) has inaugurated multi-sectorial Committee on e-Fraud to drastically curb crime in the country. Inaugurating the multi-sectoral committee on Wednesday in…
- 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…
- 10 Apr 2017
Digital Encode Expands Business Operation, Appoints Olaniwun Ajayi LP as Legal Adviser
Digital Encode, a leading Information Security Management and Compliance Advisory company as part of a global reach has expanded its business operations to the United States of America as well…
- 26 Feb 2014
CBN Enhances Security Policy to Prevent eFraud
Central Bank of Nigeria (CBN), has unveiled new security policies to protect bank customers and the business community against electronic fraud. Dr. Sarah Alade, acting governor of the apex bank said…
- 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…
- 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…
- 18 Aug 2008
Card Fraud:ValuCard Trains Banks, EFCC, Others
ValuCard Nigeria, electronic payment switching provider, has commenced intensive 2-day Card Fraud Management training for executives, senior officers and operatives of banks, the Economic &…
- 13 Mar 2020
NCC’s Committee on e-Fraud Meets, Reviews Inputs from Sub-Committees
The 26-man Committee inaugurated by the Nigerian Communications Commission (NCC) to develop a Memorandum of Understanding (MoU) on how relevant public and private organisations can collaborate to…
- 8 Nov 2017
Experts Seek Improved e-Channels Security, Banks Lose N237bn In 10 Years
By peter oluka Fraudsters, especially through the electronic payment channels have stolen about N237 billion since 2007 from Nigerian banks. This was made known on Monday by the Niyi Yusuf, country…
- 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…
- 22 Nov 2019
NCC Sharpens Strategy to Combat Financial Frauds
In fulfillment of one of its fundamental statutory responsibilities of protecting the interests of the consumers of telecoms services, the Nigerian Communications Commission (NCC) on Wednesday…