30 results
- 3 May 2016
Online Transaction Fraud to Hit $25Bn by 2020 - Juniper Research
A new study from Juniper Research has found that the value of online fraudulent transactions is expected to reach $25.6 billion by 2020, up from $10.7 billion last year. This means that by the end of…
- 4 Jul 2019
Nigerian Develops Software to Curb Online Fraud
Emmanuel Okoye, a software engineer has developed a software application called ‘The Middle’ to help eliminate online fraud. Okoye, also known as ‘Gentzycode’, told the News Agency of Nigeria, that…
- 4 Apr 2025
TCL Launches ‘vetandpay’ to Combat Online Transaction Fraud
Tradewyse Concepts Limited (TCL), Nigeria-based technology solution provider has launched a product called “vetandpay” to address the issues of trust and fraud in online business transactions in the…
- 14 Dec 2023
Online Fraud: CBN Orders Financial Institutions to Display Names on Websites, Others
Central Bank of Nigeria (CBN)has instructed all licensed financial institutions to display their corporate names conspicuously on all their websites, portals, and online applications. This directive…
- 15 Jul 2021
VerifyMe Unveils NUBAN Verification Solution to Prevent Online Fraud
VerifyMe Nigeria, a digital identity verification and Know-Your-Customer (KYC) company, has launched a Nigeria Uniform Bank Account Number (NUBAN) verification solution and a Facial Liveness tool.…
- 4 Sept 2017
Online Car Sales Fraud Not Exclusive to Nigeria- Cheki CEO
The cyber criminals’ belligerent against online car sales market is real hence it demands collaborative efforts of stakeholders in the value chain to combat the tide, opines Mr. Gbenro Dara, chief…
- 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…
- 16 Nov 2012
iVeri Leverages Fraud Detection Radar for Online Payments
iVeri, a leading electronic payment solutions company in Africa has announced a partnership with CyberSource, a global payment management provider and Visa owned company to bring the most complete…
- 24 Jan 2015
Cyber Fraud Threatens Online Retail in Nigeria-KPMG
The increasing frequency and magnitude of cybercrime incidents globally make it apparent that cybercrime is here to stay, according to a report by KPMG. In the report, KPMG acknowledged that the…
- 1 Jul 2026
Report Reveals More than Half of Users Encountered Fraud or Scams Online
More than half (56%) of Internet users faced fraud over the past year, and 45% became victims of attacks on their devices, accounts or data (social media accounts hacking, data leakage, malware…
- 13 Jul 2018
Customers Experience Banking Fraud, Worry About Online Security Measures- Poll
Researchers of analytics software firm FICO found that majority of Internet users are annoyed with web and phone security measures. Out of 2,000 polled adults, 81% don’t see the need for what they…
- 31 Aug 2014
Verlista Online Logistics Directory Checkmates Frauds-Chinekezie
Larry Chinekezie is president/CEO, Verlista.com, an e-commerce platform that facilitates the marketing of goods and services peculiar to the logistics sub-sector of the Nigerian economy. Before…
- 6 May 2019
Kaspersky says SIM Swap Fraud is Targeting Africa’s Financial, Online Services
Kaspersky Lab experts at its annual Cyber Security Weekend discussed the wide spread growth of mobile payments across the globe and the many cyber risks that surround such technology, especially the…
- 17 Dec 2024
ESET Warns of Rising Online Scam Threat Amid EFCC's Major Fraud Bust
ESET, a global leader in digital security, has provided insights on the rising threat of online scams. In a significant operation earlier in the week, Nigeria's anti-graft agency, the Economic and…
- 14 Jun 2016
Fraudsters Target Mobile Transactions as Detection Spend Rises
A new study from Juniper Research has found that eCommerce merchants and financial institutions will be investing heavily in online fraud detection solutions over the next five years, with annual…
- 20 Oct 2021
CBN Tightens Control of Identity Database to Check Fraud
Online payments reached record heights in Nigeria in the third quarter of 2020, when the value of transactions increased to $116 billion from $68.3 billion in the same period in 2019. But this…
- 2 Jul 2026
India Asks Meta to Suspend WhatsApp Username Rollout over Fraud Concerns
Indian government has asked Meta Platforms to suspend the rollout of WhatsApp's proposed username feature in the country over fears that it could fuel online fraud, impersonation and phishing…
- 15 Aug 2017
EFCC Steps up Fight Against Cybercrime, Arrest Over 100
Over 100 undergraduates of tertiary institutions across Southwest have been detained for various cybercrimes by the Ibadan Zonal office of the Economic and Financial Crimes Commission (EFCC), it was…
- 11 Aug 2008
nigeriafraud.org Out to Fight Online Crime
nigeriafraud.org, an initiative put together by Michael Gbadebo, and one already gaining currency with Nigeria IT professionals has been launched to fight the increasing activities of online…
- 11 Jun 2015
Kaymu Hints on Top 5 Save Ways to Shop Online
Every day, millions of naira is spent online shopping for a myriad of reasons ranging from the huge bargains, wide assortment of products, fast delivery and easy returns. However for the few late…
- 15 Mar 2018
CPC Goes Tough on Online Marketing Companies
Consumer Protection Council (CPC) has warned online marketing companies against allowing fraud in their operations or risk the necessary sanctions. Babatunde Irukera, director general of the…
- 27 Jan 2026
Interpol Arrests over 570 Cybercriminals across Africa
More than 570 cybercriminals were arrested as part of a sweeping international operation aimed at stopping online fraud operations. Interpol’s Operation Sentinel, part of its African Joint Operation…
- 25 Aug 2008
Experts Blame Cyber Crime on Domain Hoisting
Information and Communications Technology experts have blamed the rising online fraud in the country on hoisting of websites by government and private organizations in domains outside the…
- 4 May 2014
Demystifying the ATM Customer Experience in Nigeria
The ATM in Nigeria has gone from a mysterious machine of very high distrust to a basic essential. Understandably, being at the perceived epicentre of online fraud and Internet scams has made…
- 15 Jan 2026
How to Stay Safe Online During Sales Periods
Kaspersky's new global research reveals that 65% of online shoppers believe they can detect fraud on their own, while only 42% actually use security software to protect their payments and block…
- 23 Jun 2017
Kaspersky Says Banks Face Online Identity Crisis
One in four banks globally find it difficult to verify the identity of online banking customers. This is according to Kaspersky Lab's Financial Institutions Security Risks survey, which found 24% of…
- 6 Aug 2026
Fleeing Southeast Asia Scam Syndicates Find New Homes in Nigeria, Kenya- Report
Southeast Asia cybercrime networks are expanding operations into Africa as crackdowns intensify in the subregion, according to a recent report from the United Nations Office on Drugs and Crime…
- 7 Jul 2013
Panic as Bankers, Fraudsters Empty Customers' Accounts
Disturbing revelations at the weekend suggested that a worrying fraud scheme-the theft customers’ ID data by employees of financial institutions is on the rise. Investigations showed that insiders in…
- 27 Oct 2024
Nigeria Makes List of Top 10 Countries with Highest Cases of Internet Scams
As the digital age progresses, internet scam have become a significant concern for individuals, businesses, and governments worldwide. While providing numerous opportunities for communication and…
- 13 Jun 2018
Kaspersky Debuts Fraud Prevention Solutions
Kaspersky Lab has introduced two fraud prevention solutions, Kaspersky Advanced Authentication, to prevent account compromises when developing digital channels, and Kaspersky Automated Fraud…