POS fraud cases rise by 31.12% in Q1 2024 as terminals spread
The prevalence of fraud and forgery in Nigeria's payment system has shown a significant shift in the first quarter of ...
Tag: FITC
Experts advise Nigerian fintechs on strategies to get funding amid scarcity
Experts in the financial industry have urged fintech companies in Nigeria, especially, those seeking to raise funds to prioritize profitability ...
Nigerian banks lose N2.09 billion to frauds in Q4 2023 – FITC
Nigerian banks lost a total of N2.09 billion to frauds in Q4 2023 with mobile emerging as the top channel ...
Digital literacy critical to preventing online frauds – Chika Nwosu
The Chief Executive Officer of PalmPay, one of the leading fintech companies in Nigeria, Chika Nwosu, has said that Nigeria ...
Banks’ losses to frauds hit N5.79 billion in Q2 2023 – FITC
Commercial banks in Nigeria lost a total of N5.79 billion to fraud activities in the second quarter of this year, ...
Nigerian banks sack 15 workers over involvement in fraud
Nigerian banks sacked 15 of their staff members between January and March this year for using their access to perpetrate ...
Bank customers lose N472 million to fraudsters in Q1 2023 – FITC
The latest banking fraud and forgeries report by FITC has revealed that bank customers in Nigeria lost a total of ...
Nigerian bank customers lost N1.17 billion to frauds in Q2 2022 —FITC
A report by FITC has revealed that bank customers in Nigeria lost a total of N1.17 billion to fraud in ...
Why banks must adopt CBN’s cybersecurity framework- FITC
FITC attributed the high spate of digital risks in Nigeria to the digitization of banking services
FITC launches ThinkNnovation Cybersecurity Conference 3.0; Equipping the Financial Services Sector against Growing Cyber Risks
The post pandemic global acceleration of digitization across the financial services sector, has resulted in an increase in cyberthreats. This ...
