Cyber Crime: NCC Says 150M Nigerians Risk Financial Fraud - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
November 21, 2019
TheNigerian Communications Commission, NCC has warned that overone-hundred-and-fifty million Nigerians in the financial system risk beingdefrauded through telecommunications platforms.
The NCC Executive Vice-Chairman, Umar Danbatta gave the warning in an address during the inauguration of a multi- sectoral committee on e-fraud, in Abuja.
Datareleased by ‘Enhancing Financial Innovation and Access’ had showed that overone-hundred-and-fifty million Nigerians were involved in the financial system.
Danbattasaid the populace is vulnerable to financial fraud at any moment as a result ofmobile app integration with on-line payment platforms and other financialresources.
Headded that to effectively combat e-fraud, customer service and fraudoperations, teams in banks and the mobile network operators needed tighterprocesses and rules on how to detect potentially fraudulent activities.