The Nigerian Communication Commission NCC says combatting e-fraud on telecom platforms and building consumer confidence in the digital economy require a collective effort.
The Executive Vice Chairman of NCC, Umar Danbatta, said this during the 2nd Quarter Industry Consumer Advisory Forum ICAF meeting in Lagos.
Danbatta said telecom operators, regulatory bodies, law enforcement agencies and consumers must collaborate, with each fulfilling their responsibilities to tackle e-fraud.
He said e-fraud encompassed a wide range of malicious activities carried out via electronic means, including identity theft, phishing, hacking, and unauthorised access to personal and financial information, with the intention to defraud or take advantage of victims
Danbatta noted that these criminal activities might not only cause significant financial losses but also erode consumer trust in the digital ecosystem.
He said in recent years, Nigeria had witnessed remarkable growth in the digital economy, revolutionising the way Nigerians communicated and conducted businesses.
