The Nigerian banking sector is facing a significant challenge as fraud instances continue to rise, posing threats to both financial institutions and their customers. The “Reports of Fraud and Forgeries in Nigerian Banks (Quarter 2, 2023)” analysis by the Financial Institutions Training Centre (FITC) sheds light on this escalating issue. With the total amount involved […]
In today’s digital age, we are constantly exposed to various forms of cybercrime. One such threat that is rapidly gaining traction is the smishing attack. But what is a smishing attack? And why is Nigeria considered a hotspot for this type of cybercrime?