Nigeria – Online Fraud

Internet Technology for banking: A Boon or A Bane?

Internet Technology has opened up new scope for the banking systems .It has enhanced our lifestyle up to some extent and it made our lives easier. But at the same time it comes with some risks because of its associated fraud.

According to NIBSS, increasing use of ATM and E-Platform has contributed to accelerated growth of fraudulent activities. According to latest figures, the volume of fraud is going up but actual loss from the attempted fraud is reducing. To know more check out this below info graphic which reflects the fraud data related to Nigeria.