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CIBN urges banks to strengthen cyber-security

The Chartered Institute of Bankers of Nigeria (CIBN) has urged the banks to strengthen their cyber-security architecture in order to prevent attacks by fraudsters. President/Chairman of Council of the institute, Mr. Bayo Olugbemi, made the call while delivering his remarks at the 2020 CIBN Fellowship Investiture in Lagos, at the weekend. The CIBN at its investiture formally conferred its honorary fellowship awards on 19 distinguished bankers in recognition of their contributions to the banking industry and the economy; 77 associates as elected Fellows while 105 senior management staff of banks and the academia became Honorary Senior Members of the institute at the event with the theme: ‘Financial Services in a post COVID 19 Environment: Strategic Imperative’. Some that were conferred with ...

Four Nigerian students arrested for ‘hacking’ bank’s system in Philippine

Four Nigerians in Muntinlupa City, Philippine have been arrested for alleged involvement in an international syndicate that hacks and siphons funds from banks. However, the Nigerians denied the allegations. The National Bureau of Investigation made this known in a statement on Tuesday, ABC CBN News reports. The statement, which was written in Phillwas signed by NBI’s Cybercrime Division chief, Vic Lorenzo. The investigative bureau claimed that “the fraudsters’ – Nigerians – transactions were traced when they hacked a system of one Philippine bank, where at least P100 million were transferred and funneled into a different account”. It alleged that the Nigerians violated the Access Device Law, Anti-Cybercrime law, and falsification of public documents. But the NBI in the statement failed to ...

Diezani Alison-Madueke: ‘Yahoo’ boys have become role models

A former Minister of Petroleum Resources, Diezani Alison-Madueke, says societal values have disintegrated to the extent that online fraudsters otherwise known as ‘Yahoo boys’ have become role models in Nigerian society. The post Diezani Alison-Madueke: ‘Yahoo’ boys have become role models appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.

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