According to the Nigeria Inter-Bank Settlement System Plc (NIBSS), in the first nine months of 2020, fraudsters attempted 46,126 attacks, and they were successful on 41,979 occasions, 91 percent of the time.
There is a need to pay attention to the growth in online fraud which could threaten digital banking success, as Nigeria continues to embrace electronic transactions and push for financial inclusion.
According to the Nigeria Inter-Bank Settlement System Plc (NIBSS), in the first nine months of 202
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