Internet Fraud and Cyber Scams

Electronic Banking Frauds Sharply Rising:

The bank fraudsters have perfected the scam mails in such a way that the mails look cloned from the real mails from the banks. They come with the logo, appropriate use of banking terminology and exact general style of bank mails, to request unsuspecting bank customers to supply certain information, especially their PIN, for a purported upgrade of the data base. It is all fraud!

We note the efforts by some of the banks, especially GT Bank to educate the public on how to keep their PIN and secure information on their credit cards and use the ATM.

We also note the efforts of Interswitch, the banks switch network