FG Warns As Fraudsters Develop New Methods To Hack Bank Customers’ Account in One Click

FG Warns As Fraudsters Develop New Methods To Hack Bank Customers’ Account in One Click

  • FG has has decided to educate Nigerians on new methods fraudsters now employ to hack bank accounts.
  • NDIC's, an agency of the government, emphasizes the need for customers to keep their banking details confidential and secure
  • The agency's warnings come as fraudsters have reportedly developed ways to hack into customers' bank accounts in just one click

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The Nigerian Deposit Insurance Corporation (NDIC), a Federal Government agency, has raised concerns about increased bank fraud cases.

To address this issue, the commission has cautioned bank customers to remain alert and prioritize the security of their tokens to protect their funds.

Bank fraud
Bank fraud in Nigeria getting more sophisticated Photo credit: @Halfpoint Images
Source: Getty Images

The NDIC issued the warning in a press statement published on its website.

Secure your details

The NDIC said bank customers should not display their banking details to anyone and ensure that their debit card numbers and Card Verification Value (CVV) were not exposed to people.

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Part of the statement said:

“The Corporation said that customers should ensure that their phones had password and they must not share their bank mobile application password to anyone.
“NDIC also warned bank customers to ensure that their token were secured and other parties did not have access to it.”

Fraudsters develop new method

Legit.ng recently reported on a new method developed by fraudsters to allegedly hack bank customers' accounts.

A Nigerian man who identifies as Engineer Victor exposed the new technique in a new video shared on Tiktok.

According to him, with the technique in one click, internet fraudsters can move money out of their victims' accounts without having their ATM cards, pins or OTP.

Victor explained that these fraudsters obtain people's phone numbers through a specialized application and then send unsolicited messages.

He further warned that individuals who follow the instructions or even click on the message could end up losing their money.

Flutterwave denies hackers stole customers' N2.9bn

Meanwhile, Legit.ng previously reported Flutterwave has denied allegations that hackers stole N2.9bn from its platform and stashed the funds in 27 bank accounts

The company stated that its security measures are robust enough to prevent such attacks

The fintech company has also assured its users and the public that their funds are safe and secure on its platform

Source: Legit.ng

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