Telcos, Banks in Denial As SIM Swap Fraudsters Empty Accounts

Telcos, Banks in Denial As SIM Swap Fraudsters Empty Accounts

Telecommunications operators and commercial banks are denying involvement in SIM swap frauds as Nigerians continue to lose millions of naira to fraudsters who use mobile numbers and short codes to empty unsuspecting victims’ bank accounts. SIM-swap fraud, is a type of phishing fraud that poses a serious threat to customer and bank security. The fraudster […]
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