The really humongous amount of money banks lost to fraudsters in just 2016 through electronic platforms, has been revealed.
An official has said that Nigerian Deposit Money Banks, DMBs, lost N2.19 billion to fraudsters through electronic channels in 2016 fiscal period.
According to Premium Times, the Deputy Governor, Operations, Central Bank of Nigeria, CBN, Adebayo Adelabu, said this while unveiling a report on electronic frauds by the CBN on Tuesday.
Speaking at the first stakeholders’ workshop on cybercrime organised by the Nigeria Electronic Fraud Forum and themed: “Tackling Enforcement Challenges under the Cybercrime Act”, Mr. Adelabu said that according to the report, 19,531 fraud cases were reported by banks in 2016 as against 10,743 recorded in 2015.
A breakdown of the actual amount lost showed that across the counter transactions with a total value of N511.07milllion accounted for the highest losses.
This was followed by Automated Teller Machine, ATM, transactions with N464.5 million, Internet banking N320.66 million, Point of- Sale, POS, transactions, N243.32 million, and mobile banking transactions, N235.17 million among others.
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