The electronic payment space transaction fraud rose by 82 percent in 2016 with an estimated N2.19 billion lost to cyber criminals. This is contained in the Nigeria Electronic Fraud Forum (NeFF) annual report 2016 released yesterday. The report titled: ‘a changing payments ecosystem: the security challenge’ said “the industry recorded about 82 percent increase in […]
N2.19bn lost to payment fraud in 2016 – Report
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