Global Statistics

All countries
527,442,280
Confirmed
Updated on May 22, 2022 7:48 pm
All countries
483,226,068
Recovered
Updated on May 22, 2022 7:48 pm
All countries
6,300,147
Deaths
Updated on May 22, 2022 7:48 pm

COVID-19 Global Statistics

All countries
527,442,280
Confirmed
Updated on May 22, 2022 7:48 pm
All countries
483,226,068
Recovered
Updated on May 22, 2022 7:48 pm
All countries
6,300,147
Deaths
Updated on May 22, 2022 7:48 pm

Support Corruption-Free

Supporting Corruption-Free isn’t a transaction for an online service. Our Community is for people like you who care about a common good: ensuring that balanced, independent coverage of Nigeria and the world continues to be available to millions across the world, for free.

Internet Fraud: Nigerian CBN Introduces New Security Strategy

Future of Chelsea FC Uncertain As Abramovich Is Urged To Sell Club

UK has yet to decide whether to sanction the Russian billionaire, who has failed to condemn Moscow since the Ukraine invasion and is said to have ‘privileged access’ to Putin

German Envoy to Israel: Putin’s Nazi Accusations ‘Abhorrent’

Ambassador Susanne Wasum-Rainer decries Russian leader’s ‘distortion of the Holocaust’; says chancellor’s visit amid global crisis shows strength of Israel-Germany ties

Footage shows Israeli’s car coming under Ukrainian fire in deadly mistaken identity

Report says Roman Brodsky now believed to have been killed by Ukrainian civilian defense militia; ‘How can you shoot without checking? Animals!’ exclaims his partner

Canadian Telcos Waive Long Distance Connection Fees To Ukraine

Canada’s major telecommunication providers have all waived long-distance fees for connections to Ukraine, to allow Canadians to stay in touch with friends...

PASTOR ADEBOYE’S HUMILITY NOT ALTERED BY HIS MANY ACHIEVEMENTS – VP OSINBAJO

As Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG) clocks 80, a unique lesson for all...

The Central Bank of Nigeria (CBN) says it is developing a Risk Based Cyber Security Framework for banks and payment service providers to combat internet fraud in the country.

The Central Bank Governor, Mr Godwin Emefiele, said this on Thursday in Abuja at the 2018 Nigeria-JP Morgan Chase Cyber Security Conference.

Emefiele, who was represented by the Deputy-Governor, Financial System Stability, Mrs Aisha Ahmad, said the framework would ensure appropriate cyber security of data in Nigeria’s banking system.

“Technology has transformed the way we learn, communicate, deliver services, conduct financial transactions and even experience entertainment.

“However, these new conveniences of modern technology have ushered in complex security challenges and cybercrime.

“These range from identity and intellectual property theft, phishing, email spamming, virus dissemination to sophisticated hacking and theft by digital crime syndicates.

“A recent study by the IMF estimated global annual losses from cyber-attacks to be close to nine per cent of banks’ net income or around 100 billion dollars,” he said.

Emefiele reiterated the CBN’s commitment to strengthening the regulatory and supervisory framework for cyber risk in the country.

Mr John Ayoh, the Director, Information and Communication Technology Department in CBN, said that the CBN had a strong cyber-security model in place to protect its systems against attacks.

He said the CBN had improved its technology expertise to ensure that computers and other devices used by its staff could not be easily hacked.

In addition, he said that the payment system, particularly the Society for Worldwide Interbank Financial Telecommunication, had also been reviewed to ensure security of the financial system.

Mr Folashodun Shonubi, the Managing Director of Nigeria Inter-Bank Settlement System (NIBSS), assured Nigerians of the safety of the electronic payment system in Nigeria.

“Looking at the likelihood of fraud, it is actually lower if you use electronic means for transactions and payments.

“lmagine you are in a bus and someone took your wallet, it’s almost impossible to identify the culprit.

“However, if it’s your ATM card, every transaction made with the card can be traced which can lead to the arrest of the culprit,” he said.

According to the 2017 Nigeria Cyber Security Report, the country was losing about N127 billion yearly due to cybercrimes.

Hot Topics

Future of Chelsea FC Uncertain As Abramovich Is Urged To Sell Club

UK has yet to decide whether to sanction the Russian billionaire, who has failed to condemn Moscow since the Ukraine invasion and is said to have ‘privileged access’ to Putin

German Envoy to Israel: Putin’s Nazi Accusations ‘Abhorrent’

Ambassador Susanne Wasum-Rainer decries Russian leader’s ‘distortion of the Holocaust’; says chancellor’s visit amid global crisis shows strength of Israel-Germany ties

Footage shows Israeli’s car coming under Ukrainian fire in deadly mistaken identity

Report says Roman Brodsky now believed to have been killed by Ukrainian civilian defense militia; ‘How can you shoot without checking? Animals!’ exclaims his partner

Related Articles

Future of Chelsea FC Uncertain As Abramovich Is Urged To Sell Club

UK has yet to decide whether to sanction the Russian billionaire, who has failed to condemn Moscow since the Ukraine invasion and is said to have ‘privileged access’ to Putin

German Envoy to Israel: Putin’s Nazi Accusations ‘Abhorrent’

Ambassador Susanne Wasum-Rainer decries Russian leader’s ‘distortion of the Holocaust’; says chancellor’s visit amid global crisis shows strength of Israel-Germany ties

Footage shows Israeli’s car coming under Ukrainian fire in deadly mistaken identity

Report says Roman Brodsky now believed to have been killed by Ukrainian civilian defense militia; ‘How can you shoot without checking? Animals!’ exclaims his partner