Nigerian Banks Warn Customers of New Hacking Methods as Scammers Steal N10bn

Nigerian banks issued warnings to customers about two new hacking methods used by scammers to steal an estimated N10 billion. Fraudsters are deploying fake calls, texts, emails, and social media to deceive unsuspecting victims into revealing sensitive information.

Banks like Wema Bank, Ecobank, and First Bank urged customers to stay vigilant and avoid clicking on suspicious links or sharing personal details. The Federal High Court in Abuja ordered the freezing of 818 bank accounts suspected of involvement in a cyberattack that led to the loss of N10 billion.

The warnings highlight the ongoing threat of cyber fraud and the importance of safeguarding personal banking information.