Nigerian Banks Warn Against Public Wi-Fi for Transactions Amid Festive Cyber Threats

Nigerian banks issue warnings to customers against conducting financial transactions over public Wi-Fi networks, citing a surge in cybercrime attempts during the festive season. Fraudsters target unsecured internet connections in public places to gain access to bank accounts.

The Nigerian Inter-Bank Settlement System (NIBSS) reports significant annual losses to digital payment fraud, emphasizing the importance of cybersecurity measures for customers.