Banks lose Millions to E-Fraudsters Using Cloned Nigerian ATM Cards Abroad 

Some Nigerians that are currently shopping abroad this summers are using cloned ATM cards owned by unsuspecting bank customers in Nigerian.
Facts emerged on Tuesday that electronic fraudsters had been duplicating Automated Teller Machine (ATM) cards belonging to Nigerian bank customers and using them to buy items worth millions of dollars from shopping malls in the United States.
Reports said that top officials of the Central Bank of Nigeria (CBN) said that the development had made Nigerian banks and their customers to be losing millions of naira to the e-fraud.
Source: Punch

Leave a Reply

Your email address will not be published. Required fields are marked *