Nigerian Communications Commission (NCC) said it has intensified its onslaught against the threat posed by cybercriminals across the country. It said one of its strategies was the composition of the Industry Working Group (IWG) which brainstorms on ways to wage the war. Engr. Ubale Maska, executive commissioner, Technical Services, NCC, who spoke during the second Workshop of IWG on electronic banking fraud at the Digital Bridge Institute (DBI) Kano, lamented the staggering level of fraud in the industry. During his presentation titled: Electronic Banking Fraud in Nigeria: Challenges and Way Forward”, a Deputy Director at the NCC, Engr. Bako Wakil, said it became necessary to intensify the campaign following the visit by the Deputy Governor of the CBN to management of the NCC to discuss the prevalence of banking fraud using telecoms infrastructure. This was necessitated, after petitions by deposit money banks to the apex bank complaining about the sophistication of the methods empl...
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