2015 Annual Report of Nigeria Electronic Fraud Forum

Proshare

Wednesday, July 27, 2016 11.15AM / Central Bank of Nigeria

The year 2015 has been very eventful in the Nigerian e-Fraud Forum (NeFF) journey; the Central Bank of Nigeria (CBN) has continued to show leadership in driving NeFF – where Payments Industry stakeholders meet to share experiences on fraud and mitigating factors.

This sharing of cyber security intelligence in the financial sector has grown in 2015 and has served as a model for other similar initiatives, not just in Nigeria, but also beyond our geographical entity.

A clear example of what is now known as; “The NeFF Story” is the documented reduction by 46% in attempted fraud while witnessing a 63% reduction in actual losses from 2014 e-fraud figures. These reductions show that fraud was better curbed, and more effective measures were taken to combat fraudsters in 2015.

There is no doubt that in reviewing the performance of NeFF for 2015, the Forum has succeeded in raising the bar of how the unending battle to secure the cyber-space is prosecuted. The landscape for combating e-fraud in Nigeria has changed forever and I am glad that NeFF is driving this change.

The 2015 Annual Report of the Forum has been named; “NeFF: Improving and Securing the Cyber-Environment”. This shows the importance the Forum accords to improving on cooperation among stakeholders, intelligence sharing and awareness of all consumers of eproducts of the threats inherent in embracing advanced payment technologies.

I believe that this report like its forebears, will further shape our collective will in restraining cyber-criminals and creating an even safer payments system, which will impact the growth and development of the Nigerian economy. I therefore commend the report for reading and re-affirm the support of the Central Bank of Nigeria in prosecuting the objectives of NeFF.

Click Here to Download Full Report

Related News

1.       Supreme Court Rules Proof of Demand Essential for Bribery Convictions in India

2.      ExxonMobil Under Investigation Over Lucrative Nigerian Oil Deal

3.      The State of Law and Practice - Freezing of Fayose's Zenith Bank Accounts

4.      How Japan's SEC Surveillance Commission tracks Insider Trading

5.      SEC Investigates Complaints of Chief Opral Benson and Ngozi Nwachuku against WT Securities Ltd

6.      Looting Nigeria: FGN releases Interim Report on Financial, Assets Recovery

7.      BGL Reacts to SEC’s Decision and Landmark Sanxtions

8.     White Collar Crime: Compliance Challenges in Emerging Markets

9.      Tax Havens ‘serve no useful economic purpose’- 300 Leading Economists write

10.  CBN Issues Caution over Fraudulent SMS on ATM Cards

11.   FBNH Issues Notification of Invitation of FirstBank ED by the EFCC

12.  Statement by President Buhari at the London Anti-Corruption Summit

13.  Tackling Corruption Together – The Nigerian Experience

14.  Nigerian Banks, EFCC and Place of CBN in Corruption Investigations

15.   Is Nigeria’s Criminal Justice Administration Act Still Working?

16.  ACCESS Issues Release Over EFCC’s Investigation

17.   Sterling Bank Issues Update on EFCC's Visit to the Bank

18.  The Panama Papers and Data linked to Nigeria

19.  Nigeria’s Central Bank affirms support for on-going investigations of banking transactions

 

Related News
Proshare is Nigeria’s Premier Financial, Business and Economic Information Hub (since 2006)
Registered Office: Plot 590B, Lekan Asuni Close, Omole Phase II, Isheri LGA, P.O. Box 18782, Ikeja, Lagos, Nigeria. Telephone: 0700 PROSHARE (070077674273)
Some of our Trademarks are: WebTV, TheAnalyst, Proshare, Personal Finance, The Nigerian Capital Market Reports, Money Africa, The Nigerian Investor, Making Money in the Nigerian Capital Market, Investor Relations Service, Proshare Investment Clubs, Evaluating your Financial Health, Becoming your own Stock Analyst
Proshare - Facebook Proshare - Twitter
SCROLL TO TOP