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Nigerian police have recently arrested several bank customers connected to fraudulent activities on Flutterwave’s platform and are planning to apprehend 601 additional suspects believed to have received proceeds from a previous security breach. According to court documents obtained by People’s Gazette, these individuals are linked to transactions involving multiple banks,…

The National Information Technology Development Agency (NITDA) has raised alarms about a new banking malware, Grandoreiro, that poses a significant threat to African financial institutions and their customers. Originating in Latin America, this sophisticated malware employs phishing techniques to infiltrate banking systems and compromise sensitive user information. Grandoreiro operates by…

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