Category: I.T.

BANKS LOST 2.2 BIL TO ELECTRONIC FRAUD IN 2016

The Central Bank of Nigeria (CBN) has said the Nigeria InterBank Settlement System (NIBSS) recorded over 1,200 per cent increase in  reported fraud cases in 2016, estimated at N2.19 billion when compared to 2014 cases. According to ‘Dipo Fatokun, CBN’s Director, Banking and Payments System Department and Chairman, Nigeria Electronic […]

OVER 3BIL DOLLARS LOST TO NIGERIAN HACKERS AND CYBER-CRIMINALS OPERATING ALL OVER THE WORLD SAYS FBI

Nigerian hackers and cyber criminals are being accused of masterminding a grand theft of information and money running into billions of dollars, worldwide. According to experts, the Nigerians are able to carry out the heist by sending phishing emails to commercial organizations and industrial enterprises, which they later steal dry. […]

FUTA LAUNCHES ITS SATELLITE IN THE US TODAY

Folashade Adebayo The Federal University of Technology, Akure, will today launch a CubeSat, with the code name NigeriaEdusat-1, into space from the Kennedy Space Centre in Florida, United States. The Nigerian Cubesat, is a component of the Birds 1 satellites, comprising of four other CubeSats belonging to Japan, Ghana, Mongolia […]