September DojahDigest | Latest fraud schemes targeting the payments ecosystem | Monitor up to 10,000 transactions monthly for free with EasyDetect
Hey Digester,
Q4 is here and buzzing!! We closed out the last quarter with a couple of news and updates for you:?
Popular Articles
Click on any of the images below to catch up on the most-read articles from Dojah's blog this month.
NIMC Unveils Self-service NIN Registration App ?
The NIMC has launched a self-service solution that allows Nigerians to easily register for the NIN from the comfort of their phones. During the launch of the platform, the NIMC boss, Abisoye Coker-Odusote, stated that "we must be inclusive, leaving no one behind as we endeavor to provide identity solutions for all.”
Users’ Cybersecurity Knowledge Gap Gives Fraudsters the Advantage
A recent study of over 2,350 across more than 90 countries revealed fraudsters are exploiting a huge gap in people's cybersecurity knowledge. The survey showed that people are struggling to keep in pace with the massive changes occurring in relation to managing one's identity. This is troubling, particularly with the recent AI advancements and what they could mean for the future of cybersecurity.
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Latest Fraud Schemes Targeting the Payments Ecosystem
The digital payments ecosytem is continually evolving. Sadly, fraud is also evolving at a similar or sometimes faster pace. March 2023 had more ransomware attacks than February, 460 attacks against 242 attacks, which is a 91% increase. There has also been a surge in retail fraud like fake merchants, flash-fraud scams, and free gift scams. Thankfully, brands like Visa are helping to block these activities.
The Crucial Role of ID Verification in the Digital Economy
As businesses moved online during the pandemic, identity verification played a crucial role in helping businesses verify identities and prevent fraud. It is an integral part of the digital economy, allowing businesses and users to safely connect and transact. However, there are concerns about the exclusion of people without digital tools who are unable to verify their IDs online. This means it is important for the digital economy to be both secure and inclusive.
Other things we're Digesting
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Digestible Fact For The Month???
While diamonds are commonly known to be the strongest materials available, there are actually 6 other materials that are stronger than diamonds, with the strongest being Graphene, which has held the No. 1 spot since its discovery in 2010.
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