419HAMMER

There are people who have vowed never to have anything to do with electronic payment again, no matter the preaching about the benefits. They are bank customers who have fallen victim to electronic payment fraud or e-fraud, and lost huge sums of money in the process. Their bitterness is aggravated by the callous manner some banks usually respond to their plight. “Oh you must have compromised your PIN (personal identification number) by giving it to somebody or by allowing somebody to access it”, these banks tell such people. It is not peculiar to Nigeria, e-fraud popularly known as ATM fraud is a global phenomenon. The amount lost to this fraud by customers and electronic payment services run into billions of dollars. The first step to successful perpetration of this kind of fraud is to have access to the information of the customer, including the PIN, account number etc. The information is then used to produce a duplicate ATM card of the customer which is then used to access and...

Like in real life,your wallet must be secured.Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time,Bitcoin can provide very high levels of security if used correctly. Here are 10 ways of protecting and securing your virtual wallet from cyber criminals. 1.Be careful with online services You should be wary of any service designed to store your money online.many exchanges and online wallets suffered from security breaches in the past and such services generally still do not provide enough insurance and security to be used and store money like a bank.Accordingly,you might want to use other types of Bitcoin wallets.Otherwise,you should choose such services very carefully.Additionally,using two-factor authentication is recommended. 2.Small amounts for everyday uses A Bitcoin wallet is like a wallet with cash.if you wouldn't ke...

With current attempts by fraudsters to access people's bank accounts through text messages,emails,phone calls etc.it is important we are armed with the knowledge of the different ways our bank accounts can be hacked by these fraudsters. This will help us better discern their gimmicks, avoid their traps and keep our money safe. Below are 6 ways your bank account can be hacked,as revealed by  jumia travel 1.TRUSTING SUSPICIOUS EMAILS In 2015,Babatunde Fatai,a young man arrested by the Oyo State Police command for various internet crimes including hacking into bank accounts of people in and outside Nigeria, revealed that to hack into bank accounts he would either go to dating sites to woo men and women into trusting him with their account details,or he would send fake emails to bank customers asking them to change their accounts and bank security details.Fatai will then use their old security details to access their accounts and transfer their money to his online lovers,for the...