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| Finance Minster, Mrs. Kemi Adeosun |
The Visa Inc, Central Bank of Nigeria, CBN, Unified Payments and Global Accelerex are set to tackle and address the N2.19bn annual loss to cases of electronic-fraud across Nigeria.
According to a statement on Sunday stated that strategies to reduce the incidence would be discussed by experts and stakeholders at the eighth edition of the Annual Payment Systems and Fraud Conference organised by the Electronic Payment Providers Association of Nigeria.
The statement disclosed that a NeFF report had indicated that Nigerian economy was losing N2.19bn to e-fraud annually and the activities of perpetrators increased by 82 per cent between 2015 and 2016.
The e-PPAN’s e-fraud conference would focus on the theme ‘Leveraging Big Data Analytics in Combating Payment Fraud.
Speaking on the importance of the conference, the Executive Secretary and Chief Executive Officer, Mrs Regha Onajite, said cybe attack trends around the world showed that organisations were vulnerable to attacks because of how swift fraudsters took advantage of any loophole in the system.
She added that winning the fight against fraud required the collaboration of all stakeholders.
“This is why the 2017 conference objectives are to come up with new and proactive ways of fighting fraud using data analytics in an industry collaborative approach to manage and prevent electronic fraud. The conference will push for more collaboration between the industry and law enforcement to combat crime epidemic,” she said.
The statement said the list of speakers already confirmed for the event comprised the Commissioner of Police, Special Fraud Unit, Mr. Ibrahim Lamorde; the Chairman, Board of Trustees, e-PPAN, Mr. Tunde Lemo; the Chairman, Global Council, Global Banking Education Standards Board, Dr. Segun Aina; and the Deputy Governor, Operations, CBN, Mr. Adebayo Adelabu.
Others are the Director of Banking and Payment Systems Department at the CBN, Mr. Dipo Fatokun; the Country Managing Director, Accenture Nigeria, Mr. Niyi Yusuf; and Country Director, VISA Inc, Kemi Okusanya.
Other industry stakeholders expected at the one-day e-fraud forum, according to her, include Yomi Ibosiola of Data Analytics of Deloitte; the Executive Director, Technology & Operations, Nigerian Interbank Settlements System, Christael Onyejekwe; the Head, Cybercrime Prosecution Unit, Federal Ministry of Justice, George-Maria Tyendezwa; and the Principal Detective Superintendent, Economic and Financial Commission, Abdulkarim Chukkol.
According to a statement on Sunday stated that strategies to reduce the incidence would be discussed by experts and stakeholders at the eighth edition of the Annual Payment Systems and Fraud Conference organised by the Electronic Payment Providers Association of Nigeria.
The statement disclosed that a NeFF report had indicated that Nigerian economy was losing N2.19bn to e-fraud annually and the activities of perpetrators increased by 82 per cent between 2015 and 2016.
The e-PPAN’s e-fraud conference would focus on the theme ‘Leveraging Big Data Analytics in Combating Payment Fraud.
Speaking on the importance of the conference, the Executive Secretary and Chief Executive Officer, Mrs Regha Onajite, said cybe attack trends around the world showed that organisations were vulnerable to attacks because of how swift fraudsters took advantage of any loophole in the system.
She added that winning the fight against fraud required the collaboration of all stakeholders.
“This is why the 2017 conference objectives are to come up with new and proactive ways of fighting fraud using data analytics in an industry collaborative approach to manage and prevent electronic fraud. The conference will push for more collaboration between the industry and law enforcement to combat crime epidemic,” she said.
The statement said the list of speakers already confirmed for the event comprised the Commissioner of Police, Special Fraud Unit, Mr. Ibrahim Lamorde; the Chairman, Board of Trustees, e-PPAN, Mr. Tunde Lemo; the Chairman, Global Council, Global Banking Education Standards Board, Dr. Segun Aina; and the Deputy Governor, Operations, CBN, Mr. Adebayo Adelabu.
Others are the Director of Banking and Payment Systems Department at the CBN, Mr. Dipo Fatokun; the Country Managing Director, Accenture Nigeria, Mr. Niyi Yusuf; and Country Director, VISA Inc, Kemi Okusanya.
Other industry stakeholders expected at the one-day e-fraud forum, according to her, include Yomi Ibosiola of Data Analytics of Deloitte; the Executive Director, Technology & Operations, Nigerian Interbank Settlements System, Christael Onyejekwe; the Head, Cybercrime Prosecution Unit, Federal Ministry of Justice, George-Maria Tyendezwa; and the Principal Detective Superintendent, Economic and Financial Commission, Abdulkarim Chukkol.
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