Archive for internet banking
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E-commerce in Nigeria: We’re back to the stone age!
In December 2007, I was sharing my frustration about GT Bank Nigeria in a blog post titled: Woes of a Nigerian Internet Banking Customer. Till date, things have virtually remained the same - 3rd party funds transfer using the Internet Banking facility offered by GT Bank is still restricted. Well, things have just got even [...]
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How to reduce Internet Banking Fraud
Two days ago, I did a blog post titled “Woes of a Nigerian Internet Banking Customer” with a promise to do a follow-up post, offering suggestions. Well, this is it.
First, it is defeatist for a bank to cancel online funds transfer when it is possible to minimize the effect of fraud. I would start with [...]
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Woes of a Nigerian Internet Banking Customer
Scam emails have been circulating the Internet for sometime now, attempting to trick people into entering their bank account login details into a fake version of their financial institution’s website. This criminal activity is known in Internet security circles as Phishing. To drive-home the point, I am quoting Wikipedia’s accurate description of Phishing:
In computing, phishing [...]
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