Since the coronavirus pandemic began a few months back, fraudulent acts have spread like wildfire. There have been widespread reports of people who have either received an email, text message, or a phone call from scammers disguised as government officials. They claim to have been sent by the government to distribute COVID-19 relief funds and as such, request for the Bank Verification Number (BVN), OTP, PIN, and other personal bank details from unsuspecting people.
In a bid to protect account holders from the looming scam, the biggest retail bank in Africa, Access Bank, who has been at the forefront of the fight against fraud has swung into action, debunking such emails and claims and educating individuals on how to safeguard their accounts from any security breach.
The bank took to social media and other platforms to give insights on the scandalous activities of fraudsters. In order to stay safe at this time, Access bank has urged customers to do the following: Use strong passwords, not share their card number, password, PIN, BVN, OTP with anyone, be careful about using unsecured wifi connections, only use reputable websites when making purchases, check their account and bank statement regularly to ensure there are no unusual activities on it. For those who have lost their phones, they can following the following steps to keep their accounts secure:
- Dial *901*911# from any phone
- Input the registered phone number on the account to be blacklisted
- USSD profile will be deactivated and blacklisted automatically
There is a high level of ease with online financial transactions but that ease is also accompanied by a high level of risk. When these measures are followed judiciously, it reduces the risk of being a victim of identity theft and will help one notice instantly if suspicious actions occur.
Access Bank is also encouraging customers to record fraudulent phone conversations and send them to [email protected] in order for them to expose the scam patterns of these fraudsters. Remember that Access Bank will never ask for your confidential account details. Call the bank on 01-2712005 or mail [email protected] to report any suspected scam.
HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR
NNPC generates $4.60bn revenue from 19.104bn litres of crude oil, gas export in one year
The Nigerian National Oil Organization (NNPC), on Sunday, said it made a sum of $4.60billion from raw petroleum and gas sent out between June 2019 and 2020.
The shape of disruption in the retail space: how it works, how to respond to it, and why it matters
You won’t find too many jokes about ‘digital transformation’. It’s a serious business. And if you ask who is doing it, every corporate will raise their hands – but there’s little agreement around exactly what it is, the implications for the organisation, how to go about it. RMB’s recent retail client webinar, featuring Wits’ Prof Brian Armstrong, provided strong direction.
Nigeria’s GDP Shrinks by 6.10% in Q2 2020 – NBS
Nigeria’s Gross Domestic Product (GDP) decreased by -6.10% year-on-year) in real terms in the second quarter of 2020, ending the 3-year trend of low but positive real growth rates recorded since the 2016/17 recession.
Market Cap of the World`s Five Largest Automobile Manufacturers Plunged by $63bn in 2020
The COVID-19 pandemic has had a severe impact on the global automotive industry, causing supply chain disruptions and factory closures. All of this placed intense pressure on the market already coping with a downshift in global demand.
Digital Ticketing Sales to Grow 150% by 2022, as Passengers Return to Travel
Hampshire, UK – 24th August 2020: A new study from Juniper Research has found that digital ticketing transaction volumes will exceed pre-COVID levels by 2022; rising from 12.7 billion in 2020 to 32 billion in 2022. It anticipates that continued easing of global travel restrictions will drive increased demand for mobile ticketing in the rail, metro and bus sectors, as commuters return to work.
IITA empowers Ogoni youth on agribusiness for sustainable livelihoods
The Federal Government of Nigeria, through the Ministry of Environment in partnership with IITA, under the Hydrocarbon Pollution Remediation Project (HYPREP), commissioned a cassava processing factory in Korokoro Community, Tai Local Government Area of Rivers State.
74% of organizations reported moderate to significant impact to their employees due to the pandemic
