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Banking Sector Fraud Largely Insider Perpetrated – EFCC
['African Examiner']
Banking & Finance | African Examiner
Banking Sector Fraud Largely Insider Perpetrated – EFCC(AFRICAN EXAMINER) – EFCC has declared that banking sector fraud is largely perpetrated by insider Information, Communication Technology (ICT) employees.
Mr Abbah Sambo, Head, Cybercrime Section of the EFCC, made the disclosure at a national seminar on Banking and Allied Matters for judges.
He said that most banking sector fraud handled by the commission indicates that bank employees aided the acts.
He also expressed regret at the increasing rate of cybercrime in spite of the best efforts by the commission to tackle it.
Sambo said that the greatest challenge in fighting cybercrime was knowledge gap, noting that the criminals were getting more sophisticated.
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