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Hackers hit bank ATMs in Lagos

07 April 2015, 14:15

Lagos - A large number of Automated Teller Machines located in some posh areas of Lagos like Victoria Island, Lekki Peninsula Phase I and II, and Ikoyi have been attacked by hackers and electronic fraudsters, Punch reports.

The hackers are said to be fixing small fraud tools on the ATMs in order to harvest the passwords of cardholders who come to collect cash or do some other transactions on the machines.

Also read: ATMs may soon be vulnerable to cyber attacks

Top bank officials privy to the development said a number of banks had deployed detectives to monitor their ATMs in those locations, especially in the Victoria Island and Lekki axis.

The Vice-Chairman, Committee of e-Banking Industry Heads, Dele Adeyinka, confirmed the fraudsters’ activities.

He, however, said that following the banks’ compliance with the CBN directive asking them to install anti-skimming devices on their ATMs, it would be difficult for the fraudsters’ devices to work.

Read more at Punch

- News 24

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