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How not to Fall victim to Online Fraud

The numerous benefits that come with the internet cannot be overemphasized. Not only has it made communication better, but it has also improved our lives as a whole. However, like most things in life, it is not perfect and has its downsides too, one of which is Internet Fraud.

Every year, millions of consumers fall victim to cybercrime. According to reports, N15.5 billion was lost to bank fraud in 2018, and about 60% of the fraud was perpetrated online owing to available internet-based and tech-rated banking services.

The numbers keep increasing daily, so now more than ever, it is important to do all you can to protect yourself from online fraud. 

Here are 5 tips to help.

Keep your computers and mobile devices up to date

With the latest security software, web browser, and operating system, your devices have best defenses against viruses, malware, and other online threats. Always turn on automatic updates so you receive the newest fixes as soon as they are available.

Beware of Phishing Scams

Phishing emails are sent to trick you into sharing your personal, financial or security information. Never click on links or open any attachments or pop-up screens from sources you are not familiar with.

Keep Personal information Personal

Lockdown your privacy settings on your social media profiles and avoid posting things like birthdays, addresses, mother’s maiden name, etc.  Hackers can use social media profiles to figure out your passwords and answer those security questions in the password reset tools. 

Shop Safely

When shopping online, ensure that the website uses secure technology. Verify that the web address begins with HTTPS, also check for a tiny locked padlock on the page. It’s also important to use a secure connection, so choose a trusted mobile network instead of public Wi-Fi.

Stay Alert and Act Fast 

Stay alert and skeptical of people unexpectedly contacting you by email or phone and asking about personal information. And if you think you have been a victim of an online scam, act right away by contacting your bank and other relevant institutions.

Extra tip: Placing your extra funds in any of our safe and highly rewarding Investment plans is one way to ensure that you don’t have spare cash lying around for scammers to access. Your funds are safe and you get rewarding interests, a win on both sides! Visit to know more about our Investment plans.

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