CBN says no ‘Yahoo Boy’ can Hack The e-Naira, Bank Makes the Security Tougher Against Fraudsters

The new e-Naira is safe and secure against hackers like Yahoo Yahoo boys and other cybercriminals who might want to exploit any vulnerability CBN says it has added extra security layers on the e-Naira to ensure that no one hacks it and steals anybody's money 12 digits password recently added to the e-Naira ensures that users protect their money from fraudsters and other unscrupulous elements.

Nigeria's Central Bank (CBN) has strengthened security around the country's digital currency, the e-Naira, and says that the latest invention by the apex bank is hack-proof.

According to the director of corporate communication of the apex bank, Osita Nwanisobi, steps have been taken to secure the recently launched digital currency from cybercriminals

The spokesperson of the bank said the e-Naira will handle challenges in the financial institution, cross-border problems, taxation and diaspora remittance relationships. Nwanisobi said a tougher stand has been taken against hackers who might target the e-Naira and protect the financial industry.

The new measures will make it very hard for any cybercriminal to break or penetrate customers’ accounts.

It is no longer easy for cybercriminals to be allowed to have a field day and smile home with people’s sweat, Nwanisobi said.

The e-Naira vs the physical Naira

According to Nwanisobi the e-Naira is the digital version of the physical Naira, the only difference being that, while one is physical, the other one is virtual. According to him, there is cash payment, electronic payment and now digital payments, all aimed at reducing hardship faced by bank customers at the point of transactions with their bank or other banks, he said.

According to a Nairametrics report, Nwanisobi said the good thing about the e-Naira is that it is instant, immediate, and the cost is very minimal as well. "That is why when we are talking of the e-Naira, we say it’s the same Naira with possessing power and possibilities,” Nwanisobi said. He said the CBN has increased the number of password digits to 12 in order to secure the e-Naira. In a separate event, the CBN had said that users can secure their e-naira through proof of ownership by keeping them in a bank account that has CBDC tokens. It will be maintained in an account, the distributor's account which the bank will validate including the user's identity before creating an account.

These KYC standards are in place to prevent money laundering, terrorism financing, and other financial crimes.

In a previous report, Legit.ng had reported that the Central Bank of Nigeria (CBN) has urged all Nigerians to use the eNaria, claiming it is more secure than cryptocurrencies. This was disclosed by CBN spokesman, Nnamdi Okwuosa at the CBN Fair, with the theme, ‘Promoting financial stability and economic development.




 https://www.legit.ng/business-economy/money/1446089-cbn-yahoo-boy-hack-the-e-naira-bank-makes-security-tougher-against-fraudsters/

⭕

CBN should put down money and let see if boys won't crack the platform.

If Mtn wan kill this E-naira stuff na one click

Jokers..

Perfecttouch:
Jokers..

Simdyofficial:
If Mtn wan kill this E-naira stuff na one click

madridguy:


CBN should put down money and let see if boys won't crack the platform.

Have u ever heard CBN being hacked? I mean in reality not usual media rumours.

Don't ever undermine the power of CBN internet security. What CBN said is very true.

It just a matter of time

I am sure the boys are studying the scheme. For now it has no value. When the value grows to a level where it draws their attention, CBN can put up such an offer.

Some people Sha.. No one can hack this una enaira.. Na people hack Facebook, Instagram oo.. No worry Na some time I give u, u go retract ur statement.

ArewaNorth:






Have u ever heard CBN being hacked? I mean in reality not usual media rumours.

Don't ever undermine the power of CBN internet security. What CBN said is very true.

They are based on intergrity so even if u hack them they would never say it

People hack Nigerian banks regularly but never would any bank come out to say they hacked them

They hack crypto exchanges with dedicated security team that are motivated to work

Na corruption infested CBN na him them no go back ?

$1 million dollars na CBN governor PA go even put the hard drive in place to hack am

ArewaNorth:






Have u ever heard CBN being hacked? I mean in reality not usual media rumours.

Don't ever undermine the power of CBN internet security. What CBN said is very true.

son of head slamming Mohammed the rapist. Why did you quote me Did you know why I talked about Mtn finishing e-naira Go and sleep

Slowmirrr
Over to you

Simdyofficial:
son of head slamming Mohammed the rapist. Why did you quote me Did you know why I talked about Mtn finishing e-naira Go and sleep

This statement describes the teachings of ur faith and ur moral upbringings.

However, Islam mentions blasphemy (sabb) in Q6:108. The verse calls on Muslims to not blaspheme against deities of other religions', lest people of that religion retaliate by blaspheming against Allah.
And do not insult (wa la tasubbu) those they invoke other than Allah, lest they insult (fa-yasubbu) Allah in enmity without knowledge. Thus We have made pleasing to every community their deeds. Then to their Lord is their return, and He will inform them about what they used to do.
— Qur'an 6:108

That is why Muslims can never make blasphemous statement against Jesus (PBUH), Christians or people of any other faith.

mrvitalis:

They are based on intergrity so even if u hack them they would never say it

People hack Nigerian banks regularly but never would any bank come out to say they hacked them

They hack crypto exchanges with dedicated security team that are motivated to work

Na corruption infested CBN na him them no go back ?

$1 million dollars na CBN governor PA go even put the hard drive in place to hack am

Ignorance is a big disease!

CalabarPikin:
CBN says no ‘Yahoo Boy’ can Hack The e-Naira, Bank Makes the Security Tougher Against Fraudsters

The new e-Naira is safe and secure against hackers like Yahoo Yahoo boys and other cybercriminals who might want to exploit any vulnerability CBN says it has added extra security layers on the e-Naira to ensure that no one hacks it and steals anybody's money 12 digits password recently added to the e-Naira ensures that users protect their money from fraudsters and other unscrupulous elements.

Nigeria's Central Bank (CBN) has strengthened security around the country's digital currency, the e-Naira, and says that the latest invention by the apex bank is hack-proof.

According to the director of corporate communication of the apex bank, Osita Nwanisobi, steps have been taken to secure the recently launched digital currency from cybercriminals

The spokesperson of the bank said the e-Naira will handle challenges in the financial institution, cross-border problems, taxation and diaspora remittance relationships. Nwanisobi said a tougher stand has been taken against hackers who might target the e-Naira and protect the financial industry.

The new measures will make it very hard for any cybercriminal to break or penetrate customers’ accounts.

It is no longer easy for cybercriminals to be allowed to have a field day and smile home with people’s sweat, Nwanisobi said.

The e-Naira vs the physical Naira

According to Nwanisobi the e-Naira is the digital version of the physical Naira, the only difference being that, while one is physical, the other one is virtual. According to him, there is cash payment, electronic payment and now digital payments, all aimed at reducing hardship faced by bank customers at the point of transactions with their bank or other banks, he said.

According to a Nairametrics report, Nwanisobi said the good thing about the e-Naira is that it is instant, immediate, and the cost is very minimal as well. "That is why when we are talking of the e-Naira, we say it’s the same Naira with possessing power and possibilities,” Nwanisobi said. He said the CBN has increased the number of password digits to 12 in order to secure the e-Naira. In a separate event, the CBN had said that users can secure their e-naira through proof of ownership by keeping them in a bank account that has CBDC tokens. It will be maintained in an account, the distributor's account which the bank will validate including the user's identity before creating an account.

These KYC standards are in place to prevent money laundering, terrorism financing, and other financial crimes.

In a previous report, Legit.ng had reported that the Central Bank of Nigeria (CBN) has urged all Nigerians to use the eNaria, claiming it is more secure than cryptocurrencies. This was disclosed by CBN spokesman, Nnamdi Okwuosa at the CBN Fair, with the theme, ‘Promoting financial stability and economic development.




 https://www.legit.ng/business-economy/money/1446089-cbn-yahoo-boy-hack-the-e-naira-bank-makes-security-tougher-against-fraudsters/

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