Ecobank Alerts Customers on Sim Card Fraud Increase

Ecobank has once again, raised alarm on the dangers of SIM swap fraud, stressing that that fraudsters could use it to impersonate them. In a message to customers via email, the bank explained that SIM swap fraud occurs when scammers use your phone number to access your accounts.

According to the bank, “scammers impersonate you and trick your mobile phone’s carrier into activating a SIM card, which gives them control over your phone number. It means scammers could potentially enter your username and password when logging onto your online banking platform and then receive the SMS verification code to access your account.

“Protect yourself against SIM swaps, don’t share personal information that fraudsters could use to impersonate you (such as your mother’s maiden name or birthplace) on social media. Never reveal your logins and passwords for your mobile phone, online bank, or credit card accounts to anyone. Please always report any suspicious activity.”

Further, the Pan-African bank reminded the customers that the bank will not ask them to provide their personal or financial information, stressing that when they receive an email that includes a link to a website, they should ensure that the website is legitimate before visiting the site.

Ecobank further, urged customers not to respond to emails, SMS and unsolicited calls from people they don’t know asking for your personal or banking information.

Hot this week

Is the Era of the POS Operator Coming to an End?

By Elvis Eromosele Step outside your home in Lagos, Kano,...

‘NGX Stands Ready to Teach Corp Members the Rudiments of Investment, Entrepreneurship’

It gives me great pleasure to welcome Brigadier Olakunle...

NGX Extols Partnership with Pearl Awards

I am delighted to participate in the 2026 edition...

African Insurance Leaders Highlight Urgent Need for Regulatory Innovation and Digital Distribution at AIO Panel

Industry leaders at the 52nd African Insurance Organisation (AIO)...

NAICOM Appoints ERNST & YOUNG as Consulting Actuary for Risk-Based Capital Framework

The National Insurance Commission (NAICOM) has appointed global professional...

Topics

Brussels Attack: European Nations Tighten Airport Security

In response to terror attacks that have shaken the...

Heirs Insurance Announces Senior Leadership Appointments, Corporate Name Change

  L-R: Japhet Duru, ED, Technical, Heirs General Insurance; Niyi...

N1bn Debt: Nigerian Braiding Firm to Continue Operations– AMCON

Contrary to some sponsored fake news regarding the fate...

2023 ITREALMS E-Waste Dialogue: Maida Calls for Conscious Measures to Reduce eWaste

L-R: Editor-in Chief, ITREALMS Media, Sir Remmy Nweke; Editor-in-Chief,...

Stanbic IBTC Unveils Single Sign-on Capability on Mobile Super App

To unify customer experience while using its Mobile App,...

Tinubu Inaugurates Presidential Economic Co-ordination Council, Rolls Out Measures to Strengthen Economy

President Bola Tinubu on Thursday inaugurated the Presidential Economic...

Heritage Bank Empowers 500 Widows, Earns UN Humanitarian Award 

L-R: GoodLuck Linda, WOSSA Chief Welfare officer; Helen Unabor, WOSSA...

Africa Oil Week Charts Future of Oil in Africa

The 2016 Africa Oil Week showcases 130 speakers with...