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Sourced from TheTechieGuy (https://thetechieguy.com/) Nigeria’s largest telecom firm, MTN Nigeria and MTN’s leading subsidiary in terms of sheer number of subscribers, has taken 18 banks in Nigeria to court over an alleged series of unauthorised transfers to the tune of $53.7-million. The shady transfers were from an account reportedly owned by its mobile payment service bank (PSB) MoMo, which was only recently licensed in the West African country. According to several Nigerian publications covering the story, MTN Nigeria alleges that the 18 banks, which are partners of the telecom, have wrongly transferred billions of Naira to 8000 accounts maintained by customers of the banks. MTN through MoMo is currently seeking a court declaration that states that the fund deposits belong to MoMo and ...
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In February 2021, the data from 500 million LinkedIn users was leaked by hackers, in June 2021, more than 700 million LinkedIn users had their data leaked and put up for sale. In June 2022, the FBI said that the fraud on LinkedIn posed a significant threat to the platform and its users. The site has become one of the riskiest social media platforms to date, according to South Africa-based cybersecurity firm Nclose. It allows for users to reveal deeply personal and relevant business information without authorisation; it allows for fraudsters to impersonate employees, and gain trust and access to information which can potentially put a company’s reputation on the line if an employee posts libellous or unpleasant content. “By now, most people recognise that social media isn’t the place to put...
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