• Big Story
  • News
    • News
    • Consumer Technology
    • Market Updates
    • Technology Insights
  • Interviews
  • Opinion
  • Digital Transformation Series
  • Special Reports
    • MWC Africa
    • Nigeria 5G Spectrum Auction
Monday, May 12, 2025
  • Login
  • Register
Technology Times | Latest and Breaking Nigeria Tech News
No Result
View All Result
Technology Times | Latest and Breaking Nigeria Tech News
No Result
View All Result
Technology Times | Latest and Breaking Nigeria Tech News
No Result
View All Result
Your text
Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), undergoing a biometric verification exercise

Gemalto: ID fraud is ‘fastest growing crime on the planet’

Kayode OladeindebyKayode Oladeinde
02/04/2016
in News
Reading Time: 2 mins read
1 0
A A
0
ADVERTISEMENT

ID fraud is now one of the fastest-growing crimes on the planet that has substantial financial losses on a growing number of private business, Gemalto, a digital security company has warned.

Jean-Claude Perrin, Vice President of Strategy and Marketing at Gemalto says the tech security company is now is offering private sector enterprises such as banks and mobile operators identity fraud protection and flexible ID Verification solution, to combat the growing problem.

Aisha Buhari, wife of Nigeria's President undergoing ID enrollment in Abuja
Aisha Buhari, wife of Nigeria’s President undergoing ID enrollment in Abuja

“ID fraud is one of the fastest growing crimes on the planet and there is a direct impact on the private sector with substantial financial losses. Fifty-four percent of data breaches in 2014 related to identity theft, 17 percent aimed at financial access and 11 percent sought account access,” the company’s Vice President of Strategy and Marketing says.

Gemalto says it is now offering tools and services for swift verification of customer credentials when opening new accounts and subscriptions in​-branch or online, reducing financial losses and the negative impact on brand reputation caused by identity fraud.

It also helps financial Institutions enhance their Know Your Customer (KYC) procedures, in line with the latest regulations, such as Anti-Money Laundering Directive (AMLD4), Gemalto says.

“Gemalto is recognized as the world’s leading provider of secure identity documents for governments, with a document template database covering 170 countries which is a key element of our ID Verification offers. The private sector can leverage our unrivalled experience to protect corporate finances and reputations, without compromising the customer enrolment experience”, according to Perrin.[quote font=”georgia” font_size=”22″ align=”right” bgcolor=”#” color=”#” bcolor=”#” arrow=”yes”]”ID fraud is one of the fastest growing crimes on the planet and there is a direct impact on the private sector with substantial financial losses. Fifty-four percent of data breaches in 2014 related to identity theft, 17 percent aimed at financial access and 11 percent sought account access.”[/quote]

Related Articles

GSMA: Beyond 50% tariff increase, Nigeria ‘needs telecoms reforms’ to drive digital economy 

Zamfara, Oracle ink deal to equip youth with future-ready digital skills

Tinubu launches child protection database to track violence, lift future of children

Minister: Nigeria tapping local tech to fuel economic growth

EFCC, TCTI launch digital skills to combat youth cybercrime in Nigeria

Nigeria eyes methanol fuel technology stakes to power green economy

Airtel Africa sees smartphone boom, data surge as Nigeria drives digital inclusion

Nigerian watchdog flags PWAN, Tofro.com as Ponzi threats as fraudulent investments surge

NIMC rolls out NINAuth to secure digital identity of Nigerians

Nigeria inks defence tech deal with China

According to him, ID Verification protects enterprises against the threat of fraudsters opening bank accounts or acquiring subsidized mobile phones, for example, and provides a firm foundation from which to launch innovative new services.

According to him, “it can be integrated easily with existing infrastructures and is available as a platform, or in Software as a Service (SaaS) mode to minimize initial investment requirements. ID Verification is also highly scalable, facilitating future-proof growth and evolution in line with individual fraud prevention and business development strategies.”

Share19Tweet12Share3SendShare
Kayode Oladeinde

Kayode Oladeinde

Technology Journalist at Technology Times. Mobile: +234 (0) 7031526929

Related Articles

nigeria-needs-reforms-to-drive-digital-economy
News

GSMA: Beyond 50% tariff increase, Nigeria ‘needs telecoms reforms’ to drive digital economy 

byTechnology Times Staff
12/05/2025
zamfara-oracle-seal-technology-partnership
News

Zamfara, Oracle ink deal to equip youth with future-ready digital skills

byOladapo Rilwan
12/05/2025
tinubu-opens-nigeria-child-protection-database
News

Tinubu launches child protection database to track violence, lift future of children

byIretomiwa Balogun
12/05/2025
minister-nigeria-taps-local-tech-to-fuel-growth
News

Minister: Nigeria tapping local tech to fuel economic growth

byIretomiwa Balogun
12/05/2025
efcc-tcti-forge-tie-against-cybercrime
News

EFCC, TCTI launch digital skills to combat youth cybercrime in Nigeria

byFejiro Awowede
11/05/2025
Nigeria eyes methanol fuel technology stakes to power green economy
News

Nigeria eyes methanol fuel technology stakes to power green economy

byTechnology Times Staff
11/05/2025
airtel-africa-sees-mobile-data-surge-in-nigeria
News

Airtel Africa sees smartphone boom, data surge as Nigeria drives digital inclusion

byTechnology Times Staff
08/05/2025
nigerian-flags-pwan-tofro-com-as-ponzi-threats
News

Nigerian watchdog flags PWAN, Tofro.com as Ponzi threats as fraudulent investments surge

byFejiro Awowede
08/05/2025
nimc-unveils-ninauth-to-secure-digital-identity
News

NIMC rolls out NINAuth to secure digital identity of Nigerians

byOladapo Rilwan
08/05/2025
nigeria-inks-defence-tech-deal-with-china
News

Nigeria inks defence tech deal with China

byOladapo Rilwan
07/05/2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

12 − three =

ADVERTISEMENT
ADVERTISEMENT
Access Bank Access Bank Access Bank
ADVERTISEMENT

Latest Articles

nigeria-needs-reforms-to-drive-digital-economy

GSMA: Beyond 50% tariff increase, Nigeria ‘needs telecoms reforms’ to drive digital economy 

12/05/2025
zamfara-oracle-seal-technology-partnership

Zamfara, Oracle ink deal to equip youth with future-ready digital skills

12/05/2025
tinubu-opens-nigeria-child-protection-database

Tinubu launches child protection database to track violence, lift future of children

12/05/2025
minister-nigeria-taps-local-tech-to-fuel-growth

Minister: Nigeria tapping local tech to fuel economic growth

12/05/2025
efcc-tcti-forge-tie-against-cybercrime

EFCC, TCTI launch digital skills to combat youth cybercrime in Nigeria

11/05/2025
CrownCrystal Technologies CrownCrystal Technologies CrownCrystal Technologies
ADVERTISEMENT
ADVERTISEMENT

POPULAR ARTICLES

  • efcc-tcti-forge-tie-against-cybercrime

    EFCC, TCTI launch digital skills to combat youth cybercrime in Nigeria

    50 shares
    Share 20 Tweet 13
  • Nigeria eyes methanol fuel technology stakes to power green economy

    48 shares
    Share 19 Tweet 12
  • Zamfara, Oracle ink deal to equip youth with future-ready digital skills

    48 shares
    Share 19 Tweet 12
  • Minister: Nigeria tapping local tech to fuel economic growth

    47 shares
    Share 19 Tweet 12
  • GSMA: Beyond 50% tariff increase, Nigeria ‘needs telecoms reforms’ to drive digital economy 

    47 shares
    Share 19 Tweet 12
  • Tinubu launches child protection database to track violence, lift future of children

    46 shares
    Share 18 Tweet 12
  • Opinion: Globacom vs. MTN Nigeria: What the spectrum battle really means for Nigeria’s telecoms market

    215 shares
    Share 86 Tweet 54
  • Inside CBN guidelines on ATM operations in Nigeria

    187 shares
    Share 75 Tweet 47
  • NCC promotion sparks internal row over alleged breaches 

    484 shares
    Share 194 Tweet 121
  • Exclusive: NCC approves MTN Nigeria-9Mobile roaming, spectrum deals

    525 shares
    Share 210 Tweet 131

Latest Videos

  • TT TV
teniola-advocates-dynamic-billing-for-nigerians

Teniola advocates dynamic billing to protect Nigerian consumers | Technology Times Policy eXchange

14/04/2025
watch-mtn-nigeria-board-lawsuit-interview

#Watch: MTN Nigeria’s board is filled with ex-regulators—is this a conflict of interest?

24/03/2025
engr-banjo-on-local-content-in-nigeris-telecoms

Watch: Engr. Banjo on local content in Nigeria’s telecoms market

23/03/2025
#Watch: Technology Times Thought Leadership Series #Live

#Watch: Technology Times Thought Leadership Series #Live

20/03/2025
#Watch Technology Times TV #Live

#Watch Technology Times TV #Live

20/03/2025
Load More
ADVERTISEMENT
Facebook Twitter Youtube LinkedIn RSS

ABOUT TECHNOLOGY TIMES

technology-times-logo

Nigeria Technology Media Group

Founded in 2004, Technology Times’ trusted technology news, market intelligence, views and business services reach readers and partners across Nigeria, Africa and beyond.

Advertising

Sign up for TT eNews

Get in touch here

CONTACT US

Phone: +234 (0) 1 454 1818
WhatsApp: +234 (0) 815 700 0100
Email: info@technologytimes.ng
Web: www.technologytimes.ng

LEGAL & COMPLIANCE

technology-times-logoHome

TT Privacy Policy

TT Terms & Conditions

TT Website Disclaimer

TT Guest Post Guidelines

TT Sitemap

VOffice

TOP STORIES

  • efcc-tcti-forge-tie-against-cybercrime

    EFCC, TCTI launch digital skills to combat youth cybercrime in Nigeria

    50 shares
    Share 20 Tweet 13
  • Nigeria eyes methanol fuel technology stakes to power green economy

    48 shares
    Share 19 Tweet 12
  • Zamfara, Oracle ink deal to equip youth with future-ready digital skills

    48 shares
    Share 19 Tweet 12
  • Minister: Nigeria tapping local tech to fuel economic growth

    47 shares
    Share 19 Tweet 12

©2004-2024 Technology Times, owned and operated by Digital Transformation Media Limited (DTML), Nigeria or its affiliates. All rights reserved.

Welcome Back!

Sign In with Facebook
Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Big Story
  • News
    • News
    • Consumer Technology
    • Market Updates
    • Technology Insights
  • Interviews
  • Opinion
  • Digital Transformation Series
  • Special Reports
    • MWC Africa
    • Nigeria 5G Spectrum Auction
  • Login
  • Sign Up

©2004-2024 Technology Times, owned and operated by Digital Transformation Media Limited (DTML), Nigeria or its affiliates. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy Page.