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UBA opens security OPs centre to tackle e-banking fraud

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United Bank for Africa (UBA) has launch a Security Operations Centre to combat electronic banking fraud, [blockquote right=”pull-right” cite=”Philips Oduoza, Group Managing Director of UBA”]Today we have seen over 40 percent of transactions done online and 60 percent done offline. Some years back, we had just about 7 percent online and 83 percent done offline[/blockquote]
, has said.

According to him, the Security OPs Centre will take measures to protect users of e-banking services with the growing adoption of technology-driven service delivery by banks in the country.

Oduoza noted that more banking transactions are now carried out online as against years back when online transactions were fewer.

“Today we have seen over 40 percent of transactions done online and 60 percent done offline. Some years back, we had just about 7 percent online and 83 percent done offline”, according to Oduoza, who was quoted in The Lion King, the in-house publication of the bank.

He also hinted that the Bankers Committee Retreat had in its last meeting in Calabar last December taken a decision, mandating all ATMs in Nigeria to have anti-scam devices to make it difficult for fraudsters to steal customer’s information from the ATM.

Under the plan, the UBA’s Security OPs Centre is now designed to monitor every transaction against potential fraud.

In the battle against e-banking fraud, the UBA top brass says that the bank will constantly upgrade its IT infrastructure to remain ahead of fraudsters who daily devise new avenues to break IT security.

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

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