Home » Vernacular Building » Palmpay Raises Red Flag on Escalating Cyber Fraud as Banking Malware Attacks Increase by 8 per Cent

Palmpay Raises Red Flag on Escalating Cyber Fraud as Banking Malware Attacks Increase by 8 per Cent

Sophia Al-Mansoor • • 3 min read
Palmpay Raises Red Flag on Escalating Cyber Fraud as Banking Malware Attacks Increase by 8 per Cent

A fresh look at Palmpay Raises Red Flag on Escalating Cyber Fraud as Banking Malware Attacks Increase by 8 per Cent, highlighting expert commentary.

Legit.ng reported that OPay and Palmpay have announced critical changes to how customers get verified on their platforms.

The two digital banking platforms changed in response to reports of loopholes exploited by fraudsters when opening accounts.

For Opay, there are changes in the identification method of securing bank accounts during the onboarding process.

Source: Legit.ng

Sophia Al-Mansoor
Author

Sophia Al-Mansoor

Sophia analyzes international trade, startup ecosystems, retail transformation, and supply chain logistics for modern digital publications.