Banks raise fraud alert as shopping, travel season peak

As consumer spending accelerates during the peak travel and shopping season, banks are sounding the alarm over a surge in fraud risks targeting digital transactions.
Financial institutions warn that increased card usage, online bookings, and cross-border payments are creating fertile ground for scammers, prompting heightened vigilance across payment channels and customer accounts.
In a message to its customers, Access Bank Plc, urged customers to remain vigilant and warned them against sharing sensitive banking information with anyone offering deals or promotions.
Never share your OTP, CVV, PIN or card details to claim any offer,” the bank said in a fraud-prevention alert to custome...