INTRO : The reasons why CBN warned of rising fraud targeting bank accounts are tied to a surge in malicious emails, messages, and online content impersonating the apex bank. In a statement released yesterday, the Central Bank of Nigeria alerted the public that cybercriminals are circulating communications falsely claiming to originate from the CBN to steal personal and financial data. Three (3) Reasons Why CBN Warned of Rising Fraud Targeting Bank Accounts 1. Spike in Impersonation Scams : A major part of the reasons why CBN warned of rising fraud targeting bank accounts is the growing sophistication of phishing attempts. Acting Director of Corporate Communications, Mrs. Hakama Sidi-Ali, explained that scammers use fake emails and links to spread false information about CBN leadership, licensing, and policy matters. The Bank cautioned Nigerians not to click suspicious links or share account details on unverified platforms, stressing that the only official website is ...