The Nigerian fintech sector has been rocked by allegations of client account hacking, with Flutterwave being the latest company to reject such claims. Flutterwave, a leading payments technology company in Nigeria, has released a statement denying any involvement in the alleged hacking of customer accounts.
The allegations first surfaced when some customers reported that their accounts had been hacked and their funds had been stolen. This prompted an investigation by the Central Bank of Nigeria (CBN) into the matter. The CBN has since released a statement saying that it has not found any evidence of Flutterwave’s involvement in the alleged hacking.
Flutterwave has also released its own statement, denying any involvement in the alleged hacking and reassuring customers that their accounts are safe. The company has also stated that it takes the security of its customers’ data and funds very seriously and is committed to protecting them.
Flutterwave has also taken steps to ensure that its customers’ accounts remain secure. The company has implemented a two-factor authentication system, which requires customers to provide two pieces of information before they can access their accounts. It has also implemented a fraud detection system that monitors customer accounts for suspicious activity.
The allegations of customer account hacking have raised concerns about the security of the Nigerian fintech sector. However, Flutterwave’s swift response and strong stance on security should reassure customers that their data and funds are safe. The company’s commitment to protecting its customers’ data and funds is commendable and should serve as an example to other companies in the Nigerian fintech sector.
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