Cybersecurity Expert Raises Alarm, Warns CBN, EFCC against ATM Card PIN for Online Transactions [Video]

• A cybersecurity expert has alerted Nigerians on the danger of using card PINs for online transactions
• Kingsley Aguoru, a British-Nigerian, called on the Central Bank of Nigeria and the EFCC to bank card PIN use for online transactions
• He said the practice has become obsolete globally and asked that banks and payment platforms use OTPs and multi-factor authentication

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

A Nigerian-British information cybersecurity expert, Kingsley Aguoru, has alerted Nigerians over the continued use of card PINs for online transactions, asking the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) to address the pressing security risks to Nigerians’ finances.

Aguoru, a chartered engineer and director of Information Security, highlighted the need for the apex bank to ban card PINs for online purchases.