COPING WITH ORGANIZATIONAL DIGITAL FRAUD: THE NIGERIAN EXPERIENCE

Abstract

Digital fraud is ravaging organizations world over and Nigerian financial organizations are no exception. Nigeria has evolved from the days of cheque transactions to electronic payment plat forms, this gave rise to the maladaptive behavior (Digital fraud). The collected its Data its data from the Nigerian Interbank settlement system Plc (NIBSS). The study sought to know which channel digital fraud is more perpetuated and also sought to know how digital fraud could be reduced to its barest level. At the end of reviewing the Secondary data, it was discovered that WEB based digital fraud was most prevalent in Nigeria from 2019 to Q3 2020, this was as result of the Covid 19 pandemic that ravaged countries world over and company resorted to Web based transactions more. The researcher recommended users education, deployment of fraud solutions, introduction of biometric identification system, complete and accurate reporting of fraud, strengthening the international gateway.