Flutterwave blocks network breach attempt, reports perpetrators to authorities


Payment company giant, Flutterwave has blocked attempted network intrusion and reported offenders to law enforcement agencies

The company detected unusual activities in April and carried out thorough processes to ensure the protection of all its customers.

The platform’s security stopped the breach before funds were impacted. Flutterwave has informed relevant agencies and handed over the IP address and details of the offenders.

In a press release issued on Thursday, Flutterwave assured its customers and stakeholders that their funds were not affected in any way.

Flutterwave will undertake improvements on the said platform and move its users to another platform to ensure business continuity for its customers.

The firm advised its customers to take advantage of the security measures available while using Flutterwave, as they also have a role to play in ensuring the best personal security practices.

“As leaders, we continue to invest heavily in our security infrastructure to ensure customers continue to remain safe as they transact using Flutterwave.

“As a proactive step to strengthen security, we are enhancing safety features on the affected platform and will be migrating some of our customers to another platform to ensure they can benefit from the security enhancements.

“We will continue our advocacy for ecosystem-led system initiatives that will help in fighting security threats in the digital ecosystem across Africa,” the statement reads.

On March 5, 2023, Flutterwave denied claims that its account was hacked and that N2.9 billion was illegally transferred. Court documents revealed that police assistance was sought to recover what was stolen.

In recent years, there has been a rise in cyber crimes in Nigeria, causing loss of billions and creating trust issues between technology and telecommunication firms and their customers

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