BoG cautions public against digital financial fraud, ‘double-your-money’ schemes

The central bank said the increasing use of digital platforms for banking, mobile money and other financial transactions requires consumers to adopt stronger security measures to protect their funds and personal information.

Consumers urged to strengthen account security The BoG further encouraged users of digital financial services to regularly monitor transaction alerts, bank statements and mobile money notifications to identify unauthorised transactions as quickly as possible.

The central bank said public awareness and financial literacy remain important tools in the fight against digital financial fraud, particularly as more people gain access to digital financial services.