Five 419 scam threats challenging Nigerian banks

The advent of the Internet has helped 419 scammers evolve and extend their reach to more victims. So says Abdulkarim Chukkol, head of the Advance Fee Fraud and Cybercrime Section of the Economic and Financial Crimes Commission in Nigeria. Chukkol will speak at ITWeb Security Summit 2015, to be held from 26 to 28 May at Vodacom World in Midrand.

Chukkol's presentation will cover how Nigeria fights cyber crime, and he has provided insight into how 419 scams challenge Nigerian banks. The infamous 419 scams, a common confidence trick, are named after the section of the Nigerian Criminal Code dealing with such fraud.