Picnews
The Central Bank of Nigeria (CBN) is warning customers to keep their Personal Identification Numbers (PINs) and passwords safe, especially during Global Money Week 2026. The apex bank emphasizes that sharing sensitive banking details with anyone, including those claiming to be from your bank, can lead to unauthorized access and financial losses.
The CBN’s advice is part of its ongoing efforts to promote financial literacy and protect consumers from cyber threats. As digital transactions continue to rise in Nigeria, the bank is urging customers to be vigilant and proactive in safeguarding their financial information.
Sharing PINs or passwords, even with family or friends, can compromise account security. The CBN advises customers to treat their banking credentials like personal secrets, only known to them. This reduces the risk of fraud and unauthorized transactions.
Fraudsters often impersonate bank officials to trick customers into revealing sensitive information. Be wary of unsolicited calls, emails, or messages asking for your PIN or password. Legitimate banks will never ask for this information.
Using strong, unique passwords for each account is crucial. Avoid using easily guessable information like birthdays or names. A combination of letters, numbers, and symbols makes passwords harder to crack.
Enabling two-factor authentication (2FA) adds an extra layer of security to your accounts. This means that even if someone gets your password, they’ll need a second form of verification to access your account.
Regularly checking your accounts for suspicious activity can help detect fraud early. If you notice anything unusual, report it to your bank immediately.
