Post by Kehhide Adesiyan (@adesiyank)

The Nigeria Computer Emergency Response Team (ngCERT) has issued a cybersecurity advisory warning financial institutions across the country about a growing wave of cyber-enabled ATM cash-out attacks.

According to the advisory, cybercriminals successfully orchestrated a coordinated ATM cash-out operation against UBA Senegal, resulting in fraudulent withdrawals exceeding $2 million through 3,421 ATM transactions.

ngCERT said the attack involved coordinated cash withdrawals by Senegalese nationals allegedly linked to an international criminal network.

The agency noted that attackers are believed to have gained privileged access to card authorization infrastructure, allowing them to manipulate transaction controls and facilitate large-scale fraudulent withdrawals.
For more info visit..
https://nairametrics.com/2026/06/27/ngcert-raises-alarm-as-bank-loses-2-million-to-atm-cash-out-cyberattack/

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