Managing Director, GL Tech, Martins Obiorah, who spoke during the launch, said despite the huge benefits and the convenience derived from the use of the internet, the same platform has provided opportunities for criminals to execute their act through defrauding unsuspecting users.

He noted that the level of Automated Teller Machine (ATM) and card fraud witnessed in the country in the last two years is quite alarming coupled with other security threat such as identity theft, private information compromise, spread of computer virus and malicious programs have led to increased number of organisation being hacked.

Obiorah explained that the high level of e-channel fraud and system compromise could be attributed to ignorance on the part of the public resulting from low level of information and e- channel security awareness.He said that global rise in information security and electronic banking fraud resulted in the birth of ‘online wisdom,’ a platform created by some seasoned information and e-business security professionals to promote electronic banking, create awareness campaign to the public organisation and schools, banks, government establishments, ministries military and law enforcement agencies.