0:00
the fact that for instance I'm using a
0:02
mobile mobile device for like I use a
0:05
mobile device for my transactions mostly
0:10
Biometrics um features to loging into my
0:13
account you you've talked about Insider
0:16
Insider Factor you know coming to play
0:20
but wouldn't that wouldn't it require me
0:23
gaining access for for for directly
0:27
getting access to enable a transaction
0:30
for someone else to be able to effect
0:32
that transaction and I'll give you an
0:34
example for most payments that I want to
0:36
make most times my bank will send me a
0:42
OTP a an an OTP to effect to conclude
0:46
that um that um that transaction it
0:50
comes to my account I need to use some
0:52
sort of password whether it's my T print
0:55
or whether it's a physical you know um
0:58
token like I also so my token is not
1:00
here I would have showed you like a
1:02
physical token or an internet token all
1:05
of these features don't they how do they
1:09
play out I mean don't they help secure
1:12
transactions online yes or do I just
1:15
take it that they are just a waste of
1:16
time that no matter yes that please go
1:20
on let me ask you a question yes sir
1:23
you for example don't forbid you
1:30
when you misplace that phone for
1:31
instance yes and you need to set up
1:35
another mobile app on your
1:39
phone then the bank will request for OTP
1:42
isn't it that's true when they request
1:45
for OTP the actors will Top up their
1:50
their game how they top up their game
1:54
they knew the OTP has been sent to you
1:57
and the OTP is going to be for 1 minute
2:01
before they carry out that they will
2:03
carry out what we call social
2:07
you they will carry out social
2:10
engineering yes many Nigerians may not
2:14
fall a victim but I can tell you 30 40%
2:17
fall a victim of this every day so what
2:21
they do is that when they about to
2:23
initiate at the point of downloading
2:26
that new app on a new phone all right it
2:29
is assume that the foral app or the
2:32
foral phone you use has been stolen is
2:35
assume they will also assume that so
2:38
what they will do now they want to set
2:42
app on the same app on their own phone
2:46
so they knew that the bank will send OTP
2:49
to the main number that's cor so what
2:51
they we do in the in the process of
2:54
downloading it they will enter your
2:57
number so that OTP will be sent to you
3:00
but before the number is entered they
3:02
will have engaged you and that's what
3:04
call social engineering they put a call
3:06
to you they will say hello are you we
3:10
realize that there uh your mobile app is
3:13
having some technical issues and we are
3:16
at the back end rectifying the mobile
3:18
app so that it can be more
3:22
efficient you will say yes please an
3:26
will be forwarded to you now canly re
3:28
forward it back to us so that or you
3:31
call the OTP so that you can we can help
3:35
you to rectify the problem at the back
3:38
end many will fall a victim of this they
3:42
will call the number and as soon as they
3:45
call the number they we enter the number
3:48
by so doing the mobile on your own phone
3:52
will be disabled totally their own will
3:54
be enabled and that is how they start
