One of Africa's and Nigeria's fintech giants Flutterwave has debunked the news of being hacked after reports making waves allegedly stated that the platform was hacked and that about N2.9 billion was moved. However, the fintech giant has debunked such reports.
In a statement issued on Sunday, Flutterwave disclosed that “We want to reassure you that Flutterwave has not been hacked. As a financial institution, we monitor transactions through our transaction monitoring systems and 24-hour fraud desk and review any suspicious activity.
“We want to confirm that no user lost any funds, and we take pride in the fact that our security measures were able to address the issue before any harm could be done to our users,” the statement noted.
“At Flutterwave, we understand that our customer’s personal and financial information is of the utmost importance. We take this responsibility seriously and understand that any potential security breach can cause anxiety and concern among our customers.
“Our team immediately launched a review (in line with our standard operating procedure), which revealed that some users who had not activated some of our recommended security settings might have been susceptible.
“Our commitment to keeping our users’ financial information safe and secure is why we invest heavily in security initiatives such as periodic audits, certifications, and licences such as the PCI-DSS & ISO 27001. These are in line with global best practices in information security management.
“Our commitment is to enable your business growth while keeping your financial information safe and secure.”
The company founded in 2016 has urged its customers to continue to trust its operations and feel secure in using Flutterwave for their business needs.