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Flutterwave not hacked, says Management

By Eniola Daniel
06 March 2023   |   6:40 am
The management of a leading Fintech company in Africa, Flutterwave, has allayed customers' fears over the rumour that the company was hacked.

The management of a leading Fintech company in Africa, Flutterwave, has allayed customers’ fears over the rumour that the company was hacked.

It said that it understands that customers’ personal and financial information is of the utmost importance, that it takes this responsibility seriously, and that any potential security breach can cause anxiety and concern among our customers.

Director of Corporate Communications for Flutterwave, Yewande Akomolafe-Kalu, said: “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 collaborate with other financial institutions and law enforcement agencies to keep our ecosystem safe and secure.

“During a routine check of our transaction monitoring system, we identified an unusual trend of transactions on some users’ profiles.” 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.

“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.”

“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 licenses such as the PCI-DSS and ISO 27001. These are in line with global best practices in information security management.

“We want customers to continue to trust us and feel secure in using Flutterwave for their business needs. Our commitment is to enable your business growth while keeping your financial information safe and secure.