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Flutterwave has denied reports of a cyber attack on its system, stating that none of its customers lost funds...

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Published (Updated) on Monday, March 6, 2023

Flutterwave assures customers of system security following unusual transaction trend

Flutterwave, a fintech company, has denied reports of a cyber attack on its system, stating that none of its customers lost funds.

The company disclosed that it identified an "unusual trend of transactions on some users' profiles" during a routine check of its transaction monitoring system.

However, after reviewing the matter, it discovered that some users who did not activate recommended security settings may have been susceptible.

Flutterwave affirmed that it invests heavily in security initiatives, such as periodic audits, certifications, and licenses, to ensure the safety and security of its ecosystem.

The company emphasized its commitment to keeping users' financial information secure and enabling their business growth.

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