The Nigerian Communications Commission (NCC) has introduced a new regulation ‘Telecommunications Identity Risk Management System (TIRMS) to curb fraudulent transactions in the nation’s digital ecosystem.
The Executive Vice Chairman (EVC), of the NCC, Aminu Maida made the disclosure in his address at a one-day Stakeholders Forum on Telecommunications Risk Management System (TIRMS), in Abuja.
Maida who was represented by the Executive Commissioner Stakeholders Management at NCC, Rimini Makama, said: “The Mobile Station International Subscriber Directory Number (MSISDN) commonly known as the SIM or mobile phone number has evolved into a critical identifier underpinning financial transactions, digital authentication, and access to essential services across all sectors of our economy.
“This evolution, however, has created new and challenging vulnerabilities. The fraudulent use of churned, recycled, swapped, and barred MISISDN’s has become a significant vector for financial fraud and identity theft, eroding public trust in our digital platforms and undermining the identity of systems we have worked hard to build.”
