News Details

Phishing Campaign Targets African Banks with Spoofed Login Pages

In recent weeks, multiple financial institutions across Africa have reported a rise in sophisticated phishing campaigns targeting both internal staff and customers. These campaigns are leveraging spoofed banking login portals—nearly identical to legitimate platforms—to trick users into disclosing sensitive login information, including usernames, passwords, and one-time PINs.

The attackers behind these phishing campaigns use email and SMS messages that appear to be from the bank, containing links to fake websites hosted on look-alike domains. In some cases, the phishing emails even bypass spam filters by mimicking trusted vendors or internal notices. Once credentials are captured, they are used for unauthorized access, leading to financial fraud, account takeovers, and reputational damage.

Solution & Recommendations:

To mitigate these risks, banks and financial institutions are urged to:

• Implement multi-factor authentication (MFA) for all online services.
• Deploy email security gateways with detection and domain spoofing protection
• Use domain monitoring tools to track and take down look-alike domains.
• Launch awareness campaigns for customers and employees
• Encourage prompt reporting of suspicious links, emails, or login issues.

Organizations must treat phishing as a business risk—not just an IT problem. Collaboration between IT, security, customer service, and communications teams is vital to protect against these evolving social engineering threats.