Tag Archives: cybercrime

A Federal High Court in Lagos, yesterday, ordered the remand of five individuals, including a bank manager and a nursing mother, for allegedly hacking into the server of Premium Trust Bank. The defendants are Matthew Damilola, the bank’s E-Payment Service Manager, Kehinde Odeyemi (a mother of a four-month-old baby), Samson …

By Elvis Eromosele The financial sector is the backbone of any economy, driving transactions, investment, and growth. In Nigeria, the financial sector is under siege. The recent report from the Financial Institutions Training Centre (FITC) confirms this. The report reveals a shocking escalation in fraudulent activities, leaving banks and customers …

South Africa, Kenya, and Nigeria reported an increase in spyware attacks in  Q1 2023 according to Kaspersky. The cyber security firm recorded an increase of 18,8% in South Africa, 12,9% in Kenya, and 14,6% in Nigeria from Q4 2022 to Q1 2023. Spyware attacks continue to be a threat to …

Cybersecurity Negligence in Africa: Many Still Believe Cybercrime ‘Won’t Affect Them’ The digital landscape is overflowing with an ever-evolving array of solutions and services created to make lives easier, offices smoother and engagements richer. Smartphones, applications, social media, artificial intelligence (AI) platforms and multiple other tools have all become part …

By Anna Collard It is now possible to use a publicly available artificial chatbot, ChatGPT to generate a complete infection chain, possibly beginning with a spear phishing email written in entirely convincing, human-like language and eventually causing a complete takeover of a company’s computer systems, a cybersecurity danger. Researchers at …

The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT), in line with its mandate, has rolled out some advisories in the first few weeks of the year 2023 as cyber threat actors continue to devise means of compromising their targets. The latest of such advisories urged users to be …

Sophos, a global leader in innovating and delivering cybersecurity as a service in its published 2023 Threat Report details how the cyber threat landscape has reached a new level of commercialization and convenience for would-be attackers, with nearly all barriers to entry for committing cybercrime removed through the expansion of …

…Tasks Parents Against Children’s Uncontrolled Exposure to Online Activities In a bid to ensure children’s online safety, the Nigerian Communications Commission (NCC) has urged parents and guardians to monitor and manage the engagement of their children online as the uncontrolled exposure to cyberspace is fraught with a lot of negativities …

Mr. Ademola Adebise, the Managing Director and Chief Executive Officer of Wema Bank Plc, has advised accountants to store data safely and protect them against cybersecurity threats and other criminal breaches. Adebise said this at the 16th Institute of Chartered Accountants of Nigeria (ICAN) Western Accountants Conference themed: ‘Digital Economy: Whither …

The Nigerian Communications Commission has alerted members of the public that a cybercrime group has perfected a new year scheme to deliver ransomware to targeted organizational networks. The new ransomware uncovered by security experts has been categorised, by the Nigerian Computer Emergency Response Team’s (ngCERT) advisory released over the weekend, …