E-Business
Financial-related Attacks Dominate Phishing Attempts in 2017
In 2017, anti-phishing technologies developed by Kaspersky Lab detected more than 246 million user attempts to visit phishing web pages.
Of these, 54 percent were attempting to visit fake financial web pages — compared with 47 percent in 2016. This marks the first time that financial phishing figures have exceeded 50 percent, the company said in a press release.
Financial phishing attacks are fraudulent messages that link to copycat websites that appear to be legitimate. The fraudsters aim to acquire a user’s credentials for banking and credit accounts in order to steal the victim’s money.
In 2017, attacks against banks, payment systems and e-commerce stores grew by 1.2, 4.3, and 0.8 percentage points, respectively and ranked as the top three categories in overall phishing attacks detected.
Attacks related to global search engines, social networks and the like fell 13 percent in 2017 cropping the category from the second place in 2016 to fourth place in 2017. This shows that criminals are now focused on gaining direct access to consumers’ money, the release said.
The company also found that Mac users are in increasing danger. Contrary to popular belief about the security of Mac devices. In 2016, 31 percent of phishing attacks against Mac users aimed to steal financial data; in 2017 this share rose to 56 percent.
“The increased focus cybercriminals have on conducting financial phishing attacks means that users need to remain extra vigilant,” Nadezhda Demidova, lead web content analyst at Kaspersky Lab, said in the release. “To get a hold of our money, fraudsters are constantly looking for new methods and techniques to trick us. We need to be just as determined to not let them succeed by constantly investing in cyberliteracy.”
Other findings in the report include:
Corporate users comprised 19 percent of those attacked with banking malware.
Users in Germany, Russia, China, India, Vietnam, Brazil and the United States are the countries most often attacked by banking malware.
Gartner predicts that by 2028, 75 percent of enterprise software engineers will use Artificial Intelligence (AI) code assistants, up from less than 10 percent, currently.
According to a Gartner poll of 598 global respondents conducted in the third quarter of 2023, 63 percent of organisations are now testing, deploying, or have previously implemented AI code assistants.
AI code assistants provide for more capabilities than only code development and completion, notes the research firm.
According to Gartner, the use of AI code assistants can lead to higher work satisfaction and retention, resulting in lower turnover costs.
Philip Walsh, senior principal analyst at Gartner, comments: “Software engineering leaders must determine ROI and build a business case as they scale their rollouts of AI code assistants.
“However, traditional ROI frameworks steer engineering leaders toward metrics centred on cost reduction. This narrow perspective fails to capture the full value of AI code assistants.”
Gartner notes that software engineering leaders must “reframe the ROI conversation from cost reduction to value generations”.
Walsh adds: “Calculating time savings on code generation is a good place to begin building a more robust value story. To convey the full enterprise value story for AI code assistants, software engineering leaders should connect value enablers to impacts, and then analyse the overall return to the organisation.”
National Identity Management Commission (NIMC) has said that the planned national ID card will be issued to applicants by their banks.
NIMC said it is working with the Nigerian Interbank Settlement System (NIBSS) to deliver the cards to applicants.
“The card will be issued through the applicants’ respective banks in line with existing protocols with the issuance of the Debit/Credit cards,” the agency said at the weekend update on its official X handle.
KEY FACTS ABOUT THE PROPOSED NEW GENERAL MULTIPURPOSE NATIONAL IDENTITY CARD
- The new National ID Card is a single, convenient, and General multipurpose card (GMPC) , eliminating the need for multiple cards—not three.
- The single GMPC has multiple use cases:…
— NIMC (@nimc_ng) April 12, 2024
It said applicants need to request their cards with their NIN “through the self-service online portal, NIMC offices, or their respective banks”.
“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS,” NIMC said.
“The card can be picked up by holders at the designated center or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” the update read.
National Identity Management Commission (NIMC) has said that the new national Identity card, powered by AfriGo Card, is a single card with multiple services.
NIMC made the clarification against the confusion and criticisms that have trailed the AfriGo Card , touted as a National Domestic Card Scheme.
NIMC is launching the AfriGo Card, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), and has had appointed SecureID, a Lagos headquartered company to manufacture the Card Scheme
Making clarification on the card, Kayode Adegoke, head of Corporate Communications of the NIMC, said the General multipurpose card (GMPC) will eliminate the need for multiple cards.
“The new National ID Card is a single, convenient, and General multi-purpose card (GMPC), eliminating the need for multiple cards—not three.
“The single GMPC has multiple use cases: Payments/Financial, Government intervention/services, travel, etc.
“The National Identity Management Commission is working with the Central Bank of Nigeria and the Nigerian Interbank Settlement System to deliver the payment and financial use cases.
“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS. Applicants for the card will have to request with their NIN through the self-service online portal, NIMC offices, or their respective banks.
“The card will be issued through the applicants’ respective banks, in line with existing protocols with the issuance of the Debit/Credit cards.
“The card can be picked up by holders at the designated centre or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” he said.
Bankers, Officials Colluding to Re-loot Recovered Abacha’s Fund- EFCC
ClaimBuddy Bags $5m to Streamline Insurance Claims for Hospitals, Patients
Recapitalisation: UBA Seeks Shareholders’ Nod to Raise Capital
FemyWalsh Set to Launch FM Radio in Lagos
Wema Bank Launches Anti-Fraud Campaign to Protect Customers
Moniepoint Emerges Lead Sponsor of Payments Forum Nigeria – PAFON 1.0
See Full List of Fake Loan Apps Blacklisted By CBN
FIRS Files Tax Evasion Charges against Binance
AXA Mansard Empowers Female SMEs with Financial, Digital Skills
IFC Invests in New 4DX Ventures Fund to Support Tech Startups in Africa
News1 day agoNAFDAC Alerts Nigerians to EU Ban on Dex Soap
News1 day agoHistory as Nigeria Launches Mew 5-in-1 Meningitis Vaccine
News1 day agoEFCC Discovers Fraudulent COVID Funds, World Bank Loan in Poverty Ministry
E-Business1 day agoNew National ID Card to Be Issued Via Banks- NIMC
E-Financial1 day agoExtradition Efforts Underway as Arjarwalla, Fugitive Binance Executive Located in Kenya
E-Financial16 hours agoMasterCard, Onafriq Partner to Bring New Payments Suite to Africa
E-Financial16 hours agoEdun Hails SecureID Over Digitization Efforts
News13 hours agoBankers, Officials Colluding to Re-loot Recovered Abacha’s Fund- EFCC