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Nigerian Cyber crime Net Widens

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Africa, as a continent, is vulnerable to a plethora of Internet threats, from financial fraud and malware distribution to terrorism, drugs and human trafficking.

With 67 million Internet users as of May, Nigeria is often in the spotlight when it comes to cyber crime.

This surge in Internet usage has brought with it multiple threats. Criminals are creative, have persuasive skills and are adaptive adversaries. They have easy access to the Web to cast their criminal nets wider than ever, said Abdulkarim Chukkol, head of the Advance Fee Fraud and Cybercrime Section Economic and Financial Crimes Commission (EFCC) in Nigeria. He spoke at ITWeb Security Summit 2015, in Midrand.

The EFCC is a Nigerian law enforcement agency that investigates financial crimes, such as online fraud.

Who are the perpetrators in Nigeria? He asked. “They are all global citizens. They work individually or in small cells, they are highly mobile and loosely organised, and our field experience show they are repeat, unrepentant offenders.”

According to Chukkol, some of the biggest threats Nigeria faces include phishing – targeting mostly financial institutions – with infections usually occurring via a man-in-the-middle e-mail attack. He said his organisation has also seen an increase in data breaches and insider abuse by employees and contract staff, largely due to a lack of segregation of duties.

“I believe the volume of cyber crimes will continue to grow and the chances of catching the criminals will be much less.”

Chukkol said most attacks seen by the EFCC are not highly technical. “Businesses spend a fortune on hardening their systems, but all it takes is one piece of malware to get through their defences.”

In terms of the victims, he said most are Nigerians. “This includes individuals, both locals and foreigners, financial institutions that are 100% reliant on critical infrastructure, and small businesses, which don’t care as much about IT security. They take risks to become bigger players, and have a ‘this won’t happen to me’ mentality.”

According to Chukkol, the methods Nigerian cyber criminals use to launder the ill-gotten gains of cyber crime are advanced too, and the increased use of electronic banking systems and e-commerce have seen a rise in efforts to defraud both individuals and corporate organisations.

In Nigeria, each sector of the economy formulates its own policy to safeguard itself, and there are also policies and guidelines formulated for the industry by the appropriate regulatory agencies, he noted. These are aimed at improving knowledge, capabilities, decision-making and addressing priority areas.

“Even though government is taking steps to boost its cyber security and catch and prosecute cyber crooks, much more needs to be done,” said Chukkol. “There have been several mechanisms put in place to share information and facilitate co-operation between national authorities and the private industry, and Nigeria has successfully arrested and prosecuted several cyber criminals.”


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E-Business

Kaspersky Cybersecurity Experts Warn of Evolving Holiday Scams

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With the holiday season here, it’s not only a time for magic and celebration but also a prime opportunity for fraudsters to exploit the festive rush for gifts and bargains.

Kaspersky Cybersecurity Experts Warn of Evolving Holiday Scams

Amid the sparkle of year-end celebrations, cybersecurity experts at Kaspersky have identified several prominent scams targeting consumers across various regions and languages.

Fake holiday shops

Deceptive online stores mimic the look and feel of legitimate e-commerce sites, offering seasonal items such as decorations, gifts, and even trees at steep discounts.

These sites often appear highly localised, adapting their language and currency based on the user’s geographic location, leveraging data extracted from browsers.

Victims typically encounter these stores by following links in ads or pop-ups.

These sites aim to steal funds. Often, these fraudulent stores exist only for a short period, as they get flagged by the vendors of goods.

Free mobile data offer

This scam plays on the allure of free services, claiming to provide free mobile data valid across all major telecom providers.

In order to receive the free data, victims are required to share the promotion link with 10–15 contacts via WhatsApp, ensuring the scam spreads exponentially.

After sharing, victims are prompted to enter their personal details — name, phone number, and email — into a form.

The collected data is then sold on the Dark Web or used in other fraudulent activities.

In some cases, victims unknowingly download malware that compromises their devices, leading to further exploitation.

Holiday payments on behalf of government agencies

Fraudsters impersonate government authorities, promising fictitious payments in celebration of the holidays.

This scam has been reported in several African countries, including Kenya and Nigeria.

To receive payment, victims are directed to fill out a survey which requires personal details like name and phone number.

Once the survey is completed the user is asked to share the link to the announcement with their connections via WhatsApp.

These details are collected and added to fraudulent databases, then sold to third parties or used for phishing attacks and identity theft.

This scam exploits trust in government systems and the festive spirit of giving.

Christmas recipe scam

This scam begins with a seemingly harmless email promoting a holiday cake recipe.

Victims are encouraged to pay a small fee to access the recipe.

Once payment is made, the victim’s credit card information is stolen. The fraudsters also collect other personal information essential for accessing banking services.

“Holiday scams are not a new phenomenon, but they have evolved to become increasingly sophisticated, leveraging regional traditions and technology to exploit unsuspecting victims.

The rush of the holidays makes people more vulnerable — they’re distracted, eager to grab a deal, or trust promotions that align with festive themes. Cybercriminals are not just stealing money — they’re building massive databases of personal information that fuel future fraudulent schemes.

The holiday season is a time for joy and giving, but users need to remain vigilant to ensure they’re not unknowingly giving fraudsters the tools to exploit them further,” said Olga Svistunova, Senior Web Content Analyst at Kaspersky.

 

 

 

 

 

 


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Hackers Seize NBS Newly Redesigned Website

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Cybercriminals have persisted in targeting Nigerian government websites, with the most recent attack on the National Bureau of Statistics (NBS).

Hackers Seize NBS Newly Redesigned Website

The NBS confirmed the development in a brief statement posted on its X (formerly Twitter) account

It said that its newly redesigned official website has been hacked.

The NBS disclosed the incident and assured the public that efforts are underway to recover the website.

It urged the public to disregard any messages or reports posted until the full recovery of its website.

The statement on X read: “This is to inform the public that the NBS website has been hacked, and we are working to recover it. Please disregard any message or report posted until the website is fully restored.”

The NBS plays a vital role in Nigeria’s development, serving as the official statistical agency responsible for collecting, analyzing, and disseminating statistical data on the country’s economy, governance, and development

This marks the latest in a series of attacks on Nigerian government websites, a trend that has been ongoing for some years.

From government ministries to officials, cyberattacks in Nigeria have surged to alarming levels, with even financial institutions falling victim.

The Nigerian Communications Commission (NCC) and National Information Technology Development Agency (NITDA) frequently issue warnings of cybercriminals targeting individuals, government entities, banks, and telecom companies.


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Hisense Electronics Unveils Flagship Showroom in Abuja

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By Fabian Tarpael, Abuja

Hisense electronics unveiled a flagship showroom in Abuja over the weekend. Speaking at the event, Mr. Mustapha Khries, the Abuja Branch Manager of the Fouani Group, highlighted the significance of the flagship store, describing it as the first of its kind in the entire West African region.

He also addressed the challenges facing businesses in Nigeria, particularly the high exchange rates and transportation costs.

“The Fouani Group remains resilient and ready to overcome challenges, unlike others who often exit the market when faced with similar issues.”

Ms. Haifa Du, Senior Sales Manager for Hisense Electronics, emphasized the brand’s commitment to affordability and innovation, stating that Hisense offers the most cost-effective and advanced solutions in the market.

The event underscored Hisense’s dedication to technological innovation and sustainability while reaffirming its leadership position in the consumer electronics market.

Mr. Robbin Wei, Senior Sales Manager of Hisense Group, supported by Mr. Greg and Ms. Haifa Du, showcased various innovative products from the new flagship store.

Among the standout products showcased include; The Hisense 110″ Smart Ultra AMOLED TV, featuring unique capabilities such as a solar-powered remote control and a “locate remote” function to find misplaced remotes easily.


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