Connect with us

E-Business

Firm Uncovers PipeMagic Backdoor Attacks Businesses Through Fake ChatGPT Application

Published

on

Kindly share this post

Kaspersky’s Global Research and Analysis Team (GReAT) has recently discovered a new malicious campaign involving the PipeMagic Trojan, which has shifted from targeting entities in Asia to expanding its reach to organisations in Saudi Arabia.

The attackers are using a fake ChatGPT application as bait, deploying a backdoor that both extracts sensitive data and enables full remote access to compromised devices. The malware also operates as a gateway, enabling the introduction of additional malware and the launch of further attacks across the corporate network.

Kaspersky initially discovered PipeMagic backdoor in 2022, this plugin-based trojan was targeting entities in Asia at that time.

The malware is capable of functioning as both a backdoor and a gateway. In September 2024, Kaspersky’s GReAT observed a resurgence of PipeMagic, this time targeting organisations in Saudi Arabia.

This version uses a fake ChatGPT application, built with the Rust programming language. At first glance, it appears legitimate, containing several common Rust libraries used in many other Rust-based applications.

However, when executed, the application displays a blank screen with no visible interface and hides a 105,615-byte array of encrypted data which is a malicious payload.

In the second stage, the malware searches for key Windows API functions, by searching the corresponding memory offsets using names hashing algorithm. It then allocates memory, loads the PipeMagic backdoor, adjusts necessary settings, and executes the malware.

One of the unique features of PipeMagic is that it generates a 16-byte random array to create a named pipe in the format \\.\pipe\1.<hex string>. It spawns a thread that continuously creates this pipe, reads data from it, and then destroys it.

This pipe is used for receiving encoded payloads, stop signals via the default local interface. PipeMagic usually works with multiple plugins downloaded from a command-and-control (C2) server, which, in this case, was hosted on Microsoft Azure.

“Cybercriminals are constantly evolving their strategies to reach more prolific victims and broaden their presence, as demonstrated by the PipeMagic Trojan’s recent expansion from Asia to Saudi Arabia. Given its capabilities, we expect to see an increase in attacks leveraging this backdoor,’ comments Sergey Lozhkin, Principal Security Researcher at Kaspersky’s GReAT.

 


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

E-Business

FG to Incorporate Contactless Fingerprints for Online Passport Renewal

Published

on

Kindly share this post

Nigeria Immigration Service (NIS) said that it will soon enter an era where the application process for renewing passports will be done entirely online, including the confirmation of biometrics.

FG to Incorporate Contactless Fingerprints for Online Passport Renewal

This will be done through a dedicated NIS app which will require the creation of a profile and enable the submission of contactless fingerprint and face biometrics with verification using the National Identification Number (NIN).

The system is expected to rollout in April 2025.

There have been previously announced failed launch dates for the passport project, which began pre-deployment tests without the biometric capture capability at the end of last year.

Olubunmi Tunji-Ojo, minister of Interior, said in an X thread that he presided over a meeting in collaboration with the NIS, to make a preview of the new system to be introduced.

Those who took part in the discussions included representatives from government, civil society organizations, the media and actors from the tech space.

The Minister said during the meeting, they collected feedback from several stakeholders which they plan to incorporate into the system for seamless functioning when it shall be launched in the coming months, according to Premium Times.

He also revealed that Iris Smart Technologies, which holds a once-threatened contract to produce the country’s biometric passports, and Newworks Solutions are the technology providers working with the NIS.

Tunji-Ojo said the new system involves “cutting-edge technology” which “enhances the passport acquisition process by allowing eligible applicants to initiate and complete their applications seamlessly from the comfort of their homes or workplaces on their mobile devices.”

“This new feature is undoubtedly a game-changer, and we are eager to fully roll it out in our new passport regime. Our goal remains to transform our systems and methods to align with global best practices, setting the pace for other nations to follow without compromising national security,” the minister added.

After the review, feedback obtained from the cross section of stakeholders will be crucial in fine-tuning the system which he says will first be launched for people in the diaspora, said Tunji-Ojo.

Authorities say once it goes live, passport applicants seeking renewal will be able to apply for the document and have it delivered to their home without having to visit any NIS office in person.

The Interior Ministry and NIS reiterated that the project is part of President Bola Tinubu’s Renewed Hope Agenda which seeks to make life easier for Nigerians.

The introduction of the contactless biometric capture system for passport renewal is part of other announced reforms in that sector, one of which is the passport processing time which had been brought down to just 24 to 48 hours following the submission of an application, says the Interior Minister.


Kindly share this post
Continue Reading

E-Business

Firm Warns that Employees’ Digital Fatigue Leads to Higher Cyber Risks

Published

on

Kindly share this post

In observing World Mental Health Day on the 10th of October, Kaspersky warns of the relationship between digital fatigue and increased exposure to cyber risks.

In today’s data-driven and digital business environment, office employees are bombarded with a constant feed of notifications, continuous digital interactions and the need to make huge amounts of decisions throughout the day.

Even though advanced technologies like artificial intelligence (AI) and machine learning are helping to improve efficiencies, workers are under significant strain.

This can result in digital fatigue that not only negatively impacts an employee’s well-being and productivity versus higher rates of burnout, but also risks opening the company to a range of cyberthreats, from phishing to deepfakes, warns Kaspersky.

“Employees face hundreds of decisions daily, that range from small, routine choices to critical business decisions. Eventually, the brain’s ability to make sound judgments declines over time and pressure. The constant influx of emails, messages, and alerts are exacerbating this digital fatigue,” says Brandon Muller, Technical Expert for the MEA region at Kaspersky.

In fact, a research by Forbes Advisor shows that digital communications make 58% of employees feel like they need to be available more often.

This results in 60% of the workforce feeling increased burnout. The constant need to stay online and multitask adds to this high-pressure environment, making employees more prone to mistakes.

Phishing still prevalent

Phishing remains one of the most widespread forms of cybercrime. Fatigued employees are more likely to miss the warning signs of a phishing email, especially when they are just one among many in their overflowing inboxes and as phishing campaigns become ever more sophisticated.

These attacks are designed to deceive employees into disclosing sensitive information, such as login credentials or financial data, by posing as legitimate sources.

While phishing attacks come in various forms, they often target corporate email systems due to the potential wealth of valuable information they hold, making them prime targets for exploitation.

The rising threat of deepfakes

AI is also contributing to the rise of deepfakes – highly convincing audio or video content manipulated to deceive the recipient. Even when not fatigued, employees are finding it more difficult to assess the authenticity of such content.

When it comes to digital fatigue, these deepfakes can pose a serious risk in corporate settings, where cybercriminals may impersonate executives to authorise fraudulent transactions or gain access to sensitive information.

Other threats

From inadvertent installation of malware to checking the contents of a USB found on a way to the office – the cyber risks may vary in form and can lead to devastating consequences. If robust cybersecurity solutions are in place to help identify and filter the threats, and if employees are educated and alert, organisations are in a much safer position.

Supporting employees

There are several proactive measures organisations can adopt to help reduce the cognitive load on their employees:

  • Cybersecurity training that is relatable and engaging: By using automated, customised training platforms that adjust content based on role and experience, organisations can make sure their employees stay informed without feeling overwhelmed. Gamified elements in training can also enhance engagement and retention.
  • Automated cybersecurity solutions: Investing in advanced cybersecurity tools, such as automated threat detection and response systems, help businesses reduce human error and mitigate risks.

Protection solutions for mail servers with anti-phishing, anti-spam, and malware detection technologies decrease the chance of infection. These tools can work in the background, allowing employees to focus on their work without constantly worrying about potential cyber threats.

  • Enable a Default Deny policy for critical user profiles, particularly those in financial departments, which ensures that only legitimate web resources can be accessed.
  • Create areas for employees to take a break.

Advice for employees to combat digital fatigue:

  • Establish routines for certain decisions to save mental energy for more critical choices.
  • Prioritise tasks, delegate or automate less important decisions.
  • Identify most important criteria to ease decision making, narrow down your choices, ask for advice and additional information.
  • Focus on key data, limit information overload and distractions when taking important decisions.
  • Recognise the signs of decision fatigue, such as reduced concentration, increased irritability, and procrastination.
  • Schedule regular breaks to recharge and prioritise some exercise such as going for a walk. Also consider exercises for your eyes and neck.
  • Stay alert when receiving messages that look uncommon, as well as when visiting new web pages and making money transactions.

“The demands of the digital workplace are not going away. Fortunately, organisations can take meaningful steps to support their employees while still protecting the business from cyber threats. By addressing the root causes of decision and digital fatigue, companies can reduce the risk of successful phishing, deepfakes, and other sophisticated cyberattacks,” concludes Muller.


Kindly share this post
Continue Reading

E-Business

Better Digital Payments Infrastructure is Facilitating Access to New Markets for Enterprise

Published

on

Kindly share this post

By Doreen Lukandwa, Head, Commercial Strategy at Onafriq

Saying that small and medium-sized enterprises (SMEs) are the backbone of economies in East Africa is an understatement. SMEs make up the largest part of all registered entities in nearly every industry and sector in most East African countries, averaging between 60% to 90%, including micro-enterprises.

As the region continues to experience significant progress and development, the SME ecosystem plays a crucial role in creating employment opportunities, encouraging innovation and entrepreneurship, and diversifying economies.

However, only a few of these SMEs will grow into larger-sized firms or expand their reach into markets beyond the area they operate. This is mainly due to the constraints they face that limit their ability to expand and scale their business, such as inadequate financing and access to investment and financial services and insufficient integration into international capital markets.

Historically, the finance sector in East Africa has shown a preference for traditional banks, which have been restricted in terms of geographical reach and other factors. This has resulted in limited access to financial services for many merchants in the region, hindering economic growth and development. But this is changing.

The emergence of an increasingly robust digital payments infrastructure in East Africa presents an incredible opportunity for businesses to scale by opening up access to new markets in the region, across the continent, and around the globe.

Expanding the global footprint of enterprise

Africa accounts for 70% of the world’s $1 trillion in mobile money value, mainly due to the boom in digital instant payment solutions and inclusive interoperable payment systems across the continent. East Africa makes up the largest mobile money market on the continent, with transaction values worth $491 billion for 390 million registered accounts in 2022.

These booming, secure, efficient, and interconnected digital payment systems are transforming the business landscape by breaking down geographical barriers and broadening enterprises’ ability to collect and make payments to and from anywhere in the world.

Trailblazing fintech firms are revolutionising the digital payments space and helping enterprises solve their revenue collection and payments challenges, reducing operational costs and leaving them free to focus on operational efficiency.

Now, SMEs can scale their existing services into new African and global markets by capitalising on the growing digital payment infrastructure without the need to build their payment infrastructure or platforms. With just the right payment partner, businesses can expand into new territories by establishing a virtual financial presence, helping duplicate their services in the new market.

By leveraging the shared infrastructure and resources from their payment partner, enterprises can now mitigate risks while gaining access to local knowledge and networks.

Enabling enterprise to meet its full potential

The increased access to new markets for enterprises, facilitated by the digital payments space, enables their ability to scale up, compete with larger firms, and increase their growth potential.

By scaling effectively, East African SMEs can keep up with customer and market demands, improve their efficiencies and find new avenues of revenue growth without being held back by a lack of resources or infrastructure. It encourages innovation, which could see the development of new products and services, increase sales opportunities, and further their ability to serve more customers and expand into new markets.

As the rapid growth of digital payments technology continues, we can expect to see more enterprises take advantage of the increased access to new markets, resulting in the growth of SMEs across the region and subsequently driving the creation of better-paid jobs, economic growth and ensuring more competitive economies.


Kindly share this post
Continue Reading

Trending