E-Business
Nigeria Makes List of Top 10 Countries with Highest Cases of Internet Scams
As the digital age progresses, internet scam have become a significant concern for individuals, businesses, and governments worldwide.
While providing numerous opportunities for communication and commerce, the internet has also opened the door for fraudulent activities that exploit unsuspecting victims.
The prevalence of online scams has led to financial losses, psychological distress, and a general erosion of trust in digital transactions.
In this landscape, certain countries stand out for their vulnerability to internet scams due to various socio-economic and technological factors.
According to Sanction Scanner, these top 10 countries have the highest cases of internet fraud, in no particular order.
India
India has witnessed an alarming rise in internet scams, particularly in the realms of online shopping, tech support fraud, and lottery scams.
With over 600 million internet users, the country has become a fertile ground for cybercriminals.
India faces a severe cybercrime challenge, recording $7.93 million USD. in losses across 4,850 cases in 2023, according to the National Crime Records Bureau (NCRB). Digital financial frauds alone amounted to $14.86 million USD over the past three years.
The government has initiated several awareness campaigns, but the rapid growth of digital infrastructure continues to challenge law enforcement agencies to keep up with the evolving tactics of scammers.
Brazil
Brazil’s financial ecosystem has been significantly impacted by internet scams, especially banking trojan attacks that infiltrate user accounts and syphon off funds. Cybercriminals exploit vulnerabilities in online banking systems, leading to millions of dollars in losses annually.
Brazil’s fintech boom has attracted cybercriminals. In 2023, 1.8 million banking trojan infections were recorded, as reported by Kaspersky Lab.
The introduction of the Pix payment system has revolutionised financial transactions but exposed users to malware attacks, with eight of the top 13 trojans globally originating from Brazil.
As the digital banking sector expands, Brazilian authorities are working to implement stronger cybersecurity measures, but the cat-and-mouse game with scammers remains a constant struggle.
Pakistan
The landscape of internet fraud in Pakistan has been marked by a surge in suspicious transaction reports, indicating a growing problem with financial crimes, including money laundering.
Pakistan’s Financial Monitoring Unit (FMU) reported 32,072 suspicious transaction reports (STRs) in 2023.
Fraudulent activities involve money laundering and terrorist financing schemes, reflecting rising threats in both the financial and criminal sectors.
Despite government efforts to regulate and monitor online transactions, the lack of awareness among the populace often leads to individuals falling victim to these schemes.
This has created a pressing need for enhanced cybersecurity education and more robust regulatory frameworks.
South Africa
In South Africa, internet scams have manifested primarily through identity theft and online auction fraud.
The rise of social media platforms has provided scammers with new avenues to target victims.
Ranked 7th on the Global Criminality Index (2023), South Africa faces escalating identity theft and credit card fraud. Fraudulent loan applications and phishing attacks are widespread, exacerbated by vulnerabilities in online platforms and digital banking systems.
South African authorities have ramped up efforts to combat cyber fraud through public awareness campaigns and stricter regulations, yet the prevalence of scams continues to challenge consumers and businesses alike.
Morocco
Morocco faces a troubling rise in online scams, particularly those involving identity theft and fraud through social networks.
Many Moroccans lack awareness of the tactics employed by fraudsters, leading to increased victimisation.
Fraudulent activities are growing, with the Unit for the Processing of Financial Information (UTRF) monitoring suspicious transactions linked to money laundering and embezzlement.
The government is beginning to address these issues, but as the digital economy grows, so too does the need for comprehensive cybersecurity education and preventive measures.
Romania
Romania has emerged as a significant player in the realm of internet scams, characterised by complex networks of financial fraud, money laundering, and identity theft. While the country has made strides in improving its cybersecurity infrastructure, the sophistication of scams has outpaced regulatory efforts.
Romania’s vulnerability to business email compromise (BEC) scams and money laundering is significant. Europol reports highlight cases involving human trafficking and financial fraud.
Ongoing initiatives to combat these challenges are vital for restoring trust in Romania’s digital environment.
Nigeria
Known for its notorious “419” scams, Nigeria continues to battle a reputation fraught with issues related to cyber fraud.
Scammers often target individuals both locally and internationally, employing tactics that promise lucrative returns in exchange for upfront fees.
The Nigerian Financial Intelligence Unit struggles with enforcement due to institutional corruption. Educational initiatives aimed at raising awareness among citizens about online scams are critical to changing perceptions and reducing victimisation.
Venezuela
The dire economic situation in Venezuela has led to a surge in internet scams, including credit card fraud and various government-related schemes.
As citizens grapple with financial instability, scammers exploit their vulnerabilities, preying on desperate individuals seeking financial relief.
With frequent cases of identity theft, credit card fraud, and government-related corruption, narcotics trafficking exacerbates financial crimes, as the Unidad Nacional de Inteligencia Financiera (UNIF) works to monitor suspicious activities.
E-Business
ICANN Empowers Underrepresented Communities with New gTLD Applicant Support Program
The Internet Corporation for Assigned Names and Numbers (ICANN), the nonprofit organization that coordinates the Domain Name System (DNS), announced today the opening of the Applicant Support Program (ASP) for the New Generic Top-Level Domains (gTLD) Program: Next Round.
The New gTLD Program: Next Round is an initiative that will enable the introduction of new gTLDs (including those longer than three characters and in non-Latin scripts) into the Internet’s domain name space.
It will be the first opportunity since 2012 to secure a gTLD, and the ASP makes it possible for lesser-resourced organizations to benefit from this transformation in their presence online.
Top-level domains are the part of an Internet address that comes after the dot. For example, in the domain name icann.org, the characters ‘org’ identify the TLD and help to classify the purpose of the domain name.
The Internet started with just a handful of TLDs, such as .com, .net., .org and others. As it has evolved, the number of generic TLDs in the DNS has increased to reflect the multidimensionality of its billions of users and to help classify and communicate the purpose of a domain name.
ICANN appreciates that applying to operate a gTLD can be expensive and out of reach for many organizations. The ASP is intended to make the processes and fees involved in applying for a new gTLD more accessible to entities that may want to operate a gTLD but are unable because of financial and other resource constraints. Supported applicants will be eligible to receive access to pro bono service providers, training, and other resources, and a 75-85% reduction in gTLD evaluation fees.
“The New gTLD Program: Next Round will give businesses, communities, and others the opportunity to apply for new top-level domains tailored to their community, culture, language, business, and customers. The program reinforces ICANN’s commitment to encourage innovation, competition, and consumer choice in the domain industry,” said Pierre Dandjinou, Vice President, ICANN, Africa.
“The ASP supports that commitment by paving the way for more entrepreneurs, small businesses, governments, and communities around the world to apply to operate a generic top-level domain of their own choosing.”
To be eligible for the program, applicants must meet financial need and financial viability criteria, and fall into at least one of the following entity categories:
- Nonprofits, charities, or equivalent
- Intergovernmental organizations (IGOs)
- Indigenous/tribal peoples’ organizations
- Social impact or public benefit micro or small businesses
- Micro or small businesses from a less-developed economy
More information on evaluation and eligibility criteria are described in Section 4: Applicant Eligibility and Evaluation Categories, of the ASP Handbook.
ASP applicants will be evaluated on an ongoing basis. The first applicants to apply and qualify for support will the first to take advantage of the available resources. The application window will remain open for 12 months. Applicants are encouraged to apply early.
E-Business
Kaspersky, AFRIPOL Strengthen Partnership in Combating Cybercrime
To further enhance global efforts to combat cyber offenses, Kaspersky and AFRIPOL have signed a cooperation agreement in preventing and fighting cybercrime.
Covering a period of five years, the document formalises and facilitates cooperation between the company and the law enforcement agency in sharing threat intelligence data on the latest cybercriminal activities.
The landscape of cyberthreats in Africa has constantly been evolving, with the continent having been especially susceptible to industrial threats. The region, in particular, has the highest share of Industrial Control Systems (ICS) computers on which malicious objects were blocked by Kaspersky solutions, compared to other regions.
Africa’s vigorous cyberthreat environment requires enhanced collaboration of the parties concerned to safeguard against potential risks.
Strengthening the existing relationship between the two organisations, the agreement provides for enhanced data exchange on cyberthreats and cybercrime trends, with Kaspersky handing over such data to AFRIPOL for the further criminal intelligence analysis by the organisation.
Another aspect of collaboration includes the provision of assistance, know-how and technical knowledge in information security analysis by Kaspersky’s vastly experienced teams of experts.
The official signing ceremony took place at AFRIPOL’s headquarters in Algiers on November 18, with the agreement signed by Kaspersky founder and CEO, Eugene Kaspersky and AFRIPOL’s Acting Executive Director, Ambassador Jalel Chelba.
Kaspersky founder and CEO, Eugene Kaspersky, noted: “An effective fight against cybercrime is inconceivable without cooperation. Our company has always put collaborative effort first – sharing its expertise with the widest range of stakeholders: the security expert community, law enforcement agencies, and also the general public to empower them with knowledge about acute cyberthreats.
“Hence, by advancing our cooperation with AFRIPOL and by equipping the agency with both the information and technology required for responding to emerging cyberthreats, we hope to enhance our contribution in fostering greater cyber-resilience and a safer cyberspace for all.”
AFRIPOL Acting Executive Director Ambassador Jalel Chelba stated: “This agreement with Kaspersky represents a major step forward in strengthening Africa’s digital defenses.
By leveraging Kaspersky’s expertise and resources, we are not only enhancing AFRIPOL’s ability to counter cyber threats, but also contributing to the protection of a secure digital space for all African citizens.
This collaboration brings substantial added value to both our organisations: it strengthens AFRIPOL’s operational framework in combating cybercrime, while allowing Kaspersky to play a key role in the digital security of a strategically important continent in terms of cybersecurity. Together, we are taking a significant step towards resilience and digital trust in Africa, by mobilising the best of both partners.”
Kaspersky and AFRIPOL have a long record of joint cooperation projects. The two organisations have been active contributors to the assessment of the African threat landscape, while also being active participants in INTERPOL-led actions to disrupt cybercrime on the African continent, namely Africa Cyber Surge Operation and Africa Cyber Surge Operation II.
The two organisations have also been advocating for greater digital trust, with AFRIPOL having endorsed Kaspersky’s first Transparency Center in the African region in Rwanda. Learn more at the website.
E-Business
CNCF, Andela Partner to Train Over 20,000 African Tech Professionals
The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud-native software, along with Linux Foundation Education, the training and certification arm of the Linux Foundation, has partnered with Andela, home to the world’s largest private tech talent marketplace, to train 20,000 to 30,000 African technologists in cloud native basics to enable them to excel in jobs globally as cloud-native development grows.
The training—done at no cost to the participants—will begin next year and unfold over two to three years. Participants will have the opportunity to train for the Kubernetes and Cloud Native associate (KCNA) certification, which demonstrates a user’s foundational knowledge and skills in Kubernetes and the wider cloud native ecosystem, and the Certified Kubernetes Application Developer (CKAD), which certifies that users can design, build, configure, and expose cloud native applications for Kubernetes.
“This partnership showcases the global impact of CNCF’s education programs. By standardizing cloud native knowledge, developers across the globe can confidently work toward certifications that will enable them to land developer positions both within their own countries and globally,” said Chris Aniszczyk, CTO at the CNCF.
“By partnering with Andela, which has a long history of training technologists in Africa, we see great opportunity in providing our training to communities that may otherwise not have access. Together, we can create a win-win for companies that need workers and workers that need opportunities.”
According to Google’s Africa Developer Ecosystem Report 2021, the increased global demand for remote tech talent, which was accelerated by the pandemic, created more remote employment opportunities for African developers. Now, 38% of African software developers work for at least one company based outside the continent.
“We are excited to partner with CNCF to extend training and, ultimately, enhance job opportunities for African workers. The continent is emerging as one of the most important markets in the world.
“It has the fastest-growing population of developers, and its young workforce will be key to solving the tech talent shortage,” said Carrol Chang, Andela CEO. “Organizations are looking for talent with advanced skill sets like AI and cloud-native, and this particular skill set is a perfect addition to the Andela marketplace.”
Training participants will take six to nine months to achieve the KCNA and CKAD certifications and will be selected from Andela’s talent marketplace, which includes 150,000 technology professionals globally, with a large percentage from Africa. Andela’s talent marketplace in Africa spans 49 countries, including Nigeria, Kenya and Ghana.
The company fosters an active community for marketplace participants and has worked with numerous companies, including Google, Meta, Microsoft, AWS, and Nvidia, to train talent in technologies that offer vast workplace opportunities.
The need for cloud-native developers continues to increase and a recent study by CNCF revealed that almost 55% of developers landed a new job as a result of training and certification courses.
Almost 7 in 10 (67%) said it made them feel more engaged and fulfilled in their work. However, 8 in 10 (81%) also said cost prevented them from completing certifications.
“As a non-profit focused on growing open source and cultivating the IT talent needed to sustain it, partnerships – like this one with Andela – help us train and certify underrepresented groups, which is crucial to both our long-term success and amplify our impact,” said Clyde Seepersad, Senior Vice President and General Manager of Linux Foundation Education.
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