E-Business
SophosLabs 2018 Malware Forecast Shows No Platform Immune from Ransomware
By peter oluka
Sophos, a global leader in network and endpoint security, today announced its SophosLabs 2018 Malware Forecast, a report that recaps ransomware and other cybersecurity trends based on data collected from Sophos customer computers worldwide during April 1 to Oct. 3, 2017.
One key finding shows that while ransomware predominately attacked Windows systems in the last six months, Android, Linux and MacOS platforms were not immune.
“Ransomware has become platform-agnostic. Ransomware mostly targets Windows computers, but this year, SophosLabs saw an increased amount of crypto-attacks on different devices and operating systems used by our customers worldwide,” said Dorka Palotay, SophosLabs security researcher and contributor to the ransomware analysis in the SophosLabs 2018 Malware Forecast.
The report also tracks ransomware growth patterns, indicating that WannaCry, unleashed in May 2017, was the number one ransomware intercepted from customer computers, dethroning longtime ransomware leader Cerber, which first appeared in early 2016. WannaCry accounted for 45.3 percent of all ransomware tracked through SophosLabs with Cerber accounting for 44.2 percent.
“For the first time we saw ransomware with worm-like characteristics, which contributed to the rapid expansion of WannaCry. This ransomware took advantage of a known Windows vulnerability to infect and spread to computers, making it hard to control,” said Palotay. “Even though our customers are protected against it and WannaCry has tapered off, we still see the threat because of its inherent nature to keep scanning and attacking computers. We’re expecting cyber criminals to build upon this ability to replicate seen in WannaCry and NotPetya, and this is already evident with Bad Rabbit ransomware, which shows many similarities to NotPetya.”
The SophosLabs 2018 Malware Forecast reports on the acute rise and fall of NotPetya, ransomware that wreaked havoc in June 2017.
NotPetya was initially distributed through a Ukranian accounting software package, limiting its geographic impact. It was able to spread via the EternalBlue exploit, just like WannaCry, but because WannaCry had already infected most exposed machines there were few left unpatched and vulnerable.
The motive behind NotPetya is still unclear because there were many missteps, cracks and faults with this attack. For instance, the email account that victims needed to contact attackers didn’t work and victims could not decrypt and recover their data, according to Palotay.
“NotPetya spiked fast and furiously, and did hurt businesses because it permanently destroyed data on the computers it hit. Luckily, NotPetya stopped almost as fast as it started,” said Palotay. “We suspect the cyber criminals were experimenting or their goal was not ransomware, but something more destructive like a data wiper. Regardless of intention, Sophos strongly advises against paying for ransomware and recommends best practices instead, including backing up data and keeping patches up to date.”
Cerber, sold as a ransomware kit on the Dark Web, remains a dangerous threat. The creators of Cerber continuously update the code and they charge a percentage of the ransom that the “middle-men” attackers receive from victims. Regular new features make Cerber not only an effective attack tool, but perennially available to cyber criminals. “This Dark Web business model is unfortunately working and similar to a legitimate company is likely funding the ongoing development of Cerber. We can assume the profits are motivating the authors to maintain the code,” said Palotay.
Android ransomware is also attracting cyber criminals. According to SophosLabs analysis, the number of attacks on Sophos customers using Android devices increased almost every month in 2017.
“In September alone, 30.4 percent of malicious Android malware processed by SophosLabs was ransomware. We’re expecting this to jump to approximately 45 percent in October,” said Rowland Yu, a SophosLabs security researcher and contributor to the SophosLabs 2018 Malware Forecast. “One reason we believe ransomware on Android is taking off is because it’s an easy way for cyber criminals to make money instead of stealing contacts and SMS, popping ups ads or bank phishing which requires sophisticated hacking techniques. It’s important to note that Android ransomware is mainly discovered in non-Google Play markets – another reason for users to be very cautious about where and what kinds of apps they download.”
The SophosLabs report further indicates two types of Android attack methods emerged: locking the phone without encrypting data, and locking the phone while encrypting the data. Most ransomware on Android doesn’t encrypt user data, but the sheer act of locking a screen in exchange for money is enough to cause people grief, especially considering how many times in a single day information is accessed on a personal device. “Sophos recommends backing up phones on a regular schedule, similar to a computer, to preserve data and avoid paying ransom just to regain access. We expect ransomware for Android to continue to increase and dominate as the leading type of malware on this mobile platform in the coming year,” said Yu.
Fifty selected young unemployed Nigerians have completed a four-week intensive digital skills bootcamp under the Digital Literacy for All (DL4ALL) initiative, gaining practical training in Data Science, Artificial Intelligence (AI), and IT Essentials.
The programme, a collaborative effort between the National Information Technology Development Agency (NITDA) and Cisco, was hosted at NITDA’s South West Zonal Office in Victoria Island, Lagos.
Speaking on behalf of the Director General of NITDA, Kashifu Inuwa , the Head of the South West Zonal Office, Mrs. Chioma Okee-Agugwo, described the initiative as a vital component of Nigeria’s digital future. “This is not just a closing ceremony. It is the launchpad for new journeys—anchored in digital knowledge and powered by innovation,” she remarked.
According to the Director General, the initiative is rooted in NITDA’s Strategic Roadmap and Action Plan (SRAP 2.0) and reflects key focus areas including Digital Literacy, Emerging Technologies, and Youth Empowerment. It also aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which seeks to accelerate economic diversification through digitisation, innovation, and skills development.
Inuwa noted that the DL4ALL initiative forms part of Nigeria’s broader commitment to digital inclusion—ensuring that no one is left behind in the evolving digital economy. It also supports the ambitious goal of achieving 70% digital literacy by 2027, championed by the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani. This national vision aims to equip millions of Nigerians with the skills required to thrive in a tech-driven world.
He further emphasized the importance of empowering youth with globally relevant skills. “They are no longer just consumers of technology. They are creators, innovators, and future employers,” he said.
The NITDA boss explained that throughout the bootcamp, participants engaged in hands-on learning experiences designed to build both technical proficiency and digital leadership capabilities.
“This is only the beginning,” he stated. “Through our zonal strategy, we are bringing innovation closer to local communities. This is how we democratise access and unlock Nigeria’s full digital potential.”
Inuwa expressed appreciation to Cisco for delivering high-impact training and called on stakeholders to continue investing in partnerships, people, and platforms that drive digital inclusion.
He asserted that the newly certified participants are now equipped to contribute meaningfully to Nigeria’s digital economy—armed with the skills to build solutions, secure infrastructure, and launch tech ventures that solve real-world problems.
At the end of the bootcamp, participants demonstrated their knowledge through impressive presentations that showcased the integration of skills acquired across Data Science, AI, and IT Essentials. Many spoke passionately about how the programme had expanded their technical competence and sparked a drive to create job opportunities—not only for themselves but also for others—as entrepreneurs and digital solution providers in their communities.
Coinbase forecast a hit of between $180m and $400m from a cyberattack that breached account data of a “small subset” of its customers, the crypto exchange said in a regulatory filing on Thursday.
The company received an anonymous email on May 11, claiming to have information about certain customer accounts as well as internal documents.
While some data — including names, addresses and emails — was stolen, the hackers did not get access to login credentials or passwords, Coinbase said.
Still, it will reimburse customers who were tricked into sending funds to the attackers.
Hackers had paid multiple contractors and employees working in support roles outside the US to collect information.
The company has fired those involved, it said.
Separately, the New York Times reported that the US Securities and Exchange Commission (SEC) was investigating whether the company had misstated its user numbers.
Coinbase shares extended losses after the report and were last down 6.5%.
“This is a hold-over investigation from the prior administration about a metric we stopped reporting two-and-a-half years ago, which was fully disclosed to the public,” said Paul Grewal, Coinbase’s chief legal officer.
“While we strongly believe this investigation should not continue, we remain committed to working with the SEC to bring this matter to a close.”
The SEC declined to comment.
The latest developments come days before the company is set to join the benchmark S&P 500 index, casting a shadow over what was expected to be a landmark moment for the crypto industry.
Security remains a challenge for the crypto industry despite its growing mainstream acceptance.
In February, Bybit disclosed a hack in which about $1.5bn worth of digital tokens were stolen — widely described the biggest crypto heist ever.
“The cyberattack may push the industry to adopt stricter employee vetting and introduce some reputational risks,” said Bo Pei, an analyst at US Tiger Securities.
Funds stolen by hacking crypto platforms amounted to $2.2bn in 2024, according to a report from Chainalysis, a US-based blockchain analysis firm.
“As our nascent industry grows rapidly, it draws the eye of bad actors, who are becoming increasingly sophisticated in the scope of their attacks,” said Nick Jones, founder of crypto firm Zumo.
Coinbase has refused to pay a ransom of $20m demanded by the attackers and is working with law enforcement agencies. Instead it has established a $20m reward for information on the hackers.
The company is also opening a new support hub in the US and taking other measures to prevent such cyberattacks, it said.
The Nigeria Internet Registration Association (NiRA) presents its report on .ng domain name registration and renewal statistics for the first quarter of 2025, highlighting the continued expansion of Nigeria’s digital footprint. The data underscores a consistent and significant adoption of the nation’s Country Code Top-Level Domain (ccTLD), reinforcing its pivotal role in the burgeoning Nigerian digital economy.
During the period spanning January to March 2025, a total of 40,791 .ng domain names were recorded. This figure comprises 22,236 new registrations and 18,555 renewals, indicating a healthy balance between the acquisition of new digital identities and the sustained commitment of existing domain name holders to their online presence.
Analysis of the registration trends within the quarter reveals a notable upward trajectory, with a 13.92% increase in domain name registrations observed between February and March 2025.
This growth signifies an increasing recognition of the importance of a localized online identity by a diverse range of stakeholders, including individuals, startups, Small and Medium-sized Enterprises (SMEs), and larger organizations.
Notably, the .com.ng extension continues to be the dominant choice, accounting for over 60% of both new registrations and renewals. This reaffirms its status as the preferred domain name extension for Nigerian businesses seeking to establish a credible and locally relevant online brand presence while maintaining global accessibility. The sustained popularity of .com.ng underscores its perceived value among Nigerian entrepreneurs and enterprises seeking to secure their digital real estate.
This upward trajectory isn’t happening by chance. The Nigeria Internet Registration Association (NiRA) has remained intentional in its drive for digital inclusion and domain adoption. Through public education, training via the .ng Academy, outreach campaigns, and partnerships with stakeholders across the tech ecosystem, NiRA has consistently advocated for the importance of owning a local domain. The current standing of .ng as the second most registered ccTLD in Africa reflects the efficacy of these efforts.
Digital adoption in Nigeria is no longer just about being online—it’s about owning your digital identity. And with a .ng domain, Nigerians are better positioned to assert that identity, connect with local and international audiences, and gain better control over their digital footprints.
As we look toward the rest of 2025, the Q1 results serve as a strong signal: more people are embracing the digital future, and the .ng domain is increasingly becoming their first step.
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