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Cybercrime

Highlights

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Nigeria’s Data Breach: Illegal sites expose personal info for just N100

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SHELT launches new business unit in Nigeria

A new SHELT System Integration (SHELT SI) business unit in Nigeria has been launched by the prominent cybersecurity solutions provider SHELT. Expanding its offerings to accelerate Nigeria’s digital transformation, SHELT builds on its solid reputation over six years of serving the nation’s financial, telecom, and government sectors. Cyber Immune Limited, a Nigerian subsidiary of SHELT, […]

Felicia Akindurodoye
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How Cybercriminals evolve with technology

The cyber threat landscape continues to develop, and ransomware and extortion will be lost in 2023 after two years of high but stable activity. Hackers are attacking IT and physical supply chains, unleashing mass cyberattacks, and finding new ways to blackmail organisations of all sizes. As expected, customers and clients prioritise cyber risk in the […]

Modupeoluwa Olalere
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Hackers breach SA’s corporate registration

The South African Companies and Intellectual Property Commission (CIPC), responsible for business registration and IP protection, reported a cyberattack on February 29th that let clients’ and workers’ information slip. As soon as the breach was discovered, specific CIPC platforms were shut down to limit potential damage. The agency said that current investigations would soon find […]

Modupeoluwa Olalere
20

Russian hackers break into Microsoft system 

Microsoft says that Russian government-backed hackers called Midnight Blizzard broke into its system and caused a breach. The company warns that all organisations are now at risk from well-resourced nation-state threat players.  In a recent statement with the U.S. Securities and Exchange Commission, the company said this. Microsoft said hackers got into corporate email accounts […]

Modupeoluwa Olalere
16

Iranian cyber-espionage group targets African telecom firms

In a notable development, the cyber-espionage group MuddyWater, linked to Iran’s intelligence service, has extended its operations to Africa, specifically targeting telecommunications companies in Egypt, Sudan, and Tanzania. Symantec’s threat intelligence analyst, Marc Elias, indicates that this marks the first documented instance of MuddyWater’s activities on the African continent, diverging from its prior focus on […]

Ibukunoluwa Josephine Bankole
16

Fake News causes disturbance in cryptocurrency industry

A recent incident that sparked a short-lived 10% Bitcoin rally due to fake news has raised concerns in the cryptocurrency industry. This sector is eagerly anticipating mass-market Exchange-Traded Funds (ETFs) that could potentially revitalise its fortunes. On a Monday morning, Bitcoin’s value quickly surged, only to be swiftly reversed. This sudden fluctuation was triggered by […]

Ibukunoluwa Josephine Bankole
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NITDA reveals plans for 2023 Cybersecurity Awareness Month

In keeping with its purpose, the National Information Technology Development Agency (NITDA) has launched events to mark this year’s Cybersecurity Awareness Month. In collaboration with CISCO, the agency trained 3242 on fundamental and advanced cybersecurity skills the previous year. Every October, there is a month set out worldwide for education and awareness-raising about cybersecurity. The […]

Felicia Akindurodoye
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Open AI allows ChatGPT voice chats

Open AI, ChatGPT’s parent company, is rolling out a voice chat function. Open AI’s latest blog article says so. This development comes shortly after it was revealed that the AI platform had seen a third consecutive month of declining traffic. The AI startup claimed ChatGPT is adding speech and visual capabilities. These features allow users […]

Modupeoluwa Olalere
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Kaspersky appoints new GM for Africa

Andrew Voges will take over the role of General Manager for Africa at Kaspersky, according to a recent announcement made by the company.  Voges’ immediate objectives will be to accelerate growth in the enterprise segment, consolidate the company’s channel presence, formulate strategies to onboard more partners and customers within the B2B framework and strengthen customer […]

Felicia Akindurodoye
16

South African firms grapple with escalating cybercrimes

In the ever-evolving landscape of cybercrimes, South African companies find themselves in a precarious situation, often awakening to the harsh realities of digital vulnerabilities only after falling victim to cyberattacks. This trend underscores the pressing need for proactive cybersecurity measures to shield both public and private enterprises in the country. The surge in cyber crimes […]

Ibukunoluwa Josephine Bankole
11

Patricia converts customers balances to native tokens

The renowned Nigerian cryptocurrency exchange, Patricia, has made a momentous declaration regarding the introduction of its very own indigenous token, aptly named the Patricia token (PTK). The indigenous token, purportedly a stablecoin with a fixed value tied to the US dollar ($1 = 1PTK), will replace the existing bitcoin (BTC) and naira balances of customers. […]

Staff Writer
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Interpol blocks 208 accounts, arrests 103 for Cyber fraud in West Africa

208 bank accounts have been frozen, and 103 people with connections to online financial fraud have been arrested in relation to organized crime in West Africa, according to Interpol.  More than two hundred bank accounts that were linked to the illegal proceeds of online financial crime were frozen as a result of the operation, according […]

Felicia Akindurodoye
14

Buguard secures $500k in seed round to fund growth

Buguard, a cybersecurity firm based in Egypt, has successfully completed a Seed investment round, raising a total of $500,000 to defend clients from cyber assaults emanating from the dark web and support development plans. The cybersecurity company Buguard, which is based in Egypt, has successfully raised $500,000 in seed round funding. Along with involvement from […]

Felicia Akindurodoye
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