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Why CBN freezes 11 companies accounts for 6 months

Central Bank of Nigeria (CBN) announced Wednesday it has secure a court order to freeze 11 bank accounts to enable it conduct investigations into suspicious activities, according to a release. The apex regulator stated on its website that the injunction from the Federal High Court, Abuja, empowers it to suspend the accounts for 6 months. The accounts include: Albert Austin ...

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Service Chiefs resignation: Why Twitter users urge investigations

Twitter users have urged authorities to investigate former chief of Army Staff, Lt. General Tukur Yusuf Buratai over massive killings in Nigeria, including Lekki massacre under his watch. Foremost among them are former Governor of Ekiti State, Ayodele Fayose, who said International Criminal Court and other relevant authorities to investigate the tenure of the “sacked” service chiefs. Peter Ayodele Fayose@GovAyoFayose ...

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How 5G adoption brings new security risks

5G adoption in Nigeria

Most professionals say their organizations are concerned about cybersecurity risks related to 5G adoption according to a new poll from consulting firm Deloitte IT News Nigeria: The findings show those at organizations planning to adopt 5G in the year ahead are slightly more worried (80.7 percent) than those currently using 5G (76.4 percent). For current users 5G, talent poses the biggest ...

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ESET launches updated consumer security range for Windows

eset

ESET: Cybersecurity company ESET is launching new versions of its Windows consumer security products offering improved levels of protection. ESET Internet Security, ESET NOD32 Antivirus and ESET Smart Security Premium get a wide range of security improvements covering malware detection, online banking, password security and smart home support. The updates bring fine-tuning of the Host-Based Intrusion Prevention System and Advanced Machine Learning ...

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Justice For the Victims: Anonymous attacks Nigerian police, gives President Buhari 72 hours

anonymous

Anonymous has attacked the Nigerian police database and given President Buhari 72 hours to meet the demands of the #SARSMUSTEND protestors or risk having all security details including his sexual life displayed in the public domain According to Reports, Anonymous Group is an international hacktivist/activist/movement known for cyber attacks against bad governments around the world.  Anonymous is a decentralised group ...

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Fraudsters target account takeovers during the COVID-19 pandemic

account takeovers 61 percent

account takeovers : Attempted account takeovers grew by 282 percent over the last year, while ATO rates for physical eCommerce businesses — those that sell physical goods online — have jumped 378 percent since the start of the COVID-19 pandemic The Q3 2020 Digital Trust and Safety Index released today by Sift finds that between Q2 2019 and Q2 2020, ATO attacks ...

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Zoom boosts security with 2FA for all users

Zoom boost end to end security

Zoom: After suddenly hitting the big time during the coronavirus pandemic, video conferencing tool found itself the center of attention for both good and bad reasons. While people welcome the app facilitating remote working, Zoom’s security and privacy credentials were called in to questions in a series of incidents The company subsequently promised to take action to improve things in ...

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Check Point August 2020’s Most Wanted Malware: Evolved Qbot Trojan Ranks On Top Malware List For First Time

Check Point researchers find dangerous new Qbot variant is spreading via malspam campaigns to execute credentials theft, ransomware installation and unauthorized banking transactions IT News Nigeria: Check Point Research, the Threat Intelligence arm ofCheck Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, has published its latest Global Threat Index for August 2020.  Researchers found that the Qbot ...

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Scams, phishing and malware : 60% of emails in May and June were fraudulent

scams phishing malware

Scams , phishing, and malware :  The COVID-19 pandemic has seen a spike in scams, phishing and malware across all platforms and attack vectors. IT News Nigeria: The latest mid-year threat landscape report from Bitdefender shows that in May and June, an average of 60 percent of all received emails were fraudulent. In addition there’s been a five-fold increase in the number ...

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61 percent of companies experience insider attacks

account takeovers 61 percent

A new survey from Bitglass reveals that 61 percent of organizations reported at least one insider attack over the last 12 months, with 22 percent reporting at least six separate attacks IT News Nigeria: With a whole range of changes happening at the moment securing against insider threats has become increasingly challenging. Most organizations say they can’t guarantee that they can detect ...

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