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Key Trends in Sophos 2022 Threat Report

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Sophos, a global leader in next-generation cybersecurity, on Wednesday published the Sophos 2022 Threat Report, which shows how the gravitational force of ransomware’s black hole is pulling in other cyberthreats to form one massive, interconnected ransomware delivery system – with significant implications for IT security.

The report, written by SophosLabs security researchers, Sophos Managed Threat Response threat hunters and rapid responders, and the Sophos AI team, provides a unique multi-dimensional perspective on security threats and trends facing organizations in 2022.

The Sophos 2022 Threat Report analyzes the following key trends:

1. Over the coming year, the ransomware landscape will become both more modular and more uniform, with attack “specialists” offering different elements of an attack “as-a-service” and providing playbooks with tools and techniques that enable different adversary groups to implement very similar attacks.

According to Sophos researchers, attacks by single ransomware groups gave way to more ransomware-as-a-service (RaaS) offerings during 2021, with specialist ransomware developers focused on hiring out malicious code and infrastructure to third-party affiliates.

Some of the most high profile ransomware attacks of the year involved RaaS, including an attack against Colonial Pipeline in the U.S. by a DarkSide affiliate.

An affiliate of Conti ransomware leaked the implementation guide provided by the operators, revealing the step-by-step tools and techniques that attackers could use to deploy the ransomware.

Once they have the malware they need, RaaS affiliates and other ransomware operators can turn to Initial Access Brokers and malware delivery platforms to find and target potential victims. This is fueling the second big trend anticipated by Sophos.

2. Established cyberthreats will continue to adapt to distribute and deliver ransomware. These include loaders, droppers and other commodity malware; increasingly advanced, human-operated Initial Access Brokers; spam; and adware. In 2021, Sophos reported on Gootloader operating novel hybrid attacks that combined mass campaigns with careful filtering to pinpoint targets for specific malware bundles.

3. The use of multiple forms of extortion by ransomware attackers to pressure victims into paying the ransom is expected to continue and increase in range and intensity. In 2021, Sophos incident responders catalogued 10 different types of pressure tactics, from data theft and exposure, to threatening phone calls, distributed denial of service (DDoS) attacks, and more.

4. Cryptocurrency will continue to fuel cybercrimes such as ransomware and malicious cryptomining, and Sophos expects the trend will continue until global cryptocurrencies are better regulated. During 2021, Sophos researchers uncovered cryptominers such as Lemon Duck and the less common, MrbMiner, taking advantage of the access provided by newly reported vulnerabilities and targets already breached by ransomware operators to install cryptominers on computers and servers.

“Ransomware thrives because of its ability to adapt and innovate,” said Chester Wisniewski, principal research scientist at Sophos. “For instance, while RaaS offerings are not new, in previous years their main contribution was to bring ransomware within the reach of lower-skilled or less well-funded attackers.

This has changed and, in 2021, RaaS developers are investing their time and energy in creating sophisticated code and determining how best to extract the largest payments from victims, insurance companies, and negotiators. They’re now offloading to others the tasks of finding victims, installing and executing the malware, and laundering the pilfered cryptocurrencies.

This is distorting the cyberthreat landscape, and common threats, such as loaders, droppers, and Initial Access Brokers that were around and causing disruption well before the ascendancy of ransomware, are being sucked into the seemingly all-consuming ‘black hole’ that is ransomware.

“It is no longer enough for organizations to assume they’re safe by simply monitoring security tools and ensuring they are detecting malicious code. Certain combinations of detections or even warnings are the modern equivalent of a burglar breaking a flower vase while climbing in through the back window.

“Defenders must investigate alerts, even ones which in the past may have been insignificant, as these common intrusions have blossomed into the foothold necessary to take control of entire networks.”

Additional trends Sophos analyzed include:

· After the ProxyLogon and ProxyShell vulnerabilities were discovered (and patched) in 2021, the speed at which they were seized upon by attackers was such that Sophos expects to see continued attempts to mass-abuse IT administration tools and exploitable internet facing services by both sophisticated attackers and run-of-the-mill cybercriminals

· Sophos also expects cybercriminals to increase their abuse of adversary simulation tools, such as Cobalt Strike Beacons, mimikatz and PowerSploit. Defenders should check every alert relating to abused legitimate tools or combination of tools, just as they would check a malicious detection, as it could indicate the presence of an intruder in the network

· In 2021, Sophos researchers detailed a number of new threats targeting Linux systems and expect to see a growing interest in Linux-based systems during 2022, both in the cloud and on web and virtual servers

· Mobile threats and social engineering scams, including Flubot and Joker, are expected to continue and diversify to target both individuals and organizations

· The application of artificial intelligence to cybersecurity will continue and accelerate, as powerful machine learning models prove their worth in threat detection and alert prioritization. At the same time, however, adversaries are expected to make increasing use of AI, progressing over the next few years from AI-enabled disinformation campaigns and spoof social media profiles to watering-hole attack web content, phishing emails and more as advanced deepfake video and voice synthesis technologies become available

To learn more about the threat landscape in 2021 and what this means for IT security in 2022, read the full Sophos 2022 Threat Report.

Additional content for the Sophos 2022 Threat Report:

· Video of the headline findings, presented by Chester Wisniewski, principal research scientist, Sophos

· An article on SophosLabs Uncut recapping the report sections

· A Sophos News opinion piece by Wisniewski on the ransomware turf wars

· A Naked Security article introducing the report


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. 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

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MoMo PSB Brings Relief to UNILAG Students with Ultra-Cheap Bus Fares

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MoMo Payment Service Bank (MoMo PSB), a fintech subsidiary of MTN Nigeria, has announced a partnership with Ogata Electric Vehicles to provide subsidised bus rides of ₦10 per fare to students of the University of Lagos (UNILAG).

MoMo PSB Brings Relief to UNILAG Students with Ultra-Cheap Bus Fares

MoMo PSB

The initiative, unveiled on Thursday in Lagos, is aimed at easing transportation costs for young Nigerians, particularly students, as part of MoMo PSB’s broader commitment to financial inclusion and digital accessibility.

MoMo PSB, which provides millions of Nigerians with secure financial services including transfers, savings, card services, bill payments and wallet solutions, said the transport subsidy reflects its mission to improve everyday life by reducing the cost of essential services.

The company explained that the partnership with Ogata Electric Vehicles would not only make commuting more affordable for students but also promote sustainable mobility through the use of electric buses.

Officials of MoMo PSB noted that the initiative is designed to bring “good cheer” to the UNILAG community, ensuring students can access safe, reliable and cost-effective transport while focusing on their education.


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MTN Nigeria Launches Unlimited 5G Broadband Plans to Boost Digital Inclusion

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MTN Nigeria has launched its Unlimited Broadband Data plans powered by 5G technology, a move the telecoms giant says will tackle long-standing challenges of capped data limits, high costs and unstable connectivity faced by internet users across the country.

MTN Nigeria Launches Unlimited 5G Broadband Plans to Boost Digital Inclusion

MTN Nigeria

Egerton Idehen, Chief Broadband Officer of MTN Nigeria, said the new product was designed to support high-demand users including streamers, gamers, households and businesses requiring uninterrupted connectivity.

“We’re building a broadband experience for everyday life. For content creators, remote workers, gamers, students and households. Our focus is on speed, reliability, low latency, and affordability.

“Broadband is designed to deliver seamless connectivity that empowers Nigerians to thrive in the digital economy,” Idehen said.

The plans, available in speed-based variants of 50Mbps and 100Mbps, promise lightning-fast speeds and ultra-low latency to address issues of lag and buffering. MTN said the packages would also provide affordable and flexible options to cater to diverse economic segments.

New customers who purchase a 5G router will enjoy a welcome bonus of unlimited data for the first 30 days, allowing them to experience the service before committing to long-term use.

The company explained that the initiative was part of its broader commitment to digital inclusion, enabling Nigerians to access stable connections for virtual meetings, large file transfers, online learning, high-definition streaming and professional gaming.

Customers can subscribe to the Unlimited Broadband Plans by dialling 4611#, using the MyMTN app, MTN eShop, MTN website, or visiting authorised retail outlets nationwide.


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Airtel Africa Foundation Opens Undergraduate Scholarship Portal in Nigeria

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The Airtel Africa Foundation has opened applications for its Undergraduate Tech Scholarship in Nigeria, inviting first-year university students with strong academic potential to apply for financial support aimed at accelerating their studies in technology and related fields.

The scheme provides full tuition, accommodation support, and essential study materials for eligible 100-level students. It forms part of the Foundation’s F.E.E.D. agenda, which promotes Financial Empowerment, Education, Environmental Protection, and Digital Inclusion, with a focus on creating pathways for talented young people who face financial barriers.

Airtel Nigeria CEO, Dinesh Balsingh, encouraged students to take advantage of the opportunity. He noted that, “Education is one of the most powerful tools for national development,” adding that “as an organisation, Airtel is determined to build a platform for aspiring young Nigerians to learn, innovate and lead in the country’s expanding technology landscape.”

Applications are open to students pursuing courses such as Information Technology, Computer Science, Software Engineering, Data Science, Cyber Security, Artificial Intelligence, and other ICT-related disciplines at participating universities: University of Lagos, University of Nigeria Nsukka, Ahmadu Bello University, University of Benin, Obafemi Awolowo University, University of Ilorin, and Tai Solarin University of Education.

Dr Segun Ogunsanya, Chairman of the Airtel Africa Foundation, said the scholarship demonstrates the organisation’s commitment to nurturing Africa’s next generation of digital leaders. “Young Africans are brimming with talent and ambition. What many need is a fair chance to pursue their education without financial pressure. This scholarship reflects our belief that investing in their growth will strengthen communities, empower families, and expand the continent’s digital future,” he said.

Applicants must be enrolled in 100-level, have scored at least 230 in JAMB, and hold a minimum of five credits in WAEC, including English and Mathematics, in a single sitting. Required documents include Joint Admissions and Matriculation Board (JAMB) results, university admission letter, West African Examination Council (WAEC) certificate, student identity card, and academic transcript or university results.

The Foundation encourages qualified students across the listed institutions to apply and position themselves for a stronger start in the technology sector. Applications can be submitted at candidate.scholastica.ng/schemes/airtelfellowship2025.

 


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