E-Business
Check Point Identifies Most Wanted Malware in May 2022

Check Point Research (CPR), the Threat Intelligence arm of Check Point® Software Technologies Ltd. a provider of cyber security solutions globally, has published its latest Global Threat Index for May 2022. Researchers report that Emotet, an advanced, self-propagating and modular Trojan, is still the most prevalent as a result of multiple widespread campaigns.
This month, Snake Keylogger has jumped into eighth place after a long absence from the index. Snake’s main functionality is to record users keystrokes and transmit collected data to threat actors.
Snake Keylogger is usually spread through emails that include docx or xlsx attachments with malicious macros, however this month researchers reported that SnakeKey Logger has been spread via PDF files.
This could be due in part to Microsoft blocking by default internet macros in Office, meaning cybercriminals have had to become more creative, exploring new file types such as PDFs. This rare way to spread malware is proving to be quite effective as some people perceive PDFs to be inherently safer than other file types.
Emotet, is impacting 8% of organizations worldwide, a slight increase from last month. This malware is an agile malware proving profitable due to its ability to remain undetected. Its persistence also makes it difficult to be removed once a device has been infected, making it the perfect tool in a cybercriminal’s arsenal. Originally a banking trojan, it is often distributed through phishing emails and has the ability to offer other malwares, enhancing its capacity to cause widespread damage.
“As evident with the recent Snake Keylogger campaigns, everything you do online puts you at risk of a cyberattack, and opening a PDF document is no exception,” said Maya Horowitz, VP Research at Check Point Software. “Viruses and malicious executable code can lurk in multimedia content and links, with the malware attack, in this case Snake Keylogger, ready to strike once a user opens the PDF.
“Therefore, just as you would question the legitimacy of a docx or xlsx email attachment, you must practice the same caution with PDFs too. In today’s landscape it has never been more important for organizations to have a robust email security solution that quarantines and inspects attachments, preventing any malicious files from entering the network in the first place.”
CPR also revealed that “Web Servers Malicious URL Directory Traversal” is the most commonly exploited vulnerability, impacting 46% of organizations worldwide, closely followed by “Apache Log4j Remote Code Execution” which has a global impact of 46%.
“Web Server Exposed Git Repository Information Disclosure” is in third place with a global impact of 45%. The Education & Research sector continues to be the most targeted industry by cybercriminals globally.
Top Malware Families
*The arrows relate to the change in rank compared to the previous month.
This month, Emotet is still the most popular malware with a global impact of 8%, followed by Formbook with an impact of 2% and AgentTesla impacting 2% of organizations worldwide.
This month in Nigeria, Ramnit is the most popular malware impacting 11.39% of organizations in the country, followed by Phorpiex at 7.59% and Formbook at 5.06%.
- ↔ Ramnit – Ramnit is a modular banking Trojan first discovered in 2010. Ramnit steals web session information, giving its operators the ability to steal account credentials for all services used by the victim, including bank accounts, and corporate and social networks accounts. The Trojan uses both hardcoded domains as well as domains generated by a DGA (Domain Generation Algorithm) to contact the C&C server and download additional modules.
- ↔ Phorpiex – Phorpiex is a botnet (aka Trik) that has been active since 2010 and at its peak controlled more than a million infected hosts. It is known for distributing other malware families via spam campaigns as well as fueling large-scale spam and sextortion campaigns.
- ↔ Formbook – FormBook is an Infostealer targeting the Windows OS and was first detected in 2016. It is marketed as Malware as a Service (MaaS) in underground hacking forums for its strong evasion techniques and relatively low price. FormBook harvests credentials from various web browsers, collects screenshots, monitors and logs keystrokes, and can download and execute files according to orders from its C&C.
The complete list of the top ten malware families in May can be found on the Check Point blog.
Top Attacked Industries Globally
In Africa, this month Communications is the most attacked industry, followed by Government/Military and Retail/Wholesale
- Communications
- Government & Military
- Retail/Wholesale
Top Exploited Vulnerabilities
This month, “Web Servers Malicious URL Directory Traversal” is the most commonly exploited vulnerability, impacting 46% of organizations worldwide, closely followed by “Apache Log4j Remote Code Execution” which has a global impact of 46%. “Web Server Exposed Git Repository Information Disclosure” is in third place with a global impact of 45%.
- ↑ Web Servers Malicious URL Directory Traversal (CVE-2010-4598, CVE-2011-2474, CVE-2014-0130, CVE-2014-0780, CVE-2015-0666, CVE-2015-4068, CVE-2015-7254, CVE-2016-4523, CVE-2016-8530, CVE-2017-11512, CVE-2018-3948, CVE-2018-3949, CVE-2019-18952, CVE-2020-5410, CVE-2020-8260)- There exists a directory traversal vulnerability on different web servers.
The vulnerability is due to an input validation error in a web server that does not properly sanitize the URI for the directory traversal patterns. Successful exploitation allows unauthenticated remote attackers to disclose or access arbitrary files on the vulnerable server.
- ↔ Apache Log4j Remote Code Execution (CVE-2021-44228)- A remote code execution vulnerability exists in Apache Log4j. Successful exploitation of this vulnerability could allow a remote attacker to execute arbitrary code on the affected system.
3.↓ Web Server Exposed Git Repository Information Disclosure- An information disclosure vulnerability has been reported in Git Repository. Successful exploitation of this vulnerability could allow an unintentional disclosure of account information.
Top Mobile Malwares
This month AlienBot is the most prevalent Mobile malware, followed by FluBot and xHelper.
- AlienBot – AlienBot malware family is a Malware-as-a-Service (MaaS) for Android devices that allows a remote attacker, as a first step, to inject malicious code into legitimate financial applications. The attacker obtains access to victims’ accounts, and eventually completely controls their device.
- FluBot – FluBot is an Android malware distributed via phishing SMS messages (Smishing), most often impersonating logistics delivery brands. Once the user clicks the link inside the message, they are redirected to the download of a fake application containing FluBot. Once installed the malware has various capabilities to harvest credentials and support the Smishing operation itself, including uploading of the contacts list as well as sending SMS messages to other phone numbers.
- xHelper – A malicious application seen in the wild since March 2019, used for downloading other malicious apps and display advertisements. The application is capable of hiding itself from the user and reinstalling itself in the case that it was uninstalled.
Check Point’s Global Threat Impact Index and its ThreatCloud Map is powered by Check Point’s ThreatCloud intelligence. ThreatCloud provides real-time threat intelligence derived from hundreds of millions of sensors worldwide, over networks, endpoints and mobiles.
The intelligence is enriched with AI-based engines and exclusive research data from Check Point Research, The Intelligence & Research Arm of Check Point Software Technologies.
E-Business
AI Slows Down some Experienced Software Developers, Study Finds

Contrary to popular belief, using cutting-edge artificial intelligence tools slowed down experienced software developers when they were working in codebases familiar to them, rather than supercharging their work, a new study found.
AI research nonprofit METR conducted the in-depth study, on a group of seasoned developers earlier this year while they used Cursor, a popular AI coding assistant, to help them complete tasks in open-source projects they were familiar with.
Before the study, the open-source developers believed using AI would speed them up, estimating it would decrease task completion time by 24%. Even after completing the tasks with AI, the developers believed that they had decreased task times by 20%. But the study found that using AI did the opposite: it increased task completion time by 19%.
The study’s lead authors, Joel Becker and Nate Rush, said they were shocked by the results: prior to the study, Rush had written down that he expected “a 2x speed up, somewhat obviously.”
The findings challenge the belief that AI always makes expensive human engineers much more productive, a factor that has attracted substantial investment into companies selling AI products to aid software development.
AI is also expected to replace entry-level coding positions. Dario Amodei, CEO of Anthropic, recently told Axios that AI could wipe out half of all entry-level white collar jobs in the next one to five years.
Prior literature on productivity improvements has found significant gains: one study found using AI sped up coders by 56%, another study found developers were able to complete 26% more tasks in a given time.
But the new METR study shows that those gains don’t apply to all software development scenarios. In particular, this study showed that experienced developers intimately familiar with the quirks and requirements of large, established open source codebases experienced a slowdown.
Other studies often rely on software development benchmarks for AI, which sometimes misrepresent real-world tasks, the study’s authors said.
The slowdown stemmed from developers needing to spend time going over and correcting what the AI models suggested.
“When we watched the videos, we found that the AIs made some suggestions about their work, and the suggestions were often directionally correct, but not exactly what’s needed,” Becker said.
The authors cautioned that they do not expect the slowdown to apply in other scenarios, such as for junior engineers or engineers working in codebases they aren’t familiar with.
Still, the majority of the study’s participants, as well as the study’s authors, continue to use Cursor today.
The authors believe it is because AI makes the development experience easier, and in turn, more pleasant, akin to editing an essay instead of staring at a blank page.
“Developers have goals other than completing the task as soon as possible,” Becker said. “So they’re going with this less effortful route.”
E-Business
Firm Uncovers $500K Crypto Heist Through Malicious Packages

Kaspersky GReAT (Global Research and Analysis Team) experts have discovered open-source packages that download the Quasar backdoor and a stealer designed to exfiltrate cryptocurrency. The malicious packages are intended for the Cursor AI development environment, which is based on Visual Studio Code — a tool used for AI-assisted coding.
The malicious open-source packages are extensions hosted in the Open VSX repository that claim to provide support for the Solidity programming language. However, in practice, they download and execute malicious code on users’ devices.
During an incident response, a blockchain developer from Russia reached out to Kaspersky after installing one of these fake extensions on his computer, which allowed attackers to steal approximately $500,000 worth of crypto assets.
The threat actor behind these packages managed to deceive the developer by making the malicious package rank higher than the legitimate one. The attacker achieved this by artificially inflating the malicious package’s downloads count to 54,000.
After installation, the victim gained no actual functionality from the extension. Instead, malicious ScreenConnect software was installed on the computer, granting threat actors remote access to the infected device.
Using this access, they deployed the open-source Quasar backdoor along with a stealer that collects data from browsers, email clients, and crypto wallets. With these tools, the threat actors were able to obtain the developer’s wallet seed phrases and subsequently steal cryptocurrency from the accounts.
After the malicious extension downloaded by the developer was discovered and removed from the repository, the threat actor republished it and artificially inflated its installation count to a higher number – 2 million, compared to 61,000 for the legitimate package. The extension was removed from the platform following a request from Kaspersky.
“Spotting compromised open-source packages with the naked eye is becoming increasingly difficult. Threat actors are using increasingly creative tactics to deceive potential victims, even developers who have a strong understanding of cybersecurity risks — particularly those working in the blockchain development field.
As we expect adversaries to continue targeting developers, it is recommended that even experienced IT professionals deploy dedicated security solutions to safeguard sensitive data and prevent financial losses,” commented Georgy Kucherin, Security Researcher with Kaspersky’s Global Research and Analysis Team.
The threat actor behind the attack published not only malicious Solidity extensions but also another NPM package, solsafe, which also downloads ScreenConnect. A few months earlier, three additional malicious Visual Studio Code extensions were released — solaibot, among-eth, and blankebesxstnion — all of them have already been removed from the repository.
E-Business
NITDA Reaffirms Commitment to 95% Digital Literacy by 2030, as UBEC Pledges Collaboration

Kashifu Inuwa CCIE, the Director General of the National Information Technology Development Agency (NITDA), has reaffirmed the Federal Government’s unwavering commitment to achieving 95% digital literacy across Nigeria by the year 2030, with an ambitious milestone of 70% by 2027.
This disclosure was made in total alignment with the present administration’s priority areas of reforming the economy for sustained inclusive growth and accelerating diversification through industrialisation, digitisation, creative arts, manufacturing, and innovation.
Making this known during a collaborative meeting hosted by the Universal Basic Education Commission (UBEC), Inuwa highlighted the government’s strategic prioritisation of human capital development as central to its national transformation agenda.
“We started this journey in 2023 when President Bola Ahmed Tinubu came on board and he made it clear that economic diversification and inclusivity are part of the administration’s agenda,” he noted.
“And the president outlined this in 8 priority areas to achieve the vision, with priority number 7 specifically focused on accelerating industrialisation, digitisation, creative arts, manufacturing, and innovation,” he added.
Recognising the importance of digital fluency in achieving this agenda, he stated that NITDA is committed to investing in the digital empowerment of citizens through the development of the National Digital Literacy Framework (NDLF), a strategic blueprint aligned with international best practices.
He added that to tailor the framework to Nigeria’s specific needs, 6 core competency areas were incorporated to include device and software operations, information and data literacy, communication and collaboration, content creation, safety, and problem solving.
He explained that the framework would address all levels of digital fluency, from basic, intermediate to advanced levels, to make digital skills accessible to every Nigerian, from primary school pupils to working professionals.
According to Inuwa, despite data limitations, NITDA estimates that Nigeria’s digital literacy rate currently stands at 50%, up from 44% in 2021, based on extrapolations from the World Bank’s Better Life Report.
The NITDA DG disclosed that the agency has been working closely with the Nigerian Educational Research and Development Council (NERDC) in developing a curriculum for digital literacy, which can be infused into formal education. Stating that the visit is a continuation of NITDA’s ongoing engagements with key education stakeholders, including the Federal Ministry of Education, the National Universities Commission (NUC), and the Nigerian Educational Research and Development Council (NERDC), all aimed at advancing digital literacy across all levels of learning.
Inuwa also revealed ongoing collaborations with global platforms such as Coursera to train teachers using AI-powered lesson generation tools and provide scalable online training.
It is worth recalling that late last year, NITDA partnered with the Nasarawa State University in collaboration with CISCO in launching the Digital Learning for NSUK (DL4NSUK) initiative to enhance digital literacy in tertiary institutions, and equipping graduates with the skills needed to be digitally proficient and globally competitive.
While stressing that the entire process, from curriculum development to classroom delivery, would require a whole-of-government and whole-of-society approach, Inuwa said, “This is not a journey we can walk alone; we must bring everyone on board, education stakeholders, technology providers, state governments, and international partners.”
In response to the DG’s remarks, UBEC Executive Secretary, Hajiya Aisha Garba, confirmed that the Commission has officially received the digital literacy curriculum developed by NITDA and NERDC and has commenced internal review processes.
She acknowledged the curriculum as robust and forward-looking but stressed the need for simplification to suit early learners and teachers, citing challenges such as curriculum overload, limited teacher capacity, and inadequate infrastructure as key barriers to effective implementation.
She pledged that UBEC, in partnership with the State Universal Basic Education Board (SUBEB), will lead efforts to equip schools with computers and solar-powered infrastructure to support real learning.
“We’re committed to working with NITDA and NERDC to refine the curriculum, train teachers, and ensure effective delivery. Let us align the technical vision with grassroots realities to make a lasting impact,” she concluded.
To formalise the implementation of the meeting’s resolutions, a joint inter-agency committee was established to develop strategic plans that will ensure the effective rollout of the digital literacy initiative, to equip young Nigerians with the essential digital skills required to thrive in an increasingly dynamic and technology-driven global landscape.
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