E-Business
Check Point Identifies Trickbot, Emotet and the Log4j Plague as December 2021’s Most Wanted Malware

Check Point Research, the Threat Intelligence arm of Check Point Software Technologies, a leading provider of cyber security solutions globally, has published its latest Global Threat Index for December 2021.
In a month that saw the Apache Log4j vulnerability sweep the internet, researchers reported that Trickbot is still the most prevalent malware, albeit at a slightly lower rate affecting 4% of organizations worldwide (5% in November).
The recently resurgent Emotet has swiftly risen from seventh position to second. CPR also reveals that the most attacked industry continues to be Education/Research.
This month “Apache Log4j Remote Code Execution” is the most exploited vulnerability, affecting 48.3% of organizations globally. The vulnerability was first reported on December 9th in the Apache logging package Log4j – the most popular Java logging library used in many Internet services and apps with over 400,000 downloads from its GitHub project.
The vulnerability caused a new plague, impacting almost half of all companies worldwide in a very short space of time. Attackers are able to exploit vulnerable apps to execute cryptojackers and other malware on compromised servers.
Until now, most of the attacks have focused on the use of cryptocurrency mining at the expense of the victims however, advanced attackers have started to act aggressively and take advantage of the breach on high-quality targets.
“Log4j dominated headlines in December. It is one of the most serious vulnerabilities we have ever witnessed, and due to the complexity in patching it and its easiness to exploit, it is likely to stay with us for many years to come unless companies take immediate action to prevent attacks,” said Maya Horowitz, VP Research at Check Point Software. “This month we have also seen the Emotet botnet move from the seventh most prevalent malware to the second.
Just as we suspected, it has not taken long at all for Emotet to build a strong foothold since it resurfaced in November. It is evasive and is spreading fast via phishing emails with malicious attachments or links.
It is now more important than ever to have a robust email security solution in place and to ensure that users know how to identify a suspicious looking message or attachment.”
CPR revealed this month that Education/Research is the most attacked industry globally, followed by Government/Military and ISP/MSP. “Apache Log4j Remote Code Execution” is the most commonly exploited vulnerability, impacting 48.3% of organizations globally, followed by “Web Server Exposed Git Repository Information Disclosure” which affects 43.8% of organizations worldwide. “HTTP Headers Remote Code Execution” remains in third place in the top exploited vulnerabilities list, with a global impact of 41.5%.
Top malware families
*The arrows relate to the change in rank compared to the previous month.
This month, Trickbot is the most popular malware impacting 4% of organizations worldwide, followed by Emotet and Formbook, both with a global impact of 3%.
In Nigeria, Ramnit is the most popular malware impacting 12.64% of organizations in the country, followed by Phorpiex at 10.34% and Formbook with a country impact of 8.05%.
- ↔ Ramnit – Ramnit is a banking Trojan which incorporates lateral movement capabilities. Ramnit steals web session information, enabling the worm operators to steal account credentials for all services used by the victim, including bank accounts, corporate and social networks accounts.
- ↑ Phorpiex – Phorpiex is a botnet (aka Trik) has been since 2010 and at its peak controlled more than a million infected hosts. Known for distributing other malware families via spam campaigns as well as fueling large-scale spam and sextortion campaigns.
- ↔ Formbook – First detected in 2016, FormBook is an InfoStealer that targets the Windows OS. It is marketed as 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.
Top Attacked Industries Globally:
This month, Education/Research is the most attacked industry globally, followed by Government/Military and ISP/MSP. In Africa the most attacked industry is Communications followed by ISP/MSP and Finance/Banking.
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Top exploited vulnerabilities
This month, “Apache Log4j Remote Code Execution” is the most commonly exploited vulnerability, impacting 48.3% of organizations globally, followed by “Web Server Exposed Git Repository Information Disclosure” which affects 43.8% of organizations worldwide. “HTTP Headers Remote Code Execution” remains in third place in the top exploited vulnerabilities list, with a global impact of 41.5%.
- ↑ 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.
- ↔ 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.
- ↔ HTTP Headers Remote Code Execution (CVE-2020-10826,CVE-2020-10827,CVE-2020-10828,CVE-2020-13756) – HTTP headers let the client and the server pass additional information with an HTTP request. A remote attacker may use a vulnerable HTTP Header to run arbitrary code on the victim machine.
Top Mobile Malwares
This month, AlienBot takes first place in the most prevalent Mobile malwares, followed by xHelper and FluBot.
- 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.
- 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 can even reinstall itself in the event that it was uninstalled.
- FluBot – FluBot is an Android botnet distributed via phishing SMS messages, most often impersonating logistics delivery brands. Once the user clicks the link inside the message, FluBot is installed and gets access to all sensitive information on the phone.
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
FG Mulls Fibre Optic Layout to Bridge Internet Gaps

President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.
His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.
He said the fibre optic layout is part of other projects being embarked on.
“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.
“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.
He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.
In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.
The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.
Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.
It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.
E-Business
African Startups Raised $345m in Funding in May

African startups raised more than $345 million across 65 deals in May, more than double the amount raised in the same period of last year, according to a report by Briter, a research and business intelligence firm.
The report disclosed that both the number of deals and participating companies declined, confirming a growing trend of fewer companies raising funds in larger sizes.
It said fintech attracted the highest share of funding in May, accounting for 34 percent of the total, while cleantech followed closely, driven by a debt deal from Sun King. The company raised $80 million (in local currency) to expand clean energy access in Nigeria.
“Equity remains the primary instrument in terms of total value. There’s no doubt about it; in fact, equity deals with disclosed amounts captured more than half of the total funding volume in May.
“However, debt financing is increasingly proving its weight. Although it accounted for only 8 percent of all deals, it represented 32 percent of the total funding, highlighting the typically larger size of debt transactions. With the rise of specialised vehicles targeting early-stage businesses, debt is becoming an increasingly important part of Africa’s innovation funding landscape,” it said.
Briter’s report added that grants continued to play a vital role in early-stage support, especially in the education technology (EdTech) sector. The Mastercard Foundation led the pack in grant activity, funding a new cohort of EdTech innovators in Nigeria and Kenya. Each selected startup is set to receive $100,000 in grant funding, in addition to mentorship and business development support.
Multilaterals also made a strong showing in May, it said. The Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, issued a $179.6 million guarantee to CleanTech firm KOKO Networks. The support will help scale its clean energy solutions across Kenya.
“This deal not only demonstrates growing international confidence in African climate ventures but also signals a promising pathway for other asset-intensive startups in clean cooking, agriculture, and renewable energy,” the report said.
From a geographic perspective, Egypt emerged as the continent’s fundraising powerhouse for the month, contributing 51 percent of all funding raised. The country recorded 12 deals across equity, debt, and bond instruments. Notably, FinTech platform MNT-Halan raised $50 million through a bond issuance, further illustrating the diversification of capital-raising mechanisms in the region.
Outside Egypt, funding was distributed across Africa’s three other key markets, which are Egypt, Nigeria, and Kenya, with limited activity recorded in countries such as Ghana, Tunisia, Morocco, and Uganda, each registering between one and three deals.
In terms of exits, the African tech landscape continues to mature. Three companies—Baobab+, Qardy, and Shopa—were acquired in May, bringing the total number of exits this year to 22. This already surpasses last year’s count for the same period. Qardy was acquired by Catalyst Partners Middle East (CPME) in a disclosed deal valued at $23 million, the report added.
E-Business
Human Hacking: When Cyber Criminals Target You

By Nancy Werteen
When you get anti-hacking advice, you’ve probably heard “Don’t use a simple password,” or “Don’t plug in that USB you found on the ground.”
But there’s one form of hacking that doesn’t always require a computer, and it costs businesses about 4.88 million dollars a year.
Modern hackers aren’t trying to get into your computer; they’re trying to get into you.
“They’ll try to learn about you a little bit, and they’ll try to use that information against you to try to get you to complete some action, maybe to send somebody some money,” said Kevin Moran, PhD, Assistant Professor of Computer Science, Cyber Security and Privacy Cluster, University of Central Florida.
IBM calls this human hacking, because it exploits human error instead of system error.
“With people just being busy and maybe not very carefully checking some of the emails or the phone calls that they get, can be something unfortunately that people can fall victim to,” said Moran.
Also known as social engineering, this often takes the form of phishing, where the hacker tries to “fish” the information out of you by impersonating family, friends, or even your bank.
There’s also baiting, where the hacker baits you with something of value. Remember the Nigerian prince scam?
That’s a famous example of baiting. There’s also pretexting, where the hacker will claim the victim has already been hacked, and that the hacker can fix it if you just send over your passwords. So, what can you do?
“Just as a rule of thumb, instead of clicking on links and emails, just go to the website yourself. And that will prevent, a lot of these types of attacks from happening,” explained Moran.
Phishing can take many forms.
Spear phishing targets people with access to confidential information, often to get access into an entire business, and whale phishing targets CEOs or political figures.
Search engine phishing is when hackers create fake websites promising services or goods you’ll never receive.
Angler phishing is when hackers create fake social media accounts impersonating famous people or companies.
Finally, vishing and smishing is phishing done through phone calls and texts respectively.
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