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Deloitte: Nigerian Cyber Security Outlook 2015

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Our 2014 cyber security outlook was an eye-opener into the Nigerian cyberspace as all the predictions made were accurate.

2015 must therefore not be underestimated as the seeming deduction is that the hackers are always one step ahead; this is a gap that must be bridged

31,536,000; the number of seconds that made up the year 2014. Around the world, each second was used effectively by hackers in planning attacks and exploiting vulnerable people, systems and processes.

Brazen attacks unlike anything we have ever witnessed before were carried out and from all indications, 2015 is likely to be another roller coaster ride.

From the reported hack on the US retail giant (Target), to the Sony pictures entertainment security breach, there is a growing trend in terms of bravado on the part of hackers.

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In 2014, the National Assembly of Nigeria made a bold move in the war against cybercrime when the Senate passed the Cybercrime Bill.

This feat in addition to the cyber security strategy and policy documents introduced by the Office of the National Security Adviser (NSA) are attributes that define 2014 as the year of the awakening.

With each cyber-attack, companies lose millions, trust by consumers get eroded and a trove of confidential information are published.

In 2015, we are expecting newspaper front-page headlines to include issues around cyber security incidents.

The year will witness an increase in cyber security issues that may likely reduce towards the last quarter.

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However, the reduction will only be based on a successful implementation of the Bank Verification Number (BVN) and electronic ID by the National Identity Management Committee (NIMC).

Our 2014 cyber security outlook was an eye-opener into the Nigerian cyberspace as all the predictions made were accurate.

2015 must therefore not be underestimated as the seeming deduction is that the hackers are always one step ahead; this is a gap that must be bridged.

Based on current events in both social and economic realms in Nigeria, we have reviewed below some of the cyber security trends and threats that are likely to be significant in 2015.

Phishing And Insider Threats will continue to be biggest cyber threat sources in Nigeria especially as crude oil prices continue to fall:

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Phishing is a form of social engineering that attempts to acquire sensitive information such as usernames, passwords, and ATM card details (and sometimes, indirectly, money) by masquerading as a trustworthy entity in an electronic communication.

Phishing is a continual threat that keeps growing to this day. The risk grows even larger in social media such as Facebook, Twitter, Myspace etc.

An Insider threat is a malicious threat to an organization that comes from people within the organization, such as employees, former employees, contractors or business associates, who have insider information concerning the organization’s security practices, data and computer systems.

As companies take austerity measures such as downsizing and salary slashing due to the falling crude oil prices and the devaluation of the naira, there is a higher risk that employees, former employees or contractors result to cybercrime as a means to maintain their standard of living.

We are likely going to see an unprecedented rise in attacks from disgruntled employees.

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The cybercrime of choice by majority of the Nigerian cyber criminals would be via social engineering.

Intelligently crafted phishing emails and phone calls to naïve customers will increase.

Socially And Politically Motivated Cyber-Attacks:

With the coming elections in 2015, there may be an increase in the cyber-attack of the websites and information technology (IT) infrastructure of political organisations and public institutions possibly as a means of expressing grievances.

Nigeria witnessed a similar occurrence during the socio-political protest movement of January 2012 in response to the fuel subsidy removal by the Federal Government.

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These attacks could be in form of denial of service attacks and website defacements.

Also, there is the potential for increased numbers in local hacker groups to further their agenda by compromising or attacking Government-owned infrastructure.

As such, this is a call to all stakeholders concerned to put the necessary security measures in their cyber infrastructure.

Prosecution Of Cyber Related Crimes Is Likely To Experience A Major Boost:

With the passage of the cybercrime bill by the Senate, organisations will now have legal basis for prosecuting cybercrime once it is signed into law.

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Organizations can put measures in place to track down cyber criminals.

We are likely to see more collaboration between organizations in tackling cybercrime as the Central Bank of Nigeria (CBN) drives the Nigerian e-Fraud Forum (NeFF) – where banks meet to share experiences on fraud and mitigating factors.

The sharing of cyber security intelligence in the financial sector is expected to grow in 2015 and would serve as a model for other areas of the economy.

From the just concluded annual Deloitte Chief Information Security Officer roundtable event in December 2014, there was a recurring theme of cyber security intelligence sharing as a win-win way to tackle cybercrime and be steps ahead of the hacker.

This will also boost efforts in tracking and prosecuting cyber criminals.

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Outsourcing Of Information Security Function:

With the shortage of security specialist skills in many companies, the ever-changing threat landscape and the need for 24/7 monitoring and response on certain technological platform especially in Financial Institutions and telecom companies, organizations will need to continually invest more in implementing additional security infrastructure, security training for their personnel and active recruitment for currently skilled professionals.

And with prudency in budgeting for organizations, more companies will consider outsourcing their information security function as a more viable option.

Increased Compliance Costs In Non-Financial Sectors:

In 2015, we are likely to see new sets of compliance regulations for industries with connection to the financial sector.

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Though the Central Bank of Nigeria (CBN) has regulated the financial services industry with a variety of compliance rules in 2014, we are likely to see talks or nascent development stages of information security compliance standards for other areas of the economy.

There will be an increase in the cost of compliance as regulators may require organizations to comply with new regulations, with repercussions for defaulting.

Also with the adoption of the COBIT5 framework by Nigeria, other sectors will soon need to have security policies that align with leading frameworks and standards.

Senior Level Executives Will Be Held More Accountable And Possibly Fired For Security Breaches:

We are likely to see executive dismissals as a direct result of security breaches.

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Senior level executives will be held more accountable and possibly fired for security breaches if adequate measures are not in place.

More so, if the brand of an organization suffers to recover in time as a result of a security breach, Chief Information Security Officers and Chief Information Officers will come under serious ‘fire’ from the board and top executives as they struggle to cope with incessant attacks on their networks.

According to a report by Gartner, “through 2016, 75% of CISO’s who experience publicly disclosed security breaches and lack documented, tested response plans will be fired.”

The unending battle in cyberspace calls for a more proactive, predictive and robust system that can match tools and techniques used by cyber criminals.

Organizations need to ensure they increase vigilance of their assets, learn from previous mistakes and deploy appropriate countermeasures in order to survive in 2015.

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I wish you a cyber-secure New Year.

Tope is the Head, Cyber Risk Services at Deloitte Nigeria. He currently leads the largest team of information security consultants in Nigeria. Tope has significant security consulting, project management and auditing experience and has served several organizations in Nigeria, Togo, Ghana, South Africa, Cameroon and UK. He has experience performing IT advisory and assurance services to 85% of the commercial banks in Nigeria and over 30% of the companies quoted on The Nigerian Stock Exchange.

 

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NPC Opens 131 Births, Deaths Registration Centres in Anambra

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National Population Commission (NPC) has announced commencement of full digital registration of births and deaths through the VitalReg platform, which became operational nationwide on July 1, 2026.

NPC Opens 131 Births, Deaths Registration Centres in Anambra

Chidi Ezeoke, federal commissioner representing Anambra, disclosed this in Awka during a press conference to announce commencement of full digital birth and death registration under the Electronic Civil Registration and Vital Statistics (E-CRVS) system and the marking of World Population Day commemorated every July 11.

He revealed that a total of 131 registration centres had been opened in the 21 local government headquarters and several communities in the state, adding that more centres would be opened later.

Ezeoke described the initiative as a major milestone in Nigeria’s Civil Registration and Vital Statistics (CRVS) system, to ensure every birth and death in the country was captured through a digitally enabled registration platform.

“It builds on the launch of the E-CRVS system and the inauguration of the National Coordination Committee on Civil Registration and Vital Statistics by President Bola Tinubu on Nov. 8, 2023.

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“A total of 4,011 functional registration centres has been established across the 774 LGAs of the federation and the commission iswas working to expand the number to about 8,000.

“In Anambra, 131 registration centres have been opened in the 21 local government headquarters and several communities. More centres had been proposed for the state,” he said.

According to the Commissioner, the VitalReg platform would provide faster registration services, 24-hour online access, digital certificate issuance where applicable, reduced paperwork and waiting time, improved data validation and a more secure national CRVS database.

While noting that the platform would serve as a foundational database to support other national data systems and strengthen interoperability across Nigeria’s digital identity ecosystem, Ezeoke urged Nigerians and other stakeholders to support the initiative by ensuring prompt registration of all births and deaths.

Speaking on the 2026 World Population Day themed, “Realising the Hopes and Aspirations of Young People – Today and for the Future”, the Commissioner called for greater investment in education, healthcare, skills development, decent employment opportunities and youth participation in governance for sustainable national development.

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Earlier, Mr Obiakonwa Okagwu, state director, NPC, said the occasion served as a reminder of great opportunities provided to harness young people’s capabilities, which he said would shape the future of the country when adequately harnessed.

He called on residents to take registration of births and deaths as national responsibility, just as he urged the media to take the message on civil registration to all parts of the State.

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Report Says Cybercriminals Deploy Malware to Hijack Crypto Wallets, Monitor Browsers Telegram

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Cybersecurity researchers at Kaspersky have uncovered a sophisticated malware framework, dubbed OkoBot, that is targeting cryptocurrency users by stealing wallet recovery phrases, browser credentials and other sensitive information through a multi-stage attack campaign spanning more than 25 countries.

Report Says Cybercriminals Deploy Malware to Hijack Crypto Wallets, Monitor Browsers Telegram

The researchers said the malware, active since April 2025, employs more than 20 malicious payloads and has evolved into an advanced cybercrime platform focused on compromising digital asset holders. According to Kaspersky’s Global Research and Analysis Team (GReAT), the campaign remains active and has already affected hundreds of users worldwide.

Kaspersky disclosed that one of the framework’s most dangerous components, known as SeedHunter, injects malicious code into legitimate cryptocurrency wallet applications, including Ledger Wallet, Ledger Live and Trezor Suite, before displaying fake recovery phrase prompts designed to trick victims into surrendering their seed phrases.

The security firm explained that once attackers obtain a victim’s recovery phrase, they gain complete control over the cryptocurrency wallet, enabling them to transfer digital assets with virtually no chance of recovery.

Commenting on the discovery,  Dmitry Galov, security researcher at Kaspersky’s GReAT, said.

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“This campaign has been running for more than a year and remains active. OkoBot is not just a single piece of malware but an extensible framework built primarily to compromise cryptocurrency users.”

Galov added that the malware is continuously maintained and enhanced, underscoring the attackers’ long-term focus on financial theft.

According to Kaspersky, victims are typically infected through ClickFix phishing attacks or malicious GitHub repositories masquerading as legitimate software downloads. In one instance, a fake Microsoft SQL Server Management Studio repository secretly installed a trojanized version of the Audacity audio editor embedded with malicious code.

Following the initial compromise, the attackers deploy a PowerShell downloader called TookPS,which establishes an encrypted SSH connection to attacker-controlled infrastructure.

The malware then harvests browser cookies, wallet files, stored credentials and system information before downloading additional malicious modules.

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Among the additional payloads is OkoSpyware which monitors more than 100 applications, which includes cryptocurrency wallets and password managers—records user activity and captures keystrokes and video of application windows. Another module silently installs malicious browser extensions capable of stealing financial information and authentication tokens.

However, Kaspersky’s telemetry indicates that the largest concentrations of victims have been recorded in Brazil, Vietnam, Canada, Mexico and Türkiye, although the malware campaign has spread to users across more than 25 countries.

The cybersecurity firm advised cryptocurrency users never to enter wallet recovery phrases into prompts displayed by desktop applications or websites unless they have independently verified their authenticity.

Furthermore,It also urged users to download wallet software exclusively from official sources, enable multi-layered endpoint protection, and remain cautious of software offered through unofficial repositories or phishing websites.

Kaspersky noted that while hardware wallets themselves remain secure, attackers are increasingly exploiting the software that accompanies them, making user awareness a critical line of defence against evolving cryptocurrency-focused cyber threats.

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HURIWA, CLO Protests Bill Asking Social Media Firms’ to Open Shops Nigeria

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Human Rights Writers Association of Nigeria (HURIWA) has opposed a bill seeking to compel major global social media companies to establish physical offices in Nigeria.

HURIWA, CLO Protests Bill Asking Social Media Firms’ to Open Shops Nigeria

The rights advocacy group urged the National Assembly to discard the proposed legislation, warning that it could become a tool for censorship and undermine citizens’ constitutional right to freedom of expression, despite being presented as a measure to strengthen Nigeria’s digital economy and improve corporate accountability.

The position was contained in a presentation submitted yesterday by Emmanuel Onwubiko, national coordinator, HURIWA, to the chairman of the Senate Committee on ICT and Cyber Security.

The bill, sponsored by Senator Ned Munir Nwoko, has already passed second reading in the Senate and is before the committee for further legislative consideration.

HURIWA said it carefully reviewed the proposed legislation and concluded that compelling global technology companies to establish offices in Nigeria was unnecessary and potentially counterproductive.

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The organisation argued that while the firms generate substantial revenue from Nigeria’s vast digital market, they already engage Nigerians through existing structures, including paying eligible content creators, working with local technology professionals and participating in legal proceedings whenever required.

According to the group, appointing local representatives where necessary would adequately address concerns about engagement with regulators and users without forcing the companies to maintain physical offices.

It also dismissed claims that mandatory country offices would significantly improve consumer complaint resolution, technology transfer or employment generation.

HURIWA maintained that the platforms already have effective feedback mechanisms for resolving users’ complaints and routinely appear before Nigerian courts through their representatives whenever litigation arises.

The group, however, said its greatest concern was the potential for the proposed law to be used as an instrument for restricting freedom of expression.

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It argued that establishing local offices could expose global social media companies to pressure from government authorities to remove online content considered critical of those in power.

According to the rights group, the presence of social media companies in Nigeria could become an avenue for authorities to pressure them into abandoning internationally recognised digital rights standards in favour of politically motivated content moderation.

It recalled previous attempts to regulate social media in Nigeria that generated widespread concerns over possible restrictions on free speech, stressing that any legislation affecting the digital space must contain clear safeguards against abuse.

The organisation warned that the proposed law should never become “a backdoor mechanism for government surveillance, arbitrary content removal or political censorship.

 

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