Connect with us

E-Business

Ekeh, Zinox Boss, Warns Entrepreneurs on Executive Blackmail

Published

on

Leo-Stan Ekeh
Kindly share this post

Leo Stan Ekeh, serial digital entrepreneur and chairman, Zinox Group, has advised budding Nigerian entrepreneurs to be wary of the rising threat of executive blackmail, noting that in the 21st century, they have to remain selectively deaf and dumb to be successful as too many people are talking at the same time.

Ekeh, Zinox Boss, Warns Entrepreneurs on Executive Blackmail

Leo Stan Ekeh

The Zinox boss made this disclosure on Saturday during the fourth annual digital entrepreneurship case study forum which happened virtually this year with the theme – Salient issues that may distract Entrepreneurs in Africa.

‘‘Most of these people are mature blackmailers who feed and train their children with money criminally earned from blackmail. Please, you must stay focused on your business and never patronize them as that is their trade but they would gradually disappear as they hawk from one sector to another to survive. The social media gives a free platform to selectively reply and clear any doubts aimed at destroying your brand.

‘‘Things have changed and COVID-19 has forcefully enhanced the digitally profile of over 50% of urban population. Blackmailers and detractors are yet to come to term with the reality that the world has moved forward. Don’t patronize them. They are like armed robbers,’’ he warned.

Using himself as an example, Ekeh said it is a clear policy in his companies never to pay a kobo to blackmailers.

‘‘We will never do.  In the Third World and Nigeria in particular, it is an industry, so you must not patronize them. I am sure you have been reading a series of defamatory articles from Premium Times and their partner, Mr. Joseph Benjamin of Citadel Ltd, Ibadan against me and my company Zinox.

‘‘I made it clear to them that we do not engage with blackmailers but if they seek any clarifications, we are ready to make that available within 24hours. In summary, we had published several times our position, that I do not know Mr. Benjamin Joseph and Zinox never transacted any business with him and he should please publish proofs, if otherwise. Premium Times is the only media house in Nigeria that has no eyes to see the truth, it can only be commercial.

‘‘First, Citadel Oracle Ltd, Ibadan has no reputation to transact business with any member of the Group except guaranteed by a credible company or person. How can I and Zinox be indicted, for what? We have no case against us in any court, the Police or EFCC. Please let him publish and tell the world which court in Nigeria summoned me and my staff and I refused to attend to them. I am aware the same Joseph has been accused of attempting to blackmail Access bank Plc, EFCC, the former IGP and current senior Police officers, the Attorney General of the Federation, his Directors and also written the Vice President. After his petition was investigated by EFCC and Police and was found to be absolutely false, he was sued by the Police for false information. I understand he has refused to appear in court to defend a case he reported but instead has chosen to work with the Premium Times to tarnish the image of credible Nigerians.

‘‘Mr. Joseph is well known for his antics and works with select media to blackmail and extort money from people. We are aware he is being sponsored by our competitors to destroy my global Platinum credit rating by writing rubbish but they forgot we are in the 21st century where data is king and that I have built my Group as a child of trust economy for over 35years. He is happily feeding on the fund he is collecting from our competitors and our competitors cannot withdraw from shooting out cash,else he will turn against them,’’ he stated.

In addition, Ekeh counselled participants not to toe the line of other unscrupulous business owners against their competitors.

‘‘Please never waste your time engaging blackmailers against your competitors. Stay focused, you will surely emerge. Blackmailers are loyal to cash and not you. As your business grows, you may not be able to micro–manage. If you receive complaints from customers, please investigate before you react. When I read the fake news on the Joseph case, I hired some security consultants who dug into his past and present and I also investigated my staff and I have comprehensive intelligent report and that was why I called his bluff and that of Premium Times.

‘‘Quality security report saves companies a lot of cash. You must provide for it under your legal budget. We have been in business for 35years. This is our first major blackmail attempt because a lot of people who tried it in the past withdrew on their own, because we will never pay. Mr. Joseph has just hired one Damilola Olujide of SOL PR after credible media houses refused to accept the fake publication by Premium Times. It is just a smart move to add more publications to their fake news.’’

Continuing, Ekeh told budding entrepreneurs during the session that the second source of distraction are awards and recognitions.

‘‘I advise you to focus on building successful business and don’t waste your time looking for awards when you have built nothing. In Africa, you have seen companies win awards as the best in their sector, only to file for bankruptcy same year. Immediately you focus on awards and different recognitions, you have started to fail, but when you truly achieve, you will be sought after and you know you really earned such recognitions.

‘‘During our time, awards by perception was proof that you are very successful. This time around, a lot of people can use their devices and remotely know the health of your company. Again, using my companies and myself as a good example, we are in an unusual business which is technology business and we only stayed focused on technology-related awards and recognitions. We have politely rejected many non-related and political-driven awards because it does not add value to our companies.

‘‘You must appreciate the fact that some of the organizers are innocent and just want to recognize you or your company. Be selective and accept awards that add impetus to your brand. It is important to build a structured company that will win quality awards in future. Last month for example, I received a letter from AMAC Abuja for a street to be named after me. I thanked them but could not reconcile why a street should be named after me because I have a different view about life.

‘‘All my colleagues, friends and families know that I don’t want to be celebrated after my death because I am not on earth to be appreciated. They proposed a street which I funded the construction with my friend and still it did not make sense to me because the intention wasn’t for it to be named after me. On their own, they named it after me. Yes, I know I have reasonably achieved and could be so honored, but frankly, what value does it add to me, my family and group? I am not a status-driven entrepreneur, so cannot reconcile it. I have written to appreciate them with a clause and that is confidential. Again, please focus to achieve and all other things shall come to you as a right,’’ he stated.

Meanwhile, Ekeh, a global advisor to globally renowned tech giant, Microsoft, identified the third and final factor as conscience.

‘‘This will answer a lot of queries you people raised when the HealthPlus controversy broke out. Conscience, you may like to note, is the biggest asset God gave to us free of charge, but a lot of people ignore their conscience and build wealth that end up destroying them. It is more important to build wealth that earns you respect amongst friends, colleagues and families. You must prick your conscience in your relationship with customers, partners and even enemies. This is the only way to sustain prosperity and peace of mind.

‘‘First, I want to state here that I have the highest regard for Mrs. Bukky George, founder and CEO of HealthPlus. It is extremely difficult for a man to achieve the pharmacy chain she has built. There is no way on earth I would support the hijack of her company and by a foreign company for that matter. My mother was a successful entrepreneur, my wife, my daughters are all successful entrepreneurs.As a man, I know the pain they go through and that was why I described her as a miracle child.

‘‘It will be spiritually wrong for me to think anyone at all should not benefit from the sweat of his or her effort. Like I explained, I do not and will not own a kobo share in any of their companies. I only advise those who seek my advice and that was what I did and may be it was innocently misunderstood, but I consider Mrs. Bukky George a brilliant entrepreneur and she has realized the truth and we are best of friends again. You must have a forgiving mind to be truly successful.’’

The serial digital entrepreneur concluded by advising them that as they build, they must learn from their past mistakes to strengthen the future.

‘‘To be successful and sustain it in Africa, you must be close to God, or Allah if you are a Moslem.  There is a lot of envy if you are perceived successful, but the future holds a lot of promises as most of the obstacles today would have been dismantled in the next 15 years,’’ he concluded.

The forum which held via Zoom also witnessed a question and answer session from participants.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

E-Business

Kaspersky Reveals Credential Abuse Techniques Rank as Attackers’ Most Effective Tactic

Published

on

Kindly share this post

According to a recent global report by Kaspersky Security Services, password guessing and valid account misuse rank among the most effective tactics used by cyber criminals in 2025.

This trend reflects a strategic shift, as attackers move away from triggering endpoint protection with noisy malware, in preference of leveraging legitimate access to evade detection.

The ‘Anatomy of a Cyber World’ is an in-depth global report based on data gathered from Kaspersky Managed Detection and Response (MDR), Incident Response (IR), Compromise Assessment and SOC Consulting in 2025. It covers the most common adversary techniques, tools and detection scenarios and highlights the peculiarities of detected incidents.

According to the report, a significant portion of the most frequently monitored attack techniques revolves around credentials and identity management. This analysis, which examines the conversion rates* of various Indicators of Attack (IoA), highlights the following prevalent malicious tactics:

Password guessing – 34.8%. This technique entails attackers systematically trying different passwords until successfully gaining access to an account. It tops the conversion list due to its occurrence in both actual attacks and authorised security assessments, making it a persistent threat in today’s cybersecurity landscape. Organisations who rely on weak or reused passwords continues to enable this age-old strategy.

Local account creation – 34.7%. Once inside a system, attackers frequently create new local accounts to maintain access even if their original foothold is discovered and removed. This technique is frequently observed during security exercises and can be detected — but only with the right telemetry in place, which is often lacking.

Valid account abuse – 34.5%. Instead of deploying malware, attackers log in using stolen or compromised credentials and simply blend in with normal user activity. This makes detection significantly harder, as the access itself appears legitimate. The high conversion rate underscores why compromised credentials remain one of the most dangerous attack vectors.

Account manipulation – 32%. Attackers modify existing accounts to consolidate access such as by activating disabled accounts, altering group memberships, or escalating privileges. This reinforces the broader pattern — rather than introducing new tools, adversaries deepen their control using what is already there.

Network service discovery – 31.2%. Before moving deeper into a network, attackers typically scan for open services and systems they can reach. This reconnaissance step is a strong predictor of what follows: lateral movement and further exploitation. Detecting it early provides security teams a critical window to intervene.

The report ranks attacker techniques by how frequently observed activity ultimately resulted in confirmed malicious incidents. According to Kaspersky experts, while MITRE ATT&CK® catalogs a vast number of adversary techniques, effective detection requires prioritising behaviours with the highest probability of malicious intent while avoiding excessive false positives.

“Threat actors do not always need sophisticated malware to achieve their objectives. In many cases, legitimate administrative tools and compromised accounts remain the fastest and most effective way to move inside an organisation while avoiding detection.

The continued popularity of these techniques shows that organisations need deep visibility into attacker behaviour and the ability to correlate suspicious activity across different stages of an attack.

To address these challenges, companies can enhance their security with our solutions: Kaspersky Managed Detection and Response and Incident Response which cover the entire incident management cycle – from threat detection to continuous protection and remediation,” comments Sergey Soldatov, Head of Security Operations Center at Kaspersky.


Kindly share this post
Continue Reading

E-Business

INEC Probes Claims of Leaked Voter Data from CVR System

Published

on

Kindly share this post

Independent National Electoral Commission (INEC) has started looking into reports of unauthorized access to its Continuous Voter Registration (CVR) database, according to Mohammed Kudu Haruna, national commissioner and chairman of the Information and Voter Education Committee (IVEC),

INEC Probes Claims of Leaked Voter Data from CVR System

Haruna, in a statement on Tuesday said that was aware of the allegations spreading on social media and in some news outlets.

“The Independent National Electoral Commission is aware of rumors currently circulating on social media and in certain media about unauthorized access to the Commission’s Continuous Voter Registration  (CVR) database.

These claims include the publication of information about a candidate from recent political party primaries in the Federal Capital Territory.

“The Commission takes this allegation very seriously and has quickly begun a thorough investigation to find out what really happened,” the statement noted.

INEC clarified that during the ongoing nationwide CVR process, registered officers were given limited access to specific parts of the registration system.

This access helps them manage voter registrations, transfer requests, and updates to voter records.

The commission stated that access to the information is only allowed for official duties and is taken away once the task ends.

Haruna revealed that initial findings from the commission’s audit trail helped pinpoint the user account used to access the information.

“The audit trail from our early investigation has allowed us to find out which user account was involved. As a result, we’ve questioned relevant staff, and all departments related to this matter are fully cooperating with the investigation,” it mentioned.

The commission also said it is looking into all technical, administrative, and operational details of the situation to figure out who is responsible and whether any internal access-control rules were broken.

However, INEC reported that its early findings indicated there was no outside breach of its systems.

Advertisement

“Our initial findings from the audit trail suggest that there was no external breach of the CVR database, no hacking incident, and no unauthorized outside access to our ICT systems.”

“Instead, the information in question was accessed using valid user credentials assigned to personnel involved in the ongoing CVR exercise but was released without proper authorization,” added the statement.

The commission emphasized that this incident involved retrieving a specific voter record and did not indicate any risk to the overall voter registration system or the personal data of over 90 million registered voters.

“The investigation is focused on the retrieval of a specific voter record and does not suggest any risk to the overall voter registration system or the personal data of over 90 million registered voters, according to the statement.

INEC emphasized that it is dedicated to safeguarding voter information and ensuring the integrity of its electoral systems.

“The Commission clearly states that it takes the security, privacy, and integrity of voter data very seriously. It remains committed to transparency, institutional integrity, and protecting voters’ personal details,” the statement noted.

The commission also announced that the Department of State Services has started its own investigation into this issue.

“Additionally, the Department of State Services has independently begun an investigation. The Commission will fully cooperate with all relevant security agencies and will not hesitate to take legal action against anyone found responsible,” the statement continued.

INEC encouraged the public and media to refrain from making assumptions while investigations are ongoing, promising that it will share its findings and any actions taken in due time.


Kindly share this post
Continue Reading

E-Business

Firm Warns of Attackers Using Text Symbols to Form Malicious QR Codes

Published

on

Kindly share this post

QR codes embedded in emails have long been a tool for phishing and scams, and back in the second half of 2025 there was a fivefold surge in QR phishing attacks detected by Kaspersky.

Now Kaspersky researchers have identified a new phishing tactic in which attackers construct QR codes using text characters rather than traditional images. This method allows such malicious QR codes to bypass many email security solutions that rely on image scanning or link detection.

Early computers were incapable of rendering true graphics, and images on them were composed entirely of text characters. Historically this was done with symbols from the ASCII (American Standard Code for Information Interchange) character set, introduced in 1963. Images created using this technique were called ASCII graphics. Later other character sets (like Unicode) were also utilised to create images, but the term ASCII graphics remained.

In the 2000s, spam senders already used images built from text symbols. By using text-based graphics instead of embedded images, attackers tried to avoid detection mechanisms that analyse pictures for hidden URLs.

With ASCII graphics used to create QR codes, the phishing scheme follows a familiar pattern as with QR codes in images which Kaspersky described earlier. Victims receive an email allegedly coming from a business partner, claiming to include a confidential document for signature via DocuSign.

The message instructs the recipient to scan a QR code to access the document, leading to a fake website where corporate credentials are requested. With the QR code laid out in text characters, many protective solutions would fail to identify any suspicious links.

“We have previously seen phishers try to avoid link scanning by hiding URLs in images. Now they are attempting to evade image-based scanning by returning to text – this time to render a QR code. Any instance where a QR code prompts someone to enter corporate credentials on a mobile device should raise immediate suspicion.

When the QR code is formed using textual ASCII art, it is almost certainly a phishing attempt or a lure to a malicious URL. This trick has only one purpose: bypassing security technologies,” commented Roman Dedenok, Anti-Spam Expert at Kaspersky.

To defend against this threat, Kaspersky recommends deploying a proven mail server security solution such as Kaspersky Security for Mail Server that provides secure corporate email exchange, countering spam, email-borne infections, all forms of phishing, business email compromise (BEC), QR code attacks, and other threats.


Kindly share this post
Continue Reading

Trending