Connect with us

E-Business

Experts Says Terrorist Now Waging War through Cyber Attacks

Published

on

Kindly share this post

Ran Feit, Israeli cyber security expert based in Nigeria, has revealed how Boko Haram and other insurgents all over the world are now attacking government agencies through there porous cyber security.

Feit, however, urged the Nigerian government to begin to set aside budget to protect it Ministries, Departments and Agencies (MDAs) against such attacks.

Speaking with newsmen at the weekend in Abuja, when the Federal University of Technology Minna sent 70 students led by Dr. Idris Ismaila, head of Department Cyber Security Science, to CyberDome’s Security Operation Center to see in real time how CyberDome Professionals respond to and handle cyber-incidents, Feit who is the head of firm said his organisation has collaborated with Federal University of Technology, Minna to ensure a bridge in the academia-industry gap in the area of cybersecurity

“The terrorist today are using cyber; the future wars won’t be with weapons but through the cyber. You can see all around the world, energy, water pumps and power plants shutdown suddenly; think about it! If you don’t have water you don’t have energy and you don’t need to fire a bullet to finish a country.

“When we wanted to do something about cyber security in Nigeria a few years ago but they said there was no budget for such or  we should do something cheap but we are coming from Israel although most of our employees are brilliant young Nigerian guys and all the time I am amazed at how clever they are.

“In Israel cyber security is something that is deep in our budget and we have invested Billions of dollars to defend ourselves and we thought as Nigeria being the largest economy in Africa and one of the biggest or maybe the biggest in Africa we thought maybe this is something we need to be here.

“More than two years ago when no one talked about cyber in Nigeria, we went to kinds of organisations, we explained to them what is the difference between security and cyber and everybody thinks antivirus and firewall is enough.

“Those tools for security are old and not relevant anymore and new tools have been introduced to the market used for fighting cyber. So we established this centre which we also have academy classes; we saw organisations and explained why we need to let them know the threat and I can tell you in the last year the awareness for cyber is much higher than two years ago here in Nigeria.”

Speaking on the need to raise budget against cyber attack, Feit said: “In Switzerland it is the main yearly economic summit which put cyber as the fifth threat in the world after climate and other things; cyber today is the fifth threats in the world, think about it! Everybody is talking with us but the problem is there is lack of budget which is not prioritized.

“We believe that a small percentage needs to be allocated to what the world and not us said this is one of the major threats.”

When asked to explain how terrorists could possibly attack a Nation through Cyber, Feit said: “This is not my field, we are providing defence but we believe we have seen other places in the world terrorists using social media like ISIS, using the social media in a clever way and they also have smart guys also working for them who know how to do cyberattacks and don’t think that they are not using it.

“It will be unwise to think they are not using it but 90 percent of the threats are economic and I believe everyone sometime suffer some kind of cyberattack through some leakage or through some fishing email to get his/her information from the bank into his/her account or through the cellular or leaks of some sort of private information.

“If you have more than 2,000 details of people in your database you need to carry out some actions to protect those details which you don’t want them to leak and there are so many leaks in Nigeria’s details outside including finance and so on. There is a lot of things to be done.”

Also speaking, a cyber security activist, Ayobami Akanji, urged the government to act act swiftly on cyber security in the country.

“As a matter policy and urgency the government is looking towards digital economy. We have a ministry of digital economy and communications, so it has to be a policy trust of the federal government to ensure that all critical agencies that are holding the pillars of national security infrastructures need to double up on the cyber security investment because the world economic forum noted that cyber security is the fifth most important global threat in the world and Nigeria is fighting insurgency and the insurgents are also very smart.

“The insurgents are using technology to advance their causes, so government as a matter of priority for national security should invest seriously into these sub-sectors.

“I think last year the federal government launched national security strategy and amongst the infrastructures we have someone from cyber security and we have a minister of digital communication who is very committed in the person of Dr. Aliyu Patanu. We expect him to double his effort and ensure that the government and critical sub unit of government will invest into this sector.”

 

 


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

Why JustMarkets Is a Strong Choice for Gold Trading

Published

on

Kindly share this post

Over the past four years, gold has risen by more than 400%. The precious metal has long been one of the most traded assets in global financial markets. From its role as a traditional store of value to its sensitivity to inflation, interest rates, and geopolitical uncertainty, gold continues to attract traders seeking efficient and predictable trading opportunities during a period of global uncertainty and high volatility.

Why JustMarkets Is a Strong Choice for Gold Trading

JustMarkets

For traders looking to effectively access gold markets, choosing the right trading environment is as important as timing their entry. One of the most popular and effective gold trading platforms is JustMarkets, offering the tools, conditions, and infrastructure to enable traders to achieve their most ambitious gold trading goals.

Tight Spreads on XAU/USD

Cost efficiency is a critical factor in gold trading, especially for active day traders. JustMarkets offers extremely competitive XAU/USD spreads, allowing traders to open and close positions with reduced transaction costs. Lower spreads can significantly impact short-term strategies, where precision and timing are key to effectively entering a trade. By minimizing trading costs, JustMarkets helps traders focus more on market analysis and finding the ideal entry point, and less on overhead.

Fast and Reliable Execution

Gold is recognized for its volatility, especially during the day, especially with economic announcements or geopolitical events. Speed is of the essence in volatile markets. JustMarkets provides high-speed execution of orders, which helps minimize the risks of delays, especially during periods of high volatility. This ensures that traders are able to respond better to market conditions, thereby having better control over trade management.

Flexible Trading Conditions

Each trader has their own approach to gold, ranging from intraday trading to position trading. JustMarkets offers flexible leverage and account types, enabling traders to adjust their exposure based on their risk tolerance and trading style. This flexibility is suitable for both conservative and aggressive traders while still allowing them to access the same global gold market.

Advanced Platforms and Tools

Successful gold trading is based on thorough technical and fundamental analysis. JustMarkets provides access to industry-standard trading platforms equipped with advanced charting tools, multiple timeframes, and a wide range of indicators for recognizing divergences and clear entry points. These features help traders analyze price trends, identify key levels, and plan their trades with greater confidence.

Accessibility via mobile devices and computers via the JustMarkets Mobile Trading app also ensures traders can monitor positions and market movements from anywhere and at any time.

Education and Market Support

Gold is also affected by factors such as inflation rates, central bank policies, and currency fluctuations. Understanding these factors is important for developing a structured trading strategy.

JustMarkets offers resources for traders, which provide information on how global events can impact the price of gold like case studies, daily, bank and weekly analysis. This is a knowledge-based system, which enables the trader to make more informed decisions rather than relying on the price movements of gold.

Trading Activities That Keep Gold Traders Engaged

In addition to the competitive trading environment, JustMarkets also runs various special activities and campaigns that aim to make the trading experience more interesting. At certain intervals, the special activities may include trading contests on specific trading instruments, such as gold, which are highly sought after by traders. This will give the traders an added impetus to keep trading.

The special activities are designed to encourage trading, consistency, and skill-building among the traders, along with the additional motivation for the trading strategies. This is also in line with the overall philosophy of JustMarkets to create a dynamic trading environment where trading, learning, and motivation are linked together.

A Trading Environment Built for Gold Traders

Gold is still one of the most dynamic markets with the greatest number of opportunities in the world. With tight spreads on XAU/USD, fast execution, flexible trading terms, and access to advanced analytical tools, JustMarkets creates an optimal trading environment for those who want to trade gold efficiently.

In addition to the comprehensive educational assistance, JustMarkets continues to position itself as a strong competitor for traders who are looking for professional trading conditions combined with growth opportunities.


Kindly share this post
Continue Reading

E-Business

Microsoft Expands Africa AI Push while DeepSeek Gains Users

Published

on

Kindly share this post

Microsoft is stepping up its push to expand artificial-intelligence adoption across Africa as competition intensifies with Chinas DeepSeek for influence in one of the worlds youngest and fastest-growing digital markets.

Microsoft Expands Africa AI Push while DeepSeek Gains Users

The company plans to train 3 million Africans on its AI technologies this year through partnerships with schools, universities and other institutions, with a focus on South Africa, Kenya, Nigeria and Morocco.

The effort reflects Microsofts broader attempt to accelerate adoption of its AI ecosystem across emerging markets where developers and enterprises are increasingly experimenting with generative AI tools.

Alongside the training initiative, Microsoft is working with MTN Group (MTNOY), Africas largest telecommunications company, to distribute Microsoft 365 and its Copilot digital assistant to about 300 million subscribers.

The Elevate program is designed to expand AI literacy and reduce cost barriers that might otherwise limit adoption, according to regional leadership.

The push comes as Chinese technology firms expand their footprint across the continent, with DeepSeeks open-source models accounting for roughly 11% to 14% of chatbot use in several African markets and reaching about 20% in countries such as Ethiopia and Zimbabwe following investments tied to digital infrastructure and telecom networks.

Microsoft is also increasing its infrastructure investment in the region.

In South Africa, the company plans to invest 5.4 billion rand, or about $330 million, to expand its cloud and AI capacity by the end of next year, while it is also exploring plans for a geothermal-powered data center in Kenya.

Early corporate adoption is emerging across the continent, with South African grocer Spar Group using Copilot in ways that save more than 700 employee hours annually and Nigerias Access Holdings integrating AI into daily workflows.

Regional leadership has suggested broader AI adoption could potentially contribute up to $1.5 trillion to Africas gross domestic product by 2030 if governments and businesses continue investing in digital infrastructure and AI skills.

 


Kindly share this post
Continue Reading

E-Business

Kaspersky Uncovers a New Android Malware Campaign Disguised as Starlink Application

Published

on

Kindly share this post

Kaspersky Global Research and Analysis Team (GReAT) has uncovered a new Android malware campaign in which cybercriminals distributed the BeatBanker Trojan under the guise of the Starlink application for Android.

Threat actors primarily target users from Brazil; nevertheless, Kaspersky experts don’t rule out that users from other countries may also face this threat.

The Trojan employs a Monero cryptocurrency miner and additionally installs a BTMOB remote administration tool (RAT) on the infected devices. To maintain its persistence, BeatBanker uses an uncommon mechanism involving a nearly inaudible looped audio file.

“At first we saw BeatBanker being distributed under the guise of a public services app; it installed a banking Trojan in addition to a cryptocurrency miner. However, our recent detection efforts uncovered a new campaign with another BeatBanker variant that deploys the BTMOB RAT instead of the banker module.

The attackers appear to be using a fresh lure with the Starlink app to reach more victims from different countries. Therefore, it is important for users to stay vigilant and use advanced solutions to protect their smartphones,” comments Fabio Assolini, Head of the Americas & Europe units at Kaspersky GReAT.

Initial vector of infection

Kaspersky experts believe that cybercriminals distribute a fake Starlink application containing the BeatBanker Trojan through phishing pages that mimic the Google Play Store. After execution on a compromised device, the Trojan displays a user interface that also mimics Google Play. Cybercriminals trick victims into granting installation permissions, thus allowing the download of additional hidden malicious payloads.

Crypto mining and BTMOB RAT module

When a user clicks UPDATE on the fake Google Play page, a Monero cryptocurrency miner deploys. BeatBanker monitors battery percentage and the temperature of an infected smartphone, as well as user activity after which a hidden cryptocurrency miner is started or stopped.

The Android Trojan also installs a BTMOB RAT on the compromised device. BTMOB enables full remote control and is sold as Malware-as-a-Service.

It is capable of automatic granting of permissions, hide system notifications and has mechanisms designed to capture screen lock credentials, including PINs, patterns and passwords on compromised devices. The malware also gives cybercriminals access to the front and rear cameras, GPS location monitoring and constant collection of sensitive data.

To ensure persistence and hinder uninstallation, BeatBanker maintains a fixed notification in the foreground and activates a foreground service with silent media playback. This tactic is designed to prevent the operating system from removing the malicious process.

Kaspersky’s products detect this threat as HEUR:Trojan-Dropper.AndroidOS.BeatBanker and HEUR:Trojan-Dropper.AndroidOS.Banker.*.

 


Kindly share this post
Continue Reading

Trending