E-Business
Global Hunt for Nigerian Spreading Computer Virus

A Nigerian allegedly working alone around Abuja has stirred a global hunt as he orchestrated numerous malware infection campaigns targeting more than 4,000 organisations globally over the past four months, a cyber security company claimed.
www.Securityweek.com quoting Check Point security researchers said the attacks targeted various companies in industries such as oil & gas, manufacturing, banking, and construction, in an attempt to steal data and commit fraud.
Many of the companies are leading international names and some have had their defenses breached by the attacks, the security researchers reveal.
According to Check Point, at least a dozen companies confirmed they have been infected during the campaign, including a marine and energy solutions company in Croatia, a transportation company in Abu Dhabi, a mining company in Egypt, a construction company in Dubai, an oil & gas firm in Kuwait, and a construction organization in Germany.
Despite the large scale campaign, behind it is not an expert gang of cybercriminals or a nation state actor, but “a relatively unskilled man in his mid-20s, operating from a location near the capital of Nigeria,” Check Point discovered.
Working on his own, the Nigerian uses fraudulent emails seemingly coming from oil and gas giant Saudi Aramco, the world’s second largest daily oil producer.
The phishing messages target financial departments within companies in an attempt to trick employees into revealing company bank details or into opening a malware-infected attachment.
The malware used in these attacks includes NetWire, a remote access Trojan that provides its operator with full control over infected machines, and Hawkeye, a software for logging key strokes (malware already associated with Nigerian cybercriminals).
The attacks eventually resulted in a total of 14 successful infections. The cybercriminal ended up earning thousands of dollars in the process, the researchers said.
Despite showing a low level of cyber-skills, using crude and unsophisticated fraudulent emails, with almost no research or social engineering involved in creating them, the attacker was successful in his attempts.
The attacker used generic email titles, phrased as “Dear Sir/Ms,” sent the same email to numerous targets, “all in blind carbon copy, urging victims to send back banking details, perhaps for future scams.”
He sent the emails from email addresses [email protected], and [email protected]. The fraudster used old, generic and readily available online malware, as well as freeware to ‘scrape’ email addresses from corporate websites and used them as targets for his campaigns.
“The fact that the campaign was still effective, despite using only basic cyber-criminal techniques, highlights just how much of a problem these business email compromise (BEC) attacks have become,” Check Point said.
Since uncovering the campaign and establishing its origins, Check Point’s research team has notified law enforcement authorities in Nigeria and internationally and shared its findings with them.
Checkpoint said the Nigerian in his 20s operates social media accounts, where you he uses the motto: ‘get rich or die trying’.
His attack campaign uses fraudulent emails which appear to originate from oil and gas giant Saudi Aramco, the world’s second largest daily oil producer, targeting financial staff within companies to trick them into revealing company bank details, or open the email’s malware-infected attachment. Last year, the FBI revealed that losses caused by BEC scams exceeded $3.1 billion.
Victims are estimated to lose between $25,000 and $75,000 on average, per attack. However, it’s not only financial losses that victims should be concerned about, but also the fact that “the malware used by the criminal to infect organizations gives remote control over infected machines, and can perform keylogging functions.
This enables harvesting of a variety of information from infected machines, such as details on the companies’ operations, assets and intellectual property.” Such details could be worth much more than the thousands of dollars obtained by fraud, Check Point says.
Another alarming aspect was that some of the targets are energy and infrastructure companies, which the unsophisticated cybercriminal was able to easily breach.
Not only was the attacker able to compromise the networks of several large organizations, but he also managed to distribute his malware globally and remain under the radar for a long while.
“This highlights the need for all organizations to improve their security to protect against phishing and business email compromise scams, and to educate their employees to be cautious about opening emails, even from companies or individuals that they recognize,” Check Point said.
.
E-Business
Nigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025

In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024.

This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of Check Point Software Technologies.
According to the statistics, Latin America was the hardest hit, with companies experiencing an average of 3 065 cyber-attacks per week, a 26% year-over-year increase.
In contrast, Africa saw a decline in attacks, with Nigeria (4 622 attacks per week) and Angola (4 002 attacks per week) being the most targeted countries on the continent.
The report’s findings highlight the evolving cyber threat landscape, with ransomware and GenAI-driven data risks posing significant challenges to companies worldwide.
Ransomware attacks jumped 60% year over year, with 945 publicly reported incidents in December. Qilin was the most active ransomware operator, responsible for 18% of publicly disclosed attacks.
“Ransomware continues to scale through industrialised operations, while unmanaged GenAI usage is creating widespread data exposure at enterprise level,” said Omer Dembinsky, data research manager at Check Point Research.
The report noted the education sector was the most targeted industry globally, with 4 349 cyber attacks per week; followed by government (2 666 attacks per week); and associations and non-profits (2 509 attacks per week).
The widespread adoption of GenAI tools has introduced new cyber security risks, with one in 27 GenAI prompts posing a high risk of sensitive data leakage.
Experts warn that companies must prioritise prevention-first security, real-time AI threat intelligence and strong governance over AI tools to mitigate these risks.
Hendrik de Bruin, head of security consulting at Check Point Software, added: “Strengthening ransomware resilience, deploying AI-powered prevention and enforcing clear GenAI governance will be critical to reducing cyber risk in the year ahead.”
E-Business
Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge.

Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management.
A Security Operations Center (SOC) is a dedicated organisational unit responsible for continuous monitoring and safeguarding of a company’s IT infrastructure. Its core mission is to proactively detect, analyse and respond to cybersecurity threats.
To identify the main drivers, strategic priorities, and potential challenges in SOC planning and implementation, Kaspersky has conducted a comprehensive global study involving senior IT security specialists, managers and directors from companies with 500 or more employees.
All participants operate without a SOC but have plans to establish one in the near future. The study spans 16 countries across APAC, META, LATAM, Europe, and Russia, providing valuable insights into the emerging trends and best practices in SOC development worldwide.
The findings of the research reveal that 50% of companies intend to establish SOCs to strengthen their cybersecurity posture, and 45% are motivated by the need to address increasingly sophisticated and dangerous threats.
Other drivers include budget optimisation, the necessity for faster detection and response, and the expansion of software, endpoints and user devices – factors that demand more comprehensive and layered security measures.
These are cited by 41% of organisations. Additionally, 40% seek better protection of confidential information, 39% aim to meet regulatory requirements and one-third (33%) expect SOC capabilities to provide a competitive edge. Larger enterprises tend to cite each of these reasons more often, reflecting the broader operational and regulatory pressures they experience.
Continuous monitoring becomes the leading SOC requirement
Among the key functions organisations plan to delegate, 24/7 security monitoring leads at 54%. This around-the-clock vigilance enables early detection of anomalies, prevents escalation and sustains cyber resilience in real-time. This demand highlights a strategic requirement for proactive risk management, as organisations aim to defend against persistent threats that can strike at any moment.
Companies intending to fully outsource SOC operations show a stronger interest in applying “lessons learned” methodologies, whereas those developing internal SOCs focus more on access management to maintain tighter control.
Human expertise drives SOC technology choices
While SOCs use advanced technology, the choices made by organisations show that human analysts are very important. Among the solutions that organisations plan to include in SOC are – Threat Intelligence Platforms (48%), Endpoint Detection and Response (42%) and Security Information and Event Management systems (40%) – sophisticated solutions that automate data collection and reduce operational load, however, they depend heavily on skilled security professionals who provide critical context, interpret complex findings and make final decisions when guiding appropriate responses.
Other solutions chosen include Extended Detection and Response (38%), Network Detection and Response (37%) and Managed Detection and Response (33%). Large enterprises tend to adopt more technologies (5.5 per SOC on average), while smaller ones integrate fewer (3.8).
“To successfully build a SOC, companies must prioritise not only the right mix of technology but also the careful planning of processes, clear goal-setting and effective resource distribution.
“Well-defined workflows and continuous improvement are essential to ensure that human analysts can focus on critical tasks, making the SOC a proactive and adaptable component of their cybersecurity strategy,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.
E-Business
Nigerian Terra Industries Secures $11.8m for Expansion

Terra Industries, a Nigerian defence technology startup, has raised $11.75 million to expand its development of defensive systems that protect critical facilities across Africa.

The fundraising round was led by Silicon Valley venture firm 8VC, which was founded by Palantir co-founder Joe Lonsdale.
Other investors in the round include Valour Equity Partners, Lux Capital, SV Angel, and Nova Global, as well as African-focused funds Tofino Capital, Kaleo Ventures, and DFS Lab.
Terra Industries, founded in Abuja by Nathan Nwachuku and Maxwell Maduka, provides multi-domain security solutions for both air and land. Its solutions are intended to detect and respond to threats including terrorism, sabotage, and armed attacks on infrastructure.
The company’s product portfolio includes surveillance drones, ground-based robotic systems, and fixed monitoring towers deployed around sensitive locations.
Co-founder and CEO Nathan Nwachuku said the company has now fully embraced its identity as a defence-focused startup, citing the growing urgency of security challenges across Africa.
He said safeguarding critical infrastructure from terrorist threats has become unavoidable.
Nwachuku argues that protecting Africa’s infrastructure requires a different approach, one that combines local manufacturing, end-to-end system control, and software capable of independently identifying and responding to threats over large areas.
The company aims to position itself as a defence prime, similar to the role played by firms such as Anduril Industries and Palantir in the United States.
Nwachuku also disclosed that the company had earlier raised $800,000 in pre-seed funding.
With the new funding, Terra plans to increase manufacturing capacity within Africa, establish additional defence production facilities, and expand its artificial intelligence and software teams.
While software offices are planned for San Francisco and London, the company said manufacturing operations will remain on the continent.
E-Financial3 days agoPaystack Expands Beyond Payments into Banking
E-Financial3 days agoSEC Partners Police in Nationwide Crackdown on Ponzi Schemes, Crypto Frauds
General News3 days agoEFCC to Use Space Technology to Boost Asset Tracking, Investigations
E-Business3 days agoNigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025
E-Financial3 days agoFG Halts Tax Guidelines Amid Uncertainty Over Final Laws – Oyedele
E-Financial3 days agoPaystack Buys Microfinance Bank, Enters Nigeria Banking Arena
News3 days agoFG Directs Banks, Fintechs to Remit VAT on Service Fees
E-Financial2 days agoSEC Hikes Minimum Capital Requirements for Market Operators After a Decade












