E-Business
Infostealer Vidar Identified as Most Wanted Malware in January 2023
Check Point Software Technologies, a provider of cybersecurity solutions globally, has published its Global Threat Index for January 2023.
Last month saw infostealer Vidar return to the top ten list in seventh place after an increase in instances of brandjacking, and the launch of a major njRAT malware phishing campaign in the Middle East and North Africa.
In January, infostealer Vidar was seen spreading through fake domains claiming to be associated with remote desktop software company AnyDesk. The malware used URL jacking for various popular applications to redirect people to a single IP address claiming to be the official AnyDesk website.
Once downloaded, the malware masqueraded as a legitimate installer to steal sensitive information such as login credentials, passwords, cryptocurrency wallet data and banking details.
Researchers also identified a major campaign dubbed Earth Bogle delivering the njRAT malware to targets across the Middle East and North Africa. The attackers used phishing emails containing geopolitical themes, enticing users to open malicious attachments.
Once downloaded and opened, the Trojan can infect devices, allowing attackers to conduct numerous intrusive activities to steal sensitive information. njRAT came in at number ten on the top malware list, having dropped off after September 2022.
“Once again, we’re seeing malware groups use trusted brands to spread viruses, with the aim of stealing personal identifiable information. I cannot stress enough how important it is that people pay attention to the links they are clicking on to ensure they are legitimate URLs.
Look out for the security padlock, which indicates an up-to-date SSL certificate, and watch for any hidden typos that might suggest the website is malicious.” said Maya Horowitz, VP Research at Check Point Software.
CPR also revealed that “Web Server Exposed Git Repository Information Disclosure” remained the most exploited vulnerability last month, impacting 46% of organizations globally, followed by “HTTP Headers Remote Code Execution” with 42% of organizations worldwide. “MVPower DVR Remote Code Execution” came in third with a global impact of 39%.
Top malware families
Qbot and Lokibot were the most prevalent malware last month with an impact of more than 6% on worldwide organizations respectively, followed by AgentTesla with a global impact of 5%.
In Nigeria, Qbot was the most widespread malware this month impacting 18.64% of organisations in the country, followed by Expiro with 10.17% and Nitol with 6.78%.
- Qbot – Qbot AKA Qakbot is a banking Trojan that first appeared in 2008. It was designed to steal a user’s banking credentials and keystrokes. Often distributed via spam email, Qbot employs several anti-VM, anti-debugging, and anti-sandbox techniques to hinder analysis and evade detection.
- XMRig – XMRig is open-source CPU mining software used to mine the Monero cryptocurrency. Threat actors often abuse this open-source software by integrating it into their malware to conduct illegal mining on victims¿ devices.
- Vidar – Vidar is an infostealer that targets Windows operating systems. First detected at the end of 2018, it is designed to steal passwords, credit card data and other sensitive information from various web browsers and digital wallets. Vidar is sold on various online forums and used as a malware dropper to download GandCrab ransomware as its secondary payload.
Top Attacked Industries Globally
Last month, Communications remained the most attacked industry in Africa, followed by Government/Military and then ISP/MSP.
- Communications
- Government/Military
- ISP/MSP
Top exploited vulnerabilities
Last month, “Web Server Exposed Git Repository Information Disclosure” was the most exploited vulnerability, impacting 46% of organizations globally, followed by “HTTP Headers Remote Code Execution” with 42% of organizations worldwide. “MVPower DVR Remote Code Execution” came in third with a global impact of 39%.
- ↔ 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.
- ↑MVPower DVR Remote Code Execution – A remote code execution vulnerability exists in MVPower DVR devices. A remote attacker can exploit this weakness to execute arbitrary code in the affected router via a crafted request.
Top Mobile Malwares
Last month, Anubis remained the most prevalent mobile malware, followed by Hiddad and AhMyth.
- Anubis – Anubis is a banking Trojan malware designed for Android mobile phones. Since it was initially detected, it has gained additional functions including Remote Access Trojan (RAT) functionality, keylogger, audio recording capabilities and various ransomware features. It has been detected on hundreds of different applications available in the Google Store.
- Hiddad – Hiddad is an Android malware which repackages legitimate apps and then releases them to a third-party store. Its main function is to display ads, but it can also gain access to key security details built into the OS.
- AhMyth – AhMyth is a Remote Access Trojan (RAT) discovered in 2017. It is distributed through Android apps that can be found on app stores and various websites. When a user installs one of these infected apps, the malware can collect sensitive information from the device and perform actions such as keylogging, taking screenshots, sending SMS messages, and activating the camera, which usually used to steal sensitive information.
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 and research Arm of Check Point Software Technologies.
E-Business
FG to Incorporate Contactless Fingerprints for Online Passport Renewal
Nigeria Immigration Service (NIS) said that it will soon enter an era where the application process for renewing passports will be done entirely online, including the confirmation of biometrics.
This will be done through a dedicated NIS app which will require the creation of a profile and enable the submission of contactless fingerprint and face biometrics with verification using the National Identification Number (NIN).
The system is expected to rollout in April 2025.
There have been previously announced failed launch dates for the passport project, which began pre-deployment tests without the biometric capture capability at the end of last year.
Olubunmi Tunji-Ojo, minister of Interior, said in an X thread that he presided over a meeting in collaboration with the NIS, to make a preview of the new system to be introduced.
Those who took part in the discussions included representatives from government, civil society organizations, the media and actors from the tech space.
The Minister said during the meeting, they collected feedback from several stakeholders which they plan to incorporate into the system for seamless functioning when it shall be launched in the coming months, according to Premium Times.
He also revealed that Iris Smart Technologies, which holds a once-threatened contract to produce the country’s biometric passports, and Newworks Solutions are the technology providers working with the NIS.
Tunji-Ojo said the new system involves “cutting-edge technology” which “enhances the passport acquisition process by allowing eligible applicants to initiate and complete their applications seamlessly from the comfort of their homes or workplaces on their mobile devices.”
“This new feature is undoubtedly a game-changer, and we are eager to fully roll it out in our new passport regime. Our goal remains to transform our systems and methods to align with global best practices, setting the pace for other nations to follow without compromising national security,” the minister added.
After the review, feedback obtained from the cross section of stakeholders will be crucial in fine-tuning the system which he says will first be launched for people in the diaspora, said Tunji-Ojo.
Authorities say once it goes live, passport applicants seeking renewal will be able to apply for the document and have it delivered to their home without having to visit any NIS office in person.
The Interior Ministry and NIS reiterated that the project is part of President Bola Tinubu’s Renewed Hope Agenda which seeks to make life easier for Nigerians.
The introduction of the contactless biometric capture system for passport renewal is part of other announced reforms in that sector, one of which is the passport processing time which had been brought down to just 24 to 48 hours following the submission of an application, says the Interior Minister.
E-Business
Firm Warns that Employees’ Digital Fatigue Leads to Higher Cyber Risks
In observing World Mental Health Day on the 10th of October, Kaspersky warns of the relationship between digital fatigue and increased exposure to cyber risks.
In today’s data-driven and digital business environment, office employees are bombarded with a constant feed of notifications, continuous digital interactions and the need to make huge amounts of decisions throughout the day.
Even though advanced technologies like artificial intelligence (AI) and machine learning are helping to improve efficiencies, workers are under significant strain.
This can result in digital fatigue that not only negatively impacts an employee’s well-being and productivity versus higher rates of burnout, but also risks opening the company to a range of cyberthreats, from phishing to deepfakes, warns Kaspersky.
“Employees face hundreds of decisions daily, that range from small, routine choices to critical business decisions. Eventually, the brain’s ability to make sound judgments declines over time and pressure. The constant influx of emails, messages, and alerts are exacerbating this digital fatigue,” says Brandon Muller, Technical Expert for the MEA region at Kaspersky.
In fact, a research by Forbes Advisor shows that digital communications make 58% of employees feel like they need to be available more often.
This results in 60% of the workforce feeling increased burnout. The constant need to stay online and multitask adds to this high-pressure environment, making employees more prone to mistakes.
Phishing still prevalent
Phishing remains one of the most widespread forms of cybercrime. Fatigued employees are more likely to miss the warning signs of a phishing email, especially when they are just one among many in their overflowing inboxes and as phishing campaigns become ever more sophisticated.
These attacks are designed to deceive employees into disclosing sensitive information, such as login credentials or financial data, by posing as legitimate sources.
While phishing attacks come in various forms, they often target corporate email systems due to the potential wealth of valuable information they hold, making them prime targets for exploitation.
The rising threat of deepfakes
AI is also contributing to the rise of deepfakes – highly convincing audio or video content manipulated to deceive the recipient. Even when not fatigued, employees are finding it more difficult to assess the authenticity of such content.
When it comes to digital fatigue, these deepfakes can pose a serious risk in corporate settings, where cybercriminals may impersonate executives to authorise fraudulent transactions or gain access to sensitive information.
Other threats
From inadvertent installation of malware to checking the contents of a USB found on a way to the office – the cyber risks may vary in form and can lead to devastating consequences. If robust cybersecurity solutions are in place to help identify and filter the threats, and if employees are educated and alert, organisations are in a much safer position.
Supporting employees
There are several proactive measures organisations can adopt to help reduce the cognitive load on their employees:
- Cybersecurity training that is relatable and engaging: By using automated, customised training platforms that adjust content based on role and experience, organisations can make sure their employees stay informed without feeling overwhelmed. Gamified elements in training can also enhance engagement and retention.
- Automated cybersecurity solutions: Investing in advanced cybersecurity tools, such as automated threat detection and response systems, help businesses reduce human error and mitigate risks.
Protection solutions for mail servers with anti-phishing, anti-spam, and malware detection technologies decrease the chance of infection. These tools can work in the background, allowing employees to focus on their work without constantly worrying about potential cyber threats.
- Enable a Default Deny policy for critical user profiles, particularly those in financial departments, which ensures that only legitimate web resources can be accessed.
- Create areas for employees to take a break.
Advice for employees to combat digital fatigue:
- Establish routines for certain decisions to save mental energy for more critical choices.
- Prioritise tasks, delegate or automate less important decisions.
- Identify most important criteria to ease decision making, narrow down your choices, ask for advice and additional information.
- Focus on key data, limit information overload and distractions when taking important decisions.
- Recognise the signs of decision fatigue, such as reduced concentration, increased irritability, and procrastination.
- Schedule regular breaks to recharge and prioritise some exercise such as going for a walk. Also consider exercises for your eyes and neck.
- Stay alert when receiving messages that look uncommon, as well as when visiting new web pages and making money transactions.
“The demands of the digital workplace are not going away. Fortunately, organisations can take meaningful steps to support their employees while still protecting the business from cyber threats. By addressing the root causes of decision and digital fatigue, companies can reduce the risk of successful phishing, deepfakes, and other sophisticated cyberattacks,” concludes Muller.
E-Business
Better Digital Payments Infrastructure is Facilitating Access to New Markets for Enterprise
By Doreen Lukandwa, Head, Commercial Strategy at Onafriq
Saying that small and medium-sized enterprises (SMEs) are the backbone of economies in East Africa is an understatement. SMEs make up the largest part of all registered entities in nearly every industry and sector in most East African countries, averaging between 60% to 90%, including micro-enterprises.
As the region continues to experience significant progress and development, the SME ecosystem plays a crucial role in creating employment opportunities, encouraging innovation and entrepreneurship, and diversifying economies.
However, only a few of these SMEs will grow into larger-sized firms or expand their reach into markets beyond the area they operate. This is mainly due to the constraints they face that limit their ability to expand and scale their business, such as inadequate financing and access to investment and financial services and insufficient integration into international capital markets.
Historically, the finance sector in East Africa has shown a preference for traditional banks, which have been restricted in terms of geographical reach and other factors. This has resulted in limited access to financial services for many merchants in the region, hindering economic growth and development. But this is changing.
The emergence of an increasingly robust digital payments infrastructure in East Africa presents an incredible opportunity for businesses to scale by opening up access to new markets in the region, across the continent, and around the globe.
Expanding the global footprint of enterprise
Africa accounts for 70% of the world’s $1 trillion in mobile money value, mainly due to the boom in digital instant payment solutions and inclusive interoperable payment systems across the continent. East Africa makes up the largest mobile money market on the continent, with transaction values worth $491 billion for 390 million registered accounts in 2022.
These booming, secure, efficient, and interconnected digital payment systems are transforming the business landscape by breaking down geographical barriers and broadening enterprises’ ability to collect and make payments to and from anywhere in the world.
Trailblazing fintech firms are revolutionising the digital payments space and helping enterprises solve their revenue collection and payments challenges, reducing operational costs and leaving them free to focus on operational efficiency.
Now, SMEs can scale their existing services into new African and global markets by capitalising on the growing digital payment infrastructure without the need to build their payment infrastructure or platforms. With just the right payment partner, businesses can expand into new territories by establishing a virtual financial presence, helping duplicate their services in the new market.
By leveraging the shared infrastructure and resources from their payment partner, enterprises can now mitigate risks while gaining access to local knowledge and networks.
Enabling enterprise to meet its full potential
The increased access to new markets for enterprises, facilitated by the digital payments space, enables their ability to scale up, compete with larger firms, and increase their growth potential.
By scaling effectively, East African SMEs can keep up with customer and market demands, improve their efficiencies and find new avenues of revenue growth without being held back by a lack of resources or infrastructure. It encourages innovation, which could see the development of new products and services, increase sales opportunities, and further their ability to serve more customers and expand into new markets.
As the rapid growth of digital payments technology continues, we can expect to see more enterprises take advantage of the increased access to new markets, resulting in the growth of SMEs across the region and subsequently driving the creation of better-paid jobs, economic growth and ensuring more competitive economies.
- Telecom2 days ago
Kellyrae Emerges Big Brother Naija Season 9 Winner
- E-Financial2 days ago
Union Bank Reaffirms Support for Education in Nigeria, Backs 10th Edition of Maltina Teacher of The Year
- Telecom1 day ago
Moody Says MTN, LIT Exposed to Currency Volatility, Inflation Risks in Nigeria, Others
- Telecom2 days ago
Tecno AI Integrated Smartphone Series Unveiled in Nigeria
- E-Financial2 days ago
Polaris Bank partners UI, NCF on environmental conservation, tree planting
- E-Business1 day ago
Firm Warns that Employees’ Digital Fatigue Leads to Higher Cyber Risks
- News1 day ago
Nigerian Researchers Present E-Governance Innovations at International Conference to Support Economic Diversification
- Broadcasting2 days ago
Mojisola Ologe Bags The Peak Performer 2024 Admirable Woman in Leadership Award