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Kaspersky Blocks more than 30 000 Mobile Malware Attacks Combined in Nigeria, Others in 6-months

Out of the more than 206 000 mobile malware attacks blocked by Kaspersky solutions for the Middle East, Turkey and Africa (META) region in just 6-months measured, between January to June 2021, over 30 000 of these attacks combined originated from Nigeria (14 071), Kenya (10 697), and South Africa (5 499).

Significantly, for African countries monitored, Nigeria only trails Egypt (19 466) by the number of attacks blocked, pointing to how prevalent mobile threats have become in this highly connected country.
In fact, Kaspersky’s latest research shows that when looking at the top ten countries by share of users attacked by mobile malware Nigeria places eighth (at 11.76%).
Even though Kenya and South Africa might not feature as prominently, the mobile malware threat is still a concern, along with the shift to more targeted based attacks these countries are seeing.
The top three most prevalent malware behaviours that Kaspersky has seen in Kenya and Nigeria are Trojans, Trojan-Downloaders; and Trojan-Droppers. In South Africa, these are Trojans, Trojan-Proxy; and Trojan-Downloaders.
A Trojan is a type of malware that is often disguised as legitimate software which attackers can use to try and gain access to user systems. As the name suggests, Trojan-Downloaders download and install new versions of malicious programmes, including Trojans and Adware on victim computers.
Meanwhile, Trojan-Droppers usually save a range of files containing malicious programmes to the victim’s drive. Once installed, a Trojan-Proxy allows an attacker to use the infected device as a proxy to connect to the Internet.
“Mobile malware remains a significant threat for corporate and personal users across Africa. These attacks are usually very diverse with hackers leveraging a range of methodologies and technologies to compromise victim’s devices.
Trojan-Downloaders and Trojan-Droppers are especially dangerous given their potential to contain significantly damaging payloads,” says Bethwel Opil, Enterprise Sales Manager at Kaspersky in Africa.
In addition to installing cybersecurity solutions on their mobile devices, like Kaspersky Total Security, here are a few additional ways users can enhance their security:
– Create a strong password. By putting a strong password on their smartphone, the device can become unusable if it is lost or stolen and the password attempt fails a certain number of times.
– Do not trust SMS. Mobile malware uses text messages, so users should never respond to requests for credit card details or other private information.
– Check your browser for the lock symbol. The lock icon in the address bar indicates that the sight is secure when entering personal data.
Install apps from reputable sources. Popular shopping sites such as Amazon or eBay have their own mobile applications.
You must check to see they are the official apps from the company before you initiate a download. This can be done by checking the developer information and user ratings on the download page.
News
EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud


EFCC
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AfDB Supports Francophone Africa Start-ups with €6.5M

The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.
This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.
Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.
The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.
The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.
In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.
News
Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.
Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.
The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.
SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.
The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.
Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.
Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.
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