Connect with us

News

Malicious Mobile Apps Double in Number

Published

on

Kindly share this post

The total number of mobile applications identified as malicious in Q1 2020 has doubled compared to Q1 2019.

The first quarter also saw a 55% spike in the number of fraudulent mobile transactions and an increase in the number of malware-infected mobile devices.

This is according to a new report released by Secure-D, Upstream’s full-stack anti-fraud platform, that covered 31 mobile operators in 20 countries at the beginning of 2020.

In Q1 the security platform detected over 29 000 malicious apps versus just over 14 500 during the same period last year.

Concerningly, the data shows that nine of the top 10 malicious apps in the first quarter of 2020 are, or were at some stage, available on Google Play, meaning they have slipped through security nets.

Six of the top 10 malicious apps fall under the vague description of ‘leisure apps” and include apps such as video players and editors, news and magazines, games and social apps.

Geoffrey Cleaves, head of Secure-D at Upstream, says: “With the majority of the world having shifted indoors, there were some darker forces acting to make a profit from the lockdown situation. At Secure-D, we’ve seen a sharp increase in bad actors publishing leisure apps on the Google Play Store, which trick users into subscribing for premium services.”

He says fraudsters tend to target Android handsets because the operating system is easier to work with, with a host of unofficial places to download apps from. In markets such as Brazil, a large percentage of users use prepaid credit to purchase digital services, enabling bad actors to subscribe users to services without their knowledge.

Snaptube, a video downloader app, has proved the most troublesome app to date this year. It has been downloaded more than 40 million times worldwide.

Last year, the Secure-D platform logged 70 million fraudulent transactions through the same app, with more than half of them in Brazil. Despite being reported by Upstream in October last year, the app is still available through many third-party app stores.

“The Secure-D platform has blocked more than 32 million fraudulent transactions relating to Snaptube so far in 2020,” says Cleaves.

Fraudulent transactions

In addition, during Q1 2020 Upstream’s security platform processed over 326 million mobile transactions and blocked almost 290 million, having identified 89% of total transactions as fraudulent.

The data highlights a significant rise in the number of global transactions blocked as fraudulent, up 55% from the previous year when 186 million were blocked out of the 208 million transactions processed.

In terms of infected devices, Secure-D saw a rise of 7% compared to last year’s first quarter. In Q1 2020 11.2 million malware-infected devices were detected, compared to 10.5 million the year before.

“It is unknown at this stage how the COVID-19 pandemic will shape 2020 figures, but the impact is likely to be significant,” says Cleaves.


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

News

LIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts, Others

Published

on

Kindly share this post

Lagos Internal Revenue Service (LIRS) pursuant to Section 60 of the Nigeria Tax Administration Act (NTAA), plans to ask Nigerian banks to debit bank accounts of employers who failed to remit tax liability.

LIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts

This was disclosed in a recent notice on Sunday.

LIRS stressed that the move was in line with the implementation of the country’s NTAA and other new tax laws, which took effect on January 1, 2026.

“Where a taxpayer fails, neglects, or refuses to settle any established outstanding tax liability when due, LIRS may exercise its power under Section 60 to direct any of the following persons to pay the amount owed by the taxpayer:

“Banks and other financial institutions; Employers; tenants, debtors, or customers of the taxpayer; Agents, business partners, and any person holding money on behalf of the taxpayer; Any person owing money to the taxpayer, whether presently due or accruing. Once a substitution notice is issued, the person served is statutorily required to remit to LIRS the amount. Specified in the notice from funds belonging to, or payable to, the defaulting taxpayer,” the LIRS notice partly read.

Meanwhile, Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, weeks ago ruled out claims that the government would debit personal accounts over tax remittances.


Kindly share this post
Continue Reading

News

Anambra Cuts Monday Pay to Kill Sit-at-Home

Published

on

Kindly share this post

Anambra State will implement pro-rata salary payments for civil servants starting February 2026, targeting chronic Monday absenteeism from the long-running sit-at-home order, Information Commissioner Dr. Law Mefor announced Saturday.

Anambra Cuts Monday Pay to Kill Sit-at-Home

Soludo

Speaking at an Awka briefing after the Executive Council’s end-of-tenure retreat, Mefor said improved security and transport have eliminated excuses for the four-year disruption, which cost the state trillions in lost revenue. “Workers enjoyed full pay despite staying away; now, no work means no pay for that day, calculated over 24 working days,” he stated.

Compliance measures include mandatory Monday clock-in forms, with markets urged to reopen fully amid bolstered security. This builds on a January 22 executive order docking 20% pay from teachers absent on Mondays.

Mefor warned that lost Mondays cripple revenue collection and productivity, rejecting alternatives like Saturday shifts as capitulation to agitators.


Kindly share this post
Continue Reading

News

Stakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit

Published

on

Kindly share this post

As AI adoption accelerates across Nigeria, leaders at the “AI in Action Now” conference 2026 have called for a balance between rapid innovation and strict regulatory governance. The event, held at the Lagos Oriental Hotel, highlighted both the doggedness of Nigerian builders and the risks of unregulated data usage.

Dotun Adeoye, Co-Founder of AI Nigeria, raised alarms over “Shadow AI”, a trend where employees upload sensitive official documents to public AI platforms. He praised the Nigerian Data Protection Commission (NDPC) for its recent aggressive stance, including multi-million-dollar fines against major banks and social media brands.

“Innovation without governance is dangerous. The regulator now has the job of educating players. We are working in partnership with them to ensure players don’t just get fined, but actually understand how to protect data locally rather than storing it abroad, ” Adeoye noted.

Addressing issues of lack of infrastructure to carry AI adoption, Conference Convener Debola Ibiyode admitted that while Nigeria lacks the traditional foundation for AI adoption, the tech community cannot afford to wait.

“The simple answer is we don’t have the infrastructure, but Nigeria has never really had infrastructure to drive anything, and we still thrive, ” Iboyode said, encouraging students and builders to look beyond current limitations. “Once we start to build based on what we have now, it will encourage those who need to provide the infrastructure to do their part. The world will not wait for us,” she insisted.

To bridge this gap, she highlighted the AI Foundry Africa, an incubator designed to mentor ideas into market-ready products.

Meanwhile, speaking to journalists on the sidelines, Biodun Ogunleye, the Lagos State Commissioner of Energy and Mineral Resources, echoed the sentiment that the government’s role is to facilitate the right environment through partnership. He emphasized that data generated from interactions with the government must have long-term value.

“We must ensure that in all facets from production to interaction with government, the tools required to ensure data has value are appreciated,” Ogunleye stated.

He concluded that through private-sector collaboration, the government can focus on its primary functions while leveraging AI to ensure the nation aspires for the future.


Kindly share this post
Continue Reading

Trending