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E-Business

Malware Variety Grows by 13.7% in 2019 Due to Web Skimmers

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In 2019, the number of unique malicious objects detected by Kaspersky’s web antivirus solution rose by an eighth, compared to last year — reaching 24,610,126.

This growth was mainly influenced by a 187% rise in web skimmer files. Other threats, such as backdoors and banking Trojans detected in-lab, also grew, while the presence of miners dropped by more than a half.

These trends have demonstrated a shift in the type of threats used by attackers on the web who search for more effective ways to target users, according to the Kaspersky Security Bulletin: Statistics of the Year report.

In 2018, unique malicious objects (including scripts, exploits and executable files) detected by Kaspersky’s web antivirus solution totaled 21,643,946, rising to 24,610,126 this year.

The growth accounts for an increase in the number and variety of HTML pages and scripts with hidden data loading – usually used by unscrupulous advertisers.

Yet, most notably, the growth was also partially caused by online skimmers (sometimes referred to as sniffers) – where scripts are embedded by attackers in online stores and used to steal users’ credit card data from websites.

The growth of online skimmers’ unique files (scripts and HTML) detected by Kaspersky web antivirus equaled 187%, reaching 510,000. At the same time the number of threats detected by web antivirus have risen five-fold (by 523%), totaling 2,660,000 in 2019.

“Web skimmers also entered the top 20 malicious objects detected online, taking 10th place in the overall ranking. The share of new Backdoors and banking Trojan files, among all types of threats detected in-lab, also grew by 134% and 61% to reach 7,644,402 and 739,551 respectively.

Nevertheless, the number of unique malicious URLs detected by Kaspersky web antivirus halved in comparison to 2018 (50.5%) – from 554,159,621 to 273,782,113. This shift was largely caused by significant decrease of hidden web miners, even though several detections related to them (including Trojan.Script.Miner.gen, Trojan.BAT.Miner.gen, Trojan.JS.Miner.m), can still be seen in the top 20 web malware threats.

The presence of programs that secretly generate cryptocurrency on users’ computers (called ‘local’ miners) has also been steadily declining over the year: the number of users’ computers affected by attempts to install miners dropped by 59%, from 5,638,828 to 2,259,038.

85% of web threats were detected as malicious URL – this detection name is used to identify links from Kaspersky’s black list. It includes links to web pages containing redirects to exploits, sites with exploits and other malicious programs, botnet command and control centers, extortion websites, and others.

“The volume of online attacks has been growing for years, but in 2019 we saw a clear shift from certain types of attacks that are becoming ineffective, to the ones focused on gaining clear profit from users. This is partly due to users becoming more aware of the threats and how to avoid them, and organisations steadily becoming more responsible.

A good example is miners, which have lost their popularity due to lower profitability and cryptocurrencies’ fight against covert mining.

“This year we also witnessed growth in zero-day exploits, showing products remain vulnerable and are used by attackers for sophisticated attacks, and this trend is likely to continue in the future,” says Vyacheslav Zakorzhevsky, Head of Anti-Malware Research at Kaspersky.

The number of new malicious files processed by Kaspersky’s in-lab detection technologies amounted to 342,102 – which is 1.05% less than the previous year.


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E-Business

FG Launches Online Citizenship, Business Management Platform

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Ministry of Interior has announced the launch of a new Online Citizenship and Business Management Platform in line with the Renewed Hope Agenda of President Bola Tinubu.

FG Launches Online Citizenship, Business Management Platform

A statement signed by Dr Magdalene Ajani, permanent secretary, Ministry of Interior’s said the initiative forms a key part of its ongoing reforms aimed at promoting transparency, enhancing operational efficiency, and significantly improving service delivery to the public.

The new digital platform is designed to streamline the application and processing of citizenship and business-related services, ensuring faster turnaround times and improved user experience.

The platform allows users to apply for and manage business permits, ensuring that both local and foreign businesses operate legally in Nigeria.

It includes an Expatriate Quota System to manage work permits for foreign employees, helping companies hire skilled workers while complying with Nigeria’s immigration laws.

The Citizenship Administration and Management System provides a streamlined online process for applying, tracking, and managing Nigerian citizenship applications and related services.

Members of the public, corporate entities, and other stakeholders are expected to access the platform through the ministry’s website: https://interior.gov.ng , Direct Portal Access: https://candb.interior.gov.ng , or contact candb-support@interior.gov.ng for support and inquiries.

“The Ministry of Interior remains committed to establishing a more efficient, transparent, and secure framework for citizenship administration, while continuously enhancing service delivery through digital transformation,” the statement read in part.

 

 

 

 

 

 


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NITDA, CISCO Empower Youth with Digital Skills

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Fifty selected young unemployed Nigerians have completed a four-week intensive digital skills bootcamp under the Digital Literacy for All (DL4ALL) initiative, gaining practical training in Data Science, Artificial Intelligence (AI), and IT Essentials.

The programme, a collaborative effort between the National Information Technology Development Agency (NITDA) and Cisco, was hosted at NITDA’s South West Zonal Office in Victoria Island, Lagos.

Speaking on behalf of the Director General of NITDA, Kashifu Inuwa , the Head of the South West Zonal Office, Mrs. Chioma Okee-Agugwo, described the initiative as a vital component of Nigeria’s digital future. “This is not just a closing ceremony. It is the launchpad for new journeys—anchored in digital knowledge and powered by innovation,” she remarked.

According to the Director General, the initiative is rooted in NITDA’s Strategic Roadmap and Action Plan (SRAP 2.0) and reflects key focus areas including Digital Literacy, Emerging Technologies, and Youth Empowerment. It also aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which seeks to accelerate economic diversification through digitisation, innovation, and skills development.

Inuwa noted that the DL4ALL initiative forms part of Nigeria’s broader commitment to digital inclusion—ensuring that no one is left behind in the evolving digital economy. It also supports the ambitious goal of achieving 70% digital literacy by 2027, championed by the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani. This national vision aims to equip millions of Nigerians with the skills required to thrive in a tech-driven world.

He further emphasized the importance of empowering youth with globally relevant skills. “They are no longer just consumers of technology. They are creators, innovators, and future employers,” he said.

The NITDA boss explained that throughout the bootcamp, participants engaged in hands-on learning experiences designed to build both technical proficiency and digital leadership capabilities.

“This is only the beginning,” he stated. “Through our zonal strategy, we are bringing innovation closer to local communities. This is how we democratise access and unlock Nigeria’s full digital potential.”

Inuwa expressed appreciation to Cisco for delivering high-impact training and called on stakeholders to continue investing in partnerships, people, and platforms that drive digital inclusion.

He asserted that the newly certified participants are now equipped to contribute meaningfully to Nigeria’s digital economy—armed with the skills to build solutions, secure infrastructure, and launch tech ventures that solve real-world problems.

At the end of the bootcamp, participants demonstrated their knowledge through impressive presentations that showcased the integration of skills acquired across Data Science, AI, and IT Essentials. Many spoke passionately about how the programme had expanded their technical competence and sparked a drive to create job opportunities—not only for themselves but also for others—as entrepreneurs and digital solution providers in their communities.


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Cyberattack Could Cost it Up to $400m – Coinbase

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Coinbase forecast a hit of between $180m and $400m from a cyberattack that breached account data of a “small subset” of its customers, the crypto exchange said in a regulatory filing on Thursday.

Cyberattack Could Cost it Up to $400m - Coinbase

The company received an anonymous email on May 11, claiming to have information about certain customer accounts as well as internal documents.

While some data — including names, addresses and emails — was stolen, the hackers did not get access to login credentials or passwords, Coinbase said.

Still, it will reimburse customers who were tricked into sending funds to the attackers.

Hackers had paid multiple contractors and employees working in support roles outside the US to collect information.

The company has fired those involved, it said.

Separately, the New York Times reported that the US Securities and Exchange Commission (SEC) was investigating whether the company had misstated its user numbers.

Coinbase shares extended losses after the report and were last down 6.5%.

“This is a hold-over investigation from the prior administration about a metric we stopped reporting two-and-a-half years ago, which was fully disclosed to the public,” said Paul Grewal, Coinbase’s chief legal officer.

“While we strongly believe this investigation should not continue, we remain committed to working with the SEC to bring this matter to a close.”

The SEC declined to comment.

The latest developments come days before the company is set to join the benchmark S&P 500 index, casting a shadow over what was expected to be a landmark moment for the crypto industry.

Security remains a challenge for the crypto industry despite its growing mainstream acceptance.

In February, Bybit disclosed a hack in which about $1.5bn worth of digital tokens were stolen — widely described the biggest crypto heist ever.

“The cyberattack may push the industry to adopt stricter employee vetting and introduce some reputational risks,” said Bo Pei, an analyst at US Tiger Securities.

Funds stolen by hacking crypto platforms amounted to $2.2bn in 2024, according to a report from Chainalysis, a US-based blockchain analysis firm.

“As our nascent industry grows rapidly, it draws the eye of bad actors, who are becoming increasingly sophisticated in the scope of their attacks,” said Nick Jones, founder of crypto firm Zumo.

Coinbase has refused to pay a ransom of $20m demanded by the attackers and is working with law enforcement agencies. Instead it has established a $20m reward for information on the hackers.

The company is also opening a new support hub in the US and taking other measures to prevent such cyberattacks, it said.

 

 

 


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