E-Business
Nigeria, Others See a Decrease of Ordinary Threats, Experience Increase of Targeted Malware
According to Kaspersky’s latest research on the threat landscape trends, South Africa, Kenya and Nigeria are facing a dramatic change in the threat landscape.
While regular, self-propagating malware is decreasing dramatically, as it is no longer effective and cannot fly under security radars, the region will see the growth of new cybercrime models in the upcoming year.
While comparing the overall number of mass cyberattacks in 2021, security researchers at Kaspersky noticed a 7.5% decrease in Nigeria, 12% decrease in South Africa and an unprecedented 28.6% decrease in Kenya.
The reason for such a change was the introduction and popularisation of new cybercrime models in the region, with cybercrime tools becoming more targeted along with a long running trend where malware creators rely not on the technical advantage of their technologies over security protection, but on the human factor.
This has stimulated the evolution of phishing schemes in 2021. In particular, the region saw a wave of ‘Anomalous’ spyware attacks.
The usual phishing spyware attack begins when attackers infect a victim by sending them an e-mail with a malicious attachment or a link to a compromised website and ends when the spyware is downloaded and activated on the victim’s device.
Having gathered all necessary data, the operator usually ends the operation by attempting to leave the infected system unnoticed.
In the anomalous attacks, however, the victim’s device becomes not only a source of data but also a tool for spyware distribution.
Having access to the victim’s email server, the malware operators use it to send phishing emails from a legitimate company’s email address. In this case, anomalous spyware attacks an organisation’s server for collecting stolen data from another organisation and sending further phishing emails.
“The Anomalous spyware attacks have a huge potential for growth in South Africa, Kenya and Nigeria in 2022, because unlike regular spyware the entry level for attackers who wish to employ this tactic is significantly lower – since instead of paying for their own infrastructure, they abuse and employ the victims’ resources.
We see that cheaper attack methods have always been on the rise in the region and cybercriminals quickly pick up on new tactics. Kaspersky therefore suggests that in the nearest future, these countries should be prepared for such attacks”, says Maria Garnaeva, Senior Security Researcher at Kaspersky ICS CERT team.
However, the mass scale attacks are not disappearing, but rather transforming. Garnaeva also reports on a mass-scale and pervasive fake installers campaigns, where fake pirated software sites serve up malware as a service.
The scheme is usually the following: a user searches for a free version of an extremely popular legitimate spyware. The cybercriminals are offering them a fake installer using ‘black SEO technic’ – the abuse of the legitimate search engines, resulting in the offering of the fraudulent websites first. As a result of software installer execution, a few dozen malware samples are downloaded and installed with a goal of turning the infected devices into a part of the Glupteba botnet.
The whole fake installers campaign and botnet has been extremely active in South Africa in 2021 and continues to evolve, yet it is scarcely researched.
“While the Glupteba botnet seems to be a threat for consumers, we are still researching it and keeping an eye on its behaviour, since some distributed malware resembles APT-related samples like Lazarus APT groups and were recently used in the largest DDoS attack in Russia.
It is too early to say it with a high level of confidence, but these factors may suggest that we are now entering the era where APT actors start to use existing malware distribution platforms which makes an attribution of such attacks harder and opens a new vector similar to supply chain attacks,” adds Garnaeva.
In order to stay protected from such new cybercrime models and threats, Kaspersky recommends the following:
- Pay close attention to and don’t open any suspicious files or attachments received from unknown sources.
- Do not download and install applications from untrusted sources.
- Do not click on any links received from unknown sources and suspicious online advertisements.
- Create strong passwords and don’t forget to change them regularly.
- Always install updates. Some of them may contain critical security issues fixes.
- Ignore messages asking to disable security systems for office software or antivirus software.
- Use a robust security solution appropriate to your system type and devices, such as Kaspersky Internet Security
E-Business
Zequence Digital Boss Calls for Strong IP Laws Enforcement, to Protect Nigeria’s Software Sector
Mr Adeoye Oludamilola, managing director, Zequence Digital, a digital agency, has said strong enforcement of Intellectual Property (IP) laws , protection of Nigeria’s software industry against piracy will encourage innovation and investment.
Adeoye told reporters lately in Lagos that software piracy and the unauthorised use of proprietary technology are widespread in the country.
According to report Intellectual Property (IP) laws in software refers to the legal rights that protect the creations of the mind used in software development.
These rights, which include copyrights, patents, trade secrets, and trademarks, grant developers exclusive control over their software and related assets, preventing unauthorised use or reproduction.
Adeoye said that many startups do not protect their innovations, due to a lack of knowledge and the cumbersome legal processes involved.
“IP registration and litigation are expensive and time-consuming, which further discourages developers from protecting their work,” Adeoye said.
He added that the lack of awareness among developers about their IP rights contributed to the problem.
To address these challenges, Adeoye stressed the need for the formation of an IP Protection Consortium, comprising tech firms, legal experts, and regulators, to advocate for stronger IP enforcement.
He also suggested collaborating with legal tech startups to create simplified platforms for fast-tracked IP registration.
The managing director further called for joint initiatives between legal bodies and tech communities to launch IP rights education campaigns.
This, he said, would equip developers with the knowledge they needed to protect their innovations and grow their businesses.
Adeoye emphasised the need for the government and stakeholders to create an ecosystem for development and inclusivity by proactively engaging with regulators.
According to him, this will help ensure that policies are created with the input of concerned agencies and industry experts.
PalmPay, a leading fintech platform and full-stack digital neobank for emerging markets, has partnered with Nigeria’s biggest Health Insurance Company, AXA Mansard Health a member of the globally trusted AXA Group, to provide millions of Nigerians with affordable, accessible digital health insurance.
This strategic partnership enables PalmPay users to seamlessly access a range of health insurance packages from AXA Mansard directly within the PalmPay app. With plans starting as low as N500 per month, users can now choose from flexible insurance options tailored to fit their everyday needs.
The plans are designed to meet a wide range of needs; for example, the AXA Digital Health plan offers access to telemedicine consultations with doctors, N5,000 worth of medications, and up to N40,000 in surgical coverage. Users can also opt for the AXA Mansard MicroHealth plan at N1,000 per month, which provides unlimited diagnostic tests and funeral benefits. Additionally, the AXA Mansard Accident plan, available for N500 monthly, offers comprehensive death cover for both accidental and non-accidental cases.
Speaking on the partnership, Habib Kowontan, Head of Wealth Product at PalmPay, said: “Insurance is a key pillar of financial security, yet millions of Nigerians remain underserved. Our partnership with AXA Mansard Health breaks down long-standing barriers by placing reliable and affordable insurance solutions right at our users’ fingertips.”
In her remarks, Jumoke Odunlami, Chief Distribution Officer, AXA Mansard Insurance said that the partnership with Palmpay presents the AXA with another opportunity to improve health and productivity of Nigerians. “Through partnerships like this, we are covering over 1.8 million Nigerians and ensuring that healthcare is accessible, available and affordable.
“So we are excited about joining forces with a brand like Palmpay to compliment the range of financial possibilities they offer their customers with health plans. It fits well with our mission and our purpose of acting for human progress by protecting what matters, and we are looking forward to doing even more with Palmpay”, she explained.
This partnership reflects PalmPay’s broader mission to create a more inclusive digital financial ecosystem, one that empowers users to not only manage their money efficiently, but also secure their future.
This partnership reflects PalmPay’s broader mission to create a more inclusive digital financial ecosystem, one that empowers users to not only manage their money efficiently, but also secure their future.
By Diana Tenebe, Chief Operating Officer, Foodstuff Store
Nigeria’s agricultural sector, a cornerstone of its economy, faces a critical crossroads. While employing a staggering 40% of the population and holding over 84 million hectares of arable land, the industry is hobbled by deep-seated challenges. Low productivity, a fragmented supply chain, poor infrastructure, and a lack of access to financial services are just a few of the hurdles that prevent the sector from reaching its full potential. Coupled with the unpredictable and severe shocks of climate change—from prolonged droughts to devastating floods—these issues threaten the food security of a rapidly growing population.
Diana Tenebe
To truly transform this vital sector, a new approach is needed, one that moves beyond traditional methods and embraces the power of technology. Artificial Intelligence (AI) is not just a futuristic buzzword; it is the imperative for Nigeria’s agricultural revolution. AI holds the key to unlocking higher yields, building resilience, and fostering an inclusive and sustainable food system that can feed a nation and drive economic growth.
The most immediate impact of AI is in the area of precision farming. By integrating AI with technologies like Internet of Things (IoT) sensors, drones, and satellite imagery, farmers can gain an unprecedented understanding of their land. AI-powered systems can analyse real-time data on soil moisture, nutrient levels, and plant health, providing actionable insights for targeted interventions. For instance, smart irrigation systems can optimize water usage, a critical resource in a country facing increasing water scarcity. AI-enabled drones can survey vast farmlands in minutes, identifying early signs of pests or disease and allowing for precise application of pesticides, reducing chemical use and cost. Early trials of these technologies in Nigeria have already demonstrated significant gains, with some reports showing a remarkable 60-70% increase in crop yields.
Climate adaptation is another area where AI’s role is indispensable. Nigeria’s farmers are on the front lines of climate change, enduring erratic rainfall and extreme weather events. AI can provide a shield against this volatility. By analyzing historical weather data and real-time forecasts, AI models can offer accurate, localized predictions. This allows farmers to proactively adjust their planting schedules, select climate-resilient crop varieties, and plan for potential risks, effectively mitigating the devastating impact of droughts and floods.
The economic benefits extend far beyond the farm gate. A significant portion of Nigeria’s agricultural produce is lost due to an inefficient and fragmented supply chain. AI can streamline logistics, optimize transportation routes, and enhance inventory management. By reducing spoilage and waste, AI ensures that more of what is harvested reaches the market, thereby boosting the incomes of farmers and providing a more stable supply of food for consumers. The success of Nigerian agritech companies like Crop2Cash, which has reportedly helped over 500,000 farmers increase their income by up to 70%, demonstrates the tangible economic impact of these technologies.
AI is a powerful tool for promoting financial inclusion and education. Millions of smallholder farmers, who form the backbone of Nigerian agriculture, are often excluded from formal financial systems due to a lack of collateral and credit history. AI-driven fintech solutions can bridge this gap by assessing creditworthiness using alternative data, making it easier for farmers to access the loans and insurance they need to scale their operations. AI-powered mobile apps and chatbots can also serve as virtual extension agents, providing personalized advice on best farming practices, pest control, and crop management, democratizing knowledge and empowering farmers to make better decisions.
Despite this immense potential, the journey towards widespread AI adoption is not without its hurdles. High upfront costs for AI-enabled equipment, a general lack of understanding and experience with these tools, and a preference for traditional methods are all significant barriers. Furthermore, infrastructural gaps, including poor roads and inadequate storage facilities, hinder the seamless implementation of these technologies. Data availability and computational capacity are also key challenges that need to be addressed.
However, the Nigerian government and a burgeoning ecosystem of agritech startups are already paving the way forward. The government’s vision is articulated in initiatives like the National AI Strategy, which aims to establish AI research centers and support R&D. Programs such as the Nigeria Artificial Intelligence Research Scheme (NAIRS) and the NITDA AI Developers Group are building the necessary skills among entrepreneurs and farmers. Strategic partnerships between government bodies, financial institutions, and innovative startups are creating localized solutions that are tailored to the unique conditions of Nigerian agriculture.
Ultimately, AI is not a luxury but an imperative for Nigeria to unlock its agricultural potential. Its successful integration will transform the role of the farmer from a manual laborer to a strategic planner and overseer of a smart, efficient, and sustainable food system.
By investing in infrastructure, fostering strategic partnerships, and prioritizing education and capacity building, Nigeria can harness the power of AI to feed its people, drive economic prosperity, and secure its place as a leader in the African agricultural revolution.
NIMC Sets 48-hour Deadline for Diaspora Partners to Activate New Licences
Airtel Money Africa Partners pawaPay for Seamless International Remittances Across Africa
NBS Reports ₦6.72 Trillion VAT Haul as Tax Reforms Pay Off
Rubrik Joins Forces with Sophos to Reinvent M365 Recovery
MTN Nigeria Rolls Out Network-as-a-Service and Signs First MVNO to Drive Industry Efficiency
News1 day agoGoogle Hit by AI-driven Cyber Attack
General News1 day agoKuwait Busts Nigerian Cybercrime Ring Targeting Telecom Tower, Banks
Telecom1 day agoMTN Nigeria’s Mega Billion Promo Turns Airtime into Fortune for Thousands Amid Economic Strain
Telecom1 day agoI see Crisis, Resignations @ MTN, Airtel, Others – Primate Ayodele
E-Business1 day agoZequence Digital Boss Calls for Strong IP Laws Enforcement, to Protect Nigeria’s Software Sector
Telecom1 day agoT2 Commits to Innovation, Resilience as Customer-centric Ethos Form New Focus
News1 day agoFIRS Rolls out e-invoicing System for Large Corporate Taxpayers
E-Business1 day agoPalmPay Partners AXA Mansard Health to Make Digital Insurance Accessible, Affordable