E-Business
Qbot Emerges Most Prevalent Malware in First Half of 2023, Mobile Trojan SpinOk Makes its Debut

Check Point® Software Technologies, a provider of cybersecurity solutions globally, has published its Global Threat Index for June 2023. Researchers found that the Trojan Qbot has been the most prevalent malware so far in 2023, ranking first in five out of the six months to date.

Meanwhile, mobile Trojan SpinOk made its way to the top of the malware list for the first time after being detected last month, and ransomware hit headlines following a zero-day vulnerability in file sharing software MOVEIt.
Qbot, which initially emerged in 2008 as a banking Trojan, has undergone consistent development, acquiring additional functionalities for the purpose of stealing passwords, emails, and credit card details.
It is commonly propagated through spam emails and employs various techniques such as anti-VM, anti-debugging, and anti-sandbox methods to impede analysis and avoid detection.
Presently, its primary role is to act as a loader for other malware and establish a presence within targeted organizations, serving as a stepping stone for ransomware group operators.
Meanwhile, researchers discovered a prolific mobile malware that has so far amassed 421 million downloads. Last month, for the first time, Trojanized Software Development Kit (SDK) SpinOk made its way to the top of the mobile malware families. Used by numerous popular apps for marketing purposes, this malicious software has infiltrated highly popular apps and games, some of which were available on the Google Play Store.
Capable of stealing sensitive information from devices and monitoring clipboard activities, SpinOk malware poses a serious threat to user privacy and security, underscoring the need for proactive measures to protect personal data and mobile devices. It also serves as a stark reminder of the devastating potential of software supply chain attacks.
Last month also saw the launch of a large-scale ransomware campaign that impacted organizations worldwide. In May 2023, Progress Software Corporation disclosed a vulnerability in MOVEit Transfer and MOVEit Cloud (CVE-2023-34362) that could allow unauthorized access to the environment.
Despite it being patched within 48 hours, cybercriminals associated with Russian-affiliated ransomware group Clop exploited the vulnerability and launched a supply chain attack against MOVEit users.
To date, 108 organizations – including seven US universities – have been listed publicly, following the incident, with hundreds and thousands of records obtained.
“The MOVEit exploit proves that 2023 is already becoming a significant year in ransomware. Prominent groups like Clop are not operating tactically to infect a single target, but instead, making their operations more efficient by exploiting software that is widely used in a corporate environment.
This approach means they can reach hundreds of victims in a single attack.” said Maya Horowitz, VP Research at Check Point Software. “This attack pattern emphasizes the importance for companies to implement a multi-layered cyber security strategy and to prioritize patching quickly when vulnerabilities are disclosed.”
CPR also revealed that “Web Servers Malicious URL Directory Traversal” was the most exploited vulnerability last month, impacting 51% of organizations globally, followed by “Apache Log4j Remote Code Execution” with 46% of organizations worldwide. “HTTP Headers Remote Code Execution” was the third most used vulnerability, with a global impact of 44%.
Top malware families
Globally, Qbot was the most prevalent malware last month with an impact of 7% worldwide organizations, followed by Formbook with a global impact of 4% and Emotet with a global impact of 3%.
In Nigeria, Qbot was the most prevalent malware last month with an impact of 19.72%, followed by Expiro with an impact of 15.49% and FormBook with an impact of 7.04%.
- Qbot – Qbot AKA Qakbot is a multipurpose malware that first appeared in 2008. It was designed to steal a user’s credentials, record keystrokes, steal cookies from browsers, spy on banking activities, and deploy additional malware. Often distributed via spam email, Qbot employs several anti-VM, anti-debugging, and anti-sandbox techniques to hinder analysis and evade detection.
- Expiro – Expiro is a polymorphic file infector first seen in 2010. It inserts its malicious code into executable files on the infected host. These files lead to new infections when they are run on other machines. Expiro steals user and system information from Windows, as well as FTP credentials.
- FormBook – FormBook is an Infostealer targeting the Windows OS and was first detected in 2016. It is marketed as Malware as a Service (MaaS) in underground hacking forums for its strong evasion techniques and relatively low price. FormBook harvests credentials from various web browsers, collects screenshots, monitors and logs keystrokes, and can download and execute files according to orders from its C&C.
Top Attacked Industries Globally
Last month, Communications remained in first place as the most exploited industry globally, followed by Utilities and Transportation.
- Communication
- Utilities
- Transportation
Top exploited vulnerabilities
Last month, “Web Servers Malicious URL Directory Traversal” was the most exploited vulnerability, impacting 51% of organizations globally, followed by “Apache Log4j Remote Code Execution” with 46% of organizations worldwide. “HTTP Headers Remote Code Execution” was the third most used vulnerability, with a global impact of 44%.
- ↔ Web Servers Malicious URL Directory Traversal – There exists a directory traversal vulnerability on different web servers. The vulnerability is due to an input validation error in a web server that does not properly sanitize the URI for the directory traversal patterns. Successful exploitation allows unauthenticated remote attackers to disclose or access arbitrary files on the vulnerable server.
- ↔ Apache Log4j Remote Code Execution (CVE-2021-44228) – A remote code execution vulnerability exists in Apache Log4j. Successful exploitation of this vulnerability could allow a remote attacker to execute arbitrary code on the affected system.
- ↔ 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.
Top Mobile Malwares
Last month SpinOk rose to first place in the most prevalent Mobile malware, followed by Anubis and AhMyth.
- SpinOk – SpinOk is an Android software module that operates as spyware. It collects information about files stored on devices and is capable of transferring them to malicious threat actors. The malicious module was found present in more than 100 Android apps and downloaded more than 421,000,000 times until May 23.
- 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.
- 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.
E-Business
Nigeria Mulls National Cybersecurity Council

Federal Government has unveiled plans to establish a National Cybersecurity Coordination Council, signaling a shift toward a more unified, intelligence-driven approach to defending the country’s rapidly expanding digital economy.

Conceived as a non-statutory, multi-stakeholder body, the proposed Council will enhance coordination, enable trusted information sharing, and guide government strategy on cybersecurity, risk management, and national response amid increasingly complex cyber threats.
The initiative, championed by Bosun Tijani, minister of communications, innovation and digital economy, is designed to bring together government institutions, private sector players and technical experts into a single collaborative platform to strengthen the country’s cyber resilience.
Tijani noted that this initiative comes in response to a wave of recent cyber incidents that have disrupted operations across key private institutions and public sector.
In recent times, Nigeria’s financial system has faced mounting cyber pressure, reflecting global trends as cybercrime is projected to cost the world over $10.5 trillion annually, according to Cybersecurity Ventures.
Analysts say these attacks are increasingly coordinated and sophisticated, prompting the government to recognise that fragmented, institution-specific approaches can no longer manage systemic cyber risks effectively.
Under the new framework, the government aims to promote a “collective defence” model, an approach widely adopted in advanced digital economies where threat intelligence is shared in real time across institutions.
The Council is expected to include chief information security officers, cybersecurity associations, the Nigerian Computer Society, global technology providers, researchers, law enforcement agencies and civil society groups, ensuring a broad-based and technically grounded response architecture.
Key priorities will include developing national threat intelligence-sharing systems, harmonised cyber defence protocols, and coordinated incident response, while strengthening capacity to close Nigeria’s cybersecurity talent gap.
E-Business
Oracle Sacks 12,000 in India, Begins Shift to AI

Oracle, US-based technology giant, has initiated a sweeping round of layoffs affecting thousands of employees globally, with India among the worst-hit regions, according to multiple reports.

The job cuts, which began on March 31, are part of a broader restructuring exercise that could impact between 20,000 and 30,000 employees worldwide, making it one of the largest workforce reductions in the company’s history.
While the exact number remains unconfirmed, multiple reports suggest that around 12,000 employees in India have been affected,
Employees across several geographies, including India, the United States, Canada, and Mexico, reported receiving termination emails early in the morning, informing them that their roles had been eliminated with immediate effect.
“Today is your last working day,” the email stated, citing “organisational change” as the reason for the decision. Access to company systems, including email and internal platforms, was revoked shortly thereafter.
The communication, according to Business Insider, described the move as part of a broader “reduction in force and other terminations,” and said affected employees would be eligible for severance benefits subject to company policy.
The email also instructed employees to share personal contact details to receive separation documents.
In India, impacted employees have reportedly been offered severance packages that include 15 days’ salary for each completed year of service, notice period pay, leave encashment, gratuity where applicable, and an additional two-month salary top-up in cases of voluntary separation.
The layoffs are linked to Oracle’s strategic shift towards artificial intelligence (AI) and cloud infrastructure.
The company has announced plans to invest approximately USD 50 billion in AI infrastructure and has reportedly raised an equivalent amount in debt to fund its expansion.
In a recent regulatory filing, Oracle said it expects restructuring costs for fiscal 2026 to reach up to USD 2.1 billion, largely driven by severance payouts and related expenses.
The move comes as Oracle looks to strengthen its position against global cloud competitors such as Amazon and Alphabet.
Uncertainty continues to loom over employees, with reports indicating that another round of layoffs could follow in the coming weeks. Employees who were affected described the layoffs as abrupt, with little prior indication.
Some former staff members have taken to social media to share their experiences.
Tricia S Marsh, a former Senior Principal at Oracle, said the layoffs marked the end of an important chapter in her career while urging affected colleagues to remain hopeful.
As of May 2025, Oracle had around 162,000 full-time employees globally.
E-Business
Cybersecurity Firm Uncovers CrystalX RAT which Steals Data, Mocks its Victims

Kaspersky Global Research & Analysis Team (GReAT) has uncovered an active malicious campaign distributing a previously undocumented RAT with a very broad feature set. Beyond the standard remote access trojan functionality, it combines stealer, keylogger, clipper, and spyware capabilities.

Cybercriminals are selling it to third parties as MaaS (malware-as-a-service) promoting it on YouTube and Telegram, increasing the likelihood of its use across a wider range of actors, including less-skilled operators.
Due to its stealer functionality, the malware can collect a wide range of data about its victim: it gathers system information, extracts credentials for Steam, Discord and Telegram, and also harvests data from web browsers. It also poses a threat to cryptocurrency users, as it includes a browser-based clipper that replaces crypto wallet addresses.
Beyond data theft, CrystalX RAT is capable of full-scale surveillance, with the ability to take screenshots, record audio from the microphone, and capture video from both the webcam and the victim’s screen.
Particularly notable is the CrystalX RAT “playful” Prankware feature set, which is actively promoted by the developers. These capabilities allow operators to visibly interfere with the victim’s system by shaking the mouse cursor, setting wallpapers on the victim’s screen, changing screen orientation, hiding desktop icons, forcing system shut downs, and even delivering real-time pop-up notifications and messages to the victim.
While seemingly trivial, these features introduce a disruptive and psychological dimension to the attack, making the attack both visible and distressing for the victim.
Kaspersky reports attacks targeting users in Russia, but the trojan has the potential to spread to other countries due to its sales and distribution model.
“Such a diverse feature set effectively enables a 360-degree compromise of the victim and a complete loss of privacy. Beyond gaining access to account credentials, the stolen data could potentially be used for blackmail.
“At the moment, the initial infection vector is not precisely known, but it is already affecting dozens of victims. Our telemetry is already detecting new versions of the implants, indicating that this malware is still actively developed and maintained.
“We expect the number of victims to grow significantly and its geographic spread to expand in the near future,” says Leonid Bezvershenko, senior security researcher at Kaspersky GReAT.
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