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

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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%.

  1. 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.
  1. 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.
  1. 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.

  1. Communication
  2. Utilities
  3. 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%.

  1. ↔ 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.
  1. ↔ 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.
  1. ↔ 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.

  1. 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.
  1. 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.
  1. 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.

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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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