E-Business
Sophisticated Cyberattacks Drive Innovation Btw Adversaries & Defenders- Cisco

Both the attackers and defenders in the cyber world are innovating. The Cisco® 2015 Midyear Security Report released on Tuesday, tell us how.
The report which analyzes threat intelligence and cybersecurity trends, reveals the critical need for organizations to reduce time to detection (TTD) in order to remediate against sophisticated attacks by highly motivated threat actors.
The Angler Exploit Kit represents the types of common threats that will challenge organizations as the digital economy and the Internet of Everything (IoE) create new attack vectors and monetization opportunities for adversaries.
The report shows that new risks associated with Flash, the evolution of ransomware, and the Dridex mutating malware campaign, reinforce the need for reduced time to detection.
With the digitization of business and the IoE, malware and threats become even more pervasive, which shines a light on the security industry’s estimates of 100 to 200 days for TTD.
In contrast, the average TTD for Cisco Advanced Malware Protection (AMP), with its retrospective analysis of attacks that make it past existing defenses, is 46 hours.
The findings also underscore the need for businesses to deploy integrated solutions vs. point products, work with trustworthy vendors, and enlist security services providers for guidance and assessment.
Further, geopolitical experts have declared that a global cyber governance framework is needed to sustain economic growth.
Other key findings from the study include the following:
Angler: Adversaries Darting in the Shadows Angler is currently one of the most sophisticated and widely used exploit kits because of its innovative use of Flash, Java, Internet Explorer, and Silverlight vulnerabilities.
It also excels at attempting to evade detection by employing domain shadowing, as one of its techniques, accounting for the lion’s share of domain shadowing activity.
Flash is Back – Exploits of Adobe Flash vulnerabilities, which are integrated into Angler and Nuclear exploit kits, are on the rise.
This is due to lack of automated patching, as well as consumers who fail to update immediately.
In the first half of 2015, there has been a 66 percent increase in the number of Adobe Flash Player vulnerabilities reported by the Common Vulnerabilities and Exposure (CVE) system over all of 2014.
At this rate, Flash is on pace to set an all-time record for the number of CVEs reported in 2015.
The Evolution of Ransomware – Ransomware remains highly lucrative for hackers as they continue to release new variants.
Ransomware operations have matured to the point that they are completely automated and carried out through the dark web.
To conceal payment transactions from law enforcement, ransoms are paid in cryptocurrencies, such as bitcoin.
Dridex: Campaigns on the Fly – The creators of these quickly mutating campaigns have a sophisticated understanding of evading security measures.
As part of their evasion tactics, attackers rapidly change the emails’ content, user agents, attachments, or referrers and launch new campaigns, forcing traditional antivirus systems to detect them anew.
A Call to Arms
The innovation race between adversaries and security vendors is accelerating, placing end users and organizations at increasing risk.
Vendors must be vigilant in developing integrated security solutions that help organizations be proactive and align the right people, processes, and technology.
Integrated Threat Defense – Organizations face significant challenges with point product solutions and need to consider an integrated threat defense architecture that embeds security everywhere, and will enforce at any control point.
Services Fill the Gap – As the security industry addresses increased fragmentation, a dynamic threat landscape, and how to cope with a rising shortfall of skilled talent, businesses must invest in effective, sustainable and trusted security solutions and professional services.
Global Cyber Governance Framework – Global cyber governance is not prepared to handle the emerging threat landscape or geopolitical challenges.
The question of boundaries — how governments collect data about citizens and businesses and share among jurisdictions — is a significant hurdle to achieving cohesive cyber governance as worldwide cooperation is limited.
A collaborative, multi-stakeholder cyber governance framework is required to sustain business innovation and economic growth on a global stage.
Trustworthy Vendors – Organizations should demand that their technology vendors are transparent about and able to demonstrate the security they build into their products in order to be considered trustworthy.
These organizations must carry this understanding across all aspects of product development starting with the supply chain and through the deployed life of their products.
They must ask vendors to contractually back up their claims and demand better security.
Speaking on the report, John N. Stewart, senior vice president, chief security and trust officer, Cisco, said, “Organizations cannot just accept that compromise is inevitable, even if it feels like it today. The technology industry must up the game and provide reliable and resilient products and services, and the security industry must provide vastly improved, yet meaningfully simplified, capabilities for detecting, preventing, and recovering from attacks. This is where we are leading.
“We are regularly told that business strategy and security strategy are the top two issues for our customers, and they want trusted partnerships with us. Trust is tightly linked to security, and transparency is key so industry-leading technology is only half the battle. We’re committed to providing both: industry-defining security capabilities and trustworthy solutions across all product lines.”
Also, Jason Brvenik, principal engineer, Security Business Group, Cisco, said, “Hackers, being unencumbered, have the upper hand in agility, innovation and brazenness. We see this time and again, whether it is nation state actors, malware, exploit kits or ransomware. A purely preventive approach has proven ineffective, and we are simply too far down the road to accept a time to detection measured in hundreds of days.
“The question of ‘what do you do when you are compromised’ highlights the need for organizations to invest in integrated technologies that work in concert to reduce time to detection and remediation to a matter of hours; and then they should demand their vendors help them to reduce this metric to minutes.”
E-Business
CBN Affirms Alpha Morgan Bank’s Capitalisation

The Central Bank of Nigeria (CBN) has affirmed the capitalisation of Alpha Morgan Bank, marking an important milestone in the bank’s growth journey and reinforcing its commitment to building a strong, resilient, and future-ready financial institution.

This affirmation reflects the bank’s adherence to regulatory requirements and its strategic focus on strengthening its capital base to support sustainable growth, innovation and improved service delivery to customers.
With this milestone, Alpha Morgan Bank is well positioned to continue expanding its footprint with its 14 approved branches across different states, while deepening inclusivity and enhancing the range of banking solutions available to individuals, businesses, and institutional clients nationwide.
Commenting on the development, the Managing Director of Alpha Morgan Bank, Mr. Ade Buraimo, expressed the readiness of the bank in ensuring compliance with regulatory requirement, good governance framework while delivering satisfying banking along the long-term vision of the bank to become the best bank to work and strong financial institution to reckon with.
He said: “Capitalisation is more than a regulatory requirement; it is an opportunity to strengthen the institution for the future. The affirmation of Alpha Morgan Bank capitalisation reflects the work we have done to build a solid capital foundation that allows us to support businesses more effectively, expand financial access and continue delivering the level of service our customers expect.’’
According to him, Alpha Morgan Bank remains committed to maintaining strong corporate governance standards, sound risk management practices, and prudent financial management as it continues to support economic development and create long-term value for stakeholders.
“As Alpha Morgan Bank enters the next phase of its journey, the institution will continue to scale its operation, invest in technology, expand its branch network and digital banking presence, whilst delivering reliable and satisfying banking experiences to its growing customer base,” Buraimo added.
E-Business
Police Says Victims Enable Cyber Attacks Out of Ignorance

Mr Uche Ifeanyi, commissioner of Police in charge of the Nigeria Police Force National Cyber Crime Centre (NPF-NCCC), said on Friday that most cyber attacks occur because victims act out of ignorance.

He spoke in Abuja at the opening of an online cybercrime awareness campaign themed “Odogwu No Dey Hide Him Face,” organised to educate and empower communities about online safety and cyber hygiene.
“Studies reveal that the majority of cyber attacks are initiated or enabled by victims due to lack of knowledge.
“Personal information is invaluable and must be protected at all times.
“Just as we maintain physical health, we must also maintain a healthy digital lifestyle,” he added, stressing that simple cyber hygiene practices could greatly reduce the risk of becoming a victim.
He urged the public not to disclose confidential information to unauthorised persons and to use strong, unique passwords, enable multi-factor authentication, and apply security safeguards on digital devices.
“Keep personal information private, avoid suspicious links, and regularly update software or system patches,” he said, adding that antivirus programmes and firewalls were essential for online safety.
Ifeanyi warned against falling for “free gifts” online.
“If it sounds too good to be true, it most likely is fraud,” he said, advising caution with urgent or suspicious messages.
He also urged internet users to verify information before sharing to avoid spreading fake news, emphasising that cybercriminals could exploit everyone regardless of age, occupation, or social class.
Vincent Olatunji, director-general, National Data Protection Commission (NDPC), commended NPF-NCCC for its efforts and said the campaign theme was commendable.
He noted the importance of educating people on legitimate wealth and safe internet use.
Olatunji said that the fight against cybercrime required collective effort, warning that the risks were increasing daily as more people connected to the internet across Nigeria.
E-Business
Firm Enhances its Security Awareness Platform with SCORM and PDF Support

Kaspersky has introduced an update to its Automated Security Awareness Platform, adding full support for PDF and SCORM (Sharable Content Object Reference Model) – the industry-standard protocol for deploying and managing e-learning content.

The enhancement enables organisations to build fully customised cybersecurity training programmes that reflect their infrastructure, risk profile, and internal policies, while continuing to benefit from Kaspersky’s expert-driven security content and phishing simulations.
According to the Kaspersky report titled “Redefining the Human Factor in Cybersecurity”, employees responding to phishing attacks was one of the main causes of cyber incidents in companies worldwide, accounting for 21% of cases among other reasons.
At the same time, additional Kaspersky research reveals that social engineering attacks are predicted to increase more than any other type in the nearest future, with 87% of respondents believing that social engineering attacks will become even more effective due to the use of AI tools.
The new Kaspersky Automated Security Awareness Platform (Kaspersky ASAP) update directly addresses several persistent challenges such as reducing the number of human-related incidents, cutting time spent on managing training programmes, decreasing regulatory and compliance risks, and minimising potential legal or reputational damage stemming from cybersecurity breaches.
With the new SCORM support, the platform becomes even more flexible: companies can now upload, track, and manage their own SCORM-based learning materials directly within the system. In addition, companies can accelerate their programmes by using easier-to-create PDF-formats.
This allows organisations to tailor training to their specific technology stacks and emerging threats targeting their industry or region. Businesses that have already invested in third-party SCORM courses or internal learning development can now seamlessly reuse their existing modules, protecting their prior investments while strengthening their cybersecurity posture.
The combination of Kaspersky’s embedded content built on real cases uncovered by the company’s world-class experts with customers’ PDF materials or SCORM modules enables a true best-of-breed approach to human risk management.
Organisations can supplement Kaspersky’s up-to-date cyberattack scenarios with internal policies, unique workflows, and industry-specific lessons, ensuring training resonates with employees and reflects real operational challenges.
“Human behaviour remains one of the most unpredictable elements in cybersecurity and also one of the easiest for attackers to exploit. By adding SCORM support to Kaspersky Automated Security Awareness Platform, we’re giving organisations the flexibility to build training programmes that truly match their internal realities.
“Combined with Kaspersky’s expert-driven content and real-world attack data, this update empowers companies to create more adaptive, relevant, and impactful awareness programmes than ever before,” comments Svetlana Kalashnikova, Security Awareness expert at Kaspersky.
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