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Verve Card Now Accepted in Ghana

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Verve, a leading payments technology and card business in Africa, has partnered with the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) to launch acceptance in Ghana.

This initiative by Verve international also signals acceptance across several other African countries.

On the back of this strategic partnership between GhIPSS & Verve International which took place at Accra Marriot Hotel, on Friday October 25, 2019, Verve Card users (both Verve Global & Verve Classic) can now transact across all channels throughout Ghana. This acceptance of Verve card is available in a total of 22 Africa countries, including; Ghana, Kenya, Uganda, Tanzania, Nigeria, Gabon, Gambia, among others.

Mike Ogbalu III, CEO of Verve International stated that the launch was strategic because Verve and GhIPSS share similar vision to grow digital payments in Africa.

He said: “We are excited about this occasion. It marks the beginning of a great synergy between two organizations with similar aspirations to drive the growth of digital payments across Africa. Because we typically share the same payment and economic challenges in various African countries it’s also logical that the solution should be via African collaboration.

“In our attempts to solve these challenges, we realized the importance of partnerships; we also realized that GhIPSS’ vision for Ghana is consistent with that of Verve, to drive the growth of digital payment in Africa. So today we are witnessing the commencement of partnerships between Verve International and the Ghanaian financial and payment ecosystem, to grow digital payments, intra-Africa trade and ultimately drive economic prosperity.”

Archie Hesse, Chief Executive Officer of GhIPSS, said that the partnership was a welcome development as it had the capacity to boost the Ghanaian digital payment system; highlighting that the development of the digital payment system in Africa was critical to Africa’s competitiveness in the world.

He said: “We are excited to collaborate with Verve International and to midwife Verve acceptance in Ghana. We are positive this will open a new vista of opportunities for improved services and development of more home-grown solutions. The card portfolio within our banks will increase and Ghanaian cardholders will have more exciting world class services & benefits to enjoy. Together, GhIPSS and Verve will develop the digital payment ecosystem across the sub-region and beyond.

“With this partnership everybody wins; the banks in Ghana, Banks in other African countries, regulators, & most importantly customers, as it becomes easier than ever before for customers to pay for goods and services effortlessly. Verve Card holders travelling across the African continent for business or for pleasure are rest assured of removal of transaction barriers.

“We are confident that this increase in transaction velocity will accelerate trade, cooperation, commerce, cultural exchange & lift more of our people out of poverty. We anticipate a ripple effect on adjunct sectors, expansion of digital payment services in Ghana, Nigeria & African cross borders at a scale that competes with what obtains in Western countries.”

As Verve Card accepting countries widens, issuing countries increase & strategic partnerships among Africans deepen, we are building an African payment gateway that we can all be proud of.

It will also be recalled that in August, 2019, Verve launched its first international transaction in New York with a new product in its portfolio – Verve Global card.


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E-Business

NDPC Raises Alarm on Chrome Vulnerabilities, Urges Nigerians to Secure Devices

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Nigeria Data Protection Commission (NDPC) has issued an urgent security advisory, warning Nigerians of critical vulnerabilities in Google Chrome that could expose users to severe cyber threats.

NDPC Raises Alarm on Chrome Vulnerabilities, Urges Nigerians to Secure Devices

The alert, posted on the Commission’s official X handle, underscores the risks of these flaws and calls for immediate action to safeguard personal devices and data.

According to the NDPC, the vulnerabilities could allow attackers to execute arbitrary code on a user’s system, potentially granting unauthorised access to computers.

This could enable cybercriminals to install malicious programs, view, alter, or delete sensitive data, and even create new user accounts with full administrative rights.

Such breaches could disrupt device functionality, compromise personal information, and lead to significant loss of control over affected systems.

“Multiple vulnerabilities have been discovered in Google Chrome. The most severe of these could allow an attacker to take over a user’s system,” the NDPC stated, emphasising the urgency of addressing the issue.

To mitigate these risks, the Commission has advised Chrome users to apply the latest browser updates immediately.

It also recommends operating devices with standard user rights instead of administrative privileges to limit potential damage. Additionally, the NDPC urged Nigerians to exercise caution by avoiding suspicious links, unsolicited attachments, and untrusted websites.

The advisory comes as part of Nigeria’s broader efforts to strengthen data protection.

 


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Microsoft Seizes 340 Websites Linked to Nigerian-based Phishing Subscription Service

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Microsoft said on Tuesday that it seized nearly 340 websites tied to a rapidly growing Nigerian-based service that allowed users to carry out phishing operations that stole at least 5,000 Microsoft user credentials.

Microsoft obtained an order from the U.S. District Court in Manhattan earlier this month to seize domains associated with Raccoon0365, the subscription service that allowed users to carry out massive phishing campaigns, which sometimes involved thousands of emails at a time, according to Steven Masada, assistant general counsel for Microsoft’s Digital Crimes Unit.

Raccoon0365’s service, which operates through a private Telegram channel with more than 850 subscribers, enables users to impersonate trusted brands and get targets to enter Microsoft login credentials on phony Microsoft login pages, Masada said in a blog posted on Microsoft’s website.

The service has generated for its small group of operators at least $100,000 in cryptocurrency payments since launching in July 2024, Masada said in the blog. Microsoft said the seizure of the websites occurred over a period of days earlier this month.

Microsoft identified Nigeria-based Joshua Ogundipe as the leader and main operator of Raccoon0365.

Ogundipe did not immediately respond to an email request for comment sent to the email address identified by Microsoft in its court filing.

“Cybercriminals don’t need to be sophisticated to cause widespread harm,” Masada said. “Simple tools like Raccoon0365 make cybercrime accessible to virtually anyone, putting millions of users at risk.”

Raccoon0365 subscribers have targeted a wide swath of industries, Masada said, and separate court filings allege that “a significant portion” of Raccoon0365 activity targets organizations based in New York City.

Masada said Microsoft identified what it said was a Raccoon0365-related effort using tax-themed phishing emails to target more than 2,300 organizations, mostly in the U.S., between February 12 and February 28 this year, according to a company blog posted in April.

Errol Weiss, chief security officer of the Health Information Sharing & Analysis Center (Health-ISAC), which provides cybersecurity services to member health organizations and is a co-plaintiff alongside Microsoft, said Raccoon0365 has been linked to successful credential harvesting through phishing campaigns at at least five unnamed healthcare organizations, while targeting 25 health sector organizations overall. Once hackers gain that access, any number of things can happen, Weiss said.

“So many of the attacks start because somebody gave up their user name and password to a bad guy,” Weiss said in an interview. “Once that cybercriminal has access to the network, then it’s just up to the imagination in terms of what comes next and how they monetize it.”

The Raccoon0365 operators used services provided by Cloudflare to help hide the service’s backend infrastructure, the internet services firm said in its own blog post. Cloudflare worked with Microsoft and the U.S. Secret Service to disrupt Raccoon0365 operations on its platform and prevent the operators from establishing new accounts, the company said.

Blake Darché, the head of threat intelligence at Cloudflare, said in an interview that the Raccoon0365 operators made some key operational security mistakes but were highly effective.

“They’re in people’s accounts, they compromise lots of people, and it needs to obviously be stopped,” he said.

 


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How to Access Business Information Securely

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A recent Kaspersky survey entitled “Cybersecurity in the workplace: Employee knowledge and behaviour”, showed that professionals surveyed in the Middle East, Turkiye and Africa (META) region, use multiple devices for work: along with a computer, 54,8% of respondents also use a mobile phone, and 34,7% use a tablet as well.

At the same time only 71% of respondents acknowledged having cybersecurity protection solutions installed on all devices that they use to access business information, and 6,6% of those surveyed don’t know if their devices are protected or not.

In today’s interconnected digital landscape, securing all devices used to access business data is essential to protect sensitive information and maintain operational integrity.

Devices that lack essential protection can be exploited by cyber attackers to gain unauthorised access, steal data, deploy ransomware, or disrupt business operations.

Within the past 12 months, 39,5% of respondents in the META region admitted to using their work devices for personal purposes (watching movies/ YouTube, playing games, shopping, holiday bookings, etc.), 32,2% connected work devices to public Wi-Fi networks, 9,8% lost their devices and 9,7% had their devices stolen.

These figures underline the need for a cyber hygiene mindset and security solutions for all endpoints, as each of them present cybersecurity risks to a business.

Personal use of work devices can lead to the installation of unauthorised apps or exposure to malicious websites, increasing the chance of malware infections or data leaks. Connecting to public Wi-Fi networks, which are often unencrypted and poorly secured, can allow cybercriminals to intercept sensitive business data or inject harmful software, so it should be secured with a VPN.

Additionally, if a device is lost or stolen and lacks proper security controls – like strong passwords, encryption, or remote wipe capabilities – critical business information could fall into the wrong hands.

“With the increasing reliance on cloud services, remote work, and mobile access, businesses need to implement comprehensive security measures. Cyber hygiene – or simply said good IT habits, security policies and the use of robust security solutions are essential practices for protecting business systems.

Security solutions should include endpoint protection for every device that accesses business information. Multi-factor authentication, regular software updates and backups are must haves now,” says Brandon Muller, Technical Expert for the MEA region at Kaspersky.


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