Category: Security

New Scam Shows Why You Should Never Click on Links in Emails

New Scam Shows Why You Should Never Click on Links in Emails

Email scams are one of the oldest tricks that internet scammers use to separate you from your valuable information. While they started off as laughable pleas from far-off princes, they’re now so advanced that you might not even be able to tell they’re fake. A security researcher recently discovered that URLs can be modified to Read More

Cyber-attacks on Nigerian banks imminent, warns group

Cyber-attacks on Nigerian banks imminent, warns group

The Cyber Security Experts Association of Nigeria (CSEAN) has warned that with the level of vulnerability of the country to cyber-attacks, financial institutions may be hit soon. According to Afon, cyber-attacks were becoming more sophisticated, stressing the need to build resilient cyber defence mechanism for the country. Click here to view complete post at www.biztechafrica.com Read More

How safe is your online banking profile

How safe is your online banking profile

“Fraudsters are extremely agile, they are very innovative, there are some really bright and tech savvy people that form part of these fraud syndicates and the banks need to be able to respond in an equally agile manner. Having the right technology, the right processes and the right people is important,” he says. With all Read More

Nigeria and internet fraud

Nigeria and internet fraud

That Nigeria loses a lot of money through internet fraud is not news but the figure of over N127 billion as annual loss given by the Minister of Communications is staggering. Most of the frauds are said to be perpetrated via foreign internet domain names being patronised by over 93 million internet users in Nigeria. Read More

FBI declares Nigerian wanted for alleged $5 million email scam

FBI declares Nigerian wanted for alleged $5 million email scam

As part of scheme, the suspect and his co-conspirators allegedly defrauded victims across the U.S. by tricking them into wiring money to bank accounts the victims believed were owned by friends or business associates. They did this in two ways: by overtaking an e-mail account of an individual trusted by the victim and then requesting Read More

Op-Ed: SWOT analysis of the Nigerian e-commerce sector

Op-Ed: SWOT analysis of the Nigerian e-commerce sector

The 419 scams haven’t just affected Nigeria’s image worldwide, but also the domestic market’s perception of risks with payments online. Combine that with un-banked population and it’s no surprise the industry has developed to a standard of cash-on-delivery for its payments. While the big brands such as Jumia have developed the trust with their customer Read More

CURBING CYBERCRIMES IN NIGERIA

Curbing Cybercrimes In Nigeria

The country is ranked third in global Internet crime after the United States of America and United Kingdom while 7.5 per cent of the world’s hackers are said to be Nigerians. Committed mostly by the young and mostly unemployed, often called “Yahoo” boys, a precursor of the infamous ‘419’ email scammers, the fraudsters are increasingly Read More

How to keep yourself safe when banking online

How to keep yourself safe when banking online

The ease and convenience of banking on a mobile device is undeniable. However, this luxury does not come without any risk as cyber crime continues to plague various industries by taking advantage of the unknowing consumer. This threat has seen banks make a concerted effort to educate their customers about the risks that they face Read More

Nigerian Family Jailed 252 Months in US for Internet Dating Scam

Nigerian Family Jailed 252 Months in US for Internet Dating Scam

A United States District Judge, Paul W. Grimm has sentenced Gbenga Ogundele aka Benson Ogundele, age 58; of Laurel, Maryland to 234 months in prison, and sentenced his wife, Moji Popoola, aka Mojisola Oluwakemi Tin Popoola/Moji T. Popoola, age 42, also of Laurel, to 18 months in prison, each followed by three years of supervised Read More

Nigeria’s Biggest Hacker Convention coming soon

Nigeria’s Biggest Hacker Convention coming soon

NaijaSecCon ’17 – Nigeria’s first-of-its-kind cyber-security conference, is exclusively focused on technical content and delivered by ethical hackers and security experts that will leave you shocked and enlightened. The session will unveil the latest cyber attacks, techniques and tactics used by today’s hackers and demonstrate ways to protect your networks and critical data. Whether you’re Read More

Kenya: Sh4bn Hacking Suspect Lives Large and Brags Big

Kenya: Sh4bn Hacking Suspect Lives Large and Brags Big

Police now say the 28-year-old Mr Mutuku is the biggest nightmare for banks and other institutions and is a prime suspect in the hacking of the Kenya Revenue Authority’s computer systems. On Tuesday, he was in a Nairobi court, charged with hacking the KRA system, leading to a loss of Sh4 billion. Click here to Read More

Nigeria: The View That '419' Makes Nigeria a Global Cybercrime Player Is Misplaced

Nigeria: The View That ‘419’ Makes Nigeria a Global Cybercrime Player Is Misplaced

The contemptuous label of “cyber-criminals” is the figurative sword with which the Nigerian image is generally being hacked and left for dead. According to Professor Biko Agozino of Virginia Tech university, This unfortunate generalisation, especially in the media, has a far-reaching negative impact on the overall image of Nigeria as a nation. It’s become the Read More

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