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Over half of Nigeria’s cyber attacks target government, finance — Report

A recent research by Positive Technologies, a leader in result-driven cybersecurity, has revealed that over half of cyber attacks in Nigeria target the government sector and financial companies.

This was contained in the firm’s analysis of the current cyber threats on the African continent for 2023–2024.

According to the experts, these attacks are often carried out by organised hacker groups aiming for financial gain and espionage, as well as by hacktivists.

In Africa, government and financial institutions make up 29 cent and 22 cent of all successful attacks on organisations, respectively.

The analysis of messages on the dark web forums confirmed that these sectors attract cybercriminals the most: they account for 19 per cent and 13 percent of all the darknet listings.

Anastasia Bezborodko, an analyst from the International Analytics Group at Positive Technologies, noted: “The share of attacks against the government sector among all attacks on organisations in Africa is twice as much as was found in our previous research. “Most often, government institutions are targeted by APT groups (46 percent) aiming to collect data and perform cyberespionage, as well as by hacktivists (18 percent ).

” Cybercriminals primarily target government institutions in Nigeria (27 percent ), Algeria (17 percent ), Ethiopia (12 percent ), and South Africa (12 percent), according to dark web data.
“Attacks on the financial sector also increased, rising from 18 percent to 22 percent of all successful attacks.

“On the dark web, posts related to Africa’s government sector typically mention free distribution of information (66 percent), while those related to financial institutions focus on selling data and access (64 percent).”

According to Positive Technologies, more than half of the databases related to African countries are distributed for free on the dark web, while access to corporate networks can be bought for an average of $2,970.

One in 10 successful cyberattacks on organisations in the region targeted the industrial sector.
The main goal of these attacks was to disrupt production processes and steal confidential information.

Another 10 percent of attacks targeted telecommunications: cybercriminals are drawn to vast amounts of personal data and customer payment information. In attacks on organisations, criminals most often targeted computers, servers, and network equipment (65 cent).
This points to weak infrastructure protection, such as vulnerabilities.

The report covered the period from Q1 2023 to Q3 2024. network perimeters and poorly configured services that are accessible externally.

Attacks targeting web resources surged from 15 per cent to 27 percent with DDoS attacks accounting for half. Malware was the most common method used in cyberattacks, accounting for 43 percent of attacks on organisations and 53 percent of attacks on individuals. In almost one-third of successful attacks on companies, cybercriminals used ransomware, and in one out of every four attacks, they deployed spyware.

In 18 percent of attacks on organisations, hackers exploited vulnerabilities. The most common result of cyberattacks on organisations (61 percent ) and individuals (53 percent) was hackers accessing confidential information.

Another common issue was disruption of core business operations, which occurred in 18 percent of successful attacks.

According to open-source data, a significant share of cyberattacks happened in South Africa (22 percent ) and Egypt (13 percent). Meanwhile, analysis of posts on the dark web forums revealed that these messages primarily targeted South Africa (25 percent ), Nigeria (18 percent), and Algeria (13 percent ).

Most often, dark web listings feature databases (61 percent), and more than half of these databases (64 percent) are given away for free. Criminals also sell data for accessing the networks of major African companies (38 percent of all analysed dark web messages). Most of these posts (74 per cent) are about selling access, with an average price of $2,970.
In recent years, digital technologies have been implemented across various sectors in Africa, opening up new opportunities for cybercriminals.

To increase the region’s cybersecurity and thwart future cybercrimes, experts at Positive Technologies recommend adopting protective measures, such as developing and timely updating cybersecurity strategies and identifying critical information infrastructure, the disruption of which could cause non-tolerable events at industry and national levels.

To ensure cyber resilience, experts recommend that organisations conduct risk analysis, put together a list of events that could cause irreparable damage, regularly update systems and applications, and continuously check the effectiveness and relevance of security mechanisms and tools in place. Organisations should also host educational events to teach employees basic security rules and allocate budgets for training cybersecurity specialists. To improve cybersecurity, experts recommend forging strong partnerships between the government and private sectors.

Strengthening international collaboration, sharing knowledge, and exchanging experiences on current cyberthreats and protective measures are also crucial.

Positive Technologies is an industry leader in result-driven cybersecurity and a major global provider of information security solutions.

Our mission is to safeguard businesses and entire industries against cyberattacks and non-tolerable damage. Over 4,000 organisations worldwide use technologies and services developed by our company.

Positive Technologies is the first and only cybersecurity company in Russia publicly available on the Moscow Exchange (MOEX: POSI), with 205,000 shareholders and counting.

Related Topics:Cyber attacks Featured Nigeria

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Dangote Petroleum Refinery on Sunday announced a N20 reduction in the ex-refinery price to marketers, with prices moving from N990 to N970 per litre.

The Group Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina, disclosed the new pricing in a statement, describing the development as a gesture of appreciation to Nigerians and the government for their unwavering support.

With the drop in the price of crude oil, the price of Premium Motor Spirit (PMS) should slightly decrease, given that crude oil is a major determinant of the eventual price of petroleum products.

“As the year comes to an end, this is our way of appreciating the good people of Nigeria for their unwavering support in making the refinery a dream come true. In addition, this is to thank the government for their support, as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” Chiejina said.

The refinery, which commenced operations earlier this year, has been pivotal in reshaping Nigeria’s downstream petroleum landscape.

Chiejina assured that the Dangote Refinery would continue to maintain stringent quality standards for its products while working to address Nigeria’s fuel supply challenges.

“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption, thus dispelling any fear of a shortfall in supply,” he added.

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Gov. Bassey Otu of Cross River has appealed to labour unions in the state to shelve their planned industrial action over the implementation of the new minimum wage.

The governor said his administration remained committed to the implementation of the new wage of N70, 000 recently signed into law by President Bola Tinubu.

The governor made the appeal during the 5th edition of the State Solemn Assembly held Saturday night at U.J. Esuene Stadium, Calabar.

Represented by his deputy, Dr Peter Odey, Otu said his government would continue to prioritise welfare of workers in the state.

It would be recalled that labour unions in the state had on Wednesday issued notice of 2-day warning strike scheduled to commence midnight of Sunday.

The unions attributed the planned action to the breakdown of negotiations between it and the government.

The organised labour threatened that after the warning strike the industrial action would continue with a December 1 panned nationwide strike.

“I appeal to the leadership of organised labor and all affiliates of the NLC (Nigeria Labour Congress) and TUC (Trade Union Congress) to suspend their planned strike.

“I enjoin them to support the government in the quest to improve the lots of our people,’’ Out said.

He urged the people of Cross River to sustain their support and prayers for the administration to achieve its ‘People First’ mantra.

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Nwifuru orders health ministry officials arrest over material diversion

Gov. Francis Nwifuru of Ebonyi has ordered the arrest and prosecution of six state Ministry of Health members of staff for allegedly diverting materials meant for the ministry.

Nwifuru in a statement signed by his Chief Press Secretary, Dr Monday Uzor, on Sunday, ordered the arrest of one Ndukwe Ayansi and five others over the issue.

The statement indicated that the governor while inspecting projects cited an articulated vehicle loading registers, books and other materials from the warehouse of the Ministry of Health.

“Nwifuru stopped and made inquiries but not satisfied with answers given to him.

“The governor probed further and discovered that patients’ data registers, cards and other documents were being moved into the vehicle.

“He also discovered that all the documents had been sold without government approval,” Uzor said.

The governor, according to him, described the action as sabotage of government’s efforts at repositioning the health sector.

“You are selling government documents without approval on a Saturday afternoon.

“The state’s hospitals in the rural areas are in need of registers data entry forms and hospital cards.

“Unfortunately, you are selling the ones produced by the government,” he said.

Uzor further said that the suspects had been handed over to the police while investigation continued

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The FG is set to diversify Nigeria's economy through the creative industry

The Federal Government (FG) has expressed its readiness to diversify Nigeria’s economy through the development of the creative industry.

Vice President, Kashim Shettima made this known in a statement he shared on his official X account on Sunday morning.

“President Bola Tinubu yesterday (Saturday) identified the creative economy as a cornerstone of his administration’s economic diversification agenda,” Shettima said.

“Tinubu has also reaffirmed his administration’s commitment to positioning Nigeria’s creative sector as a key driver of the country’s global influence.”

The president who was represented by his vice stated this during the launch of the 2024 Abuja International Carnival at the Eagle Square, Federal Capital Territory (FCT), Abuja.

“We are not here just to celebrate a carnival but to reaffirm the essence of who we are as Nigerians, a people of culture, a people of art, a people of colour and a people of shared values,” Shettima said on behalf of Tinubu.

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ICPC tracks 5,000 uncompleted projects valued at N74b

The ICPC has tracked 5,000 uncompleted projects valued at N74 billion

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed it has tracked over 5,000 uncompleted projects since 2019 valued at N74 billion.

The ICPC Chairman, Dr. Musa Adamu Aliyu made the disclosure at the weekend after the commission and BudgIT Foundation signed a Memorandum of Understanding (MoU).

Aliyu said the ICPC and BudgIT Foundation have decided to sign the MoU to further enshrine integrity in the execution of publicly funded projects.

He added that the commission has directed the contractors involved to return to the site and ensure the completion of the uncompleted projects.

The MoU was signed at the commission’s headquarters on Friday when the BudgIT delegation, led by its Country Representative, Mr. Gabriel Okeowo paid a courtesy visit to the ICPC.

The ICPC Chairman expressed his satisfaction with the terms of the agreement, adding that it is a testament to a shared vision between the commission and BudgIT Nigeria.

Aliyu explained that the two organisations have continued to ensure that the country’s scarce resources are deployed appropriately.

“The Constituency and Executive Projects Tracking Group (CEPTG) has tracked over 5,000 projects since 2019 and successfully directed contractors to return to uncompleted projects valued at N74 billion,” he noted.

He said that ICPC would continue to hold defaulters accountable, just as it had arraigned others in the past, maintaining that the commission and other relevant authorities would deal with any issues that Nigerians report regarding their constituency projects.

Aliyu said: “The MoU will stabilise our core working relationship with BudgIT to ensure that we help Nigerians.

“I call on Nigerians to follow the work of CEPTG and also get a copy of the Nigerian budget, track and monitor their constituency projects in order to hold the government accountable.”

Earlier, in a brief address, the Country Representative of BudgIT, Gabriel Okeowo stated that the MoU demonstrated the two bodies’ mutual commitment, as certain clauses within the agreement were already being implemented even before it was officially signed.

Okeowo acknowledged the Commission’s project tracking activities, ongoing simultaneously across the country, and shared that the MoU would add credence to the collaboration of both parties.

The collaboration is coordinated through BudgIT’s investigative arm, TRACKA, which will be useful in sharing relevant information, data, and intelligence concerning fraud in publicly funded project execution.

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Ogun Customs hand over drugs worth N117.5m to NDLEA

The Ogun State Customs have handed over drugs worth N117.5 million to the NDLEA

The Nigeria Customs Service (NCS), Ogun Area Command, Idiroko has handed over illicit drugs worth N117.5 million to the National Drug Law Enforcement Agency (NDLEA).

The NCS made the announcement in a press statement it shared on its official Facebook account on Sunday morning.

According to the statement, Comptroller James Ojo of the Ogun Customs Area Command, Idiroko has reaffirmed his commitment to disrupting the supply chain of illicit drugs and safeguarding youths, families and communities.

Ojo said this on Friday, November 22, 2024 while handing over 6,504 parcels of Cannabis Sativa (weighing 7,217.7 kg) and 362 packs of Tramaking tablets (225mg Tramadol) to the NDLEA in Abeokuta.

Addressing journalists, Comptroller Ojo disclosed that the interception of the items, valued at N117,587,405 in Duty Paid Value (DPV) was made possible through effective collaboration with intelligence units, local informants and sister agencies.

He described the scale of illicit drug smuggling as “alarming and worrisome,” adding: “These landmark operations reflect the Nigeria Customs Service’s unwavering commitment to protecting public health, ensuring community safety and upholding the rule of law.”

He assured the public that the command would continue to enhance intelligence gathering and strengthen cooperation with relevant agencies to combat smuggling and related criminal activities.

The seized items were officially handed over to NDLEA representatives as part of inter-agency collaboration.

The Commander of the NDLEA Idiroko Special Command, Olusegun Adeyeye commended the synergy between the two agencies.

“This collaboration underscores the collective effort to fight drug abuse. We will continue to intensify our campaign against illicit drugs,” Adeyeye said.