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Monday, February 3, 2014

Cyber attacks: Nigeria could be a key target this year

Nigeria’s government as well as the country’s financial and ICT sectors will be under increasing threat of cyber attacks this year, claims a technology expert.

In a report by The Daily Trust Tim Akano, Managing Director and CEO of New Horizons Nigeria is quoted as saying that people and institutions could fall victim to attacks from a number of threats including malware, ransomware, spear phising and social network attacks, amongst others.

He also issued the warning that because of the growth of mobile, there is expected to be an increase in mobile malware.

“Smart phones and tablet vulnerabilities will be exploited by hackers to steal information and data for commercial gains and blackmail. When the ransomware pops up while browsing on the internet disguised as a genuine message from the law enforcement agents claiming that the computer user is into something unethical and illegal on the net, the device will then be locked automatically and a message requesting the owner to pay certain sum of cash into a code to get the device unlocked will be sent,” the publication quotes Akano as saying.

Akano also highlighted the danger of what he described as “advanced, persistent threats” by hackers and the use of social networks as a base from which to initiate attacks.

Tuesday, January 28, 2014

Cybercrime rising across Africa’s financial sector

Incidents of cybercrime continue to plague Africa’s banking sector. Regional media claim that several banking institutions are being investigated in cybercrime cases.

These investigations are said to include inquiries about illegal online transfer of funds according to a CIO East Africa report.

The report says that The Economic and Financial Crimes Commission (EFCC) in Nigeria has confirmed its investigation of certain banks for cybercrime complicity.

EFCC Chairman Ibrahim Lamorde is quoted by the publication as saying, “Several banks which allegedly had insiders conniving with the suspects are being directly investigated and cautioned on the issue.”

The issue has also impacted on Zambia. Authorities are said to be concerned over what the report describes as “the sudden rise in cybercrime that has hit the financial sector.” Police officials are said to be aware of escalating levels of cybercrime and have cited illegal online transfers and conspiracy between bank officials and outside parties as a growing problem

Monday, January 20, 2014

Special Cybercrime Unit for Kenya

As cyber-crime activities across the continent cripple business and government websites, Kenya’s Director of Public Prosecutions Keriako Tobiko announced last week that the country is taking steps to combat cyber-crime by forming a dedicated unit.

Kenya’s Director of Public Prosecutions Keriako Tobiko
Tobiko revealed that Kenya looses in excess of $23.3 million a year to cyber-crime.

“In view of the rising incidents of cyber-crime, the Office of the Director of Public Prosecutions (ODPP) has established a dedicated unit to spearhead the prosecution of cyber criminals. Kenya is losing an estimated 2 billion shillings ($23.3 million) annually through cyber-crime,” said.

He added that the ODPP would review the existing laws pertaining to the prosecution of cyber-criminals.

“In recognising that there are inadequate laws currently in place for the prosecution of cyber-crimes, the ODPP has organised a workshop to review existing laws and develop a comprehensive draft bill on cyber-crime in line with relevant international best practices,” he concluded.

Thursday, January 16, 2014

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Thursday, January 9, 2014

LinkedIn Files Lawsuit against Fake Account Creators

LinkedIn filed a lawsuit against 10 people who created thousands of abusive accounts, according to the Wall Street Journal. The action comes less than two months after security experts warned about fake recruiters enticing users of the social network with well-paid jobs.

On Monday, LinkedIn filed a lawsuit in the U.S. District Court for the Northern District of California. The social network’s representatives said they deleted the fake profiles and traced them to an account registered at cloud computing giant Amazon Web Services.

One of the fake LinkedIn profiles
was put up by an attractive,
bogus recruiter, named Annabella Erica. 
LinkedIn accused the suspects of distributing malware on computers and puffing up users’ profiles. The business-focused network said cyber-criminals violated its user agreement by creating multiple fake accounts that stole data from legitimate profiles through a method known as scraping.

“It undermines the integrity and effectiveness of LinkedIn’s platform in several ways,” court documents read. “The world’s professionals utilize LinkedIn with the expectation that its contents are accurate and its user profiles legitimate.”

Court documents show no evidence that the fake-account creators tried to break into LinkedIn systems. The filing doesn’t specify what the suspects were doing with the fake resumes, either.

LinkedIn asked Amazon Web Services for the names of the owners of the bogus accounts. The cloud computing giant did not immediately respond to a request for comment, according to the Wall Street Journal.

In November, experts warned about fake LinkedIn profiles that gather personal details and lead users to dangerous websites. Amid research into the growing number of social media scams, ESET detected several virulent campaigns that lured victims with exciting job offers from attractive female recruiters.

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