Crypto Trader Lose $44 billion in 12 Months Over Cyber Attack

Due to cyber attacks, it has been reported that crypto platforms have lost about $44 billion between June 2021 and June 2022 as confirmed by Acronis Cyber Protection Operation Centers, a global leader in cyber protection. The Acronis further revealed the new cyber threat trend that cybercriminals use focusing more on cryptocurrencies and DeFi platforms.

Microsoft Warns Of 'Raspberry Robin' Worm On Windows Networks

Microsoft has warned of discovery of a Windows worm on networks of hundreds of organisations in various industries. The malware referred to as “Raspberry Robin” is said to spread through USB devices. The worm was first spotted in September 2021 by intelligence analysts Red Canary, bleeping Computer reported. Now, the worm has been detected on the networks of multiple customer, many of whom are companies from the technology and manufacturing sectors. It requires a user to insert the USB device and click a malicious. LNK file. After that, the worm uses the Windows command prompt to launch an msiexec process and run a malicious file also present on the device. A connection is then established with a command and control server using a short URL, and if successfully, a number of malicious DLLs are downloaded and installed. The legitimare Windows utility odbcconf.exe is then used to execute the DLLs while the worm repeatedly attempts to connect to Tor network nodes. At least some of the command and control servers being used are thought to be infected QNAP NAS devices.

2021: 44% Of Nigerian Companies Paid Ransom To Hackers

Sophos, a cyber security solutions firm based in the United Kingdom stated that 71% of Nigerian firms were attacked by ransomware in 2021 and 44% of the affected companies paid ransom to hackers in order to get their data back. The company made this known in a recent report titled ‘The State of Ransomware 2022’ which stated that Nigerian companies attacked with ransomware were 22% in 2020 compared to 71% in 2021.

Information Warfare: FG Seeks Google Support

Nigerian Government through her Ministery of Information and Culture has tasked tech giant Google to help in her battle against disinformation, the spread of fake news and hate, from users on its platforms. The Minister of Information and Culture, Alhaji Lai Mohammed, who made the request when he hosted a team from Google in his office in Abuja on Thursday, stated that the platform is becoming popular among those who are waging information warfare against the country and has implored the tech giant to deny them, especially the Indigenous People of Biafra (IPOB) the use of its platform for its acts of violence and destabilization.

NCC Alerts Nigerians On New Car Theft Pattern

The Nigerian Communications Commission (NCC) crave the indulgence of telecom consumers and members of the public on an ongoing cyber-vulnerability that allows a nearby hacker to unlock vehicles, start their engines wirelessly and make away with the cars. The Commission revealed that the fact that car remotes are categorized as short-range devices that make use of radiofrequency (RF) to lock and unlock cars informed the need for the Commission to alert the general public on this danger, where hackers take advantage to unlock and start a compromised car.

Bar Outgoing Calls From Unlinked SIMs – FG

The Federal Government has directed all telecommunication companies in Nigeria to bar outgoing calls on all unlinked Subscriber Identification Modules (SIM) cards. The directive was announced in a joint statement signed by the Director of Public Affairs, Nigeria Communications Commission (NCC), Ikechukwu Adinde, and the Head of Corporate Communications, National Identity Management Commission (NIMC), Kayode Adegoke.