Nigeria’s financial sector has seen an exponential increase in cyberattacks due to the rapid adoption of financial technology (FinTech). Fraudulent activities have caused huge losses in the banking sector; fraud reached N273 billion in 2022. Cyberattacks have targeted mobile money accounts, bank customers, and FinTech companies. Many Nigerian financial institutions lack cybersecurity awareness and use outdated IT infrastructure, making them vulnerable to attacks. There are calls for robust cybersecurity measures, improved data protection practices, and a more comprehensive regulatory framework.
North Korea, Iran, Russia-Backed Hackers Deploy ClickFix in New Attacks
Government-backed hackers from North Korea, Iran, and Russia are increasingly utilising the ClickFix method in their cyber espionage campaigns, according to cybersecurity provider, Proofpoint. The
