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Sophos reveals more organisations in Africa threatened by Ransomware

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Sophos

Despite the innovations by different organizations to avoid the activities of cybercriminals, the Global leader in innovating and delivering next-generation cybersecurity as a service, Sophos, has revealed that ransomware remains one of the greatest cybercrime threats to organizations.

The firm disclosed the information in a recent Threat Report.

The report details how the cyber threat landscape has reached a new level of commercialization and convenience for would-be attackers, with nearly all barriers to entry for committing cybercrime removed through the expansion of cybercrime-as-a-service.

The report said: “Criminal underground marketplaces like Genesis have long made it possible to buy malware and malware deployment services “malware-as-a-service”, as well as to sell stolen credentials and other data in bulk. Over the last decade, with the increasing popularity of ransomware, an entire “ransomware-as-a-service” economy sprung up.

“Now, in 2022, this “as-a-service” model has expanded, and nearly every aspect of the cybercrime toolkit, from initial infection to ways to avoid detection, is available for purchase.

“With the expansion of the “as-a-service” economy, underground cybercriminal marketplaces are also becoming increasingly commodified and are operating like mainstream businesses. “Cybercrime sellers are not just advertising their services but are also listing job offers to recruit attackers with distinct skills.

“Some marketplaces now have dedicated help-wanted pages and recruiting staff, while job seekers are posting summaries of their skills and qualifications.

“As the cybercrime infrastructure has expanded, ransomware has remained highly popular and profitable.

“Over the past year, ransomware operators have worked on expanding their potential attack service by targeting platforms other than Windows while also adopting new languages like Rust and Go to avoid detection. Some groups, most notably Lockbit 3.0, have been diversifying their operations and creating more “innovative” ways to extort victims.

“The evolving economics of the underground has not only incentivized the growth of ransomware and the “as-a-service” industry, but also increased the demand for credential theft.

“With the expansion of web services, various types of credentials, especially cookies, can be used in numerous ways to gain a deeper foothold in networks. Credential theft also remains one of the easiest ways for novice criminals to gain access to underground marketplaces and begin their “career.”

The trends:

*The war in Ukraine had global repercussions for the cyber threat landscape. Immediately following the invasion, there was an explosion of financially motivated scams, while nationalism led to a shake-up of criminal alliances between Ukrainians and Russians, particularly among ransomware affiliates.

*Criminals continue to exploit legitimate executables and utilize “living off the land binaries” (LOLBins) to launch various types of attacks, including ransomware. In some cases, attackers deploy legitimate but vulnerable system drivers in “bring your own driver” attacks to attempt to shut down endpoint detection and response products to evade detection.

*Mobile devices are now at the center of new types of cybercrimes. Not only are attackers still using fake applications to deliver malware injectors, spyware, and banking-associated malware, but newer forms of cyber fraud have been growing in popularity.

Nigeria Breaking News

Nigeria’s constitution not working, paperwork for military – Bode George

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Bode George

A chieftain of the Peoples Democratic Party, PDP, Bode George, on Monday said Nigeria’s constitution is not working. George said Nigeria’s constitution is paperwork for the country’s military. Featuring on Arise Television’s Morning Show, the PDP chieftain said the current constitution gives room to politicians to share largesse in Abuja.George reiterated the call for restructuring Nigeria, stressing that it’s an antidote to secession agitation in Nigeria.

According to George: “The constitution we are running is not working, it’s more like paperwork for a military organization; why should everybody head to Abuja monthly to collect their largess; it’s not working, what does the president do with my local government or that in Sokoto? Nothing.

“Politics is local and we want to see that the restructuring everybody is talking about is the path we should take instead of taking arms and shooting people which is a modern-day Robin Hood.

Source: Naijanews

In other news – I dislike men who wear skirts – Davido

Nigerian Afrobeats star David Adeleke, aka Davido, has revealed the fashion trend that he dislikes. The DMW boss stated that he dislikes men who wear skirts.

 

Davido

He said he would never wear a skirt but may reconsider if he is offered half a million dollars.Davido disclosed this in a recent interview with American fashion content creator, Mysterious Fashioniest. Read more

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Nigeria Breaking News

EFCC vows to probe bank chiefs over COVID funds, World Bank loans

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EFCC

The Economic and Financial Crimes Commission, EFFC, said it has redoubled its investigation into the culpability of bank Chief Executive Officers, CEOs, in the mismanagement of COVID-19 funds and World Bank loans. This is contained in a statement by its spokesman, Dele Oyewale, on Sunday in Abuja.

The statement said that also under probe is the alleged mismanagement of recovered Abacha loot given to the Ministry of Humanitarian Affairs, Disaster Management and Social Development for disbursement to beneficiaries of the Federal Government support-for-the-poor programme. The EFCC also announced that it had recovered N32.7 billion and $445,000 so far from top officials of the ministry under its searchlight, adding that the abuse of naira has become a priority investigation of the agency.

Shedding light on the probe of malfeasance in the Humanitarian Affairs, Disaster Management and Social Development ministry, the agency said: “At the outset of investigations, past and suspended officials of the Humanitarian Ministry were invited by the commission and investigations into the alleged fraud involving them have yielded the recovery of N32.7billion and $445,000 so far.

“Discreet investigations by the EFCC have opened other fraudulent dealings involving Covid -19 funds, the World Bank loan, Abacha recovered loot released to the Ministry by the Federal Government to execute its poverty alleviation mandate.

Source: Dailypost

In other news – Singer Paul Okoye hints at remarrying

Popular singer and half of P-Square, Paul Okoye, aka Rudeboy, has hinted at remarrying. The ‘Reason With Me’ crooner dropped the hint while scolding fans for wishing his divorce from his ex-wife to be toxic.

Paul Okoye

He stated that he would not succumb to their wishes, urging them to accept the reality that he is with his new partner, Ivy Ifeoma.He went on to unveil hashtag options for himself and his partner, Ifeoma. Read more

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Nigeria Breaking News

I dislike men who wear skirts – Davido

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Davido

Nigerian Afrobeats star David Adeleke, aka Davido, has revealed the fashion trend that he dislikes. The DMW boss stated that he dislikes men who wear skirts.

He said he would never wear a skirt but may reconsider if he is offered half a million dollars.Davido disclosed this in a recent interview with American fashion content creator, Mysterious Fashioniest.

Davido

The interview asked, “What’s one fashion trend you dislike? He said, “Skirt; men that wears skirts. I will never wear the skirt. Except if I am offered half a million or a million dollars [laughs

Source: Dailypost

In other news – Junior Pope not buried by river bank – Police

The Anambra State Police Command says the remains of Nollywood star, John Paul Odonwodo, popularly called Junior Pope, were not among those buried by the bank of the Anam River. The Command’s spokesman, SP Ikenga Tochukwu, made the clarification on Sunday, stating that only three of the deceased families agreed that the victims be buried by the riverside.

John Paul Odonwodo

 

He noted that after the burial of the three, one of the families came back to exhume the remains of their daughter for a befitting burial in her country home.Ikenga added that the corpse of Junior Pope was deposited at a morgue. Read more

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