The suspect, police said, was the kingpin of a syndicate that specialised in hacking into the servers of banks and corporate agencies.The SFU spokesman, Johnson, in a statement, said the suspect created fictitious credits totalling N1.87bn on the accounts of three of the bank’s customers.
The recent developments in the hack highlight the increasing threat of cybercrime and the need for companies to invest in robust security measures to protect themselves and their customers.A January 19 Forbes report stated that over 800,000 passwords and 50,000 individuals were targets of a Nigerian fraud operation cybercriminal gang, known as SilverTerrier.
Another suspect was found to be monitoring conversations between 16 companies and their clients to divert legitimate transactions just as they were about to be made, Interpol said. “His recent arrest marks one of the first known instances of a Nigerian actor being arrested twice for BEC,” it added.In November 2022, a gang of hackers known as OPERA1ER, stole at least $11m from companies in Nigeria, Benin, Cameroon, 11 other African countries, and Argentina.
This is coming after the United States said it secretly removed malware from computer networks around the world in its bid to pre-empt Russian cyberattacks. The firm stated that the two sectors accounted for 44 per cent of incidents in 2022, which was four percentage points lower than the 48 per cent recorded in 2021.
“To safeguard against these threats, companies must remain vigilant and focus on effective incident response planning. As the security landscape evolves, it is crucial to prioritise threat intelligence and strengthen defences.” Bug hunters and penetration testers are cybersecurity professionals that test for loopholes that hackers can exploit in websites or apps of reputable organisations and report them with insights on how to fix them and prevent any intrusion or abuse before it becomes public knowledge.
In the University of Uyo, Akwa Ibom, in 2014, there was pandemonium when some students claimed to have a copy of the General Studies exam question before the exam time. The Act encourages cybersecurity and protection of computer systems and networks, electronic communications, data and computer programmes, intellectual property, and privacy rights, as well as the protection of important national information infrastructure.
“When an individual hacks into a government or military-run website, the offence becomes terrorism,” the report added. According to him, some of the tertiary institutions in the country, last year, experienced denial of service and man-in-the-middle attacks, among others. “In cybersecurity, the major concern is that these websites must guarantee legitimate access and legitimate use of resources. The truth is that these cybercriminals will continue to develop their threats to whatever barrier we put in place but we must continue to update our systems as we go on to counter the attacks if they come,” he noted.
If anything do my 100 we go meet for court in future after I don hammer
But our Yahoo boys dey break into countries with high cyber security 😂 This country sha