The financial and operational damage caused by data breaches is poised to worsen dramatically, fueled by advancements in quantum computing, Metaverse and artificial intelligence (AI). A global study conducted by post-quantum security pioneers Naoris Protocol reveals that the average cost of a data breach could climb to $5.3 million within five years, up from the […]
Read MoreSuccessful cyberattacks can have multiple impacts on a business, and the repercussions can be both far-reaching and long-lasting. Robust cybersecurity measures are therefore essential in mitigating these risks, including against Distributed Denial of Service (DDoS) attacks, which are designed to force a server, website or online service offline. As outlined by NETSCOUT, which provides visibility, […]
Read MoreEFCC Arrests Four Chinese, 101 Others for Suspected Internet Fraud in Abuja In its ongoing efforts to clean the nation of internet fraud and other acts of corruption, operatives of the Economic and Financial Crimes Commission, EFCC, have arrested four Chinese and 101 Nigerians in a business apartment in the Gudu axis of Abuja. They were […]
Read MoreAn internet fraudster expert, Chima Nkwocha, a.k.a “Young Billionaire has been jailed for two years for defrauding an American identified as Linda Wheeler of $345,000. A statement by the Economic and Financial Crimes Commission (EFCC), said Nkwocha was jailed after he was arraigned before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, on […]
Read MoreThe Nigeria Police Force National Cyber-crime Centre (NPF-NCCC) has been named the Best Cyber-crime Unit in Africa for 2024 by the INTERPOL Cyber-crime Directorate in Singapore, ranking first among 54 African countries. According to the NPF-NCC, the achievement demonstrates the Nigeria Police Force’s commitment to combating cyber-crime and improving citizens’ digital safety. It went on to say: […]
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Nigeria’s leading information and communications technology company, ipNX, has clinched two prestigious awards at the 10th edition of the Nigeria Technology Awards (NiTA), Lagos. The event, which brought together key stakeholders and leaders in the Nigerian ICT sector as well as other government MDAs, recognized ipNX as the “Most Reliable Fibre Internet Service Provider of […]
Read MoreThe Economic and Financial Crimes Commission (EFCC) has revealed a landmark arrest of a total number of 792 suspects for offences bordering on cryptocurrency investment fraud and romance scam. EFCC’s Director of Public Affairs, Wilson Uwujaren, who briefed journalists at the commission’s office in Lagos on Monday said the suspects were apprehended on Tuesday, December […]
Read MoreThe National Information Technology Development Agency (NITDA) has released a Whitepaper on the Framework for an Online Harms Protection Bill in Nigeria. This pivotal document was developed in collaboration with Advocacy for Policy and Innovation (API), an Africa-focused non-profit dedicated to advancing digital innovation and inclusive policy development. According to a statement from the Director, […]
Read MoreA dangerous malware, Grandoreiro is on rampage with a significant threat, using advanced techniques, including screen overlay attacks and remote device control, to steal sensitive information such as banking credentials and personal data. The National Information Technology Development Agency has alerted Nigerians about a banking malware, which targets users globally through sophisticated phishing campaigns. The […]
Read MoreAn estimated 5.5 billion people are online in 2024, an increase of 227 million individuals based on revised estimates for 2023, according to new figures from the International Telecommunication Union (ITU). The estimates featured in ITU’s Facts and Figures 2024 show that connectivity continues to increase worldwide but reveal the complexities of reaching communities in low-income countries. […]
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