CyberPlural, a leading force in managed cybersecurity service provisioning, has raised alarm over concerning trends in the digital landscape of Nigeria’s public and private sectors in its newly released Annual CyberSecurity Report for 2023.
The report reveals that notorious ransomware groups, including ALPHV and Mallox, have specifically targeted key players in Nigeria’s telecommunications, insurance, construction, betting sectors, and federal agencies. This underscores the urgent need for enhanced data protection measures across various industries.
Additionally, the report sheds light on the growing threat of info stealer malware impacting organizations in Nigeria, emphasizing the importance of cybersecurity awareness and the implementation of strong protective measures.
Phishing Threats Exploiting Government Initiatives:
Users in Nigeria, Ghana, and Kenya are increasingly falling victim to phishing threats that leverage government initiatives and schemes. CyberPlural advises caution and emphasizes the need for source verification to protect against the compromise of Personally Identifiable Information (PII).
Security Risks in Fintech and Utility Apps:
The report addresses security risks in fintech and utility apps, calling for thorough testing, secure coding practices, and ongoing security assessments to ensure the resilience of these crucial applications.
Insights into 2024:
Looking ahead, the report projects the development of cryptocurrency-related platforms, the persistence of data collection activities, an increase in network-wide ransomware incidents, advancements in the data protection and privacy landscape, and the use of AI by cyber threat actors and defenders.
According to Hamzat Lateef, Founder and Lead, Security Operations and Engineering at CyberPlural-MSSP, it has been emphasized that businesses need to focus on deliberate investment in operational capabilities to protect business data.
“The 2023 annual report has revealed a growing interest from various ransomware groups in organizations that utilize technology in Nigeria’s cyberspace.
“As an MSSP, we are committed to providing the necessary technical capabilities that businesses require today to safeguard their data effectively. This will enable businesses to leverage these capabilities and more, on the fly for enhanced protection against cyber threats.” He said.
Read the Full Report:
For an in-depth understanding of the CyberPlural CyberSecurity Report 2023 and to stay ahead of emerging cyber threats, click here to access the full report.
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