Cybersecurity

Over 500 million users’ profiles of the popular American business and employment-oriented online service LinkedIn are currently on sale on a hacker site.

Kingsley Moghalu, former presidential candidate of the Young Progressives Party (YPP), says terrorists and kidnappers are now demanding ransom in cryptocurrency.

Facebook CEO Mark Zuckerberg was reportedly among those affected in a mass data leak that revealed users’ phone numbers.

Personal data from 533 million Facebook accounts has reportedly leaked online for free, according to security researcher Alon Gal. Insider said it verified several of the leaked records.

On February 5, the Central Bank of Nigeria (CBN) released a circular addressed to banks and other financial institutions with the directive that transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges were prohibited.

Visa Inc, an American multinational financial services corporation, announced on Monday that it will permit the use of the cryptocurrency USD Coin to settle transactions on its payment network, a move conceived to be the genesis of digital currencies acceptance by the mainstream financial industry.

Tesla began officially accepting bitcoin as currency to purchase electric autos, Chief Executive Elon Musk said Wednesday, further boosting the digital money.

Cloudflare’s new data loss prevention offering adds zero trust controls to the organization’s data, regardless of where that information is stored.

The United States Federal Bureau of Investigation (FBI) said 20 countries, including Nigeria lost $13.3 billion to internet crimes between 2016 and 2020.

The Internet Crime Complaint Center of the United States' Federal Bureau of Investigation (FBI) received 443 complaints of internet crimes from Nigeria in 2020, the 16th highest of any country across the world.

The White House’s task force looking into the recent hack of Microsoft’s Exchange met this week with representatives of the private sector, White House spokeswoman Jen Psaki said in a statement on Wednesday

National Information Technology Development Agency, NITDA, has ordered a data controller, Electronic Settlement Limited, to pay the sum of N5 million as fine for certain breaches on personal data entrusted to the company.

Dropbox is adding a new feature on top of its usual offerings of storage and file sharing for free Basic accounts. Dropbox Passwords, the password management feature the company introduced for paying customers in 2020, will be free for Dropbox Basic accounts in April — with a new, arbitrary limit of 50 passwords that makes it seem suspiciously like a way to upsell you on a paid Dropbox account.

Iranian officials are cracking down on the use of cryptocurrencies in the country again, with crypto exchanges becoming the latest target of official efforts to control the burgeoning industry.

With a 12 percent drop in Windows malware detections from 2019 to 2020, “malware infections affecting consumer devices fell by 11 percent from 103.5 million in 2019 to 92.3 million in 2020” while “business device infections decreased by 24 percent, from 22 million in 2019 to 16.7 million in 2020.”

The Nigeria Deposit Insurance Corporation (NDIC) has stated that it is in collaboration with sister agencies in law enforcement to curtail cybercrimes especially in the financial system.

Four online publications linked to Russian intelligence agencies have been spreading false or misleading information about coronavirus vaccines, The Wall Street Journal reported, citing an official at the US Department of State’s Global Engagement Center.

The Vice President Yemi Osinbajo has said that the country needs to regulate cryptocurrency, instead of the prohibition put in place by the Central Bank of Nigeria (CBN).

Mafia-type organisations, often based in eastern Europe, are likely to have been behind a recent wave of cyber attacks on French hospitals, rather than foreign powers, said the French minister for digital technology Cedric O on Thursday.

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Bank’s decision to prohibit deposit money banks, non-banking institutions, and other financial institutions from facilitating trading and dealings in cryptocurrency is in the best interest of Nigerian depositors and the country’s financial system.

Emefiele arrived at the National Assembly (NASS) on Tuesday to honour the request by the Senate Joint Committee on Banking Insurance and other financial institutions, (including ICT and cybercrime).

The Central Bank of Nigeria and the Nigerian Financial Intelligence Unit has reversed a $3 million fraud back to a country.