NIGERIAN BANKS FACE 182% MORE WEEKLY ATTACKS THAN GLOBAL COUNTERPARTS. (PHOTO).

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 Nigerian banks face 182% more weekly attacks than global counterparts Nigerian banks and financial institutions are targeted by 182.01 percent more cyberattacks than their global counterparts, according to Check Point Software Technologies, a cyber security platform provider. The firm revealed this in its 2024 African Perspectives on Cyber Security Report, which was released on Thursday. It noted that the threat of cyberattacks has grown in Africa, especially in Nigeria, where 4,718 weekly attacks target the banking and financial sectors. This is 182.01 percent more than the weekly average of 1673 that their counterparts globally face. It said, “Nigeria’s finance sector is one of the most significant in Africa, making it a top target for cybercriminals.” It highlighted that the top threats include InfoStealer and Banking Trojans, as well as weak multi-factor authentication and outdated banking systems, which make the sector very vulnerable. Financial institutions in the country have b
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ANED,IS APPEALING TO ORGANISED LABOUR IN NIGERIA,NOT TO HOLD PROTEST TOMORROW OVER INCREASE IN ELECTRICITY TARIFF.

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                     According to sources,today sunday in Kano,the Association of Nigeria Electricity Distributors ANED,appealed to NLC to shelve its planned protest over electricity tariff increase,tomorrow monday.A statement issued by the Executive Director,Research and Advocacy of the association,Sunday Oduntan,urged the unions to support the power sector operators to improve electricity supply in the country.The statement urged Nigerians to support the Federal Government and the power sector operators to ensure the sustenance of the sector.It said that Nigeria was witnessing an all time high 5,075 megawatts of electricity for the first time in the history of the nation's power sector.''This is a demonstration that the sector has the capacity to meet the country's power needs.Power is a major requirement in the drive to grow the nation's economy and improve quality of life.We believe that this is only the beginning and that we can accomplish much more improvement in the sector,if all the stakeholders work together in partnership.ANED and its members are sensitive to customers anxiety over the recent increase in electricity tariffs.The increase will help to mitigate the negative cash flow and revenue shortfalls that have bedvilled the sector''.The Nigerian Electricity Regulatory Commission,NERC,had approved electricity tariffs increase by between N9.60 and N14.80,effective February 2,2016.The statement further said that,customers should know that the increase in tariffs was necessary for improvement of electricity infrastructure that had suffered decades of neglect.One more photo below.                                                                                                     

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