NIGERIAN BANKS FACE 182% MORE WEEKLY ATTACKS THAN GLOBAL COUNTERPARTS. (PHOTO).
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that the top threats include InfoStealer and Banking Trojans, as well as weak multi-factor authentication and outdated banking systems, which make the sector very vulnerable.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
The Economic and Financial Crimes Commission,EFCC today tueday March 21,2017,arraigned one Oluwafunmilayo Samuel Adenmosu alongside his company,H.T. Real Estate Limited,before Justice J.O. Oyefeso of the Lagos State High Court sitting in Ikeja on an 18-count charge bordering on obtaining money by false pretence and issuance of dud cheque to the tune of N108,744,080.00 {One Hundred and Eighty Million,Seven Hundred and Forty-four Thousand Eigthy Naira}.The accused,a lawyer,had,sometime in 2008,allegedly approached the complainant,Mathew Dickson Aiyeola,Managing Director,Golden Treasure Investment Limited,claiming that his company was registered to deal in banking and foreign exchange business.The complainant alleged that bank drafts totalling N108,744,080.00 were issued in favour of H.T. Real Estate Limited,at different times,for the purchase of $921,560.00 on the agreed rate with the accused,who also claimed to be a director in a new generation bank.The complainant further alleged that the accused,after much pressure,issued a cheque for N6,000,000.00,which was not honoured upon presentation due to insufficient amount in his account.Efforts by the complainant to get a refund were unsuccessful.The accused pleaded not guilty when the charges were read to him.In view of his plea,the prosecution counsel,Samuel Daji,asked the court for a trail date and prayed that the defendant be remanded in prison custody.However,counsel to the defendant,O.A. Fashuba,pleaded with the court to gran the accused bail on self-recognizance.After listening to both counsels,Justice Oyefeso ordered the accused to be remanded in Ikoyi prison.The case was adjourned to March 24,2017 for the counsel to the accused to file necessary applications and April 7 and 10,2017 for the commencement of trial.One more photo below.
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