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    WorkPay raises $2.7million Pre-series A Funding to Expand its Services across Africa

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    Flutterwave adds Google Pay to its Payment Options for African Businesses

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    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

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    Flutterwave gets Switching and Processing licence from CBN

    Flutterwave gets Switching and Processing licence from CBN

    Google Expands its Digital Wallet to South Africa

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    FCCPC Orders Drawdown of Online Credit Companies

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    WorkPay raises $2.7million Pre-series A Funding to Expand its Services across Africa

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    Flutterwave debunks Alleged Reports of Hacked Accounts

    Flutterwave debunks Alleged Reports of Hacked Accounts

    WorkPay raises $2.7million Pre-series A Funding to Expand its Services across Africa

    WorkPay raises $2.7million Pre-series A Funding to Expand its Services across Africa

    Jumba raises $4.5 Million Pre-seed to Expand the supply of Construction materials in Kenya.

    Jumba raises $4.5 Million Pre-seed to Expand the supply of Construction materials in Kenya.

    Naked secures $17 Million Series B to Expand its Digital Insurance Company in Africa

    Naked secures $17 Million Series B to Expand its Digital Insurance Company in Africa

    PICTDA announces Resumption Date for Code Plateau Cohort

    PICTDA announces Resumption Date for Code Plateau Cohort

    Releaf secures $3.3 million Pre-series A funding to improve its Food Processing Technology

    Releaf secures $3.3 million Pre-series A funding to improve its Food Processing Technology

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    Nigeria’s Cash Swap Policy: Goals versus Results

    Nigeria’s Cash Swap Policy: Goals versus Results

    Six Things that could Shape the Northern Nigerian Tech Ecosystem in 2023

    Six Things that could Shape the Northern Nigerian Tech Ecosystem in 2023

    5 Exciting Things That Happened in the Nigerian Tech Ecosystem

    5 Exciting Things That Happened in the Nigerian Tech Ecosystem

    SmallSmall to Expand to Jos following a $3 Million Seed Raise

    SmallSmall to Expand to Jos following a $3 Million Seed Raise

    The Increase in Data Prices is a Big Challenge for Remote Workers in Nigeria

    How Tobiloba Olusola is making Electronic Health Records Accessible to Patients

    How Tobiloba Olusola is making Electronic Health Records Accessible to Patients

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    Binance now accepts Naira Deposits and Withdrawals

    Binance now accepts Naira Deposits and Withdrawals

    Cardano Accelerator Adaverse Invests in Afriguild’s Mission to Onboard Africans Into Web3

    Cardano Accelerator Adaverse Invests in Afriguild’s Mission to Onboard Africans Into Web3

    Is Africa Ready to Operate a Digital Monetary Policy?

    Is Africa Ready to Operate a Digital Monetary Policy?

    What Binance and TikTok Star, Khaby Lame’s Partnership mean for Crypto and Web3 Adoption

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    Bundle Launches Web App to Give Users More Accessibility to Crypto

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    CBN prohibits Foreign Banks from Offering Banking Services

    CBN prohibits Foreign Banks from Offering Banking Services

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    Flutterwave adds Google Pay to its Payment Options for African Businesses

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

    After Receiving Switching and Processing Licence from CBN, Flutterwave includes eNaira to its Payment Options

    Flutterwave gets Switching and Processing licence from CBN

    Flutterwave gets Switching and Processing licence from CBN

    Google Expands its Digital Wallet to South Africa

    Google Expands its Digital Wallet to South Africa

    FCCPC Orders Drawdown of Online Credit Companies

    FCCPC Orders Drawdown of Online Credit Companies

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    WorkPay raises $2.7million Pre-series A Funding to Expand its Services across Africa

    WorkPay raises $2.7million Pre-series A Funding to Expand its Services across Africa

    Naked secures $17 Million Series B to Expand its Digital Insurance Company in Africa

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    PressOne Africa raises $600,000 Pre-seed Funding to Support Entrepreneurs

    PressOne Africa raises $600,000 Pre-seed Funding to Support Entrepreneurs

    ThriveAgric selected West African Winners of the AYuTe Africa Challenge, receiving $1 million.

    ThriveAgric selected West African Winners of the AYuTe Africa Challenge, receiving $1 million.

    Yebo Fresh raises $4.5 million to Supply Fresh Food in South Africa

    Yebo Fresh raises $4.5 million to Supply Fresh Food in South Africa

    Sky.Garden survives Shutdown, gets New Owners

    Sky.Garden survives Shutdown, gets New Owners

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Home Featured

Understanding Cybersecurity and Social Engineering in Today’s Nigerian Society

by Mary John
September 5, 2022
in Featured
Reading Time: 6 mins read
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Understanding Cybersecurity and Social Engineering in Today’s Nigerian Society
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Did you know?

Between January and April 2022, the number of Trojan-Password Stealing Ware (PSW) discoveries in Nigeria doubled to 2,654 compared to the same period in 2021 when the number was 1,076.

Also, the Internet Crime Complaint Center (IC3) in 2020 reported that since its inception in 2000, it has received over 5.6 million complaints globally. From 2015-2020 alone, the total number of complaints was 2,211,396, costing victims about $13.3 billion in losses.

What this means:

As human interactions and activities continuously increase on the internet, so do cyber threats and attacks. Hackers keep discovering more and more sophisticated ways to perfect their skills.

In Nigeria, there have been several cases of phishing attacks, payment interface malware, ransomware and crypto jacking amongst other scams over the years. Millions of Naira have been lost and many individuals affected.

The Government’s response:

In a bid to curtail this growing evil, the Federal Government of Nigeria in May 2015 officially commissioned the Nigeria Computer Emergency Response Team [ngCERT] operations center in Abuja under the office of the National Security Adviser. Other offices include the Special Fraud Unit of the Nigerian Police, the Cybersecurity Department of NITDA.

These offices have been tasked with the responsibility of working hand in hand with the law enforcement agencies to develop cyber incident response plans; identify and classify cyber attack scenarios; determine the tools and technology used to detect and prevent attacks; promote cyber-security awareness; determine scope for investigations and conduct investigations within the scope after every attack.

Who can fall victim to cyberattacks?

On the most recent episode of The Hub, cybersecurity expert Ruth Ki, recounted some of her online experiences and the methods for tackling cyberattacks. She explained that online attacks and threats are not alien to anyone as both skilled and unskilled technology users can fall victim to them at any time.

“I don’t see the lack of knowledge or ignorance as what puts people on the losing end. I know people who despite being well-experienced in tech still fell victim to cyberattacks. This is because these attackers use social engineering methods. These methods are designed to make you believe that they are offering you help or something you do not have.”

How social engineering works:

Renowned psychologist and academic, Robert Cialdini asserts that the Six Universal Principles of Persuasion are what social engineering is based on; And because we are social and emotional beings, we tend to trust and interact with the things we like.

While these traits are acceptable and positive in some areas of life, they have become weaknesses and backdoors which cyber criminals manipulate to deceive people.

Factors facilitating the growth and success of cyber attacks in Nigeria:

• Poor accountability process: Ki believes that this is a major contributor to the prevailing trend of cyber attacks. She said, “there have been a lot of cyber attacks and security breaches but you don’t get to hear about them. Why? Because there is a very poor accountability process when it comes to understanding the rights and responsibilities in data protection.”

“The state needs a structure that gives people the right to act and implement. If there are cybersecurity laws and punishments attached to violations, people will adhere to such provisions.”

• Human error: An analysis of cyber attack and incident data from IBM’s worldwide security operations found that over 95% of all incidents investigated recognize human error as a contributing factor.

The report says that, “the most commonly recorded form of human errors include system misconfiguration, poor patch management, use of default usernames and passwords or easy-to-guess passwords, lost laptops or mobile devices, and disclosure of regulated information via use of an incorrect email address. The most prevalent contributing human error is “Double clicking” on an infected attachment or unsafe URL.”

• Limited availability and access to information and cybersecurity experts.

Your safety on the internet is your business:

“You do not wait for someone to tell you to stay safe before you do so. It is your responsibility as an internet user to ensure your own cybersafety in that space,” Ki said.

“Sometimes, it is very difficult to determine the genuineness of certain methods but what people need to know is you need to ask critical questions. It is important to ask about the safety of your data before you hand it out to any agency or individual. Anything that will require the use of your confidential data must be questioned before further engagement,” she emphasized.

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