Russian Fraudsters Target Nigerian Banks
By Iwedi Ojinmah 6 days ago
A cartel of notorious Russian hackers is attempting to hack their way into banks in the country.
This as per Kaspersky Lab (below), a multinational cybersecurity firm, which revealed in its recent findings, that these attacks started last month.
The ongoing threat is reported to be in its final stage of operation after which it will cash out fundsRelated: Planned Attack On National Assembly Unearthed, Senate President Ahmad Lawan Raises The Alarm
Kaspersky has fingered the notorious Silence Group, an undercover team of hackers with intentions to cart away huge sums of money as the culprits.
The Silence Group is not a new criminal entity in Africa.
They have been in the hacking neighbourhood long enough to develop some of the most efficient tactics there are.
On the back of being one of the most active Advanced Persistent Threat (APT) actors around the world, they have been able to successfully orchestrate a number of bank-focused campaigns.
In terms of size, Africa’s current banking market is approximately USD 86 Bn in revenues before risk cost. The projected growth for the continent’s banking-revenue pools of 8.5 per cent a year between 2017 and 2022 will bring the total USD 129 Bn.
Sergey Golovanov (below), a security researcher at Kaspersky, declined to disclose the name of the banks that are being targeted for obvious reasons.
But Sergey did tell WeeTracker any malicious attack could end up being very costly to these banks.
“In some cases, the score sometimes reaches millions of dollars,” he shared.
The banks in question have been notified but customers throughout the country are warned to be extremely vigilant and report anything suspicious to the appropriate authorities.