Nigerian banks and rising cyber threats Cyber criminal • SSA high profile financial institutions on frontline Cyber attacks targeted at the global banking system and high profile institutions are not imaginary, but real. The overall objective is to steal financial assets- cash or near-cash assets. Unfortunately, latest reports showed that the most dreaded group in the criminal trade, known as “Silence”, has positioned for the sub-Saharan Africa (SSA). So far, even great institutions, in recent times, have succumbed to the trickery of the law-defying elements. Of course, SSA, led by Nigeria, is the home of the big financial institutions in the continent. But they are not immune to the cyber threats. A cyber attack means the attempt to disable, destroy, expose, steal, alter or obtain unauthorized access to a computer system, infrastructure, network, including all other smart devices. Kaspersky security researchers said there are thousands of notifications of at...
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