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Source: Kaspersky |

Financial phishing cyberattacks significantly increase in Kenya and Nigeria in Q2 of 2022

Complex cyberattacks should make fraud prevention a focal point to control fraud transactions, eventually reduce fraud risk in the future and avoid reputation damage

According to Kaspersky’s Financial Cyberthreats report (https://bit.ly/3BOaiey), attacks in the financial sector are becoming increasingly corporate-oriented and shifting away from consumers. Kaspersky (www.Kaspersky.co.za) Security Network data shows that the number of financial phishing attempts in the African regions increased significantly from Q1 to Q2 of 2022. Banks, payment systems, and e-commerce websites were…

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More than half of users in Nigeria faced phishing scams when using digital payments

98% think that banks and payment companies should educate users more about the threats online

According to the Kaspersky (www.Kaspersky.co.za) Digital Payment survey, 61% of respondents from Nigeria faced phishing scams when using online banking or mobile wallet services. 67% have personally encountered fake websites, and a staggering 82% experienced scams (via texts or calls) using social engineering. When asked about awareness of threats against…

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Source: Kaspersky |

29% of corporate users in Kenya experienced financial malware attacks in the first half of 2021

Simply put, organisations in Kenya have become susceptible to financial malware as more employees work outside the relative safety of the corporate network

Although Kaspersky’s (https://africa.Kaspersky.com) research shows that the overall number of financial malware attacks in Kenya has decreased in the first half of 2021, when compared to the same period in 2020, 29.3% of the 7 962 attacks recorded in the country targeted corporate users, which is a cause for concern,…

Source: Kaspersky |

With 1 billion registered mobile money accounts, Kaspersky stresses the importance of keeping your mobile wallet safe

By 2019 there were 481 million registered mobile money accounts in Africa, making up 46% of global accounts

With more than $1.9 billion processed daily and over one billion registered accounts globally, mobile money (https://bit.ly/3jQBn7F) is a massive industry. With strong growth coming from Africa, many analysts consider the region to be the epicentre of the global market. PayPal’s recent announcement that it will expand its Xoom money…

Source: Kaspersky |

Over a third of banking malware attacks in 2019 targeted corporate users

Banking Trojans or ‘bankers’ are one of the most widespread tools for cybercriminals as they focus on stealing money

In 2019, 773,943 users of Kaspersky (www.Kaspersky.co.za) solutions globally were attacked by banking Trojans. Of those users, a third (35.1%) were in the corporate sector. African countries were affected too: almost every hundredth user (varying from 0,9 to 1%) in South Africa, Ethiopia, Nigeria and Kenya was attacked by banking…

Source: Kaspersky |

Silence before the storm: Russian speaking hacking group is attacking banks in Sub-Saharan Africa

The malware used in the attacks indicates that the threat actors are most likely to be an infamous Silence hacking group

Kaspersky (www.Kaspersky.co.za) security researchers have reported on thousands of notifications of attacks on major banks located in the sub-Saharan Africa (SSA) region. The malware used in the attacks indicates that the threat actors are most likely to be an infamous Silence hacking group, previously known to be responsible for the…

Source: Kaspersky |

Growth in Fintech Drives Growth in Cyberattacks

Africa’s Fintech ecosystem has surged 60% in the last two years and the continent’s Fintech firms have grown to 491 from 301 in 2017, with $132.8 million raised in 2018

Africa’s Fintech sector is booming! According to reports (http://bit.ly/2kqyD6q), Africa’s Fintech ecosystem has surged 60% in the last two years and the continent’s Fintech firms have grown to 491 from 301 in 2017, with $132.8 million raised in 2018, making last year the sector’s best year yet - and proving…

Source: Kaspersky |

SIM swap fraud: A New Wave of Attacks Targeting Financial Services and online services in Africa

In South Africa this type of fraud more than double in the last year, according a report of South African Banking Risk Information Centre (SABRIC)

During Kaspersky Lab’s (www.Kaspersky.co.za) annual Cyber Security Weekend that took place in Cape Town, South Africa, Kaspersky Lab experts discussed the wide spread growth of mobile payments across the globe and the many cyber risks that surround such technology. Especially the recent SIM swap fraud wave, which have become very…

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Romantic Phishing is on the Rise – How Not to Lose Your Money While Losing Your Heart

Phishing is one of the most popular and easiest social engineering techniques to exploit online users

Kaspersky Lab (www.Kaspersky.com) experts have detected a sharp increase in phishing activities from criminals offering users various romantic goods on the eve of St. Valentine’s Day. The total number of user attempts to visit fraudulent websites with a romantic theme that were detected and blocked during the first half of…

Source: Kaspersky |

From geeky tech to popular payment method: Kaspersky Lab finds one-in-ten people now use cryptocurrency

However, cybercriminals are also embracing this trend by targeting cryptocurrency exchanges and modifying old threats to attack investors

Cryptocurrency, often associated with ‘geeks’ or those looking to raise cash quickly, has turned into a popular payment method. According to a recent report from Kaspersky Lab (https://bit.ly/2Spbz7T), one-in-ten people (13%) have now used it to make a purchase. However, cybercriminals are also embracing this trend by targeting cryptocurrency exchanges and modifying old…