Understanding Tax-Related Identity Theft and Refund Fraud
Cyberattacks certainly didn’t give anyone a reprieve in the previous year. Data breaches, network infiltrations, bulk data theft and sale, identity theft, and ransomware outbreaks all occurred in 2020 and the underground market shows no indications of halting. One of the many frauds that occurred was the Pandemic Unemployment Assistance (PUA) fraud whereby fraudsters went...
WhatsApp Misuse: How Cyber Fraudsters Are Increasingly Exploiting WhatsApp Users through Social Engineering Technique
I’ve got a long-standing history with Nigerian scammers, not that have I have fallen prey to any of their devious social engineering schemes, but for some strange reasons, lots of people around me have. Recent activities in the Nigerian cyber threat landscape indicate that Internet fraudsters who are otherwise known as “yahoo boys” have...
Finding Your Feet in Cyber Security: Part 1
My Motivation Rewind three years, I was fresh out of the university, undecided on what do with my bachelor’s degree and knew next to nothing about Cyber Security. Truth is, like the average Nigerian graduate, my knowledge was limited to what I had learned in the classroom. In school, I was only ever interested in...
On the CBN’s ‘Naira 4 Dollar Scheme’
In an effort to sustain the encouraging increase in inflow of diaspora remittances into the country, the Central Bank of Nigeria on 5th of March 2021 announced the introduction of the “CBN Naira 4 Dollar Scheme”. According to the CBN, the Circulars to this effect was issued in an effort to liberalize, simplify and improve...
