Connect with us
nairametrics
UBA ads

Tech News

Be wary of webpages asking for access authorization – Cisco warns

Sadly, they are often not easy to identify, and even IT companies sometimes fall prey.

Published

on

Be wary of webpages asking for access authorization - Cisco warns

In the wake of increased activities of cyber criminals and phishers, Cisco has come up with a predictive intelligence report explaining why internet users should be careful when granting authorization online.

The predictive intelligence tips released by Cisco’s umbrella for IT companies and individuals are targeted at giving internet users the ability to identify and avoid cyber attacks, even before they are spotted by security companies.

UBA ADS

An example given in the white paper was a phishing attack in May 2017, which compromised over a million Gmail accounts in a short while. The attack started off with an email invitation from a known contact asking for collaboration on a Google doc.

READ MORE: Twitter confesses to illegally using users phone numbers and emails

GTBank 728 x 90

As soon as the user clicked the “Open in Docs” link, he would be directed to an OAuth page asking the target to authorize the app.

Of course, this is a fake app spoofing Google Docs, but as soon as authorization is given, it has access to all email exchanges and contacts email addresses of the target. It uses the email addresses to spread its tentacles by sending similar messages to them in the user’s name. At this stage, the phisher also has access to the email inbox and can monitor email exchanges of the victim.

“IT security has historically focused on identifying attack artifacts such as malicious payloads after an attack is fully launched — and then attempting to defend against those specifically identified attacks.

onebank728 x 90

“The first step in any type of attack, however, is to create attack infrastructure from which to launch that attack,” it says.

READ ALSO: Why Nigeria’s tech ecosystem shouldn’t be built exclusively with foreign capital

Just the way IT developers test a new service before launching it, attackers code a malicious payload, stage the server infrastructure on the internet, register domain names, and then test it on a few random targets. The success or otherwise will either send them back to the drawing board to re-strategise, or take them straight to the launch stage, where they mass-target.

app
GTBank 728 x 90

Another key thing is that they often reuse the attack infrastructure used in previous cyber attacks, due to the time and cost involved in setting up another.

Sadly, they are often not easy to identify, and even IT companies sometimes fall prey.

“One particular difficulty with present-day attacks is that there’s often nothing noticeably anomalous about the actual payloads moving between the attacker and the target. So attack infrastructure can’t always be quickly or accurately identified simply by tracing the origin of malicious payloads,” it reads.

devland

Patricia

Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career. As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via [email protected]

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Tech News

3 startups to get N3 million grant each in the COVID-19 virtual hackathon 

The hackathon hopes to identify accessible and cost-effective E-Learning solutions for public schools.

Published

on

3 startups to get N3 million grant each in the COVID-19 virtual hackathon 

The Nigerian Communications Commission has announced that 3 finalist startups will get a grant of N3 million each at the end of the COVID-19 virtual hackathon 

These three startups will be selected from submitted entries that meet all the criteria and provide adaptable digital solutions for addressing the present and future impacts of pandemic and epidemic diseases 

UBA ADS

The solutions must be novel, clearly explained, with proof of concept  

NCC announced this through a statement published on its Twitter handle.  

The grant, it said, will enable the three startups with the most promising digital solutions to produce a prototype within 2 months of receipt.  

GTBank 728 x 90

READ ALSO: Commissioner urges youths to explore World Bank’s $200 million grant 

According to the statement, submitted entries are expected to provide solutions in sectors such as health, digital communications, education, transportation.  

For those in health, the solutions should find a way to empower frontline healthcare workers or prevent, trace, and contain the spread in Nigeria.  

onebank728 x 90

Solutions in digital communications are expected to aid the sustenance of economic activities and people-to-people communication while encouraging social distancing without compromising productivity. 

Download the Nairametrics News App

The hackathon also hopes to identify accessible and cost-effective E-Learning solutions for public schools, as well as improved safety measures in public transportation in Nigeria.  

app
GTBank 728 x 90

Interested tech hubs, startups and innovative digital SMEs can still submit entries on or before July 17, 2020.  

Patricia
Continue Reading

Tech News

Hushpuppi extradited to the United States

Hushpuppi and Woodberry were arrested along with ten other African suspects in an operation tagged “Fox Hunt 2”.

Published

on

Hushpuppi extradited to the United States

Alleged Nigerian fraudsters, Raymond Igbalode Abbas (Hushpuppi) and Olalekan Jacon Ponle (Woodberry) have been extradited to the United States, according to a statement by the Dubai police.

In an announcement on Thursday afternoon, the Director of the Federal Bureau of Investigation (FBI), Christopher Wray praised the “exceptional effort exerted by the United Arab Emirates”, in fighting transnational organized cybercrime including the arrest of Hushpuppi and Woodberry taken down in the operation Fox Hunt 2.

UBA ADS

Director Wray also praised Dubai’s police for their cooperation in extraditing the “unwanted criminals”, who committed money-laundering and multiple cybercrimes to the United States”.

Hushpuppi and Woodberry were arrested along with ten other African suspects in the special operation “ Fox Hunt 2”.

READ MORE:  U.S. publishes names of 6 Nigerians charged with internet fraud against Americans

GTBank 728 x 90

The suspects are accused of committing crimes outside the UAE, including money-laundering, hacking, criminal impersonation, cyber fraud, banking fraud and identity theft.

The Dubai CID, Brigadier Jamal Salem Al Jallaf said incriminating documents were found of planned frauds worth a total of $435 Million.

Also seized in the arrest were $40.9 million in cash, 12 luxury cars valued at $6.8 million, 21 Computer Devices, 47 Smartphones, 15 memory sticks and five hard disks containing “119,580 fraud files as well as addresses of 1,926,400 victims.”

onebank728 x 90

 

 

app
GTBank 728 x 90

 

Patricia
Continue Reading

Tech News

Facebook bans racist ads, in response to ad boycotts by big brands

Nearly 100 brands resolved to pull their ads in support of the #StopHateForProfit movement.

Published

on

COVID 19: Facebook provides free Ads to help WHO combat Misinformation, Facebook to change Libra unveiling plans, Facebook launches new messaging app, 'Tuned', just for couples, Facebook bans racist ads, in response to ad boycotts by big brands

Facebook CEO, Mark Zuckerberg, has announced a change in the company’s policies to now prohibit hate speech and racist content in its advertisement.

Speaking over the weekend, Zuckerberg explained that the new policy will ban advertisements “that claim people from a specific race, ethnicity, nationality, caste, gender, sexual orientation or immigration origin are a threat to the physical safety or health of anyone else”

UBA ADS

Also, Facebook will do more to protect immigrants, migrants, refugees, and asylum-seekers from ads that suggest they are inferior to other groups of people or from ads that express contempt, dismissal or disgust directed at them.

In a Bloomberg interview, the CEO had noted that the company will ensure that Facebook remains a place where everyone can use their voice to discuss important issues, but that any attempt to incite violence, suppress voting, or discriminate a group of people, will be checked.

Why the policy change?

GTBank 728 x 90

This change in policy comes after a weeklong tussle with advertisers with nearly 100 brands resolving to pull their ads from Facebook for the month of July or longer, as part of the #StopHateForProfit movement.

READ MORE: Facebook takes on Zoom with its new video chat feature

The movement is being backed by organizations such as the Anti-Defamation League, the NAACP, Sleeping Giants, Color of Change, Free Press and Common Sense.

onebank728 x 90

Although Zuckerberg made no mention of these boycotts, it would appear that this is a move to pacify advertisers, and prevent competitor platforms like Pinterest, Amazon and —- from swooping in to take advantage of the situation.

That movement protests “Facebook’s repeated failure to meaningfully address the vast proliferation of hate on its platforms.”

app
GTBank 728 x 90

The brands boycotting the platform includes big spenders like Unilever, Coca-cola and Verizon, as well as some other smaller companies like Patagonia, REI, Lending Club and The North Face, according to a running list from Sleeping Giants.

It is not certain how much impact this would have on the company’s finances, given that Facebook has over 8 million advertisers on its platform, the bigger brands may soon influence more companies to join the movement.

The companies had explained during the week that Facebook was not the target of the movement but to drive home a message on the moderation of bigoted and prejudiced contents.

devland

There is yet no hint as to whether the brands are pleased with Facebook’s new move, but it is clear that if the boycotts continue, the brands will likely shift their ad spending to other companies.

app

While announcing its decision to stop ads on Facebook, Instagram and Twitter in the U.S. for the rest of the year, Luis Di Como, EVP of Global Media, said in a statement;

“We are actively engaging with all digital platforms to make meaningful change and impact trust and transparency,” the statement said. “We have made substantial progress, and we acknowledge the efforts of our partners, but there is much more to be done, especially in the areas of divisiveness and hate speech during this polarized election period in the U.S.”

He added that the company will explore other media options for its ads in the U.S. in a bid to discourage “divisiveness and hate speech during this polarized election period in the U.S.”

According to marketing analytics firm Pathmatics, Unilever has spent more than $11.8 million in the U.S. this year on Facebook ads alone .

Coca-Cola CEO and Chairman, James Quincey, said in his statement that the company was not joining the official boycott like other big brands, but was only pausing ads on all social media platforms globally for the month of July.

“We will take this time to reassess our advertising policies to determine whether revisions are needed. We also expect greater accountability and transparency from our social media partners” he said.

Patricia
Continue Reading