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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

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U.S. is No. 1 Source of Spam Emails, Down 11.4% in 2O15

According to the latest Kaspersky Lab Security Bulletin, the volume of spam emails in 2015 decreased to 55.28% of overall email traffic, a fall of 11.48% on the previous year. The significant slump in spam emails can be attributed to the increasing popularity of legal advertising platforms on social networks, coupon clipping service and etc.

Among other trends identified in the Kaspersky Lab spam report are the following. Over three quarters (79%) of all emails sent were less than 2kb, which shows a steady decrease in email size for spam campaigns over the past few years. Financial institutions such as banks, payment systems and online shops were attacked most often with phishing emails (34.33%, a rise of 5.59%).

In 2015, cybercriminals continued to send out fake emails from mobile devices and notifications from mobile apps containing malware or advertising messages. New tactics included fraudsters spreading malware in the form of .apk (Android executive files) and .jar (ZIP archives containing a programme in Java).

In addition, cybercriminals masked a mobile encryption Trojan behind a file containing updates for Flash Player. After launching, the malware encrypted images, documents and video files stored on the device with users receiving a message telling them to pay a fee in order to decrypt the files.

“The increased use of mobile devices in our everyday life to exchange messages and data, as well as access and control bank accounts, has also resulted in increased exploitation opportunities for cybercriminals. Mobile malware and fraudulent spam is becoming more popular and efforts to dupe victims are becoming more sophisticated year on year, with the emergence of apps that can be used by cybercriminals both directly (for sending out spam, including malicious spam) and indirectly (via phishing emails). Mobile device users therefore need to be on their guard and remain vigilant, as cybercriminal activities in this area are only likely to increase, along with our reliance on devices”, warns Daria Loseva, Spam Analysis Expert at Kaspersky Lab.

The US remained the biggest source of spam (15.2%), with second place taken by Russia (6.15%) and China making way for Vietnam in third spot (6.12%). Germany was the biggest victim with 19.06% of spam attacks – a 9.84% increase on 2014, followed by Brazil at 7.64% which posted a 4.09% increase and moved up from sixth place in 2014. Russia moved up to third place from eighth, an increase of 3.06% to 6.03% of all spam attacks in 2015.

Hot spam topics of the year:
“Nigerian” fraud used the Ukrainian political situation, the Syrian civil war, the election in Nigeria and the earthquake in Nepal to exploit the kindness and empathy of recipients with believable email content. These emails contained content calling for material support for a person in need.

Although the Olympic games in Brazil has yet to take place, fraudsters have already started to exploit the event, sending emails announcing false lottery wins and asking the recipient to fill in a form with their personal details.

In these attacks, emails with pdf attachments, pictures and other graphical elements were designed to fool the spam filters.

Hot this week

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NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

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NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

Editors Conference: Media Collaboration with Security Agencies Will Tackle Insecurity

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Fintech Will Drive Economic Growth in Nigeria, Lift Millions Out of Poverty-Experts 

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‘OPEC Still Has Important Role in Global Oil Market’

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Embracing Our Common Economic Future with Optimism

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Ecobank, AU MSME Academy for Africa Berths in Nigeria

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Combating e-Fraud on Telecom Platforms, Building Consumer Confidence in the Digital Economy

By Professor Umar Danbatta EVC/CEO, NCC Being text of the keynote...

Kenya’s mSurvey Mobile Solution to Launch in Nigeria

mSurvey, the mobile-first consumer experience platform, is expanding into...

COVID-19: Stanbic IBTC Outlines Strategies for Companies to Stay Afloat

  As businesses across the globe continue to adapt to...
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