Over 586,000 cyber attacks target Nigeria’s financial institutions in first half of the year

Cybervergent, a cybersecurity company, has released a half-year cyber threat report on Nigeria’s financial institutions and telecoms companies. The report revealed 586,130 attacks on organizations managed by the company, mostly external.

Cybervergent resolved 226,103 of the attacks by automation, while 19,920 endpoints were protected. The report also revealed that Cybervergent’s Security Operations Centre (SOC) analyzed 304,522 events, with 42,200 potentially malicious events within the same six-month period.

Chief Solutions Officer Gbolabo Awelewa emphasized the importance of regular application and system updates to prevent scale attacks. Threat actors targeted in the first half of the year included Gelsemium, Equation Group, Lyceum, Gamaredon, Circus Spider, Mirage, Common Raven, Bronze Highland, Earth Krahang, and Insider Threat Syndrome.

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