ADVERTISEMENT
Sunday, June 7, 2026
Tech | Business | Economy
No Result
View All Result
  • Technology
    • Trends
    • Telecoms
      • Broadband
    • ConsumerTech
      • Gadgets and Appliances
      • Apps
      • Accessories
      • Reviews
      • Unboxing
    • EnterpriseTECH
    • Security & Data Protection
    • How To
  • Business
    • Company News
    • StartUPs
      • Founder’s Story
      • Funding
    • Deals
    • People & Moves
    • SME & Entrepreneur Focus
    • BUSINESS SENSE FOR SMEs
    • Competition & Market Positioning
    • Commerce & Mobility
    • Travel
    • WomenPreneurs
  • Economy
    • Macroeconomic Trends
      • Macro Monday
      • TE Insights
    • Finance
      • Banks
      • Fintech
      • Insurance
      • Digital Assets
      • Personal Finance
    • Policies
      • Tech & Society
    • Market Analysis
    • Jobs & Workforce Economy
  • Features
    • Guest Writer
      • Chidiverse
      • Digital Assets
      • GameTech
    • EventDIARY
    • IndustryINFLUENCERS
    • MarkTECH
    • TBS
    • NewsEXTRA
  • Editorial
  • Brand Content
  • TECHECONOMY TV
Sunday, June 7, 2026
Tech | Business | Economy
No Result
View All Result
Tech | Business | Economy
No Result
View All Result

Home » Nigeria’s IT, Telecom Services at High Risk Amid Surge in Ransomware Attacks, Warns ngCERT

Nigeria’s IT, Telecom Services at High Risk Amid Surge in Ransomware Attacks, Warns ngCERT

Joan Aimuengheuwa by Joan Aimuengheuwa
July 10, 2024
in Security & Data Protection
Reading Time: 3 mins read
1
Nigeria’s IT and Telecom Services at High Risk Amid Surge in Ransomware Attacks, Warns ngCERT

Source: Pixabay

The Nigeria Computer Emergency Response Team (ngCERT) has issued an urgent advisory highlighting an increase in ransomware attacks targeting the nation’s critical cloud infrastructure. 

The advisory warns of the high probability and severe damage potential of these attacks, particularly those orchestrated by the Phobos ransomware group.

According to ngCERT, the most at-risk entities include providers of information technology and telecommunication services. These sectors are particularly vulnerable as they often manage cloud services for critical government agencies, financial institutions, telecommunications, education, healthcare services, and NGOs in Nigeria. 

“ngCERT has detected an increase in ransomware attacks by the Phobos ransomware group, specifically targeting critical cloud service providers within our national cyberspace. We are actively collaborating with vulnerable and affected organisations to swiftly resolve these incidents and prevent further escalation. 

“The most at-risk entities include providers of information technology and telecommunication services, such as managed cloud services, whose clients include critical government agencies, financial institutions, telecommunications, education, healthcare, service providers, and NGOs in Nigeria.”

Subscribe to our Telegram channel for the latest updates.

Follow the latest developments with instant alerts on breaking news, top stories, and trending headlines.

Join Channel

The advisory emphasises the need for these organisations to proactively implement mitigation strategies to prevent the spread of malware.

Recent intelligence has revealed a surge in ransomware activities aimed at cloud service providers key to Nigeria’s cyberspace. The Phobos group has been particularly aggressive, targeting entities that include government agencies, financial institutions, healthcare services, and NGOs. 

These attackers exploit vulnerabilities in these systems to gain unauthorised access, encrypt data, and demand ransoms. 

Phobos ransomware operatives typically infiltrate networks using phishing campaigns and IP scanning tools to find susceptible Remote Desktop Protocol (RDP) ports. They exploit these vulnerabilities to execute hidden payloads and gain control over systems. 

Upon accessing an exposed RDP service, they use brute force tools to escalate privileges and deploy additional malware. Key tools in their arsenal include lsass.exe and cmd.exe for command execution and tools like Smokeloader for payload delivery.

Indicators of compromise associated with these attacks include emails from finamtox@zohomail.eu, potentially related to the Phobos ransomware group. The file format often used is filename.id[xxxxxxx-xxxx].email.xshell.

Organisations affected by Phobos ransomware may experience a range of serious consequences. These include system compromises and data breaches, ransom payments to restore access, data encryption leading to operational lockouts, financial losses, Denial of Service (DoS) attacks, and fraudulent activities using compromised systems.

ngCERT recommends several measures to combat these threats. Organisations should secure RDP ports and prioritise the remediation of known vulnerabilities. Implementing Endpoint Detection and Response (EDR) solutions to disrupt malicious activities is also important. 

Again, disabling unnecessary command-line and scripting activities can prevent unauthorised access. Segmenting networks to prevent the spread of ransomware and regularly updating and enabling real-time antivirus detection are also advised. 

Conducting audits of user accounts and administrative privileges helps maintain a secure environment. Maintaining multiple, secure backups of vital data and disabling hyperlinks in received emails to prevent phishing attacks are essential preventive measures.

Organisations are urged to adopt these mitigation strategies to protect their systems from the escalating ransomware threat. Regular updates, vigilant monitoring, and robust security protocols are essential to safeguard against these sophisticated cyber-attacks.

0Shares
Previous Post

N351b Rights issue in the interest of shareholders- Access Holdings

Next Post

4000 Businesses Now Connected on Ecobank Single Market Trade Hub

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

Nigeria social media age restrictions

Nigeria Weighs Social Media Age Ban as 93% Voice Extreme Concern Over Child Online Safety

June 5, 2026
ESET Nigeria cybersecurity training Lagos government

ESET Nigeria Empowers Lagos Government Personnel to Fight AI-Driven Cyber Risks

June 4, 2026

Kaspersky: Credential Abuse Techniques Rank as Attackers’ Most Effective Tactic

June 4, 2026
Load More
Next Post
Ecobank Single Market Trade Hub

4000 Businesses Now Connected on Ecobank Single Market Trade Hub

Comments 1

  1. Pingback: Apple Warns iPhone Users of Increasing Mercenary Spyware Attacks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

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

Techeconomy Podcast
Techeconomy Podcast

The Techeconomy Podcast is a thought-leadership show exploring the powerful intersection of technology, business, and the economy, with a strong focus on Africa’s fast-evolving digital landscape.

Financing the Future: Venture Debt, Local Capital & African Innovation | TBS May 2026 Webinar
byTecheconomy

Africa’s innovation ecosystem is evolving, but where will the funding for the next generation of startups come from?

In this edition of the Techeconomy Business Series (TBS) May 2026, industry experts explore how local capital, venture debt, and smarter investment structures are redefining startup growth and innovation across Africa.

🎙️ Featured Speakers:

* Ebunoluwa Ashley-Dejo

* Damilare Davola

* Success Ajilore (STN & Accelerated Plus)

Key conversations in this webinar include:

✔️ The future of startup financing in Africa

✔️ Venture debt and alternative funding models

✔️ The role of local investors in scaling innovation

✔️ Sustainable investment strategies for African startups

✔️ Opportunities and challenges in the African tech ecosystem

Subscribe for more conversations shaping Africa’s digital economy and innovation landscape.

#TBS2026 #AfricanInnovation #VentureDebt #StartupFinance #TechInAfrica #Techeconomy #AfricanStartups #InnovationEconomy

Financing the Future: Venture Debt, Local Capital & African Innovation | TBS May 2026 Webinar
Financing the Future: Venture Debt, Local Capital & African Innovation | TBS May 2026 Webinar
May 27, 2026
Techeconomy
PROTECTING INNOVATION IN AFRICA’S STARTUP ECOSYSTEM
April 29, 2026
Techeconomy
BUILDING TRUST IN AFRICA ECOSYSTEM
February 27, 2026
Techeconomy
Navigating a Career in Tech Sales
January 29, 2026
Techeconomy
How Technology is Transforming Education, Health, and Business
November 27, 2025
Techeconomy
Search Results placeholder
MTN Live It 100 Thematic Campaign
ADVERTISEMENT
  • About Us
  • Careers
  • Contact Us
  • Privacy Policy

© 2026 TECHECONOMY.

No Result
View All Result
  • Technology
  • Business
  • Economy
  • Features
  • Editorial
  • Brand Content
  • TECHECONOMY TV

© 2026 TECHECONOMY.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.