A New York technology entrepreneur was sentenced to five years in prison on Thursday after pleading guilty last year to laundering funds stolen from Bitfinex one of the world’s largest cryptocurrency exchanges, with the help of his wife. Ilya Lichtenstein, 35, hacked into Bitfinex’s network in 2016, using advanced hacking
Cyber Security
Goods worth millions of naira were lost as a fire ravaged a market in the Ajah area of Lagos, according to a statement from the Lagos State Emergency Management Agency (LASEMA) on Monday. Dr. Olufemi Oke-Osanyintolu, LASEMA’s Permanent Secretary, confirmed that the fire broke out late Sunday night at Ajah
The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyode, has raised concerns over the growing threat of cybercrime, warning that global losses could reach a staggering $10.5 trillion by 2025, with an estimated 2,328 cases reported daily. Speaking at the National Summit on Cybercrime in Abuja,
The Danish government has relaunched the National Cyber Security Council (NCSC) as part of its mission to strengthen the country’s digital security across all critical sectors of the economy and society. The NCSC’s enhanced mandate is aimed at improving its role as a key adviser to the government on technological
African businesses have been advised to meet the European Union’s (EU) heightened cybersecurity standards following the introduction of the Network and Information Security (NIS2) Directive. The directive, which came into effect this month, requires EU member states to update their national laws, imposing stricter cybersecurity regulations. The NIS2 Directive builds
Meta, the parent company of Facebook, Instagram, and WhatsApp, has taken action against 1,600 Facebook groups linked to ‘Yahoo Boys’—online scammers known for internet fraud. The term “Yahoo Boys” emerged from the widespread use of Yahoo email for scams in Nigeria during the 2000s. These fraudsters are infamous for orchestrating