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Kaspersky Exposes Tricks Fraudsters Use to Lure Victims

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By Dipo Olowookere

Kaspersky Lab experts have discovered the distribution of an unusual fraudulent scheme that tricks users into parting with their time and their data, for no return. By creating fake websites for the free generation of gift cards, cybercriminals are able to “sell” users’ data to third party partner sites, to which they redirect victims.

While industry and law enforcement agencies from around the world are busy fighting against cybercrime, criminals themselves are constantly looking for new ways of earning money – other than just malware. Offering something valuable free of charge is always an enticing piece of marketing, and criminals can take advantage of this.

Websites that offer customers the option of freely generating gift cards for well-known companies – like iTunes, Google Play, Amazon, or Steam – are nothing new. For example, legitimate apps like Tokenfire and Swagbucks buy card codes from vendors, to then give them to clients as a reward for certain activities. Criminals have apparently recognised the popularity of such websites and have decided to deceive users using a simple algorithm.

When on the fake site, the user is asked to select the gift card he/she wants in order to receive the code. After that, the fraudulent mechanism is set in motion. To get the generated code, however, the user needs to prove that he/she is not a robot. To do this, the user has to follow the suggested link and complete various tasks, the number and type of which are determined by the partner network to which the user is redirected. For example, he/she may be asked to fill in a form, leave a phone number or email address, subscribe to a paid SMS-message, install adware, and so on.

The result is predictable: either victims get tired of doing endless tasks, or they finally get the useless code. The earnings for criminals range from a few cents per every click on a desired link, to several dozen dollars for filling in a form or subscribing to paid services. Thus, the criminals make a profit virtually for nothing, getting paid from the user’s actions on the websites of third-party partners, who, for their part, also benefit by getting access to personal data which can be used for private purposes.

“The success of these new fraud schemes is based on criminals exploiting the drive of users to get something for free. However, at best they will spend hours of personal time doing worthless tasks, and at worst – lose money without receiving anything in return. So, if you want to get your hands on a free gift card, try to earn it on legal and trustworthy sites,” said Lyubov Nikolenko, web content analyst, Kaspersky Lab.

To avoid falling for cybercriminals’ fraudulent schemes and losing personal data, Kaspersky Lab researchers suggest that users follow a few simple rules:

  • Remember that there is no such thing as a free lunch and always treat offers that seem too tempting to be true with skepticism.
  • Check the HTTPS connection and domain name when you open a webpage. This is especially important when you are using websites which contain sensitive data – such as sites for online banking, online shops, email, social media sites etc.
  • Never share your sensitive data, such as logins and passwords, bank card data etc., with a third party. Official companies will never ask for data like this via email.
  • Do not spread questionable links among your friends.
  • Check with the company if it really is giving out gift codes, and whether the site is its official partner. To do this, contact the official support service by reaching out on the official website of the company.
  • Use a reliable security solution with behavior-based anti-phishing technologies to detect and block spam and phishing attacks, such as Kaspersky Total Security, which blocks fake gift card sites.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

Technology

Africa’s Rise in Technology is Unstoppable—Sanwo-Olu

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By Modupe Gbadeyanka

The Governor of Lagos State, Mr Babajide Sanwo-Olu, has declared that Africa’s rise in technology is unstoppable, noting that his state will continue to play a prominent role in the ecosystem.

The Lagos Governor made this declaration at the GITEX Africa Digital Summit in Morocco, where the state government sponsored 25 startups in partnership with the Dubai World Trade Centre to demonstrate its commitment to fostering innovation and entrepreneurship.

GITEX Africa Morocco is Africa’s largest and most influential tech and startup event, renowned for showcasing technological advancements, innovations, and digital transformation.

The event provided a platform for Nigerian startups to pitch their ideas, connect with investors, and network with industry leaders on a global scale.

The small firms sponsored by the state government included Pocket Food, Access Tech, Printivo, Startup Lagos, Eko Institute of Technology, Kirgawa, Qore, Imperial EdTech, Bunce, Etaps, and Innovia Labs.

Mr Sanwo-Olu, who also attended the summit with the delegation, highlighted the remarkable growth of Africa’s tech start-up sector and emphasised that Nigerian tech start-ups surpassed the $4 billion mark in 2022, with Lagos playing a leading role in the continent’s digital transformation.

He said that from Nairobi to Cape Town and Rwanda to Morocco, the continent was emerging as a global tech hub, attracting local and international investments.

He then called for continued collaboration between the public and private sectors to harness Africa’s limitless potential.

GITEX Africa Morocco brings together the brightest minds, entrepreneurs, and investors worldwide to explore Africa’s rapidly advancing tech landscape.

With a focus on AI, Cybersecurity, Fintech, Cloud Computing, and Connectivity, the event offers invaluable insights and opportunities to shape inclusive digital societies and drive technological advancements across various sectors.

The Special Adviser to the Governor of Lagos, Tunbosun Alake; the Commissioner for Science and Technology, Mr Hakeem Fahm; and the Permanent Secretary in the Ministry of Science and Technology, Mrs Ibilola Kasunmu, were among the delegation.

The Lagos team and startups were also supported by the Eko Innovation Centre, an innovation hub focused on driving the growth of startups and promoting digital transformation in Nigeria.

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Stakeholders Anticipate Emurgo Africa’s State of Web 3.0 in Africa Report

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By Modupe Gbadeyanka

All is now set for unveiling the State of Web 3.0 in Africa report by a dynamic blockchain technology company, Emurgo Africa.

The study, the first on the continent, aims to fill a knowledge gap by examining the potential of these technologies to advance social and economic development in Africa.

It presents a detailed view of the current landscape and prospects of Web 3.0 technologies in the region, featuring real-world use cases, possibilities and obstacles connected with their adoption.

It was gathered that work explored various aspects of Web 3.0, such as decentralized finance (DeFi), blockchain technology, digital identity, smart contracts, and data privacy.

It also looked into the regulatory environment, infrastructure, and access to technology in the target nations, identifying areas for development that will facilitate the growth and adoption of Web 3.0 technologies.

The chief executive of Emurgo Africa, Mr Ahmed M. Amer, while commenting on the reports, which would be released on June 23, 2023, at a media conference in Nairobi, Kenya, said, “The future of Web 3.0 technologies in Africa is bright, with the potential to drive unprecedented social, financial and economic development across the continent.

“This report emphasizes the critical importance of collaboration between stakeholders, policymakers, and regulators in fully realizing the transformative power of Web 3.0 technologies in Africa.”

Expected at the unveiling are industry leaders, policymakers and the press, as well as key figures from prominent blockchain investors, developers and ecosystem players, including NODO, CVVC, GreenHouse Capital, PwC and Cardano.

Web 3.0 technologies are gradually becoming popular in Africa, and this report by Emurgo Africa will highlight the rapidly-evolving landscape, providing an in-depth analysis of their impact, opportunities, and challenges and offering recommendations for fostering growth and measurable impact.

The system can potentially bring transformative change to industries such as trade and industry, financial services and lending, supply chain management and logistics and healthcare provision and accessibility.

Factors such as regulatory clarity, infrastructure development, and collaboration between stakeholders will play a significant role in these technologies’ widespread use and successful implementation.

Key findings from the report include the immense opportunities for the African continent through the adoption of Web 3.0 technologies, a staggering 1,668 per cent increase in investment in blockchain technology in Africa between 2021 and 2022, and the crucial importance of collaboration between industry stakeholders, policymakers, and regulators in fostering an environment conducive to the growth of Web 3.0 technologies.

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Nigeria, Others Break Pledge Not to Impose Internet Restrictions

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By Adedapo Adesanya

A new study showed that Nigeria was among those that pledged to uphold free Internet according to a 2021 United Nations resolution but yet imposed restrictions.

The UN resolution on human rights on the internet aims to protect and promote human rights online, but some supporting countries have broken their word, according to a study by Cybersecurity company Surfshark, analysing UN countries’ stances in the 2021 UN Human Rights Council (HRC) Resolution on the promotion, protection, and enjoyment of human rights on the internet.

It was conducted by comparing countries’ stances with data from Surfshark’s Internet Shutdown Tracker, Surfshark was able to identify 5 African countries that claimed to support the resolution but “broke their word” by imposing internet restrictions.

On Nigeria’s end, it had one ongoing restriction at the time of the resolution’s adoption but has had no new restrictions since then.

Nigeria had banned Twitter a month before the adoption, and the restriction lasted until January 2022.

The federal government suspended Twitter on June 4, 2021, after it removed a post from President Muhammadu Buhari that threatened to punish regional secessionists.

The FG told the nation’s telecommunication companies to block access to users in Nigeria, leading users to fall to the use of Virtual Private Networks (VPNs). It was not until January 13, 2022, that the suspension was lifted.

Other African countries that supported the 2021 UN resolution but “broke their word” were Sudan, Burkina Faso, Mauritania, and Somalia.

The report noted that Sudan has “broken its word” the most in Africa, with nine internet disruptions that took place after the country supported the 2021 resolution, the first one happening amid the 2021 military coup.

Burkina Faso comes in second, with four restrictions since the resolution’s adoption in 2021. The country’s 2022 restriction on Facebook is still in place today. Mauritania and Somalia both had one internet restriction since supporting the resolution. Mauritania restricted mobile internet amid a prison riot, and Somalia had an internet blackout after the parliament voted to remove the prime minister.

Speaking on this, Gabriele Racaityte-Krasauske, Surfshark spokeswoman, said, “In today’s world, internet shutdowns have become a major concern. Authoritarian governments frequently employ them as a means to manipulate the public and stifle free speech. The UN resolution on human rights on the internet aims to make countries openly condemn these shutdowns and other ways of restricting online speech.”

“However, it’s concerning that even though 5 African countries publicly supported the resolution, they still imposed internet restrictions. It’s important to promote an open and accessible internet and pressure countries to uphold their commitments regarding human rights online,” she said.

Nine countries from other continents also “broke their word”: India, Cuba, Uzbekistan, Pakistan, Russia, Brazil, Armenia, Indonesia, and Ukraine.

Surfshark’s Internet Shutdown Tracker reveals that there were a total of 58 internet disruptions in these 14 countries during or after the adoption of the resolution.

India stands out as the country that has “broken its word” the most, with 19 internet disruptions since the resolution’s adoption in 2021, adding that if it included the Jammu and Kashmir region, this number would be even higher.

The Human Rights Council convenes at least three regular sessions annually. The upcoming 53rd session is scheduled for the summer of 2023.

“While the agenda of the specific resolution is currently unknown, Surfshark will keep an eye out for any updates regarding upcoming UN resolutions on human rights on the internet,” the firm noted.

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