Heritage Bank reportedly suffered an insider hack where the bank’s Head of IT made off with ₦49 billion ($83 million) in customer funds, a claim the bank refuted.

Another Nigerian bank, Globus Bank, revealed that it suffered a hack in 2022 in which hackers took advantage of a USSD glitch to withdraw over ₦1.75 billion ($2.9 million) in customer funds

This must be a warning to all Nigeria companies to start taking Cyber security seriously

Bloomsbury:
Heritage Bank reportedly suffered an insider hack where the bank’s Head of IT made off with ₦49 billion ($83 million) in customer funds, a claim the bank refuted.

Another Nigerian bank, Globus Bank, revealed that it suffered a hack in 2022 in which hackers took advantage of a USSD glitch to withdraw over ₦1.75 billion ($2.9 million) in customer funds

This must be a warning to all Nigeria companies to start taking Cyber security seriously

By the way, I was just thinking about something.

Do we have a Cyber security Startup in Nigeria?

Something like a private investigation or penetration testing Startup in Nigeria? 🤔

Bloomsbury:


By the way, I was just thinking about something.

Do we have a Cyber security Startup in Nigeria?

Something like a private investigation or penetration testing Startup in Nigeria? 🤔

This isn't about penetration test. It's an inside job, a product of operational risk as a result of failure of internal systems, people and control put in place. Access rights will have to be given to staffs, but to what extent and what can they do with the access rights....who monitors this access rights? What are the processes to obtaining the rights. Does 4 eye principle exists?....the controls simply failed.