Nigerian Businesses Face Growing Ransomware-as-a-Service Trade

The CSEAN National Cyber Threat Forecast 2024 warns of a rising ransomware and malware threat in Nigeria driven by Ransomware-as-a-Service, exploitation of unpatched systems (including a reported Mallox exploit of a Microsoft vulnerability), and AI-enabled phishing; multiple malware families and info-stealers affected public and private organizations in 2023, and the report recommends prompt patching, avoiding unauthorized software, and stronger monitoring to mitigate the anticipated surge.