CBN Backs Cybersafe Foundation, CCISONFI As Cybersecurity Awareness Campaign Gains Steam

… Launches NoGoFallMaga Campaign

Following the increase in digital and cyber activities, especially in the financial sector, it is expected that activities of cybercriminal will also increase as technologies evolve. To this end, the Central Bank of Nigeria (CBN) has backed the partnership between Cybersafe Foundation and the Committee of Chief Information Security Officers of the Nigeria Financial Industry (CCISONFI) to put structures in place in a bid to create awareness of cybersecurity among Nigerians.

Speaking at a Media Parley to flag off the campaign, Executive Director of Cybersafe Foundation, Confidence Staveley acknowledged the changing tide in cybercrime and the need for awareness: “With Social engineering being the method of choice by cybercriminals to perpetuate electronic fraud in the country, efforts to educate customers of financial institutions on cyber hygiene best practices, especially the most vulnerable, must be stepped up.”

She noted that the launch of the new campaign, NoGoFallMaga, in partnership with CCISONFI will enable them join forces to reach the 40million Nigerians who currently access financial services across the country, raising mass cybersecurity awareness and consequently reducing the success rate of cyberfraud attacks against customers.

In his speech at the launch, Director of Banking Supervision at the CBN, Haruna Mustafa noted that cyberattacks are major threat to financial system stability, not only through their impact on one institution, but also through their impact on multiple components of the financial system.

According to him: “The development of robust mechanisms to ensure that financial institutions have in place the necessary safeguards to protect against loss of data, fraud and cyber incursions in their respective systems was part of the Governor of Central Bank’s 5-year  policy thrust 2019-2024.

Mustafa, who was represented by the Deputy Director, Banking Supervision, Adedeji Adetona Sikiru, disclosed that the CBN has taken some measures to improve cyber-resilience of supervised institutions including the issuance of the CBN Risk-Based Cybersecurity Framework and Guidelines for Deposit Money Banks in 2018, but that the campaign to also reach customers will help achieve the aim of curbing cyberfraud.

“Despite the significant investment by the CBN, banks, Fintechs and other industry players to thwart the success rate of cyber-attacks, the human element remain a weak link. Cybersecurity awareness is a key in mitigating cyber-risk, and the CBN is ready to partner with industry stakeholders to sustain efforts at educating staff and customers on fraud information and cybersecurity hygiene practices.”

In his response, CCISONFI Chairman, Abumere Igboa explained, “This initiative looks at tackling cybercrime that poses a threat to customers & the Nigeria citizenry in conducting reliable and safe financial services. As Chief Information Security Officers, we have also witnessed an increased adoption of digital/technology platforms post the Covid-19 pandemic crisis by our different financial institutions for delivering innovative financial solutions, expanding its operations, and being able to reach both existing and potential customers.

He said the campaign will help in “successful achievement of our target objectives which include reaching more than 40million customers in the first two years of its launch and finally delivering awareness contents and messages in major Nigerian languages including pidgin English.”

Staveley called on the media to play a proactive role in the campaign. “Talking about the media, your importance in shaping society cannot be over emphasized, we acknowledge this huge role you play and that is why a meeting with you is the first activity on our agenda. Simply put, we need you. We need you to come with us on this journey and work closely with us in fighting the monster called Cyberfraud. Just like you helped the Health sector fight ebola and you are currently helping with fighting misinformation around COVID, we need you to work passionately with us to fight this problem that is threatening digital innovation around financial services.”

CyberSafe Foundation is Nigeria’s foremost non-Governmental organization in the information security domain, on a mission to facilitate pockets of changes human capacity and behavioural changes that ensure inclusive and safe digital access in Nigeria. the Foundation’s Flagship initiative #NoGoFallMaga, also adopted as the name for this cross-financial industry cyber awareness campaign, is a national movement of young people, working to combat preventable digital fraud with consumer-centred sensitization and education. Digital fraud in this context includes, email deception, phone-based scams, online fraud – particularly where cybercriminals impersonate trusted organizations. We leverage fun experiences and content, to catalyse the decline of cyber-related fraud, one trickle of knowledge at a time.

Facebook Partners Cybersafe Foundation to provide online safety tips for parents.

Facebook, in collaboration with Cybersafe Foundation, a leading non-governmental organization in the information security ecosystem in Nigeria, recently hosted a parents roundtable event designed to gather insights on the kind of safety tips parents need; determine how they would like to receive these tips and equip them with digital skills needed to navigate the digital world.

The virtual event focused on teaching parents how to use and access some of the basic safety tools and features available on the Facebook platform to help keep children safe online.

According to Facebook, providing parents with these basic digital literacy skills while on their parenting journey is an important step in helping the next generation of leaders to better understand and utilise the power of digital tools to take full advantage of what the internet has to offer.

“Facebook is committed to the safety of users on our platforms and especially that of young users. We have developed partnerships, policies, tools, programmes and resources that are aimed at keeping our users safe online,” Sylvia Musalagani, Safety Policy Manager, Africa, Middle East and Turkey said while speaking at the event.” By teaching parents how to use and access some of the basic safety tools and features on our platform, we are taking necessary steps in ensuring that the next generation are equipped with the online safety training they need to have better online experiences in the future,” Musalagani added.

While speaking on the partnership with Facebook, Cybersafe Foundation, Confidence Staveley, said “This roundtable presented a perfect opportunity for parents to provide feedback directly to Facebook on its current child online safety resources and desired additions or improvements that they’d like to see. We are pleased that the main sessions and breakout rooms made for very conversations and parents in attendance shared their opinions freely”, Staveley added. 

In recent years, Facebook has trained thousands of people on digital literacy skills. In 2021, Facebook is preparing to train over 20,000 participants across Africa on safe, responsible and beneficial usage of the digital platforms.

Facebook is committed to the well-being of individuals and communities visiting its platforms and has invested in initiatives designed to build awareness on responsible online behaviour, critical thinking and understanding of social issues. 

FREE MOVIES ARE MY FAVOURITE – CYBERSAFE x SISINERD

Always remember, you can never get “something for nothing.” The only people that provide a free service are foundations and not-for-profit organizations. As such, when it comes to downloading and watching blockbuster movies online, the question you should ask is how do those websites that offer this as a free service make their money?

In this week’s episode on Cybersafe with SisiNerd, our resident cybersecurity expert sheds light on the popular but dangerous habit of downloading free movies online and legitimate ways to get movies.

ATM SKIMMING – CYBERSAFE x SISINERD

ATM Skimming is a type of ATM fraud associated with debit and credit cards. This aim is to capture card information such as cardholder name, credit/debit card number, expiry date, and card PIN amongst others, and to transfer these onto a computer system for the purpose of creating cloned credit/debit cards.

On this week’s episode of Cybersafe with SisiNerd, our resident Cybersecurity expert gives us five tips to help us avert ATM skimming.

WHO UPDATES EPP – CYBERSAFE x SISINERD

Yes, this week on Cybersafe with Sisinerd we’re going to convince you why you need to keep your device updated. We know no one likes to be interrupted while they’re working on something with a pop-up asking you to update. Rather than defer to another time which you might forget, we advise that you set out time each week to check and apply updates.

Here’s an analogy that can help process the importance of updates. Think of the security of your device like a country that is at war. When their enemy finds an opening what does the country do? They send troops to fill up the opening. Likewise, when the bad guys find a vulnerability in the software on your device, the manufacturers release an update the plug up this vulnerability. Not installing updates would be like a country at war having learned of a way enemy troops are infiltrating their borders deciding not to send their own troops to counter the insurgency.

For a full picture on why you need to install updates, watch our resident Cybersecurity expert SisiNerd

Cybersafe Foundation unveils programme to empower girls with cybersecurity skills

CyberSafe Foundation, Nigeria’s leading Non-Governmental organization focused on improving cyber safety particularly amongst the vulnerable, has recently announced the launch of a fellowship programme, CyberGirls.

A statement from the foundation said that CyberGirls, a 1-year fellowship program was initiated to equip girls between the ages of 15 and 21 with globally sought-after cybersecurity skills,  positioning them to start a career in cybersecurity and seize work opportunities within Nigeria and across the world.

During the one-year fellowship, beneficiaries will be progressively exposed to training in digital literacy, cybersecurity fundamentals, soft skills and career specific paths in cybersecurity, etc. Career specific paths will include Networking, Cyber and IT Security Audit, Incident Analysis/Response, Penetration/Vulnerability Testing, Security Intelligence, Web Application Testing and Cloud security. CyberGirls fellows will also enjoy hands-on training experience, mentorship from female cybersecurity professionals, as well as internship opportunities and entry level job placements during the last 3 months of the fellowship.

Confidence Staveley, Founder/Executive Director of CyberSafe Foundation, urges Nigerians in the public and private sectors as well as other Non- Governmental Organizations to collaborate and provide in-kind and in-cash support needed to ensure these girls have all they need to achieve the task ahead. She is also inviting prospective employers to support this initiative and signup as job placement partners for the purpose of providing paid internship or job placements for CyberGirls Fellows upon graduation from the fellowship.

“We are calling on individuals and organizations across all sectors to partner with us on this great initiative that aims at improving the socio-economic well-being of girls living in underserved communities in Nigeria. Investing in these girls and empowering them with globally sought-after cybersecurity skills will lift them and their families from poverty, contribute to combatting cybercrime, address gender disparity and skills gaps in cybersecurity, and fight youth unemployment/underemployment.  “To enable us to actualize this project, your in-kind support and partnership will go a long way in changing the lives of our beneficiaries and their families for years to come.” Staveley explained

The pilot cohort is set to commence training in May 2021 and will feature a total of 120 girls as beneficiaries; with 20 girls per state to join the fellowship in Adamawa, Cross River, Enugu, Kaduna, Kogi and Oyo state.

Visit www.cybersafefoundation.org/cybergirls to read more or call 0815 758 9260

5 WAYS TO GET YOUR IDENTITY STOLEN – CYBERSAFE x SISINERD

Identity theft occurs when someone uses your personal or financial information to commit fraud. A common misconception is that this kind of crime is limited to celebrities or the rich, but this is incorrect. Criminals these days prefer to cast the net as wide as possible since they know that an individual will have various connections such as friends, family, colleagues, neighbors, etc. Even if such targets are not buoyant financially, stealing their identity for impersonation could still reel in a good catch amongst one of their connections.

In this week’s episode of Cybersafe with Sisinerd, our resident cybersecurity expert, Sisinerd, brings to the fore the issue of identity theft and also 5 things that if we do may lead to our identity getting stolen, Happy Viewing.

HOW BANKING TROJAN WORKS – CYBERSAFE x SISINERD

A Trojan is a malicious software program masquerading as a legitimate one. It gets its name from the great epic story of the war of troy, in which the Greeks were able to defeat the city of Troy by hiding their soldiers inside a giant wooden horse. The wooden horse was left as a gift while the Greeks pretended to have retreated, so the Trojans took the horse into their city not knowing that it contained an elite group of Greek soldiers, thus leading to the fall of their city.

A Banking Trojan acts very much in the same way, disguising itself as something legitimate or useful to the user while having a more sinister purpose. In this week’s episode of CyberSafe with SisiNerd, we learn about how banking trojans work and various ways to avoid getting infected with them.

How Ransomware Works – CyberSafe x SisiNerd

Our age is witnessing rapid technological development, but this positive state of affairs also has a dark side, which is the ever-evolving nature of cybercrime. Amongst the various methods used by cybercriminals, ransomware is the most dreaded.

According to Cybersecurity Ventures, Ransomware is expected to attack a business every 11 seconds and global damage costs are predicted to reach $20 Billion (USD) by the end of 2021.

In this week’s episode of Cybersafe with SisiNerd, our resident infosec expert Sisinerd gives us a primer on Ransomware and the best practices to keep your computing device safe.