The National Information Technology Development Agency (NITDA) has issued a warning to Nigerians about a banking malware that is targeting users worldwide through sophisticated phishing campaigns.
The alert was issued by NITDA’s Computer Emergency Readiness and Response Team on Monday.
NITDA highlighted that the latest version of the Grandoreiro malware poses a serious threat, employing advanced techniques like screen overlay attacks and remote device control to steal sensitive information, including banking credentials and personal data.
The agency explained that the malware is primarily spread through phishing emails and fraudulent websites, tricking users into downloading harmful software disguised as legitimate updates or documents.
Once installed, the malware circumvents security measures, allowing attackers unauthorized access to users’ devices.
NITDA cautioned that the malware could result in financial losses and identity theft.
The agency urged the public to remain vigilant and adopt recommended security practices to reduce the risks.
“Cyber threats like Grandoreiro are evolving, and users need to stay vigilant and adopt robust security practices to protect their information,” the agency advised.
NITDA recommended avoiding links and attachments from unknown emails, downloading software only from trusted sources, and enabling multifactor authentication to secure online banking and financial accounts.
The agency also emphasised the importance of keeping antivirus software updated, avoiding public Wi-Fi for financial transactions, and regularly monitoring bank accounts for unauthorised activities.