The Cyber Security Experts Association of Nigeria has predicted increased cyber security threats in the country’s cyberspace in 2024, stating that citizens should expect an upsurge in insider threats with an increase in the use of Artificial Intelligence for malicious purposes.
According to reports, AI is the ability of a digital computer or computer-controlled robot to perform tasks commonly associated with intelligent beings through computer-enhanced learning, reasoning, and perception.
The association in its National Cyber Threat Forecast report, also said there will be an increase in employment and benefit scams primarily through various digital platforms, a trend that has been prevalent in 2023.
It attributed the anticipated increase in these scams to the country’s challenging economic situation, which may drive more individuals to seek financial opportunities online.
The report added that an escalation in the severity and frequency of web defacement incidents, affecting a diverse range of industries is poised to continue with more impersonation scams through fake websites and social media profiles, using the names and images of well-known figures to deceive the public.
The report partly read, “In 2024, Nigeria is poised to continue facing the challenge of impersonation scams. These scams involve creating fake websites and social media profiles, using the names and images of well-known figures to deceive the public. Public awareness campaigns and educating people on reporting such scams are crucial to combating impersonation scams. Social media platforms and websites must enforce stricter verification processes for profiles claiming organisational or individual identities. The high incidence of attacks on academic institutions highlights the urgent need for all sectors, especially education, to reassess and bolster their cybersecurity measures.
“Nigeria can be expected to witness a surge in employment and benefit scams, a trend that has been prevalent in 2023. These scams often lure victims with promises of financial inducements and part-time job offers, primarily disseminated through various digital platforms.
“Attackers will leverage the capabilities of AI to enhance the efficiency and effectiveness of their cyber-criminal activities. This will manifest in more personalised phishing attacks, personalised malware, automated large-scale attacks, and sophisticated social engineering attacks. These forecasts point to a continued surge in mis/disinformation, ransomware attacks, attacks against vulnerable government’s online assets, crypto scams, benefit and employment scams, information and credential theft, AI-enabled threats, impersonation scams, insider threats, cyber hacktivism, and web defacement.”
CSEAN further called for improved cyberspace regulations through public awareness and law enforcement collaboration to control potential monetary loss.
It said, “Several measures are crucial to counter this rising threat. These include public awareness campaigns, improved monitoring and vetting by digital platforms, law enforcement collaboration for reporting and prosecution, and promoting safe job search practices with thorough recruiter verification and caution against sharing personal details or making payments.
“To mitigate AI exploitation for cybercrimes, individuals should stay informed and practice cybersecurity hygiene. Organisations must invest in AI-driven security solutions and staff training. Governments should enforce robust cyber laws, support research in AI security, and foster public-private partnerships for sharing intelligence and best practices in cybersecurity
Additionally, the report says collaboration with law enforcement will be vital in addressing and legally pursuing these frauds.
“Amid these economic hardships, cybercrime has become an increasingly attractive option, offering substantial illegal earnings. Businesses and organisations must adopt various measures to combat this growing threat.
Commenting on the report, the President of the association, Ade Shoyinka, emphasised the need for collaboration between public and private sectors, the adoption of updated computing resources, and a commitment to cybersecurity best practices are imperative.
“In essence, the evolving digital threats demand a united front. Organisations, irrespective of sector, must strengthen their defences, invest in cutting-edge technologies, and prioritise education to mitigate vulnerabilities. As we navigate the uncertainties of 2024, a shared commitment to cybersecurity resilience will be the cornerstone of a secure and resilient digital future, “ he stressed.
