Kuwait Security Smashes Nigerian Cybercrime Gang Targeting Telecom Towers, Banks

LAGOS AUGUST 12TH (NEWSRANGERS)-Kuwait’s Criminal Security Sector has dismantled an international cybercrime ring composed of Nigerian nationals responsible for coordinated attacks on telecommunications towers and banks. The Ministry of Interior, which announced this, was referenced by the Arabic-language daily, Al Qabas, which noted that the case was initiated after the Communication and Information Technology Regulatory…

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Global Technology Outage Grounds  Airlines, Banks, Healthcare, Public Transit

LAGOS JULY 19TH (NEWSRNAGERS)-A major technology outage grounded flights, hampered public transit systems and disrupted operations at banks and hospitals around the globe Friday in an incident a cybersecurity firm blamed on a faulty system update. CrowdStrike, a U.S. firm that advertises being used by over half of Fortune 500 companies, said one of its…

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Nigerian Senate Uncovers $400m  Intervention Funds Laying Fallow In Banks

LAGOS FEBRUARY 9TH (NEWSRANGERS)-The Nigerian Senate has uncovered $400 million in intervention funds domiciled in banks and other financial institutions for a couple of years.  This was disclosed by the lawmaker representing Kogi Central and the Chairman of the Senate Committee on Local Content, Senator Natasha Akpoti-Uduaghan, during a session with the Nigerian Content Development…

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Decongestion: Commercial Banks Set To Raise Individual’s Cash Withdrawal  To N100, 000

LAGOS MARCH 28TH (NEWSRANGERS)-Commercial banks are set to raise their cash withdrawal limits from the current N20,000-N50,000 range to over N80,000-N100,000, according to multiple bank officials.  The move, it was learnt, would help bank branches to tackle lingering queues in some cities across the country.  The Central Bank of Nigeria had on Friday directed commercial…

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