TechPression

Tag: Scam

  • Scammers impersonating Binance steal cryptocurrency from over 130 Australians

    Scammers impersonating Binance steal cryptocurrency from over 130 Australians

    Australian authorities have uncovered a large-scale cryptocurrency scam in which fraudsters posed as representatives of Binance, the world’s largest crypto exchange, to deceive local investors.

    Over 130 victims have been identified, with scammers using fake messages that appeared within existing Binance chat threads to trick users into transferring their assets.

    Read also: Binance launches advanced trading tools in Kazakhstan, empowering crypto traders

    Scammers impersonation strategy

    The scam involved criminals sending SMS and encrypted messages claiming the recipient’s Binance account had been compromised.

    These messages included fake verification codes and a fraudulent support phone number. When victims called the number, they were told to move their funds into a “trust wallet” for security—only to have their cryptocurrency stolen by scammers.

    The Australian Federal Police (AFP), in collaboration with the National Anti-Scam Centre (NASC) and Binance Australia, identified the scam as part of Operation Firestorm, an initiative launched in early 2024 to combat global cyber fraud.

    AFP Commander Cybercrime Operations Graeme Marshall emphasised the challenge of recovering lost funds, as the stolen assets were quickly transferred through a network of laundering accounts.

    “Once funds reach the hands of scammers, they are rapidly moved through multiple wallets, making recovery extremely difficult,” Marshall stated. “The AFP has worked closely with our partners to ensure victims are identified swiftly and given appropriate support.”

    Ongoing threat and prevention efforts

    The scam has raised concerns about the growing sophistication of impersonation fraud. Australian Competition and Consumer Commission (ACCC) Deputy Chair Catriona Lowe urged the public to remain cautious, stating that scammers rely on the trust users place in well-known organisations.

    “We encourage Australians to verify any communication they receive, even if it appears legitimate,” Lowe said. “Always contact organizations using official details from their website or app.”

    On his part, Binance Chief Security Officer Jimmy Su assured users that the company is working closely with law enforcement to curb such scams. “Education and vigilance are key. Always confirm messages through Binance Verify and never share sensitive information,” Su advised.

    In conclusion, Authorities urge anyone affected to report incidents to ReportCyber, quoting reference number AFP-068.

    Read also: Binance community vote for Pi Coin listing ends at 86% approval

    About Binance

    Binance is a leading global cryptocurrency exchange founded in 2017 by Changpeng Zhao. It offers a platform for trading digital assets, blockchain services, and financial solutions.

    The company operates in several African countries, and Binance has expanded its reach, providing access to crypto markets and financial inclusion. However, the exchange has faced regulatory scrutiny in multiple regions, including Nigeria, leading to operational adjustments.

    Despite challenges, the firm still remains a key player in the crypto industry, driving innovation and adoption across various global markets.

  • Malaysian authorities warn against crypto investment scams

    Malaysian authorities warn against crypto investment scams

    Malaysian authorities have raised concerns over the growing rate of cryptocurrency investment scams targeting professionals and senior citizens in the country and beyond.

    On Monday, the Bukit Aman Commercial Crime Investigation Department (CCID) urged the public to exercise caution when dealing with digital currency-related investments. Datuk Seri Ramli Mohamed Yoosuf, who is the director of the CCID, noted that scammers are preying on individuals manipulated by promises of high returns.

    “Some victims believe that purchasing multiple cryptocurrency coins, each valued at hundreds of thousands of ringgit, will guarantee profits. However, in reality, no investment takes place—it is purely a scam,” he warned.

    Read also: Swiss-based Centi partners with Yellow Card for seamless, low-cost transfers to 20 African nations

    Financial institutions and senior citizens are at high risk

    According to Ramli, senior citizens, especially those over 60, are particularly vulnerable. Many victims use their life savings or take out loans in hopes of lucrative returns, only to end up losing substantial amounts. He cited a recent case where a 74-year-old individual lost tens of millions of ringgit after falling for a fraudulent scheme.

    The government officials further noted increased scammers impersonating financial institutions, regulators, and law enforcement to gain victims’ trust. Ramli emphasised that legitimate agencies do not engage in multi-step phone calls that claim to connect victims to various departments.

    “There’s no such thing as a call that starts with a courier company, then connects to the police, the bank, and an audit department—all in one conversation,” he clarified.

    Read also: Moroccan government warns citizens as fraudsters impersonate Prime Minister to promote fake crypto

    Rising tech-enabled scams

    The rise in digital currency fraud is attributed to rapid technological advancements, with scammers leveraging artificial intelligence (AI) and deepfake technology to appear more convincing. These crimes are most prevalent in highly populated regions such as Selangor, Kuala Lumpur, and Penang, where fraudulent operations often take place from rented luxury apartments.

    Despite these challenges, Malaysian authorities have made notable strides in combating financial fraud. “Last year, we carried out 23,000 arrests linked to scam syndicates, which is a major achievement in our fight against financial crime,” Ramli stated.

    Authorities continue to urge Malaysians to remain vigilant and verify all investment opportunities before committing funds. “As law-abiding citizens, we must stay alert and not fall for these scams. The consequences can be devastating,” Ramli added.

  • EFCC releases full list of Ponzi scheme operators in Nigeria

    EFCC releases full list of Ponzi scheme operators in Nigeria

    The Economic and Financial Crimes Commission (EFCC) on Tuesday published a list of at least 58 companies that use Ponzi schemes, also known as illegal investment schemes, to defraud unsuspecting Nigerians.

    This action demonstrates the EFCC’s commitment to sanitising Nigeria’s financial system and protecting its citizens from fraudulent investment platforms.

    In a statement released on Tuesday, the EFCC stated that these companies are operating unlawfully due to their failure to register with the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC).

    Read also: EFCC repatriates $120,000, N70.6 million to U.S., Spanish citizens scammed by Yahoo Boys

    The statement reads, “The Economic and Financial Crimes Commission, EFCC, hereby alerts Nigerians on the operations of 58 companies posturing as investing entities and defrauding innocent Nigerians of their hard-earned money.”

    “The companies are neither registered with the Central Bank of Nigeria, CBN, nor the Security Exchange Commission, SEC. The two regulators, in separate correspondences with the EFCC, denied that they are registered with them,” it added.

    Both regulatory bodies confirmed in separate letters that these organisations lack the necessary authorisation to function as investment businesses.

    Several of these companies have been sued by the EFCC. Five of the cases have already been found guilty, five are still awaiting arraignment, and five more have pleaded guilty and are awaiting a review of the facts.

    “The Commission has charged many of the companies to court, with five of them convicted, another five pleaded guilty but awaiting review of facts while the rest are pending arraignment,” the statement reads.

    How Ponzi schemes operate

    Ponzi schemes typically attract people seeking quick riches because they offer high returns with little to no risk. However, these schemes are not long-term viable because they rely on funds from new investors to provide returns to earlier investors. When the plan fails because fewer new investments are made, participants lose a lot of money.

    As demonstrated by these companies’ alleged involvement in fraudulent activities, due diligence is essential prior to making any investments.

    The EFCC reiterated its commitment to shielding Nigerians against financial predators and fraudulent investment schemes.

    “The EFCC assures the public of its vigilance and proactive monitoring of every entity and player in the nation’s economic space to safeguard the public from opportunistic and predatory operators and use the instrumentality of its anti-corruption mandate to stimulate growth in the economy.”

    In order to prevent further exploitation of Nigerians, the commission pledges to monitor the economy aggressively and continuously.

    Read also: EFCC announces online auction of 900 luxury vehicles seized from Yahoo Boys, corrupt politicians

    Below is the full list of the companies designated as Ponzi scheme operators by the EFCC:

    1. Wales Kingdom Capital

    2. Bethseida Group of Companies

    3. AQM Capital Limited

    4. Titan Multibusiness Investment Limited

    5. Brickwall Global Investment Limited

    6. Farmforte Limited & Agro Partnership Tech

    7. Green Eagles Agribusiness Solution Limited

    8. Richfield Multiconcepts Limited

    9. Forte Asset Management Limited

    10. Biss Networks Nigeria Limited

    11. S Mobile Netzone Limited

    12. Pristine Mobile Network

    13. Letsfarm Integrated Services

    14. Bara Finance & Investment Limited

    15. Vicampro Farms Limited

    16. Brooks Network Limited

    17. Gas Station Supply Services Limited

    18. Brass & Books Limited

    19. Annexation Biz Concept

    20. Maitanbuwal Global Ventures

    21. Crowdyvest Limited

    Other firms include:

    22. Jadek Agro Connect Limited

    23. Adeeva Capital Limited

    24. Oxford International Group and Oxford Gold Integrated

    25. Skapomah Global Limited

    26. MBA Trading & Capital Investment Limited

    27. TRJ Company Limited

    28. Farm4Me Agriculture Limited

    29. Quintessential Investment Company

    30. Adeprinz Global Enterprises

    31. Rockstar Establishment Limited

    32. SU. Global Investment

    33. Citi Trust Funding PLC

    34. Farm Buddy

    35. Eatrich 369 Farms & Food

    36. Globertrot Farmsponsors Nigeria Limited

    37. Farm Sponsors Limited

    38. Cititrust Credit Limited

    39. Farmfunded Agroservices Limited

    40. Adamakin Investment & Works Limited

    Additional firms include:

    41. Cititrust Holding PLC

    42. Green Eagles Agribusiness Solutions Limited

    43. Chinmark Homes & Shelters Limited

    44. Emerald Farms & Consultant Limited

    45. Ovaioza Farm Produce Storage Limited

    46. Farm 360 & Agriculture Company

    47. Requid Technologies Limited

    48. West Agro Agriculture & Food Processing Limited

    49. NISL Ventures Limited & Estate of Laolu Martins

    50. XY Connect Investment Limited

    51. River Branch Unique Investment Limited

    52. Hallmark Capital Limited

    53. CJC Markets Limited

    54. Crowd One Investment

    55. Farmkart Foods Limited

    56. KD Likemind Stakeholders Limited

    57. Holibiz Finance Limited

    58. Ifeanyi Okpe Oil & Gas Services

    59. Servapps Nigeria Limited

    60. Barrick Gold Mining Company

    61. 360 Agric Partners Limited

  • Impersonators target MTN chair Mcebisi Jonas in another scam

    Impersonators target MTN chair Mcebisi Jonas in another scam

    MTN Group, Africa’s largest telecoms company, has announced that its chairman, Mcebisi Jonas, has been impersonated again.

    This incident marks the second time Jonas has been targeted by fraudsters using his identity for malicious purposes.

    Read also: MTN MoMo Uganda denies claims of deductions for political campaigns

    Impersonation of MTN chair

    On Thursday, MTN revealed that a fake X account was impersonating Jonas and spreading false information.

    The company emphasised that Jonas has no X account, and opinions expressed on the fake account do not represent his views or those of MTN Group. 

    Experts warn of a rise in impersonation crimes across South Africa and the continent, with fraudsters using tactics like phishing, smishing, and vishing to deceive victims.

    “We urge the public to not fall prey to scammers and report all suspicious and unsolicited phone calls, emails, and WhatsApp communication received to us,” Nompilo Morafo from MTN’s Corporate Affairs office previously stated when similar incidents occurred two years ago.

    MTN action against impersonation

    MTN is taking necessary actions to address this issue. The company is investigating these incidents with its Internal Audit and Forensic team.

     MTN investigated historical examples of fraudulent corporate social investment project financing offers. The public is advised to remain vigilant against such scams.

    As part of its Ambition 2025 agenda, MTN enhances procedures to prevent cyber and fraud risks. This comprises an effective control environment backed by management responsibilities and internal audits.

    Read also: Nigeria Telecoms Forum 2025 to address key challenges in digital infrastructure

    How the Scam Works:

    Fraudsters contact victims, claiming they are from MTN.

    They are requesting urgent EFT payments for the foundation projects that are supposed to be completed.

    Red Flags:

    Urgent payment requests via email or phone.

    Suspicious links or attachments.

    What to Do:

    Report suspicious communications immediately.

  • Meta updates facial recognition to stop celebrity-bait scams on Facebook, Instagram

    Meta updates facial recognition to stop celebrity-bait scams on Facebook, Instagram

    Meta has updated its facial recognition technology to combat celebrity investment scam advertisements by identifying individuals whose pictures are used the most frequently.

    For long, many Facebook and Instagram users fell victim to scams because fraudsters impersonated popular figures to gain their trust and confidence. They would see a celebrity’s picture, click on it and will be directed to another website.

    But Meta has now found a way to nail suspicious accounts parading faces of celebrities to win trust of Face look users with the intent of defrauding them.

    The parent company of Facebook and Instagram on Monday stated it would opt out of facial recognition trials with 50,000 celebrities or public figures globally in December.

    Read also: Facebook aims to retain youth with enhanced social experience

    “Early testing with a small group of celebrities and public figures shows promising results in increasing the speed and efficacy with which we can detect and enforce against this type of scam,” Meta said in a blogpost.

    Understanding Meta’s Approach to Ad Integrity

    Meta will erase an ad if its images match the public figure’s Facebook and Instagram profile pictures if it suspects it is a hoax.

    “This process is done in real time and is faster and much more accurate than manual human reviews, so it allows us to apply our enforcement policies more quickly and to protect people on our apps from scams and celebrities,” David Agranovich, director of global threat disruption at Meta, said on Monday.

    For celebrities to participate in the system, they need to have a profile on either Facebook or Instagram.

    Meta will use the same facial recognition technology to let customers upload video selfies to regain their scammed accounts.

    As of November 2, 2021, Meta discontinued facial recognition for photo tagging due to privacy concerns on their website.

    Meta’s approach to combating online scams and fraud

    Agranovich stressed that the facial data generated will be immediately deleted once the match test is completed for both the scam ads and account hijacking, regardless of whether there is a match, and it’s not used for any other purpose.

    The company said early testing with a small group shows “promising results” in the speed and efficiency in detecting scam ads. Celebrities in the initial rollout will see a notification in their app notifying that they have been enrolled, and they will be able to opt out anytime, Meta said.

    Recently, lawmakers and regulators have pressured Meta to stop investment schemes using deepfake photos of public personalities like Martin Lewis, David Koch, Gina Rinehart, Anthony Albanese, Larry Emdur, Guy Sebastian, and others.

    Read also: Meta discontinues Spark AR Studio

    Andrew Forrest, a mining magnate, is suing the company because he says it didn’t do enough to stop scams that used his image. The Australian Competition and Consumer Commission is also suing the company.

    Agranovich said the facial-recognition tool was one of several used by the company to detect scams, but admitted some were likely to slip through the cracks.

    “It’s a numbers game, and so while we have automated detection systems that are running against ad creative that’s being created and that do remove a very large volume of violating ads before they can be posted or shortly after they’re posted, scam networks are highly motivated to just keep throwing things at the wall in hopes that things get through, and invariably some of them do,” he said.

    “Even if it is successful, scammers will probably migrate to other tactics. And so we know we’ll have to keep iterating and building new tooling to get ahead of whatever it is they do next.”

  • Unmasking the phantoms: how to detect scam Websites

    Unmasking the phantoms: how to detect scam Websites

    The internet’s vast marketplace can be an endless source of deals and opportunities, but hidden in the shadows are wolves in sheep’s clothing: scam websites. Cybercriminals who want to steal your information, money, or identity, so it’s essential to learn how to find them online. Here are some tips to help you find the warning signs:

    Spot the typos: Hastily put-together scam sites generally have grammatical faults, misspellings, and poor language. Quality material is vital for legitimate businesses; therefore, avoid grammatical errors.

    Read also: How to protect your SIM from scammers, thieves

    Check the “lock” and key: A padlock in the address bar and “https” indicate security, but don’t be fooled. Fraudsters can copy these traits. Click the lock for details—a reputable certificate issuer and verified corporate information are reasonable.

    Examine the domain: Red flags include misspellings, strange extensions like “.info” or “.biz,” and names that seem like well-known brands. Always verify the domain before entering essential data.

    Watch out for phoney deals: scammers often advertise ludicrous “get rich quick” schemes that involve depositing an unknown sum of money and multiplying it within a few days or offering lower prices than rival companies. If anything seems too good to be true, it generally is.

    Unmask content: Low-quality photographs, out-of-place stock photos, and generic product descriptions scream “scam.” Avoid websites with little substance or that don’t match the brand or product.

    Check the reviews, but verify: Online reviews can be helpful, but remember, scammers can fabricate positive testimonials. Use alternative sites and avoid glowing or generic reviews.

    Who are? Chat with us? Credible websites feature a physical location, phone number, and email address. Beware of sites with inadequate contact info.

    How To Enable Bitcoin On Cash App: A Complete Guide In 2022

    Just trust your gut: Sometimes, a website feels “off.” Walk away if something seems odd. Preventing harm is better.

    Keep alert: Scammers change their methods, so stay vigilant. Use anti-phishing extensions and update your security software and browser.

    With these detection tools, you can feel safe navigating the internet market. Remember that being sceptical can help you stay safe on the internet, where some people disguise themselves as good people.

  • ‘The Black Axe’ Infiltrates Irish Banks and IT firms to Commit Fraud

    ‘The Black Axe’ Infiltrates Irish Banks and IT firms to Commit Fraud

    Black Axe, a Nigerian fraternity now an international criminal organization, has been discovered to have infiltrated Irish banks and IT companies with its members.

    Iris Sun reported that for the organization to successfully launder over 14 million Euros, which were the proceeds of various fraudulent schemes, the organization sent people to the Irish institutions to help move the funds, most of which were in cash. These funds were realized from the organization’s global operations, which include romance fraud and other fraudulent schemes.

    The source revealed that “The Black Axe gang are massive, and they sent hundreds of people to Ireland to facilitate their scams.”

    Black Axe Infiltration Plot Exposed

    The most recent statistics released by the Irish bureau revealed that between January and May, a total of 31 instances of fraud were recorded, resulting in a loss of €812,715 for the victims.

    Cybercrime Typology in Nigeria: A Sign of Industrialisation Part 1

    The Garda, Ireland’s economic crime bureau, has identified more than 400 potential perpetrators as part of Operation Skein, an investigation into worldwide invoice-redirect fraud in the country. Additionally, with the assistance of the Federal Bureau of Investigation (FBI) and Interpol, close to one hundred people have been taken into custody.

    “They send people here to open accounts, work in banks and firms that can help them launder the proceeds of their criminality.”

    How they Orchestrate the Scam

    It was further revealed that 23 out of the victims were female, while the other eight were male victims. It was further revealed that most of the victims were said to have met the fraudsters on dating sites. as well as applications.

    Black Axe Symbol

    It is believed that Giuseppe Diviccaro, an Italian man who is 45 years old and is known by the nickname The Banker, was working for the Black Axe in the scheme. Irish authorities have arrested him on suspicion that he was involved in the scheme.

    A report affirmed that he is currently being held under gangland legislation, and the Gardai have also frozen €100,000 in bank accounts and seized €35,000 in cash during their investigation. Additionally, it was discovered that the individual had possession of an Irish passport, a South African passport, and a Nigerian passport when it was recovered.

    How Giuseppe Was Arrested

    On every occasion but one, the victims met the con artists through online dating services or mobile dating applications.

    Later on, Giuseppe Diviccaro, 45, one of the gang’s most important associates in Ireland, was put behind bars for his role in various online scams. The gardai were contacted by Hungarian police last year regarding a fraud involving the theft of $4,000 that a woman had sent to a bank account that was registered in Ireland.

    Cybercrime in Nigeria: Increasingly Sophisticated Crimes Part 2

    In addition, the investigators discovered that the account had been credited with a total of 46 payments from 12 individuals hailing from Germany, Croatia, Austria, Hungary, Ukraine, Bulgaria, and Poland. Meanwhile, Detective Superintendent Michael Cryan of the GNECB warned those who use social media, urging them to exercise caution.

    The Ireland Police Chief announced that “People who open accounts or allow their accounts to be used by these professional gangs should also realize that they can face very serious charges, including money laundering.”

    Police Nabs Other Con Artists

    Meanwhile, three Nigerians have been sentenced to prison by Ireland’s Dublin Circuit Criminal Court for defrauding a 66-year-old Irish radio personality out of €304,000. (about N130 million at the moment).

    Irish fraud criminals

    Under the pretence of a business transaction, the fraudsters, who the Irish police suspected of working for Black Axe, a Nigerian-based confraternity, defrauded the Irish woman.

    In November 2019, the trio set up a fake Plenty of Fish account under the name “Neil Turner” and began corresponding with the woman.

    The group claims to have a business dealing in oil and gas off the coast of Cork.

    Within a few days, the con artists began pestering the woman about sending money to help “Turner” with his scam. ‘Turner’ had been told he would receive a huge inheritance, and this was their reply.

    Over the course of six months, the Irish woman sent ‘Turner’ over €254,000. A further €50,000 was borrowed and given to ‘Turner.’

    When the woman started to get the feeling that something wasn’t quite right, she called the National Economic Crime Bureau, and they were able to link the fraudster’s profile to the three Nigerian men who were in Ireland.

    Omowale Owolabi, age 31, a resident of Navan, County Meath, confessed to stealing. Raak Sami Sadu, 32, from Clonsilla, Dublin, has confessed to participating in a fraudulent conspiracy. And Samson Ajayi, 33, from Grangerath in the county of Meath, admitted to engaging in the illegal activity of money laundering.

    Owolabi was sentenced to three years and three months in prison, Ajayi was given a sentence of two and a half years, and Sadu was given a sentence of three years.

  • Cybercrime Typology in Nigeria: A Sign of Industrialisation Part 1

    Cybercrime Typology in Nigeria: A Sign of Industrialisation Part 1

    Over the years, cybercrime in Nigeria has been equated to fraud on the internet. It is the only country where an internet crime was attributed to “the Nigerian scam”. A global perspective that Nigerian cybercrimes are only concerned with fraud has influenced the policing and focus of other law enforcement. It is also generally believed that Nigerian cybercriminals have limited skills and are only interested in low-level scams such as romance, inheritance, letter scams, and card fraud.

    In the ranking of serious cybercrimes that have occurred worldwide, Nigeria was never rated as a country with the capacity to launch a significant attack. The country is not part of the top 10 countries with most hackers globally, as ranked by Akamai (Cambridge, Massachusetts based cloud platform provider). The country was also not listed in the top 10 cybercrime stories of 2019. Despite the limited perception of the technical ability of Nigerian cybercriminals, they yet remain a significant player in the global cybercrime ecosystem.

    Recent trends and events demonstrate the growing sophistication of cybercrime. The industry has evolved towards developing new operation modes that go beyond fraud. Two themes have emerged from the new realities of these developments.

    Migration and Organised Crime

    As it is well established, Nigerians have migrated to many different countries. As of 2018, there are 205 000 Nigerians born in Nigeria who lives in the U.K. and around  348,000 Nigerians living in the U.S. as of 2017. Other countries such as Malaysia, India, Germany, France, and others have a significant presence of Nigerians. West African countries also have witnessed significant migration based on the Economic Community of West African States (ECOWAS) free movement protocol.

    Cybercriminals from Nigeria have migrated to all these countries while practicing their criminal enterprise. It has resulted in a sophisticated organised crime structure spanning countries and continents. In October 2018, Nigerian cybercriminals were arrested in Turkey as part of an international syndicate. Federal prosecutors in the U.S. arrested 281 cybercriminals in a Coordinated International Enforcement Operation within which 167 were Nigerians. Some of the arrests were made in Nigeria.

    It appears that major cities across Europe and America now host cells consisting of an international syndicate of cybercriminals. In February 2020, a gang of Nigerians living in Portsmouth were sentenced for cyber fraud, making it the second case of Nigerian gang arrests and prosecution in the Portsmouth area. One of the members destroyed a flash drive before his arrest, suggesting that it contained evidence that could have linked the gang to other cells of the broader Nigerian cybercrime organisation. The arrest of Nigerian influencer Ramon Abbas (Hushpuppi) in Dubai is evidence of the migration-oriented expansion of cybercrime by Nigerians.

    Raymond Abbas Hush Puppi

     Ramon Abbas with one of his cars (source: Instagram)

    The sudden rise of cybercrime in neighboring countries, including Cameroun, the Benin Republic, and Ghana, has been associated with Nigerian migration. Between 2018 and 2019, hundreds of Nigerians were deported from Ghana because of their cybercrime activity. Nuhu Ribadu (the first chairman of the Economic and Financial Crime Commission) stated that the crackdown on cyber fraudsters in 2004 in Nigeria resulted in a massive migration to neighboring countries by those young Nigerians.

    Migration has turned Nigeria’s cybercrime into a hydra-headed monster that continues to evolve into an ever-stronger organised cultured enterprise. Many countries are now experiencing the continued perpetration of these crimes only with a limited ability to either stop or prevent the commission of these crimes.

    Cybercrime from Nigeria is prominent and very popular in its fraud orientation. Over time, it has evolved and gradually involved sophistication. Migration has also contributed to cybercrime becoming more organised. These organisations have cells in cities worldwide and a strong partnership between perpetrators in Nigeria and those residing in other countries. Many countries are now struggling to understand Nigeria’s rampant and multi-faceted cybercrime.

    Dr Pelumi Apantaku explores the changes in the type of crime as witnessed in established cases worldwide. This is a four-part series that provides an elaborate insight into cybercrime in Nigeria.