Researchers at Kaspersky Lab have uncovered a new scheme whereby cyber criminals trick users into giving up their data by luring them with ‘free’ gift cards.

According to him, terror groups and cyber criminals have used modern technologies to spread useless ideologies and defraud the people and the country cannot afford not to use the same strategies to respond to insurgency.

But the Director of Banking and Payments System, CBN, as well as the Chairman, Nigeria Electronic Fraud Forum, ‘Dipo Fatokun, told The Guardian yesterday that hacking and cyber attack are ongoing challenges across the world against banks.

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Cyber criminals are looking to cash in on the fast running out IPv4 addresses. IPv4 is still popular because it routes most Internet traffic today despite the ongoing deployment of successor protocol IPv6.