National Information Technology Development Agency (NITDA) Warns Nigerians of Banking Malware Targeting Sensitive Data

The National Information Technology Development Agency (NITDA) has issued a warning about a banking malware, Grandoreiro, which targets users globally through sophisticated phishing campaigns. The advisory was released on Monday by NITDA’s Computer Emergency Readiness and Response Team (CERRT).

According to NITDA, this latest version of Grandoreiro poses a significant threat, employing advanced techniques such as screen overlay attacks and remote device control to steal sensitive information, including banking credentials and personal data. The malware is primarily distributed via phishing emails and fraudulent websites that trick victims into downloading malicious software disguised as legitimate updates or documents.

Once installed, the malware bypasses security controls, granting unauthorised access to users’ devices, which could result in financial losses and identity theft. NITDA has advised the public to exercise caution by avoiding suspicious links and attachments, downloading software only from trusted sources, and enabling multifactor authentication for online financial accounts.

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The agency also recommended keeping antivirus software updated, refraining from using public Wi-Fi for financial transactions, and regularly monitoring bank accounts for unauthorised activities. These measures, it said, are crucial for mitigating the risk posed by this evolving cybersecurity threat.