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Sophos raises alarm over new ransomware called MegaCortex

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BY: Justice Godfry

Sophos, a global leader in endpoint and network security, has released alert about a new ransomware that is threatening businesses.

On Friday, May 3, 2019, at 3:45 pm ET, SophosLabs Uncut released detailed malware analysis of the new ransomware called MegaCortex

Sophos research team expatiating on the ransomeware writes:

“MegaCortex was a relatively little-seen malware that suddenly spiked in volume on May 1. Sophos has seen MegaCortex detections in the US, Canada, Argentina, Italy, the Netherlands, France, Ireland, Hong Kong, Indonesia, and Australia.

“The ransomware has manual components similar to Ryuk and BitPaymer, but the adversaries behind MegaCortex use more automated tools to carry out the attack – this is unique.

“Up until now, Sophos has seen automated attacks, manual attacks and blended attacks, which typically lean more towards using manual hacking techniques to move laterally; with MegaCortex, Sophos is seeing heavier use of automation coupled with the manual component.

“This new formula is designed to spread the infection to more victims, more quickly.

As indicated in the SophosLabs Uncut article, MegaCortex Ransomware Wants to be TheOne, there is no explicit value for the ransom demand in the ransom note.

The attackers invite victims to email them on either of two free mail.com email addresses and send along a file that the ransomware drops on the victim’s hard drive to request decryption “services.” 

The ransom note also promises the cybercriminals “will include a guarantee that your company will never be inconvenienced by us,” if the victims pay the ransom, and continues, “You will also receive a consultation on how to improve your companies cyber security.”

Sophos has also made the following protection recommendation to businesses:

“It appears that there’s a strong correlation between the presence of MegaCortex, and a pre-existing, ongoing infection on the victims’ networks with both Emotet and Qbot. If IT managers are seeing alerts about Emotet or Qbot infections, those should take a high priority. Both of those bots can be used to distribute other malware, and it’s possible that’s how the MegaCortex infections got their start.

“Sophos has not seen any indication so far that Remote Desktop Protocol (RDP) has been abused to break into networks, but we know that holes in enterprise firewalls that allow people to connect to RDP remain relatively common. We strongly discourage this practice and suggest that any IT admin who wishes to do this put the RDP machine behind a VPN

“As the attack seems to indicate that an administrative password was abused by the criminals, we also recommend the widespread adoption of two-factor authentication wherever possible

“Keeping regular backups of your most important and current data on an offline storage device is the best way to avoid having to pay a ransom 

“Use anti-ransomware protection, such as Sophos Intercept X, to block MegaCortex and future ransomware

Commenting on the study, Sophos Senior Security Advisor John Shier, said:

“We suspect this is your script kiddie/living-off-the-land ‘mega bundle’ and a good example of what we’ve lately been calling cybercriminal pen-testing.

“The MegaCortex attackers have taken the blended threat approach and turned it up to 11, by increasing the automated component to target more victims. Once they have your admin credentials, there’s no stopping them. Launching the attack from your own domain controller is a great way for the attackers to inherit all the authority they need to impact everything in an organization.

“Organizations need to pay attention to basic security controls and perform security assessments, before the criminals do, to prevent attackers like these from slipping through”. 

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Transport

Travelers to Make Money as Ozi Launches to Redefine $460 billion Global Package Delivery Market

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Ozi Goes Live

Key Takeaways from Ozi launch:

  • With logistics representing a $1.34 billion in Africa, the demand for innovative delivery solutions has never been greater
  • Nigerians face numerous hurdles when it comes to moving packages, ranging from delays and high costs to a lack of secure options 
Ozi Founders
L-r: Co-Founders of Ozionline.com: Ikenna Ani (COO), Azubike Augustine (CTO) and Engr. Christian Chime (CEO)

Ozi (www.ozionline.com), a pioneer community-driven delivery app, launches today, offering users a new way to send packages and earn extra cash.

By connecting people traveling with those needing package delivery, Ozi turns everyday trips into profitable opportunities, aiming to disrupt the global parcel delivery industry, also known as the Courier, Express, and Parcel (CEP) market, currently valued at around $460 billion.

Imagine this scenario – You’re traveling to Abuja from Lagos and have empty space in your car. With Ozi, that unused capacity can earn you extra cash by delivering a package along the way. Or maybe you’re a small business owner who needs to send a package to another state but balk at the high cost of courier services.

With Ozi, you can find a verified traveler heading in the right direction to handle your delivery, Engr. Christian Chime, Ozi’s co-founder and CEO, said during the startup launch held today at Four Point by Sheraton, Victoria Island, Lagos.

“Why travel empty when you can earn?” asks Engr. Chime said. “Ozi allows travelers to make the most of their journeys while helping others get their packages delivered with ease.”

“This simple yet powerful idea leverages the daily movements of millions of Nigerians to create a logistics network that is fast, affordable, and efficient. 

“Ozi’s unique approach leverages the everyday movement of travelers to bridge this gap, creating a system where everyone benefits”.

He said that the choice of Nigeria as the first launch-location for Ozi was due the potential the country holds in the parcel delivery sub-sector.

“Actually, we had the opportunity to launch OZI in other country outside Nigeria but for their believe in the Nigeria dream and its potentials made us to choose the country as the first to witness Ozi’s innovation”, the CEO said. “Travelers can now monetize their journeys by delivering packages along their routes, while senders gain access to an affordable and convenient alternative to traditional courier services”.

Ozi combines convenience, innovation, and community to deliver a win-win solution for Nigerians. From quick intra-city deliveries to long-distance trips, Ozi offers an affordable, efficient solution for all.

Whether you’re a traveler looking to earn on your trips or a sender seeking a reliable delivery option, Ozi offers a solution that works for everyone.

In the words of Azubuike Augustine, the co-founder and Chief Technology Officer of Ozi, “Ozi’s mission goes beyond simplifying package delivery. The app represents a broader effort to create shared value for all stakeholders in the logistics process. By connecting senders and travelers, Ozi creates a win-win scenario where costs are reduced, trust is built, and income opportunities are created”.

“Ozi prioritizes safety and transparency. Every user, whether sender or traveler, undergoes a comprehensive verification process that includes ID checks and phone number authentication. This ensures that all participants in the system are trustworthy and accountable”.

To enhance security further, Azubuike said that Ozi offers real-time tracking for all transactions. Senders can monitor their packages throughout the delivery process, ensuring peace of mind. For high-value items, optional insurance coverage provides an added layer of protection, reinforcing Ozi’s commitment to reliability.

“At Ozi, we understand that trust is critical in logistics,” the CTO added. “That’s why we’ve built a platform where every step is designed to safeguard both the traveler and the sender.”

“Ozi is more than an app; it’s a community where everyone wins,” said Ikenna Ani, co-founder/COO of Ozi.

“From today, travelers across the globe can sign up through www.ozionline.com and start making every trip count”, he said. “We have put measures in place to ensure only genuine and verified travelers or senders use the platform. Security is primary for us”.

He added that the app will be released on Google Play Store and Apple (iOS) on January 1, 2025.  Ozi Live on Instagram | Facebook.

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Transport

Beer Sectoral Group and FRSC Warn Drivers on the Dangers of Drunk Driving

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BSG and FRSC
L-R: Executive Officer, Food, Beverage and Tobacco, Manufacturers Association of Nigeria (MAN), Elizabeth Lawal; Corporate Affairs and Regulatory Director, International Breweries PLC, Temitope Oguntokun; Chief Executive Officer, Guinness Nigeria, Girish Sharma; Federal Road Safety Corp (FRSC), (Lagos State Sector), Commander Kehinde G. Hamzat; Chairman Beer Sectoral Group (BSG) and CEO Nigeria Breweries, Hans Essadi; Lagos state secretary National Union of Road Transport Workers (NURTW), Comrade Usman O Teslim and Executive Director, Beer Sectoral Group (BSG), Abiola Laseinde during the launch of the Annual Don’t Drink and Drive Campaign organized by BSG in Partnership with FRSC at Radisson Hotel Ikeja, on Tuesday, 10th of December, 2024.

The Beer Sectoral Group (BSG) of the Manufacturers Association of Nigeria (MAN), in partnership with the Federal Road Safety Corps (FRSC), has reiterated the dangers of drunk driving at the launch of the Annual “Don’t Drink & Drive” Campaign.

The two-day campaign began with a press conference on Tuesday, December 10, at Radisson Hotel Ikeja, and continued with park rallies on Wednesday, December 11.

Both events emphasized the importance of avoiding drunk driving, the consequences of impaired driving, and the critical need for responsible road habits to enhance safety across Nigeria.

Speaking at the press conference, Chairman, BSG and CEO Nigerian Breweries, Hans Essadi, commended FRSC for its dedication to road safety and pledged continued support for initiatives that reduce traffic accidents. He stated: “Each year, countless lives are lost to preventable accidents caused by impaired driving. This campaign is built on three pillars: education, enforcement, and encouraging responsible behavior by all road users.”

Essadi also announced the following day’s park rallies, during which campaign teams visited major motor parks in Lagos—Ojodu, Ojota, and Oshodi. At these locations, they engaged commercial drivers in discussions on the risks of impaired driving, distributed educational materials, and offered voluntary breathalyzer tests.

FRSC Lagos Sector Commander Kehinde G. Hamzat emphasized the importance of defensive driving and passengers’ rights to challenge reckless drivers. He also highlighted FRSC’s new app, which alerts users to speed limits, dangerous roads, and potholes.

The press briefing attracted a diverse group of stakeholders, including executives from BSG, senior FRSC officials, and road safety advocates. Speakers highlighted the campaign’s objectives, shared success stories from previous editions, and renewed their commitment to reducing road accidents caused by impaired driving.

BSG and FRSC
L-R: Corporate Affairs and Regulatory Director, International Breweries PLC, Temitope Oguntokun; Communications and Sustainability Manager, International Breweries, Damian Igwe; Head of Integrated Communications, Nigerian Breweries, Ayodele Alabi; CEO Guinness Nigeria, Girish Sharma; Chairman Beer Sectoral Group (BSG) and CEO Nigeria Breweries, Hans Essadi; Executive Director, Beer Sectoral Group (BSG), Abiola Laseinde and Corporate Relations Director, Guinness Nigeria PLC, Rotimi Odusola during the launch of the Annual Don’t Drink and Drive Campaign organized by BSG in Partnership with FRSC at Radisson Hotel Ikeja, on Tuesday, 10th of December, 2024.

The park rallies saw impactful interactions with drivers and park officials, with many participants pledging to adopt safer driving habits. The campaign reinforced the message of accountability and safety through practical demonstrations and community engagement.

The 2024 “Don’t Drink & Drive” Campaign exemplifies the effectiveness of partnerships in addressing critical societal issues. BSG and FRSC reaffirm their shared commitment to reducing alcohol-related crashes and ensuring safer roads for all Nigerians.

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AXA Mansard supports MSME customers, offers free exhibition stand at fair

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AXA Mansard -

As part of continued commitment to support its Small and Medium Enterprises (SMEs) customers, AXA Mansard Insurance Plc has planned to offer some selected Micro Small and Medium Scale Enterprise (MSME) customer’s free exhibition stands at the Made by Nigerians Fair.

The company has been paying particular attention to MSMEs because of their significance to the economy.

Earlier, the company has offered different media exposure opportunities to its MSME customers, giving them the platform to introduce their products and services to a wide range of customers for free.

According to the Head, Marketing, AXA Mansard Insurance Plc, Olusesan Ogunyooye, said this is another gesture by the company to show that MSMEs can benefit for having insurance.

He explained that MSMEs are the backbone of any economy, noting that they drive innovation, create jobs, and contribute significantly to national development.

“Our support for these businesses at the MBN Fair reflects commitment to their growth and sustainability.

“We are passionate about helping them reach their full potential by connecting them with resources and opportunities that foster success”.

“By the very nature of insurance, its benefits are in the future and they are uncertain. That has been a main source of discouragement, particularly to MSMEs. Businesses are geared to making money. So, when thinking about Insurance, an average MSME will rather invest the money in the growth of his business first”.

But the risks that businesses face are also real. There are various types of risks businesses have to contend with today. From burglary, to fire, health of employees, and so on. When these risks manifest, they can significantly impact a business negatively. We understand that to get MSMEs to protect themselves and the millions of jobs they create, we must help them strike a balance between growing their businesses and protecting them”.

So, we have come up with different Initiatives to help them grow their businesses. The opportunity to exhibit their products and services to thousands of visitors to the MBN Fair is another in the series of our initiatives. 

“We are convinced that for insurance to grow, we need to help people and businesses see it as a strategic lever to grow their businesses, not a cost that takes away from them. If we get this right, it can’t have a massive impact on our economy because, when MSMEs thrive, the economy will prosper”.

“We have experimented with this model, and we are particularly excited about the responses from our customers. It is a call for us to do more, and we are committed to Nigerian MSMEs”, Ogunyooye explained.

AXA Mansard has been recognised for its various MSME Initiatives. The organization has been recognised by Nairametrics as Best MSME Insurance Company of the Year, and Marketing Edge Magazine as Inclusive Insurance Brand of the Year.

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