As facial recognition technology becomes more widespread, many people are embracing it as a secure and convenient means of authentication. With tech giants like Apple popularising Face ID, which not only encrypts facial data and only stores it on device in Secure Enclave, but also uses sophisticated 3D scanning that can’t be easily fooled or compromised, financial institutions however have also integrated facial recognition into their security protocols. However, Adrian Stanford, Group CTO at ESET Southern Africa, says the latest ESET Threat Report H1 2024 reveals that cybercriminals are adapting quickly to the use of less sophisticated biometric technology.

Using advanced techniques, attackers are now exploiting AI-driven face-swapping services to bypass security measures and gain unauthorised access to victims’ accounts via fake mobile applications. “While facial recognition is undoubtedly a popular and useful security tool, it’s crucial to understand its limitations. Simply relying on camera-based biometrics can provide a false sense of security. Cybercriminals are continuously innovating, and they have found ways to manipulate even the most some facial recognition technologies to suit their objectives.”

The power of biometric authentication

Biometric authentication methods, including facial and fingerprint recognition, are becoming increasingly popular among consumers and businesses alike. According to research in 2023, more than 50% of consumers used biometric authentication for online transactions, while fingerprint and facial recognition emerged as the top biometric methods, used by nearly 30% and 50% of consumers respectively​. Additionally, the adoption of biometric authentication is gaining significant traction among IT and cybersecurity professionals, with many organisations shifting towards these methods to replace traditional passwords in workplace environments​.

This growing reliance on biometrics reflects a global trend. The biometric market, valued at approximately $5 billion in 2022, is expected to reach $19.3 billion by 2032. “Biometric technology provides ease of use and a level of security that many people find reassuring. However, this demand has also attracted the attention of cybercriminals who are adept at exploiting new technologies,” Stanford notes.

The malware threat

As biometric systems become more sophisticated, so do the tactics used by cybercriminals. “The GoldPickaxe malware is one of the latest threats to exploit biometric data. Posing as legitimate apps, these fake applications trick users into providing videos of their faces and other personal information, which are then used to create deepfake videos. These realistic-looking videos are capable of bypassing some forms of biometric security,” Stanford explains.

GoldPickaxe malware has been observed targeting both Android and iOS users by impersonating legitimate applications. In one case, it posed as a Thai government app, collecting sensitive information such as identification documents, SMS messages, and facial recognition data.

Victims are tricked into installing a mobile device management (MDM) profile, which allows attackers to control the victim’s iOS device. On Android, it is typically distributed through websites masquerading as the Google Play Store. The ultimate aim is to gain access to users’ banking applications and other high-value targets.

How to avoid face-stealing scams

“While biometric security is a powerful tool, it is not infallible. Users should remain vigilant and take additional steps to protect their personal information,” says Stanford.

• Download apps only from official sources

Always use official app stores, such as Google Play or the Apple App Store, to reduce the risk of downloading malicious applications.

• Be cautious of ‘too good to be true’ offers

Always try to verify claims about eligibility for prizes, discounts, or, as in the case of GoldPickaxe, refunds and bonuses. If it seems too good to be true, it probably is.

• Use Multi-Factor Authentication (MFA)

MFA adds an extra layer of security by requiring multiple forms of identification before granting access.

• Verify the authenticity of financial apps

Scrutinise any app that requests biometric data, particularly financial applications. Look for reviews and official endorsements before proceeding.

• Run regular security scans

Suspicious activity on your smartphone? Run a security scan with a reputable security app. If you discover a malicious app, delete it and restart your phone. Resetting your Android device to factory settings may be necessary.

“Creating fake videos using AI for scams sounds scary, but even these elaborate attacks can be avoided or stopped via appropriate cybersecurity solutions and sufficient awareness. While no single technology is the ultimate answer for everything, reliable cybersecurity consists of a multilayered defence combined with a prevention-first approach,” adds Stanford.

At the International Mining and Resources Conference (IMARC) in Sydney, Australia, Nigeria’s Minister of Steel Development, Prince Shuaibu Abubakar Audu, has made a compelling case for foreign investment in Nigeria’s steel and metals industry, presenting the country as Africa’s prime investment destination for the sector. The conference, which spans from October 29 to October 31, 2024, has provided a platform for Nigeria to showcase its resources and the government’s recent efforts to attract foreign investors.

Representing Nigeria’s Federal Ministry of Steel Development, Prince Audu was accompanied by a high-level delegation, including Permanent Secretary Dr. Chris Osa Isokpunwu and other key directors. In addition to addressing the conference attendees, the minister engaged in discussions with Australian government officials and industry leaders to explore potential funding and partnerships for Nigeria’s steel sector.

In his presentation, titled “The Nigerian Metallurgical Industry: An Unfolding Frontier of Global Investment Haven,” Prince Audu emphasized Nigeria’s strides under the “Renewed Hope Agenda” championed by President Bola Ahmed Tinubu. He highlighted the unprecedented establishment of the Ministry of Steel Development, created in August 2023, to focus solely on advancing the steel industry, which is expected to drive industrialization and significantly boost Nigeria’s GDP.

“This government, in just over a year since the ministry’s creation, has made significant strides to foster an environment that is not only conducive to foreign investment but also highly advantageous,” stated Prince Audu, pointing to Nigeria’s vast natural reserves of iron ore, dolomite, coal, limestone, manganese, and nickel. “Nigeria’s strategic position in Africa offers investors access to both domestic and broader regional markets.”

Prince Audu detailed a range of incentives available to foreign investors, such as tax holidays, rural location incentives, Export Expansion Grants (EEG) Schemes, gas utilization incentives, and zero-duty on imported mining and steel equipment. These measures, he noted, demonstrate the government’s commitment to fostering a welcoming business climate for investors.

“We are here to address challenges and discuss opportunities within the global market, but more importantly, to showcase Nigeria’s immense potential,” Prince Audu explained. “With one of Africa’s largest economies, abundant natural resources, and a youthful population ready for innovation, Nigeria is uniquely positioned as a gateway to major African and international markets.”

He underscored Nigeria’s robust resources, growing infrastructure, and commitment to sustainable development and technology, asserting that investing in Nigeria’s steel sector is not only viable but strategically profitable. “Together, we can explore and capitalize on the untapped opportunities within Nigeria,” he concluded, inviting global stakeholders to partner with Nigeria in advancing the steel industry.

IMARC, Australia’s largest mining event, is a major gathering for global leaders in mining and steel, offering a crucial platform for international partnerships and advancements in the industry. Through Nigeria’s participation, the government seeks to open new avenues for economic growth, anchored in a steel industry that can catalyze sustainable development and job creation across the country.

In a passionate address at the 24th Session of the National Council on Women Affairs in Jos, Plateau State, Ambassador Gabriel Aduda, Permanent Secretary of the Federal Ministry of Women Affairs, urged stakeholders to unify efforts to drive forward the National Women’s Economic Empowerment (WEE) Policy. The policy, which aims to empower women across Nigeria, was spotlighted as a crucial step toward creating equal economic opportunities and fostering national growth.

Speaking at a sideline meeting focused on the policy’s domestication, Ambassador Aduda emphasized that without coordinated action, efforts to advance women’s economic empowerment would remain unfulfilled. He described the WEE Policy as transformative, highlighting the need for all states in Nigeria to domesticate and implement it, enabling the benefits to reach women at the grassroots level.

“The WEE Policy is not just a document; it is a game changer meant to drive substantial progress in women’s participation across agriculture, industry, entrepreneurship, and leadership,” Aduda noted. “Implementing this policy builds an environment where women can thrive equally in all sectors.” He stressed that economic empowerment for women would help dismantle long-standing barriers to education, finance, and leadership—obstacles that have restricted women’s potential and slowed national progress.

Ambassador Aduda also called for creating frameworks and partnerships to ensure the policy’s effectiveness and reach. He encouraged Nigerian women to consider careers in politics to further amplify policies that support female advancement, asserting that the policy’s successful implementation would empower women to contribute significantly to the country’s socio-economic development.

Expressing gratitude, Aduda commended the Albright Stonebridge Group for its substantial support of the policy. He urged government agencies, the private sector, civil society, communities, and state delegates to join forces to ensure the policy’s successful domestication and implementation, especially in rural areas.

During the panel discussion, Mrs. Blessing Anunike, Director of Economic Services at the Ministry, pointed out that the WEE Policy fosters a multi-sectoral approach, paving the way for coordinated interventions aimed at meeting targets. She noted that the policy aims to provide an enabling environment for women’s active participation across sectors, including agriculture, entrepreneurship, and energy, in a bid to bolster economic empowerment.

The call for state-specific strategies was echoed by Mrs. Rinmicit Temlong-Aboki, Gender Lead at Albright Stonebridge Group, who encouraged state representatives to tailor policies that reflect local needs to achieve the WEE Policy’s objectives effectively.

Launched in May 2023, the National WEE Policy represents a beacon of hope for Nigerian women, aiming to bridge economic disparities and empower women to play an active role in Nigeria’s development.

The Ministry of Women Affairs has expressed deep concern over the detention of 52 children arrested during the End Bad Governance protests in Kano and Kaduna states on August 3, 2024. The ministry acknowledges public apprehensions regarding the treatment, safety, and rights of these children and is actively addressing these issues.

Ensuring the rights of every child is fundamental, as outlined in the Constitution of the Federal Republic of Nigeria, the Child Rights Act, and various international treaties to which Nigeria is a signatory. The ministry emphasizes that all children, regardless of their circumstances, are entitled to protection, dignity, and a fair judicial process.

Demonstrating her commitment to the welfare of these children, Honourable Minister of Women Affairs personally visited the detention facility late at night to engage with the minors. During her visit, she provided comfort, listened to their concerns, and assured them of her dedication to their well-being. The Minister has also been in discussions with authorities to ensure the children receive appropriate care and that their rights are upheld.

Efforts are underway to collaborate with relevant authorities, including the Ministry of Justice, the judiciary, and correctional institutions, to expedite the children’s cases and ensure they are heard in juvenile courts, as mandated by law. The ministry is actively monitoring their welfare and working alongside child rights advocates to prevent any undue harm, discrimination, or maltreatment.

Plans are also being developed to coordinate with child protection services to provide post-release psychological counseling, social support, and rehabilitation to aid the reintegration of these children into their communities. The ministry is exploring educational opportunities to support their growth and well-being beyond this challenging experience.

In response to public concerns, the President has instructed the Attorney General of the Federation to swiftly review the cases of these minors. The Ministry of Women Affairs remains confident that justice will be served, reflecting Nigeria’s commitment to the rule of law and child protection principles.

Furthermore, the ministry is implementing a Whole-of-Society Approach (WoSA) to tackle juvenile delinquency, focusing on collaboration with stakeholders to strengthen existing systems and reform the juvenile justice framework. Key initiatives will involve revising laws concerning juvenile delinquency and promoting multi-sectoral engagement to empower communities and authorities in preventing juvenile delinquency throughout Nigeria.

The Ministry of Women Affairs assures concerned citizens that it will continue to advocate for the rights of these children and work diligently to secure a just outcome. Protecting the rights of all children is a top priority, and every effort will be made to guarantee their safety, welfare, and access to justice.