The National Information Technology Development Agency has alerted Nigerians about a banking malware, which targets users globally through sophisticated phishing campaigns.

According to NITDA’s Computer Emergency Readiness and Response Team, the new version of the Grandoreiro is a significant threat, using “advanced techniques, including screen overlay attacks and remote device control, to steal sensitive information such as banking credentials and personal data.”

The malware, NITDA explained is primarily distributed via phishing emails and fraudulent websites that deceive victims into downloading malicious software disguised as legitimate updates or documents.

To mitigate the risk, the agency urged the public to exercise caution and adopt recommended security measures.