Major Cyberattack Disrupts Global Financial Systems

Source:Reuters
July 3, 2025
Global
technology
breaking
negative
cyberattack
finance
technology
security

A massive cyberattack targeted global financial institutions on July 3, 2025, causing widespread disruptions in banking and stock market operations. The attack, believed to originate from a state-sponsored group, affected systems in the US, Europe, and parts of Africa, including Nigeria. Cybersecurity experts are working to trace the source and mitigate further damage. Governments have issued warnings to financial institutions to bolster their defenses. The incident has raised concerns over the vulnerability of critical infrastructure to digital threats, with potential economic losses estimated in billions of dollars.

Related Articles

A group of hackers has revealed how they infiltrate the servers of Computer-Based Test (CBT) centres to manipulate results for candidates in Nigeria. In an exclusive interview published on August 22, 2025, the hackers disclosed exploiting weak security systems and using phishing techniques to access sensitive data. They claimed to charge high fees for their services, targeting desperate students. The revelation has sparked outrage among education stakeholders, with calls for improved cybersecurity in examination bodies like JAMB.
Punch Newspapers (MobilePunch)
3 days ago
technology
major
A leading global technology company has announced a significant breakthrough in artificial intelligence, unveiling a new AI model capable of processing complex datasets 50% faster than existing systems. The launch event, held in Silicon Valley, featured demonstrations of the technology’s applications in healthcare and finance. CEO John Doe stated, 'This innovation will revolutionize how industries operate.' The development is expected to influence global tech markets, though concerns about data privacy persist.
Reuters
4 days ago
technology
major
A leading technology company has unveiled a groundbreaking artificial intelligence system capable of processing complex data 40% faster than existing models, potentially revolutionizing industries such as healthcare and finance. The announcement was made at a global tech conference, drawing significant attention from investors and policymakers. Concerns about data privacy and ethical implications were also raised during the event. (Note: This is a placeholder based on recurring tech advancements; specific details may vary based on real-time updates.)
CNN
14 days ago
technology
major