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China Trying To Steal COVID-19 Vaccine Research ― US FBI

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United States authorities warned Wednesday that Chinese hackers were attempting to steal COVID-19 (coronavirus) data on treatments and vaccines, adding fuel to Washington’s war with Beijing over the pandemic.

The FBI and the Cybersecurity and Infrastructure Security Agency (CISA) said organisations researching COVID-19 were at risk of “targeting and network compromise by the People’s Republic of China.”

They warned that Chinese government-affiliated cyber actors and others were attempting to obtain “valuable intellectual property and public health data related to vaccines, treatments, and testing from networks and personnel affiliated with COVID-19-related research.”

“China’s efforts to target these sectors pose a significant threat to our nation’s response to COVID-19,” they said.

The two organizations gave no evidence or examples to support the allegation.

But the warning added to the growing battle between the superpowers over the outbreak that began in China and has killed at least 293,000 worldwide, and more than 83,000 in the United States.

President Donald Trump has accused China of hiding the origins of the virus and not cooperating with the United States and other countries in efforts to research and fight the disease.

Asked on Monday about reports that the US believed Chinese hackers were targeting US vaccine research, Trump replied: “What else is new with China? What else is new? Tell me. I’m not happy with China.”

– Spies, academics targeted –

The warning Wednesday also underscored that Washington believes China has continued broad efforts to obtain US commercial and technology secrets by any means possible, under President Xi Jinping’s drive to make his country a technological leader this decade.

In February the US Justice Department indicted four Chinese army personnel suspected of hacking the massive database of credit rating agency Equifax, giving them the personal data of 145 million Americans.

The US recently also charged a number of academics with crimes relating to that alleged effort, both American and Chinese nationals.

On Monday the Department of Justice announced the arrest of University of Arkansas engineering professor Simon Saw-Teong Ang for hiding ties to the Chinese government and Chinese universities while he worked on projects funded by NASA.

The indictment said Ang was secretly part of the Xi-backed Thousand Talents program, which Washington says China uses to collect research from abroad.

Also on Monday Li Xiaojiang, a former professor at Emory University in Atlanta, admitted tax fraud in a case focused on his hidden earnings from China, also as a participant in the Thousand Talents program.

– Race for a vaccine –
Beijing has repeatedly denied the US accusations.

“We are leading the world in COVID-19 treatment and vaccine research. It is immoral to target China with rumors and slanders in the absence of any evidence,” Foreign Affairs ministry spokesman Zhao Lijian said Monday.

The FBI warning comes as dozens of companies, institutes and countries around the world are racing to develop vaccines to halt the spread of the coronavirus.

Many more groups are researching treatments for infected patients. Currently there is no proven therapy.

An effective vaccine could allow countries to fully reopen and potentially earn millions of dollars for its creators.

Most expert believe it will take more than a year to get a vaccine fully approved, and much longer to produce enough of it for even a fraction of the people on the globe.

The warning about Chinese hackers added to a series of alerts and reports accusing government-backed cyber operators in Iran, North Korea, Russia and China of malicious activity related to the coronavirus pandemic, from pumping out false news to targeting workers and scientists.

Britain’s National Cyber Security Centre and CISA said jointly last week they had detected large-scale “password spraying” tactics — hackers trying to access accounts through commonly used passwords — aimed at healthcare bodies and medical research organizations.

[AFP]

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Business

Leadway Assurance Partners AGRA, NADF, Verdure Climate To Advance Agricultural Insurance Solutions

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Leadway Assurance Company has forged partnership with Alliance for a Green Revolution in Africa (AGRA), the National Agricultural Development Fund (NADF), and Verdure Climate, to lead a national dialogue on identifying challenges and proffering actionable solutions on agricultural and climate risks in Nigeria.
The forum themed “Accelerating Agricultural Lending to Market Actors and Smallholder Farmers Using Index-Based Agric Insurance & Blended Finance Solutions,” held in Abuja recently.
In attendance at the forum were policymakers, financial institutions, agribusiness leaders, development experts, and critical value-chain actors, to examine scalable models capable of strengthening Nigeria’s agricultural resilience.
Recent data shows that over 82 percent of Nigerian farmers remain uninsured (Phys.org, 2024), while projections warn that climate-induced disruptions could cut Nigeria’s agricultural productivity by 10–25 percent by 2080, with some rain-dependent regions facing losses of up to 50 percent (IOSR Journal, 2024; ScienceDirect, 2025).
Against this backdrop, the dialogue provided a timely platform for advancing integrated solutions that combine insurance, credit, and climate-risk financing.
Speaking at the event, Ayoola Fatona, Global Head, Agriculture Risk Solutions, Leadway Assurance, reaffirmed the organisation’s commitment to financial inclusion and agricultural transformation. “We are in a mission to make insurance a catalyst for productivity by ensuring farmers can access credit, adopt climate-keen practices, and recover quickly from weather-related shocks. Collaborating with AGRA, NADF, and Verdure Climate allows us to co-create solutions that strengthen the entire value chain and secure the future of our food systems.”
In his opening address, Fatona underscored the urgency of building systems that empower farmers and de-risk financiers.
He noted that “the dialogue forms part of our AGRA-supported initiative to build farmers’ resilience through innovative insurance models and financial instruments across Niger, Kaduna, and Nasarawa States. As climate risks intensify, our responsibility extends beyond underwriting; we must become enablers of productivity, inclusion, and long-term stability. Index-based insurance, when integrated with blended finance structures, creates the transparency, speed, and scalability needed to unlock credit for market actors and smallholder farmers alike.”
He added that the collaboration among government, insurers, financiers, and development partners is essential to translating innovation into real impact for farmers, the maize grower in Nasarawa, the rice producer in Niger, and the aggregators supporting thousands across Kaduna.
Leadway Assurance has been investing in strengthening Nigeria’s agricultural insurance framework through initiatives such as index-based crop insurance, public-private partnerships with state governments, and capacity-building programmes for rural farming communities. Between 2024 and 2025, Leadway has supported interventions that expanded coverage for thousands of smallholder farmers across multiple states, contributing to improved financial stability and agribusiness continuity.

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IICC Trains Enugu Workers On Compulsory Insurances

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As part of efforts to promote insurance awareness and penetration throughout the country, the insurance industry has organised insurance training session for workers in Enugu State.

President Bola Tinubu, signed the Nigerian Insurance Industry Reformed Act (NIIRA) 2025 into law in July 2025. The Act is expected to reform the insurance industry, ensure Nigerians enjoy the benefits of insurance which is a catalyst to growing the Nigerian economy.

To this end, the Insurance Industry Consultative Council (IICC) under the leadership of its Chairman. Mrs. Yetunde Ilori, led all arms of the industry, including NAICOM, NIA, NCRIB, ILAN, ARIAN and CIIN to Enugu where the delegates from various ministries of the State Government were educated about the benefits of embracing insurance.

Mrs. Ilori said that the industry thought it was necessary for Enugu to feel the industry, noting that the State Government under the leadership of the Governor, Peter Mbah has been so involved promoting compulsory insurances in the State. She also appreciated the Government for supporting the training by approving the attendance of its workers.

The President of ILAN, Mr. Ikechukwu Udobi addressed the delegates as being privileged to have been selected out of many to attend the training.

Speaking on behalf of the Government, the Secretary to the State Government, Professor Chidebere Onya appreciated the industry for deeming it fit to train the citizens of the Coal City State on benefits of insurance. He stated that insurance is indeed a catalyst to growing the State’s economy and the Government is definitely going to take advantage of this.

The delegates applauded the IICC for the thoughtful training with the caliber of experienced experts who delivered several informative and innovative papers on compulsory insurances.

Mr. Tope Adaramola, who represented the NCRIB acknowledged the faculties and the delegates for their contributions towards the success of the training, submitting that the IICC is so expectant of feedback from the training and hoping see the economy of Enugu grow through the adoption of compulsory insurances.

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Sovereign Trust Insurance To Raise N5bn Through Rights Issue

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The Board of Directors of Sovereign Trust Insurance Plc, chaired by Mr. Abimbola Oguntunde, has approved an initial capital raise of N5 billion through a Rights Issue, says the management of the insurance company.

This represents a strategic first step in the company’s phased recapitalisation agenda, undertaken in alignment with the requirements of the Nigerian Insurance Industry Reform Act (NIIRA) recently signed into law by President Bola Tinubu.

The NIIRA framework mandates stronger capital buffers and enhanced solvency positions across the insurance sector, reinforcing the need for proactive capital planning by responsible operators.

The Rights Issue is projected to be completed within the first quarter of 2026. In line with global best practice, the Company has commenced structured engagements with all appointed professional parties, including issuing houses, legal advisers and auditors, and is currently finalising the necessary regulatory approvals prior to the formal opening of the offer to shareholders.

At the company’s 30th Annual General Meeting held on 25 September 2025; shareholders approved a set of key resolutions designed to strengthen Sovereign Trust Insurance Plc’s strategic and financial position. Chief among these was the endorsement of a capital raise of up to N20 billion to reinforce the balance sheet, improve liquidity buffers, and expand underwriting capacity in line with the heightened capital expectations introduced under the NIIRA regime.

Shareholders also approved the payment of a 5 kobo dividend per share, affirming confidence in the Company’s financial discipline and commitment to sustained value creation.

The market responded positively to these developments, with the Company’s stock emerging among the top gainers on the Nigerian Exchange (NGX) over several trading sessions in October 2025 – a clear indication of growing investor confidence and the strength of the Company’s operational fundamentals.

Commenting on this development, the Managing Director/Chief Executive Officer, Mr. Olaotan Soyinka, reiterated Management’s resolve to position the company among the top five insurers in Nigeria – a target aligned with industry benchmarks for operational efficiency, premium growth, and digital service delivery.

He encouraged shareholders to participate fully in the Rights Issue when it opens, noting that the Company remains firmly committed to innovation, digital transformation, market agility, and underwriting excellence.

According to him, these pillars are critical for sustaining long-term performance, improving customer experience and consolidating the Company’s position in a rapidly evolving insurance landscape.

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