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That Nigerian Prince Has Evolved His Game ![Clock Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-clock.svg) 2 min read * ![Profile Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-profile-grey.svg) By: * [Simon Conant](https://unit42.paloaltonetworks.com/author/simon-conant/) * [Peter Renals](https://unit42.paloaltonetworks.com/author/peter-renals/) * ![Published Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-calendar-grey.svg) Published:November 3, 2016 * ![Tags Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-category.svg) Categories: * [Cybercrime](https://unit42.paloaltonetworks.com/category/cybercrime/) * [Trend Reports](https://unit42.paloaltonetworks.com/category/trend-reports/) * ![Tags Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-tags-grey.svg) Tags: * [Nigerian Prince](https://unit42.paloaltonetworks.com/tag/nigerian-prince/) * [SilverTerrier](https://unit42.paloaltonetworks.com/tag/silverterrier/) * [Syndicate Orion](https://unit42.paloaltonetworks.com/tag/syndicate-orion/) * [![Download Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-download.svg)](https://unit42.paloaltonetworks.com/unit42-nigerian-prince-evolved-game/?pdf=download&lg=en&_wpnonce=1628116e08 "Click here to download") * [![Print Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-print.svg)](https://unit42.paloaltonetworks.com/unit42-nigerian-prince-evolved-game/?pdf=print&lg=en&_wpnonce=1628116e08 "Click here to print") Share![Down arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/down-arrow.svg) * ![Link Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-share-link.svg) * [![Link Email](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-sms.svg)](mailto:?subject=That%20Nigerian%20Prince%20Has%20Evolved%20His%20Game&body=Check%20out%20this%20article%20https%3A%2F%2Funit42.paloaltonetworks.com%2Funit42-nigerian-prince-evolved-game%2F "Share in email") * [![Facebook Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-fb-share.svg)](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Funit42.paloaltonetworks.com%2Funit42-nigerian-prince-evolved-game%2F "Share in Facebook") * [![LinkedIn Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-linkedin-share.svg)](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Funit42.paloaltonetworks.com%2Funit42-nigerian-prince-evolved-game%2F&title=That%20Nigerian%20Prince%20Has%20Evolved%20His%20Game "Share in LinkedIn") * [![Twitter Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-twitter-share.svg)](https://twitter.com/intent/tweet?url=https%3A%2F%2Funit42.paloaltonetworks.com%2Funit42-nigerian-prince-evolved-game%2F&text=That%20Nigerian%20Prince%20Has%20Evolved%20His%20Game "Share in Twitter") * [![Reddit Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-reddit-share.svg)](https://www.paloaltonetworks.com//www.reddit.com/submit?url=https%3A%2F%2Funit42.paloaltonetworks.com%2Funit42-nigerian-prince-evolved-game%2F&ts=markdown "Share in Reddit") * [![Mastodon Icon](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-mastodon-share.svg)](https://mastodon.social/share?text=That%20Nigerian%20Prince%20Has%20Evolved%20His%20Game%20https%3A%2F%2Funit42.paloaltonetworks.com%2Funit42-nigerian-prince-evolved-game%2F "Share in Mastodon") Today Unit 42 published its latest paper focused on Nigerian cybercrime. Applying advanced analytics to a dataset of 8,400 malware samples resulted in the attribution of over 500 domains supporting malware activity linked to roughly 100 unique actors or groups. The breadth and depth of this research has enabled a modern, comprehensive assessment focused on the collective threat rather than individual actors. As a whole we have observed that Nigerian actors have graduated from their traditional 419-style email scams. Malware attacks have grown steadily over the past two years from fewer than 100 attacks in July 2014 to their current rate of 5,000--8,000 per month. These attacks are largely victim-agnostic, spanning all major industry verticals and focusing more on businesses than individuals. Having learned how to successfully employ commodity malware tools with precision, these actors have seen lucrative returns ranging from tens of thousands up to millions of dollars from victim organizations in the past year alone. Given our findings, we believe that historical assessments concerning this threat warrant reassessment as these actors have now demonstrated that they pose a formidable threat to businesses and government organizations worldwide. The paper we released today details the history of Nigerian cybercrime, the tactics being employed, and unique insights into how the threat has matured in size, scope, complexity and technical competence over the past two years. Additionally, it provides a detailed look at the following: **Actor Profiles** Attribution of these actors revealed that, first and foremost, they are educated. Many have attended secondary schools and hold undergraduate degrees in technical fields. These actors range in age from late teenage years to their mid-40s, representing a wide range of generations. This results in a combination of older actors who were successful with traditional 419 scams and social engineering, working with younger actors who bring an understanding of malware to the table. More importantly, these actors are becoming organized, using social media to communicate, coordinate and share tools and techniques. **Financial Losses** The losses inflicted by these actors have significant impacts to businesses worldwide. In 2015, an annual report released by the FBI's Internet Cyber Crime Center identified 30,855 victims of traditional 419/Overpayment scams resulting in losses in excess of $49 million. While that number is substantial, on August 1, 2016, Interpol announced the arrest of a Nigerian actor believed to be responsible for worldwide losses in excess of $60 million with over $15.4 million originating from just one victim organization. **Techniques** Business Email Compromise (BEC) and Business Email Spoofing (BES) are two techniques that have recently gained popularity among these actors. To support these techniques, domains designed to impersonate legitimate organizations, "crypters" used to disguise commodity malware, and other methods are employed to gain a foothold within a victim network. Once inside, social engineering is used to fool victims into authorizing electronic bank transfers. Download your copy of "[SilverTerrier: The Next Evolution in Nigerian Cybercrime](https://www.paloaltonetworks.com/content/dam/pan/en_US/assets/pdf/reports/Unit_42/silverterrier-next-evolution-in-nigerian-cybercrime.pdf)" to learn more about this threat. Back to top ### Tags * [Nigerian Prince](https://unit42.paloaltonetworks.com/tag/nigerian-prince/ "Nigerian Prince") * [SilverTerrier](https://unit42.paloaltonetworks.com/tag/silverterrier/ "SilverTerrier") * [Syndicate Orion](https://unit42.paloaltonetworks.com/tag/syndicate-orion/ "Syndicate Orion") [Threat Research Center](https://unit42.paloaltonetworks.com "Threat Research") [Next: PSA: Conference Invite used as a Lure by Operation Lotus Blossom Actors](https://unit42.paloaltonetworks.com/unit42-psa-conference-invite-used-lure-operation-lotus-blossom-actors/ "PSA: Conference Invite used as a Lure by Operation Lotus Blossom Actors") ### Related Articles * [Operation Delilah: Unit 42 Helps INTERPOL Identify Nigerian Business Email Compromise Actor](https://unit42.paloaltonetworks.com/operation-delilah-business-email-compromise-actor/ "article - table of contents") * [Operation Falcon II: Unit 42 Helps INTERPOL Identify Nigerian Business Email Compromise Ring Members](https://unit42.paloaltonetworks.com/operation-falcon-ii-silverterrier-nigerian-bec/ "article - table of contents") * [SilverTerrier -- Nigerian Business Email Compromise](https://unit42.paloaltonetworks.com/silverterrier-nigerian-business-email-compromise/ "article - table of contents") ## Related Cybercrime Resources ![Pictorial representation of Russian global webmail espionage campaign. A digital illustration of a world map in a network style, highlighting continents with glowing lines and connectivity points in a red and blue theme.](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/07/06_Nation-State-cyberattacks_1920x900-1-786x368.jpg) [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2024/06/icon-threat-research.svg)Threat Research](https://unit42.paloaltonetworks.com/category/threat-research/) July 23, 2026 [#### Russian Global Webmail Espionage](https://unit42.paloaltonetworks.com/russian-webmail-espionage/) * [CL-STA-1114](https://unit42.paloaltonetworks.com/tag/cl-sta-1114/ "CL-STA-1114") * [JavaScript](https://unit42.paloaltonetworks.com/tag/javascript/ "JavaScript") * [Javascript injection](https://unit42.paloaltonetworks.com/tag/javascript-injection/ "javascript injection") [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/russian-webmail-espionage/ "Russian Global Webmail Espionage") ![Pictorial representation of a woman standing in a server room holding a laptop that projects a digital code overlay.](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/05/06_Security-Technology_Category_1920x900-786x368.jpg) [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2025/08/Insights-icon-white.svg)Insights](https://unit42.paloaltonetworks.com/category/insights/) May 28, 2026 [#### 2026 World Cup: Discussing The World's Biggest Game's Attack Surface](https://unit42.paloaltonetworks.com/fifa-world-cup-attack-surface/) * [Fiddling Scorpius](https://unit42.paloaltonetworks.com/tag/fiddling-scorpius/ "Fiddling Scorpius") * [Fighting Ursa](https://unit42.paloaltonetworks.com/tag/fighting-ursa/ "Fighting Ursa") * [Muddled Libra](https://unit42.paloaltonetworks.com/tag/muddled-libra/ "Muddled Libra") [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/fifa-world-cup-attack-surface/ "2026 World Cup: Discussing The World’s Biggest Game’s Attack Surface") ![Pictoral representation of a man holding a cellphone with a bokeh skyline in the background.](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/05/05_Listicle_Category_1505x922-718x440.jpg) [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2025/08/Insights-icon-white.svg)Insights](https://unit42.paloaltonetworks.com/category/insights/) May 27, 2026 [#### Out of the Crypt: The Evolving Cyber Extortion Economy](https://unit42.paloaltonetworks.com/cyber-extortion-economy/) * [Bling Libra](https://unit42.paloaltonetworks.com/tag/bling-libra/ "Bling Libra") * [Extortion](https://unit42.paloaltonetworks.com/tag/extortion/ "Extortion") * [Frontier AI](https://unit42.paloaltonetworks.com/tag/frontier-ai/ "Frontier AI") [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/cyber-extortion-economy/ "Out of the Crypt: The Evolving Cyber Extortion Economy") ![Pictorial representation of the APT Boggy Serpens. An illustrated blue snake is highlighted by a red circle against a night sky. The constellation serpens.](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/03/Boggy-Serpens-1920x900-1-786x368.png) [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2024/06/icon-threat-research.svg)Threat Research](https://unit42.paloaltonetworks.com/category/threat-research/) March 16, 2026 [#### Boggy Serpens Threat Assessment](https://unit42.paloaltonetworks.com/boggy-serpens-threat-assessment/) * [Advanced Persistent Threat](https://unit42.paloaltonetworks.com/tag/advanced-persistent-threat/ "Advanced Persistent Threat") * [Boggy Serpens](https://unit42.paloaltonetworks.com/tag/boggy-serpens/ "Boggy Serpens") * [C2](https://unit42.paloaltonetworks.com/tag/c2/ "C2") [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/boggy-serpens-threat-assessment/ "Boggy Serpens Threat Assessment") ![Pictorial representation of Muddled Libra, aka Scattered Spider. A vibrant illustration of the Libra zodiac sign, featuring a stylized balance scale overlaid with a prominent Libra symbol. The background is a starry night sky with shades of purple and blue, suggesting a cosmic theme.](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/02/03-1-Muddle-Libra-1920x900-1-786x368.png) [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2024/07/threat-actor-groups.svg)Threat Actor Groups](https://unit42.paloaltonetworks.com/category/threat-actor-groups/) February 10, 2026 [#### A Peek Into Muddled Libra's Operational Playbook](https://unit42.paloaltonetworks.com/muddled-libra-ops-playbook/) * [Muddled Libra](https://unit42.paloaltonetworks.com/tag/muddled-libra/ "Muddled Libra") * [PowerShell](https://unit42.paloaltonetworks.com/tag/powershell/ "PowerShell") * [Scattered Spider](https://unit42.paloaltonetworks.com/tag/scattered-spider/ "Scattered Spider") [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/muddled-libra-ops-playbook/ "A Peek Into Muddled Libra’s Operational Playbook") ![Pictorial representation of a group of individuals discussing an idea with a whiteboard.](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/02/02_Listicle_Overview_1920x900-786x368.jpg) [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2025/08/Insights-icon-white.svg)Insights](https://unit42.paloaltonetworks.com/category/insights/) February 3, 2026 [#### Why Smart People Fall For Phishing Attacks](https://unit42.paloaltonetworks.com/psychology-of-phishing/) * [AI](https://unit42.paloaltonetworks.com/tag/ai/ "AI") * [Phishing](https://unit42.paloaltonetworks.com/tag/phishing/ "phishing") [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/psychology-of-phishing/ "Why Smart People Fall For Phishing Attacks") ![Pictorial representation of threat groups from Russia. The silhouette of a bear and the Ursa constellation inside an orange abstract planet. Abstract, stylized cosmic setting with vibrant blue and purple shapes, representing space and distant planetary bodies.](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/01/Ursa-Russia-B-1920x900-1-786x368.png) [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2025/08/Insights-icon-white.svg)Insights](https://unit42.paloaltonetworks.com/category/insights/) January 29, 2026 [#### Understanding the Russian Cyberthreat to the 2026 Winter Olympics](https://unit42.paloaltonetworks.com/russian-cyberthreat-2026-winter-olympics/) * [AI](https://unit42.paloaltonetworks.com/tag/ai/ "AI") * [IoT](https://unit42.paloaltonetworks.com/tag/iot/ "IoT") * [Russia](https://unit42.paloaltonetworks.com/tag/russia/ "Russia") [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/russian-cyberthreat-2026-winter-olympics/ "Understanding the Russian Cyberthreat to the 2026 Winter Olympics") ![Pictorial representation of 01flip ransomware written in Rust. Digital artwork of a pixelated U.S. dollar bill disintegrating into small blocks against a blue data matrix background.](https://unit42.paloaltonetworks.com/wp-content/uploads/2025/12/05_Ransomware_Category_1920x900-786x368.jpg) [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2024/06/icon-threat-research.svg)Threat Research](https://unit42.paloaltonetworks.com/category/threat-research/) December 10, 2025 [#### 01flip: Multi-Platform Ransomware Written in Rust](https://unit42.paloaltonetworks.com/new-ransomware-01flip-written-in-rust/) * [Bitcoin](https://unit42.paloaltonetworks.com/tag/bitcoin/ "Bitcoin") * [CL-CRI-103](https://unit42.paloaltonetworks.com/tag/cl-cri-103/ "CL-CRI-103") * [Cryptocurrency](https://unit42.paloaltonetworks.com/tag/cryptocurrency/ "Cryptocurrency") [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/new-ransomware-01flip-written-in-rust/ "01flip: Multi-Platform Ransomware Written in Rust") ![Pictorial representation of malicious LLMs. Close-up view of a digital wall displaying various glowing icons, representing a high-tech network interface.](https://unit42.paloaltonetworks.com/wp-content/uploads/2025/11/AdobeStock_1270203474-786x440.jpeg) [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2024/06/icon-threat-research.svg)Threat Research](https://unit42.paloaltonetworks.com/category/threat-research/) November 25, 2025 [#### The Dual-Use Dilemma of AI: Malicious LLMs](https://unit42.paloaltonetworks.com/dilemma-of-ai-malicious-llms/) * [Credential Harvesting](https://unit42.paloaltonetworks.com/tag/credential-harvesting/ "Credential Harvesting") * [Data exfiltration](https://unit42.paloaltonetworks.com/tag/data-exfiltration/ "data exfiltration") * [LLM](https://unit42.paloaltonetworks.com/tag/llm/ "LLM") [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/dilemma-of-ai-malicious-llms/ "The Dual-Use Dilemma of AI: Malicious LLMs") ![Pictorial representation of Gh0st RAT malware. A woman analyzes code on a computer screen in an office setting, with another individual working in the background.](https://unit42.paloaltonetworks.com/wp-content/uploads/2025/11/04_Security-Technology_Category_1505x922-718x440.jpg) [![category icon](https://unit42.paloaltonetworks.com/wp-content/uploads/2024/06/icon-threat-research.svg)Threat Research](https://unit42.paloaltonetworks.com/category/threat-research/) November 14, 2025 [#### Digital Doppelgangers: Anatomy of Evolving Impersonation Campaigns Distributing Gh0st RAT](https://unit42.paloaltonetworks.com/impersonation-campaigns-deliver-gh0st-rat/) * [DLL Sideloading](https://unit42.paloaltonetworks.com/tag/dll-sideloading/ "DLL Sideloading") * [Gh0st Rat](https://unit42.paloaltonetworks.com/tag/gh0st-rat/ "Gh0st Rat") * [PDNS](https://unit42.paloaltonetworks.com/tag/pdns/ "PDNS") [Read now ![Right arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/icon-right-arrow-withtail.svg)](https://unit42.paloaltonetworks.com/impersonation-campaigns-deliver-gh0st-rat/ "Digital Doppelgangers: Anatomy of Evolving Impersonation Campaigns Distributing Gh0st RAT") * ![Slider arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/slider-arrow-left.svg) * ![Slider arrow](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/slider-arrow-left.svg) ![Close button](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/icons/close-modal.svg) ![Enlarged Image]() ![Newsletter](https://unit42.paloaltonetworks.com/wp-content/uploads/2026/03/unit42-footer-subscribe-desktop.png) ![UNIT 42 Small Logo](https://unit42.paloaltonetworks.com/wp-content/themes/unit42-v6/dist/images/palo-alto-logo-small.svg) Get updates from Unit 42 ## Peace of mind comes from staying ahead of threats. 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