cyber attacks
Remote Working Leads to 78% Increase in Cyberattacks Worldwide
Even though social media platforms are flooded with news of companies proudly presenting the fact that they are permanently shifting to a remote-work environment, they usually do not mention the fact that the pivot has created major issues for their security. Unpatched personal devices, erratic employee behaviour, and inadequately protected home networks create many loopholes for threat actors to exploit. What the Stats Say Carbon Black, a company that provides workload protection services surveyed 3,542 CIOs, CTOs, and CISOs to find out if WFH (work from home) resulted in an increase in cyberattacks. Respondents were from various industries and 14 different countries. The survey was published in June 2021. The study shows that a whopping 96% of enterprises in France saw a significant incr...
4 Simple Steps Your Company Can Take to Protect ERP Systems from Cyber-Threats
Image sourced from Software ONE. Cybercrime taps into the vulnerability of business systems and can pose a real threat to a robust supply chain. A sophisticated ransomware attack recently targeted the world’s largest meat processor. Following the business system breach, operations in the US and Australia were disrupted, resulting in a knock-on effect. The meat processor had no option but to shut down nine beef plants in the United States and several plants in Australia. Several truck drivers who specialize in hauling livestock also had no choice but to drive hundreds of miles to pick up cattle from an alternative supplier. For the end-consumer, the long-term impact of the cyber-attack could mean inflated meat prices. Unfortunately, this is not the only instance of a cyber-attack on critica...
UK: Some countries are using coronavirus vaccines as a geopolitical tool
British foreign minister Dominic Raab said on Friday there was no doubt some countries were using vaccines as a diplomatic tool to secure influence but Britain did not support so-called vaccine diplomacy. Raab was speaking to Reuters on the sidelines of a G7 summit in Cornwall, southwestern England, that was likely to be dominated by the West’s attempts to reassert its influence as the world looks to rebuild from the COVID-19 pandemic. Western diplomats fear Russia and China are using their vaccines to gain influence across the world, especially in poorer countries that do not have their own production or the means to buy shots on the international market. Asked whether he was concerned that China and Russia could use vaccines in exchange for influence, Raab said: “There’s no doubt there’s...
Cybersecurity and Data Protection Laws Urgently Needed Across Africa
The pandemic has driven home the high value of personal data to the global economy, while also highlighting its vulnerability to abuse and attack. In response, governments around the world have been reviewing their data privacy and protection laws and regulations, including in South Africa and Ghana. Global cybersecurity firm Kaspersky recently noted that cyberattacks are set to rise in African countries, especially in the key financial centres of South Africa, Kenya and Nigeria. The cybersecurity firm noted that rapidly evolving digital techniques had led to an increased risk of Advanced Persistent Threats and hacking-for-hire events in Africa. South Africa In South Africa, the Cybercrimes and Cybersecurity Act was signed into law by South African President Cyril Ramaphosa in early June 2...
Why Cyber Attacks are Technology’s ‘Natural’ Disasters
Sourced from Forbes The SolarWinds attack was stunning in its scope and scale. If it were an earthquake, it would be 9.9 on the Richter scale. As digital transformation accelerates in 2021 and beyond—and applications accelerate as central enablers of business and all manner of digital life—cyberattacks have become technology’s natural disasters. Both have the power for profound devastation, threaten our sense of safety, and are (sadly) the reality of our world today. There is, however, one notable difference between a natural disaster and cybercrime. It is within our control to reduce the devastating impact of cybercrime. We can learn from the weaknesses the SolarWinds attack exposed and use this event as a catalyst for behaviour changes that will materially reduce the impact of future att...
Opportunities & Risks From the 4th Industrial Revolution in Africa
Sourced from Shutterstock. Insurance provider and risk mitigator Aoncyber has published a new report titled “Cyber Risks in Africa.” The report focuses on the 4th Industrial Revolution (4IR) which is ushering in a new economy and a new form of globalisation, both of which demand new forms of governance to safeguard the public good. This new chapter in human development is enabled by extraordinary technological advancements, and along with this progress comes inherent risks. African states need to equip themselves better when it comes to cyber resilience in order to actively participate in the global economy, by effectively managing and mitigating the effects of data breaches and cybercrime on their economy and citizens. The 4th Industrial Revolution brings many opportunities, as well as in...
Cybercrime has Increased by 33%, Report Shows
The 100 Days of Coronavirus report – published by Mimecast – shows that the volume of malicious and opportunistic cybercrime has increased significantly by 33% in the period January to March 2020. The new report has found that in the period January to March 2020 monthly volumes of: Spam and opportunistic cybercrime detections increased by 26.3%, Impersonation fraud detections increased by 30.3%, Malware detections increased by 35.16%, and Blocking of URL clicks increased by 55.8%, meaning people are more likely now to click on unsafe links than before the outbreak. Over the months of February and March, as South Africa reported its first case and moved swiftly into lockdown, the Threat Intelligence Team saw dramatic increases in cyberattacks in Sub-Saharan Africa. Carl Wearn, Head of E-Cri...
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