Small businesses are the backbone of every growing economy, bringing growth and innovation to the communities in which they are established. However, these businesses are often vulnerable when conforming to the new standards of remote work. Today, one of the greatest threats to small businesses is a cyberattack. According to the Wall Street Journal, companies with less than $10 million in annual revenue are less likely to be prepared for cyberattacks. Fireeye also reports that while 77% of all cybercrimes are directed toward small businesses, only 42% of small business owners are concerned with cyber security. The National Small Business Association reports that as many as 60% of small businesses will fail within six months of experiencing a significant cyber breach. These findings clearly...
Emmanuel Ikazoboh, newly appointed Board Chairman for Tizeti. Tizeti Network Limited, a West African solar-based internet service provider has today, announced the appointment of Emmanuel Ikazoboh as its Board Chairman. Emmanuel Ikazoboh is the immediate former Group Chairman of Ecobank Transnational Incorporated (ETI), Chairman of ARM Pensions Managers Limited (Pensions Fund Administrators), and is the International Vice Chairman at International Institute for Sustainable Development, Canada. He is an independent/Non-Executive Director for Nampak Packaging Limited South Africa and Dangote Cement Plc. He was appointed Administrator of The Nigerian Stock Exchange and helped transform the Nigerian Stock Exchange as well as the Central Securities Clearing System (CSCS), and was responsible fo...
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Image sourced from Packetlabs. Russia’s war on Ukraine and its increasingly isolated internet environment could drive Russian cybercriminals to think outside the box and launch new forms of cyber attacks. This is according to Nclose’s Co-Founder & Technical Director, Martin Potgieter, who says speculation and concern is mounting around the world, over what Russia’s cyber crime syndicates’ next moves will be. “Currently, the cybercrime focus appears to be predominantly between Russia and Ukraine cybercrime groups and governments. While this is strictly speaking cyber warfare, it could quickly spread elsewhere. “What we are seeing is that a few of these cybercrime groups are either taking sides or imploding amongst themselves due to their Eastern European links with one another,” says Po...
Image sourced from Alpine Security. Sophos, a global leader in next-generation cybersecurity, has published a new sectoral survey report, “The State of Ransomware in Healthcare 2022.” The findings reveal a 94% increase in ransomware attacks on the organizations surveyed in this sector. In 2021, 66% of healthcare organizations were hit; 34% were hit the previous year. The silver lining, however, is that healthcare organizations are getting better at dealing with the aftermath of ransomware attacks, according to the survey data. The report shows that 99% of those healthcare organizations hit by ransomware got at least some their data back after cybercriminals encrypted it during the attacks. Additional ransomware findings for the healthcare sector include: Healthcare organizations had the se...