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Sourced from International IDEA The Hiscox Cyber Readiness Report 2021 provided some concerning statistics and facts about the impact of cyber-crime. It is a game, and it is one that Hiscox fundamentally believes no business should leave to chance. Multiple threat vectors and variable threat actors, and, perhaps most worrying – repeated attacks on companies by cyber-crime pose a serious risk to organisations small and large alike. One-in-six of all firms attacked this year (17%) said the impact was serious enough to ‘materially threaten the solvency or viability of the company’. According to Anna Collard, SVP Content Strategy & Evangelist at KnowBe4 AFRICA, the report underscores the immense challenge that organisations face when it comes to securing the business and the people within ...
Sourced from the Guardian Nigeria. While organisations across West Africa work to recover from the economic impact of the pandemic, the global cybercrime industry is going into overdrive. An increasingly sophisticated cybercrime industry is launching a range of attacks aimed at organisations and critical infrastructure. Such attacks are growing in volume and sophistication, putting our collective economic recovery at risk at a time when organisations invest more heavily in digital technologies. Global attacks on Internet of Things (IoT) devices, for example, have risen 300% in 2019 alone, and cost organisations untold amounts of revenue and disruption to their business operations. One study found that the average cost of cybercrime is $13-million per successful attack, a huge 72% increase ...
Image sourced from Finance Times. While blended cybersecurity threats are not new, they are fairly sophisticated and multi-staged in nature, meaning that they are difficult to protect against and can pose a considerable threat to organisations’ IT environments. A blended threat typically uses and exploits multiple vulnerabilities in an attack chain, says Brian Pinnock, Senior Director of Sales Engineering (EMEA) at Mimecast, adding that the severity of a blended threat will depend on the specific vulnerabilities that are targeted. “For example, a threat actor or cybercriminal will launch a phishing campaign against an organisation by sending emails with infected links that redirect to malicious websites. When a user clicks on these links, they could download a piece of malware like a Troja...