E-Business
Africa the Most Targeted Region as Cyberattacks Increased by 50% in 2021
Last year, the number of cyberattacks recorded was record-breaking, with a 50% increase in overall attacks per week on corporate networks compared to 2020.
In fact, in 2021, the world witnessed one of the most serious vulnerabilities on the internet, with millions of attacks per hour attempting to exploit the Log4J vulnerability in what’s been dubbed a cyberattack pandemic.
In October, Check Point Research reported a 40% increase in cyberattacks, with one out of every 61 organisations worldwide impacted by ransomware each week. By Q4, the upwards global trend continued, as the graph below shows, reaching an all-time peak by December, with 925 cyberattacks reported per organisation every week.
Africa most targeted region
Africa experienced the highest volume of attacks in 2021 across five surveyed regions, as the graph below highlights. Across the continent, an organisation had to contend with an average of 1 582 cyberattacks per week, which is a 13% increase from 2020.
The APAC region suffered the second-highest volume of cyberattacks last year, with an average of 1 353 weekly attacks per organisation, followed by Latin America with 1 118 weekly attacks per organisation. The final two regions of Europe and North America recorded the least cybercrime with 670 and 503 weekly attacks per organisation respectively.
Education and research most impacted sector
Seeing a 75% increase in attacks compared to 2020, the education/research sector experienced the highest volume of cybercrime last year with an average of 1 605 attacks per organisation each week. Out of the 16 sectors surveyed per the graph below, government/military was the second most targeted, followed by communications, seeing a 47% and 51% increase respectively in weekly attacks per organisation in these sectors.
6 strategies to boost cybersecurity in 2022
The increase recorded last year in Gen V attacks – a combination of a wide breadth of threats, large scale attacks, and a broad attack surface – is alarming. Such attacks are the biggest challenge facing security practitioners, requiring effective measures to be put in place…
Prevent attacks before they happen: a security architecture that enables and facilitates a single, cohesive protection infrastructure is essential, which is what Check Point Infinity delivers. This type of architecture provides faster, more comprehensive protection than an infrastructure comprised of pieces that don’t work together.
Secure every attack surface and vector in your business: organisations need a single solution that provides broad cybersecurity coverage. This has become critical in today’s multi-hybrid environment where the perimeter is now everywhere. Email, web browsing, servers, and storage are merely the basics. Cybersecurity should protect these and much more.
Mobile apps, cloud and external storage are essential, so is compliance of connected mobile and endpoint devices, and your growing IoT-device estate. Workloads, containers, and serverless applications on multi- and hybrid-cloud environments should always be part of the security check list.
Apply security patches: cyberattacks penetrate networks by leveraging known vulnerabilities where a patch is available but has not been applied. Organisations must ensure up-to-date security patches are maintained across all systems and software.
Segment your networks: networks should be segmented, applying strong firewall and IPS safeguards between the network segments. This contains infections from propagating across the entire network.
Educate employees on cybersecurity: Quite often, user awareness can prevent an attack before it occurs. Take the time to educate your users and ensure that if they see something unusual, they report it to your security teams immediately. User education has always been a key element in avoiding malware infections.
Implement advanced security technologies: There isn’t a single silver-bullet technology that can protect organisations from all threats and all threat vectors. However, there are many great technologies and ideas available – machine learning, sandboxing, anomaly detection, content disarmament, and many more.
Each of these technologies can be highly effective in specific scenarios, covering specific file types or attack vectors. Two key components to consider are threat extraction (file sanitisation) and threat emulation (advanced sandboxing). Each element provides distinct protection, that when used together, offer a comprehensive solution for protection against unknown malware at the network level and directly on endpoint devices.
The statistics and data used in this report were detected by Check Point’s Threat Prevention technologies, stored and analysed in ThreatCloud. ThreatCloud provides real-time threat intelligence derived from hundreds of millions of sensors worldwide, over networks, endpoints, and mobiles.
ThreatCloud is the brain behind Check Point Software Technologies’ threat prevention power, combining big data threat intelligence with advanced AI technologies to provide accurate prevention to all Check Point Software Technologies customers.
E-Business
Kaspersky Contributes to Joint INTERPOL-AFRIPOL Operation Combating Cybercrime Across Africa
Kaspersky has recently assisted its partner law enforcement agencies INTERPOL and AFRIPOL in a joint effort to disrupt cybercrime across the African region.
Dubbed “Serengeti,” the operation has led to the arrest of more than 1,000 individuals suspected of links to cybercrimes such as ransomware operation and business email compromise (BEC) attacks, resulting in nearly US $193 million in financial losses worldwide.
As Africa is going through a rapid digitisation, the threat of cybercrime on the continent is also escalating. In the African region in general and West Africa in particular, ransomware emerges as one of the most prominent attack vectors, targeting critical infrastructure, financial institutions, and manufacturing facilities, among others.
During the first 10 months of 2024, ransomware detections in West Africa surged by 36% year-on-year, according to Kaspersky data. Other noticeable cyberthreats targeting users and organisations in the region include spyware and password stealers.
Conducted from September 2 to October 31, operation Serengeti dismantled 134,089 malicious infrastructures and networks linked to cybercrimes including ransomware operations, BEC attacks, digital extortion and online scams — all identified as prominent threats in INTERPOL’s 2024 Africa Cyber Threat Assessment Report.
Kaspersky has contributed to the operation by sharing information on threat actors, data on ransomware attacks and malware targeting the region, as well as up-to-date indicators of compromise (IoCs) for malicious infrastructure across Africa.
Among the malware targeting African countries was also a well-known Brazilian banking trojan Grandoreiro – Kaspersky recently released new findings on this trojan at its Security Analyst Summit. Additionally, ransomware families detected in attacks on African organisations among others included LockBit, Rhysida, and Medusa.
The operation has also resulted in the identification of more than 35,000 victims of cyber offenses investigated.
Valdecy Urquiza, Secretary General of INTERPOL, said: “From multi-level marketing scams to credit card fraud on an industrial scale, the increasing volume and sophistication of cybercrime attacks is of serious concern.
Operation Serengeti shows what we can achieve by working together, and these arrests alone will save countless potential future victims from real personal and financial pain. We know that this is just the tip of the iceberg, which is why we will continue targeting these criminal groups worldwide.”
Ambassador Jalel Chelba, AFRIPOL’s Acting Executive Director said: “Through Serengeti, AFRIPOL has significantly enhanced support for law enforcement in African Union Member States. We’ve facilitated key arrests and deepened insights into cybercrime trends. Our focus now includes emerging threats like AI-driven malware and advanced attack techniques.”
“We are proud to contribute to this multi-stakeholder operation orchestrated by INTERPOL and AFRIPOL,” comments Yuliya Shlychkova, Vice President, Global Public Affairs, Kaspersky. “The emerging dynamics of the threat landscape in Africa requires a stronger regional dialogue on mitigating acute cybersecurity risks.
Kaspersky firmly supports INTERPOL’s and AFRIPOL’s efforts to prevent and disrupt cybercrime attacks across Africa and shares the holistic approach towards creating a more cyber-resilient environment within the continent.”
Thanks to the cooperation with INTERPOL and AFRIPOL, Kaspersky has been an active contributor to fostering a more cyber-savvy environment in the African region.
In addition to the vast record of joint operations in Africa, with the latest being INTERPOL-led operation Synergia II, Kaspersky has recently sealed a five-year cooperation agreement with AFRIPOL to further strengthen its role in creating a more cybersafe climate on the continent by sharing Kaspersky’s extensive data on local cyberthreats and cybercrime trends with the organisation.
E-Business
NITDA Alerts Nigerians on Cybersecurity Risks Linked to Spotify
National Information Technology Development Agency (NITDA) has issued a public alert warning Nigerians about a cybersecurity threat involving the use of Spotify to promote malicious activities.
The agency, in a public notice issued on Tuesday, disclosed that threat actors are exploiting the popular music streaming platform to advertise game hacks, pirated software, and spam links that could expose users to cyber threats.
According to NITDA, cybercriminals embed malicious promotions in playlist names and podcast descriptions on Spotify, explaining that these promotions are used to advertise game hacks for popular video games such as Fortnite, GTA, Apex, and Roblox. Additionally.
They also promote pirated software (commonly referred to as ‘cracks’), spam links, and other malicious sites.
This abuse is said to leverage Spotify’s web player results to improve the search engine visibility of these harmful websites, putting unsuspecting users at risk of malware, scams, and other cyber threats.
NITDA warned that the exploitation of Spotify could lead to exposure to scams and phishing attacks, downloading of malware that can compromise user devices and Loss of personal and financial data through interactions with malicious websites.
To manage the risks, NITDA advised users to exercise Caution with suspicious playlists and podcasts and avoid engaging with playlists or podcasts that feature unusual or suspicious text in their descriptions.
It also warned users not to click Unknown Links, and also ensure the Spotify app is updated to the latest version to minimise vulnerabilities.
The agency further advised Spotify users in Nigeria to remain vigilant and adhere to cybersecurity best practices to safeguard their personal information and devices.
According to the agency, the websites posing as OpenAI’s popular AI, ChatGPT, are tricking users into downloading malicious files or software to their devices.
E-Business
Konga Yakata’s Last Week: Don’t Miss Out on Incredible Deals
Excitement is reaching a fever pitch among shoppers as the Konga Yakata Black Friday shopping fiesta enters its final week. Shoppers nationwide are gearing up for a rain of last-minute deals and irresistible offers, with the promotion set to end on Saturday, November 30, 2024.
The month-long Konga Yakata campaign, which kicked off on Friday, November 1, has delivered an unparalleled shopping experience, treating customers to incredible discounts, engaging promos, and unbeatable incentives.
In addition to massive price cuts across a wide range of products, Konga has thrilled shoppers with exciting events such as Treasure Hunts, Flash Sales, Bargain Bash, Brand Days, and specialized Black Friday packages like the Budget Store, Under 50k Store, and TGIF Epic Drop.
The highlight of the Yakata 2024 season will be this year’s Black Friday, which takes place on Friday, November 29. Thousands of customers will be able to score exclusive discounts on items including electronics, clothes, home appliances, computers, and groceries.
Reflecting on the experience so far, a satisfied anonymous shopper who snagged a TV at a discounted rate said, “Konga Yakata has been nothing short of amazing this year. The discounts are unbelievable but true, and the convenience of shopping online is unmatched.
“I’ve already made several purchases, and I’m excited to see what other deals are in store for the final week.”
Konga’s Black Friday sale has been a boon for consumers, offering respite from the economic challenges many Nigerians face. By providing access to affordable products and services, Konga has empowered shoppers to make the most of their money.
Despite the prevailing economic challenges, shoppers have embraced the Yakata season, targeting high-value deals and leveraging Konga’s tailored offerings to make significant savings. With the countdown underway, the excitement is expected to hit its peak on Friday as customers traditionally wait for that day to grab the most exclusive deals.
Speaking on the heightened anticipation, Kunle Ajani, Group Head of Marketing at Konga, stated, “We’re thrilled with the overwhelming response to Konga Yakata this year, and we’re committed to ensuring the final week delivers the biggest surprises yet.
“We are proud to offer a platform where shoppers can enjoy exceptional value, despite the economic realities.”
As the curtain closes on the 2024 Yakata season, shoppers can look forward to a flurry of last-minute deals, culminating at midnight on November 30. From tech enthusiasts to lovers of electronics and deal hunters, Konga Yakata continues to redefine the shopping experience, making it a season to remember for all Nigerians.
Take advantage of the final week of Konga Yakata. Visit Konga.com and experience the thrill of shopping at unbeatable prices.
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