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E-Business

Mimecast to Present the Latest Email-borne Cyber Attacks at GITEX

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Mimecast Limited, a leading email and data security company, announced that it is participating in GITEX Technology Week 2017 which will be held at the Dubai World Trade Centre from October 8-12.

The company will discuss how organizations can build a comprehensive cyber resilience strategy for email.

Experts will also perform a live email hack, and will demonstrate how organizations can protect themselves against advanced cyberattacks, like spear-phishing and impersonation fraud with Mimecast’s range of services.

“Striving to implement a comprehensive cyber resilience strategy is a paradigm shift in cybersecurity, where organizations are focusing not just on combating attacks but on ensuring continuity during an attack and fast recovery after a threat is neutralized,” said Brandon Bekker, managing director at Mimecast MEA.

“According to a recent survey Mimecast commissioned from Vanson Bourne, only 30% of respondents say they have adopted a complete cyber resilience strategy, with about one-third still in the early stages of development or planning. This low rate of adoption – and ultimately, preparedness – has consequences: 64% think they will suffer a negative business impact from cybercriminal activity this year. To achieve a comprehensive cyber resilience strategy, organizations need to first assess the actual capabilities of their current email security service.”

“Email continues to remain the attack vector for delivering security threats such as ransomware, impersonation, and malicious files or links. More than 90% of cyberattacks start in email and while email itself is seldom the end goal for the attackers, over 70% of these attacks lead to other systems in the network. These email attacks predominantly feature techniques such as spear-phishing, ransomware and impersonation of key employees,” Mr. Bekker added.

The recent Mimecast Email Security Risk Assessment (ESRA) report revealed that the number of impersonation attacks detected during the quarter rose more than 400% last quarter, while the most recent ESRA revealed that when the data was sliced by incumbent email security vendor it was found that even some of the top email cloud players were missing commonly found advanced security threats, highlighting the need for a multi-layered approach to email security.

Using GITEX 2017 as a platform, Mimecast will highlight how its cloud-based email security services and capabilities of Targeted Threat Protection including Internal Email Protect, a cloud-based security service providing threat capabilities for internally generated email, helps reduce the risk, complexity and costs traditionally associated with protecting email.

Mimecast’s security experts will discuss the top email attack strategies being used by cybercriminals and demonstrate how they work by performing a series of live hacks for visitors at the stand throughout the duration of the 5-day event.

“At GITEX 2017, we plan to make visitors aware of the top cyberattack techniques being adopted by cybercriminals and demonstrate how to defend against these attacks and human errors. Organizations struggle with being consistent with the security training offered to employees, if it is done at all. We will help educate both existing and potential customers that conditioning employees to recognize phishing email is critical to reaching the end goal of identifying and reporting attacks to security teams to minimize business impact,” Mr.  Bekker added.

Mimecast is exhibiting at Stand D1-42 in Hall 1. Senior global executives and security experts from the company will be available to meet with customers and partners and share their global experiences, expertise and successes with them.


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E-Business

Amazon CEO Says AI will Reduce Number of Workers Needed

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Amazon’s management on Wednesday said that it expects that artificial intelligence software will reduce the number of office workers at the world’s largest online retailer.

Amazon CEO Says AI will Reduce Number of Workers Needed

Andy Jassy, chief executive, Amazon

“We will need fewer people doing some of the jobs that are being done today and more people doing other types of jobs,” Andy Jassy, chief executive, Amazon  wrote in an email to employees.

He said it was difficult to predict how the overall workforce will evolve, but in the next few years, it is expected that AI efficiency gains will lead to a reduction in the number of office workers.

According to earlier reports, Amazon employed around 1.5 million people worldwide, with approximately 350,000 office employees in various roles.

The Wall Street Journal reported that the company does not anticipate further large-scale layoffs, as seen in 2022 and 2023, in the near future.

Instead, it expects that vacant positions will not be refilled.

However, layoffs are not ruled out, according to sources familiar with the matter.

“Amazon is focusing on so-called AI agents, software capable of independently performing tasks. These agents could, for example, summarise information from the web and data sources, write software, translate languages and automate many time-consuming tasks,” Mr Jassy explained.

“Agents will be teammates that we can call on at various stages of our work,” he added, urging employees to experiment with AI whenever possible.

The impact of AI on the job market has been a concern for many years.

Recently, Spotify, the leader in music streaming, announced that teams requesting additional staff would first need to prove that AI could not perform the tasks.

The creators of the language-learning app Duolingo plan to gradually replace external workers with AI.

 

 

 

 


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BPP Partners NDPC to Strengthen Data Protection

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Dr Adebowale Adedokun, director-general, Bureau of Public Procurement (BPP), has reaffirmed the bureau’s commitment to data protection in Nigeria.

BPP Partners NDPC to Strengthen Data Protection

He disclosed this in a statement at the weekend by Zira Nagga, head of Public Relations, BPP, following a courtesy visit by a delegation from the National Data Protection Commission (NDPC).

Adedokun stressed that data protection is vital to Nigeria’s economy and development, particularly in areas such as demography, health, education, and other key sectors.

He emphasised that no country should leave its data unprotected, as it plays a crucial role in future planning and national development.

“Data governs the world. It is essential to technological progress and must be protected for a country or business to be taken seriously,” he said.

Adedokun described the visit, aimed at fostering partnership on data policy implementation and protection, as timely and aligned with national goals.

He said the BPP would collaborate closely with the NDPC to boost data development, capacity building, and enhance the procurement system.

“The BPP will support compliance as part of the ‘Nigeria First’ Policy, although it is not a core procurement eligibility requirement,” he explained.

He suggested a hybrid training model to help build strong capacity in data protection, privacy awareness, and policy understanding.

According to him, a dynamic training approach will reduce logistics costs and improve public confidence in data safety and privacy.

Dr Vincent Olatunji, CEO, and national commissioner, NDPC, praised Adedokun and the BPP for supporting data protection initiatives.

He said the partnership supports President Bola Tinubu’s vision and will strengthen data privacy across Ministries, Departments, and Agencies (MDAs).

“The collaboration will create awareness and train BPP staff to ensure a firm grasp of data protection principles and policies,” he stated.

Olatunji said the NDPC would establish a working group to finalise a Memorandum of Understanding beneficial to both institutions.

He added that President Tinubu signed the NDPC into law on 12 June 2023 to uphold citizens’ rights and protect national and business data.

Olatunji also noted that strict legal measures were in place to enforce data protection and ensure full compliance nationwide.

Both agencies agreed to form a team to sign the MoU and focus on capacity building and data management in procurement and beyond.

 

 


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FG Mulls Fibre Optic Layout to Bridge Internet Gaps

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President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.

FG Mulls Fibre Optic Layout to Bridge Internet Gaps

His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.

He said the fibre optic layout is part of other projects being embarked on.

“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.

“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.

He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.

In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.

The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.

Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.

It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.


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