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Sophos Releases 2017 Malware Trends, Prediction

Published

6 years ago

December 7, 2017

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By peter oluka

From online gaming, to mobile apps and wearable tech, technology is used at almost every touch point in people’s day-to-day lives. However, the downside of living in this hyper-connected society means that people are also extremely vulnerable to cyber-attacks.

This year’s Malware Report from Sophos reveals just how malware is being weaved into this everyday technology, and how, year on year, we are seeing cybercriminals become more intelligent in their attacks, making it increasingly important for consumers to be wary of the dangers out there.

Whilst many consumers may live in denial that an attack like this will ever affect them, Sophos’ research revealed the opposite. Harish Chib, VP MEA at Sophos, reviews the most prominent risks from 2017, and what we can expect in 2018.

The extent of ransomware attacks from 2017
How online gaming was used to catch consumers off-guard
The level of malicious Android apps detected this year
2018 thoughts and predictions

Sophos 2017 Malware trends and predictions

Ransomware is on every platform – don’t assume your mobile and tablets are safe

This year, WannaCry shook the world as the cyber hi-jack accounted for more than 45% of all ransomware tracked, closely followed by Cerber at 44.2%, according to Sophos’ most recent Malware Report.

In September alone, 30.4 percent of malicious Android malware processed by SophosLabs was ransomware. Sophos expects this to jump to approximately 45 percent in October. The majority of these attacks have targeted Windows users, but the number of attacks on other platforms is increasing, including those targeting Android, Macs and Linux.

Ransomware attacks have shifted in focus in the past two years, towards industries which are most likely to pay up, such as healthcare, government, critical infrastructure, and small businesses. Due to it being one of the most lucrative industries from ransomware payments or selling medical records, Healthcare has been a big target in 2017 and will without a doubt continue that way into 2018.

Malware is hiding in Android Apps

When reviewing Google Play, Sophos found that the number of different threats had doubled since last year. One type of malware, dubbed ‘GhostClicker’, sat in Google Play for almost a year, disguising itself as part of the service library. It then request device administration permission, and actively simulated click-on advertisements as it delivered to earn revenue.

One of the more sobering finds was Lipizzan, spyware that infected up to 100 devices. Although this doesn’t sound like a large number, it seems this was a targeted, precision malware, which was designed to monitor phone activity and extracting data from popular apps including email, SMS, location, and voice calls, and media.

Malware such as this is showing no sign of reducing in the future, as cyber criminals know it works. Therefore, in order to combat being a victim of Android malware, Sophos would suggest consumers:

Stick to Google Play – Although it isn’t perfect, it puts plenty of effort into preventing malware arriving in the first place
Avoid apps with a low reputation – Be especially wary of this when using a work phone
Patch early, patch often – Check the vendors attitude to updates

Online gaming is being used to spread Ransomware and Malware

In terms of online gaming, fake copies of the popular game, ‘King of Glory’ were used to spread ransomware this year. The warning screen used mimicked the one used during the WannaCry outbreak, directing individual to pay the ransom through the China-based Wechat, Alipay and QQ payment methods.

The number of malicious apps has risen steadily in the last four years, peaking at nearly 3.5 million in 2017, therefore we are likely to see this rise further in 2018, including more deceptive online gaming traps.

Data breaches– they are not going away

The downside of living in this hyper-connected society means that people are extremely vulnerable to cyber-attacks, as shown in the past few weeks with the Uber Hack, which affected 2.7 million riders and drivers. Sadly, we don’t see these data breaches diminishing in 2018, and with GDPR coming into effect in May it will only continue to be a hot topic and something we are continuing to see.

2018 and beyond

It’s impossible to predict what will happen in 2018, however it’s a fair bet that Android and Windows will continue to be heavily targeted with ransomware and other Malware. Email will also remain the primary attack vector threatening corporate cyber security, especially in the case of targeted attacks.

Four trends that stood out in 2017, and will likely dominate 2018 are:

A ransomware surge fueled by RaaS and amplified by the resurgence of worms;
An explosion of Android malware on Google Play and elsewhere;
Continued efforts to infect Mac computers; and
Ongoing Windows threats, fueled by do-it-yourself exploit kits that make it easy to target Microsoft Office vulnerabilities.

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Telcos Record N27Bn Loss from Damaged Fibre Cables

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1 day ago

April 22, 2024

Comms Week

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Repairs and revenue losses from damaged cables are estimated to have cost Nigeria’s telecom industry almost N27bn ($23m) in 2023, according to documents obtained by Bloomberg.

MTN Nigeria, the biggest wireless operator in Africa’s most-populous nation, and Airtel Africa Plc bore the brunt of the costs, the documents show.

MTN suffered more than 6,000 cuts on its fiber cable last year, the documents show.

On Feb. 28, a cut in its network in three different locations by a road construction firm, an oil serving company, and someone burning rubbish in a manhole meant customers faced more than five hours of data and voice outages.

The operator relocated 2,500 kilometers (1,553 miles) of vulnerable fiber cables between 2022 and 2023, at a cost of more than N11bn —enough to build 870 kilometers of new fiber lines in areas without coverage.

Broadband fibre optic cables form the backbone of modern communication infrastructure, enabling the high-speed data transmission that underpins a wide range of personal, business, and societal activities.

On several occasions, the Nigerian Communications Commission (NCC), the industry regulator, has acknowledged this challenge and expressed willingness to work on measures to address it.

These measures include stricter regulations to deter vandalism and improved collaboration between telcos and government agencies responsible for construction activities.

According to the NCC, the telecom sector will make up more than a fifth of the country’s gross domestic product by the end of 2027, up from 13.5 per cent in the third quarter of last year.

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NCAIR Relaunch: Pantami, Tijani Fight for Credit

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1 day ago

April 22, 2024

Comms Week

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Isa Pantami, former minister of Communications and Digital Economy, has voiced his discontent over the relaunch of the National Centre for Artificial Intelligence and Robotics (NCAIR) by Bosun Tijani, his successor.

Isa Pantami, former minister of Communications and Digital Economy,

Tijani announced the revitalization of NCAIR, highlighting enhancements in its capacity and partnerships with global tech firm Cisco.

However, Pantami took to social media to assert that NCAIR was already established during his tenure in November 2020, dubbing it “the first of its kind in Africa” and emphasizing its effectiveness in training numerous Nigerians.

Tijani responded by detailing the new initiatives accompanying the relaunch, including increased computing infrastructure, dedicated research labs, and remote connectivity for AI hubs across the country. He also unveiled outcomes from the Ministry’s National AI Workshop, such as the country’s first Multilingual Large Language Model and partnerships aimed at accelerating AI development projects of national significance.

The exchange between Pantami and Tijani underscores ongoing efforts to advance AI research and application in Nigeria while navigating questions of continuity and leadership transition within the Ministry.

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ABoICT Lecture 2024 to Focus on Artificial Intelligence (AI) In A Digital Economy

Published

2 days ago

April 22, 2024

Chike Onwuegbuchi

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This year’s Africa’s Beacon of ICT Merit and Leadership lecture will focus on the role of artificial intelligence in a digital economy with the theme: “Artificial Intelligence (AI): The Good, The Complex and The Anticipated”.

The lecture which will herald Africa’s Beacon of ICT Merit and Leadership Awards hold on May 25, 2024 at Four Points by Sheraton.

The sixteenth edition of the award ceremony according Ken Nwogbo, editor-in-chief of Nigeria CommunicationsWeek the organizers of the event, “is a special edition to recognize and celebrate organizations and individuals in the ICT industry that have been distinguished in delivery innovative services in the sector.

“Most of these organizations and individuals have consistently being voted by our readers as leaders in their areas of operations and we have decided to reward them in this especial edition”.

He added that, AI is considered to have the potential to instigate a fourth industrial revolution,1 and is dramatically changing people’s patterns of interaction and economic activities.

“The traditional factors of production and physical capital and labour may no longer promote substantial economic growth. It is generally believed that AI will be one of the most important factors determining future economic growth.

“However, unlike traditional machines, which replaced the use of human and animal labor for simple manual work and heavy or dangerous activities, AI-related inputs may change the type of human work in a comprehensive way.

“In contrast to previous industrial revolutions, AI does not simply involve the invention of a new machine or technology. Instead, AI has similarities to the accumulation of human capital, as it can learn and accumulate knowledge by itself,” he said.

The Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture is designed to explore efforts to put Nigeria on the global Information and Communications Technologies map.

The lecture series however is reserved for distinguished achievers in the ICT sector.

Past lecturers included Dr. Ernest Ndukwe, then executive vice chairman, Nigeria Communications Commission (NCC); Engr. Yomi Bolarinwa, former Director-General of National Broadcasting Commission (NBC); Dr. Jean Luc Fort, CEO at OR System France and a specialist in Counterparty Risk; and Professor Chris Nwagboso, Chairman, Knowledge Factory International, United Kingdom.

Others are: Uche Orji, managing director/chief executive officer, Nigeria Sovereign Investment Authority (NSIA); Biodu Omoniyi, Managing Director/CEO, VDT Communications; Ayotunde Coker, Managing Director, Rack Centre Limited; Peter Adedayo Arogundade, managing director and chief executive officer, Sidmach Technologies Nigeria Limited; Dr. Adewale Obadare, chief visionary officer, Digital Encode and John Obaro, CEO and founder of Systemspecs; Prof. Isa Pantanmi, minister of Communications and Digital Economy; among others.

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