Tag: cyber crime

Companies ought to change their approach to IT security

Companies ought to change their approach to IT security

Cyber Security
Amidst rapidly changing technological realm, opportunities and challenges that the technology provides has become elusive. We are at a crossroads as we move from a society already snarled with the internet to the coming age of automation, Big Data, and the Internet of Things (IoT). But as the society operates largely on technology, it may have gone too far in technology dependence. While it brings greater benefits, by the very nature of the opportunities it presents it becomes a focal point for cybercrime, industrial espionage, and cyberattacks. The current digital business landscape sees many organisations face a myriad of evolving security threats. Based on experiences, companies today tend to spend 80% of their security budgets on trying to prevent security breaches, but only ...
Kenya worst hit in East Africa by cyber crime

Kenya worst hit in East Africa by cyber crime

Cyber Security
Cyber crime has been dubbed “burglary for the 21st Century”  around the globe. But the scale of the crimes which can now be committed means millions of finances can now be stolen at the touch of a button. In East Africa, Kenya recorded the highest losses, $171 million, to cyber criminals. Banks have become the leading target of cybercrime as people increasingly adopt the use of financial technology. According to Serianu’s Cybersecurity Report 2016, African countries lost at least $2 billion in cyberattacks in 2016. Tanzania lost $85 million while Ugandan companies lost $35 million. Over one-third of organisations that experienced a breach in 2016 reported substantial customer, opportunity and revenue loss of more than 20 percent, this according to Cisco 2017 Annual Cybersecurity Report.
Kenya ICT Ministry urging massive investment in cyber security

Kenya ICT Ministry urging massive investment in cyber security

Cyber Security
Amid calls for regional harmonisation of cyber-crime laws, the government of Kenya is proceeding with the passage of a bill to address the growing problem of cyber-crime. The Kenya government is set to pass the Computer and Cybercrime Bill into law after its approval by cabinet as east African countries push for regional harmonization of cyber-crime laws. The bill is set to be tabled in parliament for debate and then go to a vote within the next few weeks. After that, it is expected to be signed by the president before the end of the year. According to the Kenya's ICT cabinet secretary, the Computer and Cybercrime Bill 2016 will target illegal access, online fraud, money laundering, phishing, cyber-stalking and child abuse, among other things. Cyber-criminals can only be guarded again...
Hackers Can Steal Your Passwords by Monitoring SmartPhone Sensors

Hackers Can Steal Your Passwords by Monitoring SmartPhone Sensors

Cyber Security, Mobile
An average smartphone these days is packed with a wide array of sensors such as GPS, Camera, microphone, accelerometer, magnetometer, proximity, gyroscope, pedometer, and NFC. According to a team of UK scientists , hackers can potentially guess PINs and passwords – that you enter either on a bank website, app, your lock screen – to a surprising degree of accuracy by monitoring your phone's sensors, like the angle and motion of your phone while you are typing. The danger comes due to the way malicious websites and apps access most of a smartphone's internal sensors without requesting any permission to access them – doesn't matter even if you are accessing a secure website over HTTPS to enter your password.  Smartphone apps usually ask your permissions to grant them access to sensors lik
Microsoft to block malicious links in Word, Excel and PowerPoint

Microsoft to block malicious links in Word, Excel and PowerPoint

Cyber Security, Technology
Microsoft has confirmed that at some time later this month, it will roll out a new security feature for some of its desktop apps for Office 365 ProPlus subscribers. Microsoft’s Advanced Threat Protection Safe Links feature, which protects its users from carelessly clicking over malicious links, is now being incorporated into Excel, PowerPoint and Word. Microsoft has already incorporated this safety feature in the desktop and mobile versions of its Outlook email client, and now some Microsoft’s most distinguished productivity apps are about to get it. After this feature has been installed, every time a user tries to follow a link having malicious content, a warning page is displayed in front instead of taking them directly to that location. After this, it is on users will if he wan