Tag: cyber crime

Kaspersky Warns Against Lazarus Hackers as Nigeria among Targets

Kaspersky Warns Against Lazarus Hackers as Nigeria among Targets

Technology
Kaspersky  has urged all organisations to carefully scan their networks for the presence of Lazarus malware samples and, if detected, to disinfect their systems and report the intrusion to law enforcement and incident response teams. The warning was follow up to the results of Kaspersky more-than-year-long investigation into the activity of Lazarus – a notorious group of hackers allegedly responsible for the theft of 81 million dollars from the Central Bank of Bangladesh in 2016. A report from an investigation carried by Kaspersky Lab found that from December 2015, malware samples relating to Lazarus group activity appeared in financial institutions, casinos software developers for investment companies and crypto-currency businesses from various countries, with five from Africa. T
ESET Partners with Kenyan University to fight Cybercrime

ESET Partners with Kenyan University to fight Cybercrime

Cyber Security
Internet security company ESET East Africa has partnered with Kenya’s Strathmore University to set up a research and cyber-security operations centre (SOC) in Kenya. The Country Manager ESET East Africa, said the company will explore joint opportunities with like-minded partners and contribute assets in developing innovative cybercrime solutions targeting both blue chip businesses and Small and Medium Enterprises over the next one year. ESET East Africa he said has signed a memorandum of understanding (M.O.U) with the @iLabAfrica centre of the Strathmore University aimed at enhancing the fight against cybercrime in Kenya. Through this M.O.U, ESET said it will support Strathmore University’s current academic programs on cyber-security, through collaborative research and benchmarking approa
How companies can stay ahead of the cybersecurity curve

How companies can stay ahead of the cybersecurity curve

Cyber Security
While the tech world is abuzz with talk of the intelligent (IoT) devices that are supposed to revolutionize homes, another IoT revolution is underway in the workplace. Companies are turning to connected devices to improve day-to-day business functions but they have little choice but to embrace the technology that has become as ubiquitous as it is indispensable to life in 2017. Cyber attacks can interrupt business operations, hurting companies’ bottom lines, and can infringe upon the privacy and other human rights of consumers and the general public. Right now, there isn’t much regulation around companies’ cybersecurity practices. Managers must think in new ways about data, communications, business law and even the ethics of trading off potential corporate benefits against risks to
Is cyberspace the latest conflict frontier on the African continent?

Is cyberspace the latest conflict frontier on the African continent?

Cyber Security
The use of cyberspace poses risks to the African continent in the 21st Century. In August 2012, terrorist group, Boko Haram, reportedly hacked into Nigeria’s secret service and acquired private data on current and former personnel. In April 2016, a group calling itself “Anonymous” was able to hack into the database of the Kenyan Ministry of Foreign Affairs and steal sensitive data. More recently, a number of South African companies’ systems were infiltrated by cyberattackers and data held for ransom. The firms included Johnny Bags food manufacturers, DSV Global and Gebers & Partners. As a matter of practice, sensitive information is often stored in computer systems. Once the data is not securely protected, it can be stolen and be used adversely. If the computer systems are connecte
AI fights cybercrime as IBM Watson learns the language of cyber security

AI fights cybercrime as IBM Watson learns the language of cyber security

Cyber Security, Technology
As technology advances, we have more detailed data and analytics at our fingertips than ever before. It can potentially offer new insights for cybercrime prevention. IBM Watson, Big Blue’s artificial intelligence (AI) platform, keeps on learning with the smart platform now well versed in cyber security. The company said that for the past year, Watson has been trained on the language of cyber security and has studied more than one million security documents. Watson for Cyber Security will be integrated into IBM’s new Cognitive SOC platform, which puts cognitive technologies into the hands of security analysts, improving their ability to fill gaps in intelligence. Accoeding to NetworkWorld, By 2020, 60 percent of digital businesses will suffer a major service failure due to the inability