Tag: cybercrime

Technology Start-Ups can Successfully spark digital growth in the Developing World

Technology Start-Ups can Successfully spark digital growth in the Developing World

Mobile, Startups, Technology
 Internet technology in emerging markets has received far less attention but has major implications for economic growth and social progress. We recently studied the impact of the Internet on what we call “aspiring countries,” defined as having the economic size and dynamism to be significant players on the global stage in the near future and achieve levels of prosperity approaching those of the advanced economies. “Internet entrepreneurs in aspiring countries are often also social entrepreneurs, in that they create the ecosystem that allows individuals, enterprises, and governments to play a bigger role in the Internet economy.” According to Voices , Internet entrepreneurs in aspiring countries are often also social entrepreneurs, in that they create the ecosystem that al
Cyber Criminals are Improving their Game

Cyber Criminals are Improving their Game

Internet, Mobile
With the drastic technological improvements in this digital era, the African continent has become more interactive due to the improved connectivity and easy availability of technological tools. The improved connectivity has left the continent more vulnerable to all kinds of cyber space attacks. The 2015 Cyber Security Report indicates that Globally, Africa is the least affected continent in terms of cyber security but this is a trend that will change with time. The study shows that there has been an increased number of cyber-criminal especially from Nigeria, Rwanda and Kenya a clear indication that Africa is rapidly opening up and becoming a source of cyber-criminal and tools. The cyber-criminals are intelligent and everchanging. They employ tricks and skills that go undetected ev...

Cybercrime and espionage costs estimates upto $445 billion annually

Business, Cyber Security, Internet
A Washington think tank has estimated the likely annual cost of cybercrime and economic espionage to the world economy at more than $445 billion — or almost 1 percent of global income. Writes Ellen Nakashima and Andrea Peterson for Washington Post The estimate by the Center for Strategic and International Studies is lower than the eye-popping $1 trillion figure cited by President Obama, but it nonetheless puts cybercrime in the ranks of drug trafficking in terms of worldwide economic harm. “This is a global problem and we aren’t doing enough to manage risk,” said James A. Lewis, CSIS senior fellow and co-author of the report, released Monday. The report, funded by the security firm McAfee, which is part of Intel Security, represents one of the first efforts to analyze the costs, d
Spammers Piggyback on Boston Marathon Attack

Spammers Piggyback on Boston Marathon Attack

Internet
Cybercriminals don't hesitate when they see an opportunity to spread malware. Not even when it means exploiting as horrific an event as the Boston Marathon bombing. There's nothing new about this, of course. From big news events like Osama Bin Laden's death, to lightweight showbiz stories -- anything about Emma Watson, for example -- cybercriminals are always on the lookout for credulous clickers. Emails containing links that genuinely send traffic to video footage of yesterday's bombing, are also geared to infect devices with a Trojan Horse. According to Sophos researchers, dangerous subject lines include: Aftermath to explosion at Boston Marathon Boston Explosion Caught on Video Video of Explosion at the Boston Marathon 2013 This is no small potatoes. The SANS Instit...