Recovery Costs from Cyberattacks Outpace Insurance Coverage Sophos, a global leader of innovative security solutions for defeating cyberattacks, today released findings from its survey, “Cyber Insurance and Cyber Defenses 2024: Lessons from IT and Cybersecurity Leaders.” According to the report, 97% of those with a cyber policy invested in improving their defenses to help with…
Sophos, a global leader of innovative security solutions that defeat cyberattacks, today released its inaugural “MSP Perspectives 2024” survey report, which found that the biggest day-to-day challenge facing Managed Service Providers (MSP) is keeping up with the latest cybersecurity solutions/technologies, cited by 39% of the MSPs surveyed. Alongside this, MSPs indicated that hiring new cybersecurity analysts…
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, has revealed that it blocked around 18 million email threats, almost two million malicious URLs and over four million malicious mobile apps targeted at Nigerian businesses and consumers between January and December 2023. This as threat actors deviate from big-batch attacks to focus on a narrower…
…Jim Dildine Named as Sophos’ New CFO Sophos, a global leader of innovative security solutions for defeating cyberattacks, today announced that Joe Levy is now chief executive officer (CEO) of the company. Levy has been acting CEO since Feb. 15. To drive a critical role in the execution of his strategy to shape the future…
Creative examination of data breaches reveals the attack vectors being used and how they are enabled, emphasizing the functions of credentials and phishing. As the 2024 Verizon Data Breach Investigations Report was released, we examined the information to carry on our coverage of crucial cybersecurity topics, namely phishing and data breaches. The research provides new…
A year and a few days after Google declared that passkeys will be available, the concept of a world without passwords is beginning to take shape. We mean it when we say things slowly. Even though it’s taken some time, major computer companies like Apple, Microsoft, and Sony PlayStation have released or stated that they…
Trend Micro works closely with law enforcement around the world to ensure cybercriminals are stopped in their tracks. Emmanuel Tzingakis, Technical Lead, African and Venture Markets at Trend Micro, discusses the importance of threat intelligence and how this has an impact on ransomware gangs and hackers on a global level. The threat landscape has expanded in…
..Rate of Ransomware Attacks Falls Slightly, But Recovery Costs Hit $2.73 million Sophos, a global leader of innovative security solutions that defeat cyberattacks, today released its annual “Stateof Ransomware 2024” survey report, which found that the average ransom payment has increased 500% in the last year. Organizations that paid the ransom reported an average payment of $2…
Airbnb’s Entry into Top 10 imitated Brands Signals Expanding Cybercriminal Horizons Check Point Research (CPR), the Threat Intelligence arm of Check Point® Software Technologies Ltd. (NASDAQ: CHKP) and a leading AI-powered, cloud-delivered cyber security platform provider, has released its latest Brand Phishing Ranking for Q1 2024. The ranking highlights the brands most frequently imitated by cybercriminals in their…
SHELT, a leading provider of cybersecurity solutions, is proud to announce the launch of its new business unit in Nigeria, SHELT System Integration (SHELT SI). With a solid reputation built over six years of serving the nation’s financial, telecom, and government sectors, SHELT is now expanding its offerings to accelerate Nigeria’s digital transformation. The new…
Level of RDP Abuse Unprecedented Since Launch of Report in 2020 External Remote Services Were the Number-One Way Attackers Initially Breached Networks Sophos, a global leader of innovative security solutions that defeat cyberattacks, today released the Active Adversary analysis, “It’s Oh So Quiet (?): The Sophos Active Adversary Report for 1H 2024.” The report, which…
New Fully Managed Solution Provides Visibility, Risk Monitoring, Prioritization, Investigation, and Proactive Notification to Prevent Cyberattacks. Sophos, a global leader of innovative security solutions that defeat cyberattacks, today announced a strategic partnership with Tenable®, the Exposure Management company, to provide Sophos Managed Risk, a worldwide vulnerability and attack surface management service. The new service features a dedicated…
As the use of operational technology (OT) and Internet of Things (IoT) grows, so too does the threat landscape. Without releasing it, many businesses may have thousands of unknown access points ready to be exploited by cybercriminals. Jayson Pieterse, Sales Manager at TXOne, explores the different risks organisations face. With the growth in digital transformation…
Ransomware attacks saw a sharp increase once again over the past year. AI and the increase in mobile-connected devices provide further areas of vulnerability for cybercriminals to exploit. Early detection can reduce the cost of breaches up to a thousandfold. Following two years of high but stable loss activity, 2023 saw a worrying resurgence in…
Sophos, a global leader in innovating and delivering cybersecurity as a service, today released its annual 2024 Sophos Threat Report, with this year’s report detailing “Cybercrime on Main Street” and the biggest threats facing small- and medium-sized businesses (SMBs*). According to the report, in 2023, nearly 50% of malware detections for SMBs were keyloggers, spyware and stealers, malware that attackers use…
Effective cybersecurity must align to organisation’s needs and take its lead from its requirements. Security must enable, not define. Thus, understanding your organisation’s operational environment and what optimum performance looks like must come first. In banking and financial services, where trust and data security are fundamental, cybersecurity requirements are even more complex. This reinforces the…
Sophos, a global leader in innovating and delivering cybersecurity as a service, is expanding its commitment to the channel with the addition of Partner Care, a new offering in its global partner program that features a dedicated, 24×7 team of Sophos experts who handle non-sales related questions and operational support. The offering is designed to…
In today’s increasingly digital world, fraud and financial crime has become a significant concern. Global research shows that 2022 saw a 72% increase in fraudulent activity while almost a quarter of survey respondents expect a significant budget increase for anti-fraud technology through 2025. Given how generative artificial intelligence (AI) has been reshaping virtually all industry sectors, the…
Kaspersky has compiled a list of top tips for staying safe while dating online based on a new survey that revealed shocking data about the extent of digital abuse, with a quarter of respondents (23%) of 21,000 people worldwide reporting some form of online stalking from someone they were newly dating. A third (34%) of…
After a Two-Year Investigation, Sophos X-Ops Discovers Unprecedented Sophistication in Scams That Trick Victims into Fake Investments Sophos, a global leader in innovating and delivering cybersecurity as a service, today revealed how sha zhu pan scammers—those conducting elaborate, romance-based cryptocurrency fraud—are leveraging a business model similar to cybercrime “as-a-service” by selling sha zhu pan kits on…
The more sophisticated technology becomes, the more adept scammers get at tricking and robbing us. Be careful! Scammers will be using new tactics in 2024, like deepfake impersonation. Because of this, developing a zero-trust mentality can help you avoid falling for these con artists. 1. Scams using Deepfake impersonation Say your CEO gives you a…
The landscape of cyber threats has significantly expanded in terms of volume, complexity, and impact of attacks over the past few years. Consequently, regardless of their size, industry, or geographic location, the vast majority of companies prioritize protection against these threats and primarily strive to implement robust cyber defense measures to counteract them. However, given…
Sophos, a global leader in innovating and delivering cybersecurity as a service, has released a report, titled “CryptoGuard: An Asymmetric Approach to the Ransomware Battle,” which found that some of the most prolific and active ransomware groups, including Akira, ALPHV/BlackCat, LockBit, Royal, Black Basta, are deliberately switching on remote encryption for their attacks. In remote encryption attacks, also known as…
Ahead of its enforcement drive in 2024 and in a bid to ensure professionalism among firms that are licensed to carry out compliance as a service, the Nigeria Data Protection Commission has issued a Code of Conduct for DPCOs in Nigeria. Whilst addressing the meeting of the Commission with the DPCOs, the National Commissioner, Dr….
Written by: Oluwafemi Jacob Oni Adopting a Zero Trust Architecture (ZTA) has become essential for large companies in today’s quickly changing digital ecosystem, where cyber threats and data breaches have gotten more regular and complex. As businesses become more linked and reliant on cloud services, mobile devices, and remote workforces, old security strategies are no…
Machine learning keeps expanding with the introduction of various technologies and approaches that are changing our lives, one of such approaches is Federated learning which has proven to be a very revolutionary approach in machine learning, allowing models to be trained across different decentralised environments or servers while making sure that those data are localised….
Sophos, a global leader in innovating and delivering cybersecurity as a service, today released two reports about the use of AI in cybercrime. The first report—“The Dark Side of AI: Large-Scale Scam Campaigns Made Possible by Generative AI”—demonstrates how, in the future, scammers could leverage technology like ChatGPT to conduct fraud on a massive scale…
Sophos, a global leader in innovating and delivering cybersecurity as a service, today released its Active Adversary Report for Security Practitioners, which found that telemetry logs were missing in nearly 42% of the attack cases studied. In 82% of these cases, cybercriminals disabled or wiped out the telemetry to hide their tracks. The report covers Incident…
Sophos, a global leader in innovating and delivering cybersecurity as a service, today shared its sector survey report, “The State of Ransomware in Healthcare 2023,” which revealed that, among those organizations surveyed, cybercriminals successfully encrypted data in nearly 75% of ransomware attacks. This is the highest rate of encryption in the past three years and a…
In the grand tapestry of human progress, few notable innovations have propelled the world forward as profoundly as digitalization. The convergence of technology, innovation, and information has subsequently disrupted the way we do things at almost all levels and in turn, birthed a new era where everything, more so the way we work and live is redefined daily. But even as we embrace…