• Cybersecurity recovery costs post a staggering increase in recovery costs for the Energy and Water sectors.
• The report also reveals that nearly 49 per cent of ransomware attacks on these sectors began with an exploited vulnerability
• The Energy and Water sectors also reported a high rate of ransomware attacks

The water and energy sector have been the worst hit with the rise in cybercrime recovery costs according to a new report by Cybersecurity firm Sophos. Titled “The State of Ransomware in Critical Infrastructure 2024,” the survey shows a staggering increase in recovery costs for the Energy and Water sectors.

Experts from Sophos say that the median recovery costs for these critical infrastructure sectors have quadrupled to $3 million (Sh390 million) over the past year, significantly higher than the global cross-sector median. The report also reveals that nearly 49 per cent of ransomware attacks on these sectors began with an …

• Only 8 per cent increased awareness, consumer concern regarding sharing personal information remained significant at 91 per cent in Q2 2023, albeit down from 94 per cent last year.
• The study shows that there has been an accelerating rate of digital fraud in other sectors of the country, such as retail, financial services, telecommunications, travel & leisure, and communities

Digital fraud attempts are on the rise in the country with 80 per cent of Kenyan having been targeted in the first three months of year, a new TransUnion’s Consumer Pulse Survey has shown.

From the findings a notable 72 per cent of respondents who reported being targeted by digital fraud schemes successfully avoided falling victim. However, an additional 8 per cent were targeted and fell victim to these schemes.

The awareness of fraudulent schemes was significantly high; only 20 per cent of consumers reported being unaware of any fraud schemes …

• NALA raises 40 million dollars to fuel international expansion and launch its own payment rails for Africa and beyond.
• The US fintech building global payments for emerging markets. 
• $40million Series A for NALA, the fintech that took Africa’s payment problems personally. 

NALA raises 40 million dollars to build cross-border payments for emerging markets. NALA, one of Africa’s largest fintech companies, has announced the Series funding to support its global expansion and enhance the reliability of payments to Africa by developing its own payment rails.

The past 12 months have been transformative for NALA. The company achieved a 10x increase in revenue, reached profitability, and had positive cash flow.

In the past 20 months, NALA saw a 34x increase in transaction volume. The NALA team has grown from just 7 members to a robust team of over 100. Finally, today, NALA proudly serves 500,000 customers.

The $40 million funding round …

• Dr. Patil VijaySinh, an interventional cardiologist at The Nairobi West Hospital, led the team in performing the Renal Artery Denervation procedure.
• Hypertension, commonly known as high blood pressure, is a major global health concern, contributing to an estimated 8.5 million deaths in 2015 alone.
• Innovative healthcare techniques like Renal Artery Denervation offer new hope for patients with resistant hypertension.

The Nairobi West Hospital has successfully conducted the first Renal Artery Denervation procedure for resistant hypertension in Kenya and East Africa.

This pioneering procedure marks a significant step forward in the region’s battle against hypertension, a leading cause of cardiovascular morbidity and mortality worldwide.

Hypertension, commonly known as high blood pressure, is a major global health concern, contributing to an estimated 8.5 million deaths in 2015 alone.

Despite the availability of various antihypertensive medications, only 18-23 per cent of patients achieve optimal blood pressure control.

In Kenya, prevalence of hypertension is …

•  A new study analysed billionaires and their earnings to rank the billionaires who got rich the fastest.
• Changpeng Zhao, a co-founder of Binance, got rich the fastest, earning his first billion dollars in only 7 months after the start of the company.
• Jeff Bezos and Mark Zuckerberg made their place in the ranking, both spending 4 years to acquire their first billion dollars.

Experts at EvenBet Gaming have recently conducted a study to rank the billionaires who got rich the fastest. The study considers the years since the company’s founding that brought the first billion.

In addition, the study includes the age when they became billionaires, their education, current net worth, and most recent revenue made by that company.

The original data related to net worth and companies’ revenues was taken from Forbes billionaires’ lists. Changpeng Zhao is a billionaire that got rich the fastest, earning his first billion …

• The World Economic Forum (WEF) released its Top 10 Emerging Technologies for 2024 on Tuesday
• The list of the technologies included Artificial Intelligence (AI) and Genomics for transplants 

Two decades ago today, an automated system that uses artificial intelligence to write a story or electric vehicles cruising down the street – were only things on a sci-fi movie or predicted in a peer-reviewed paper.

Gone are those days, the future is here. In today’s world, both governments and automakers are seeking real-life and real time solutions to at least pressing challenges known to man. Further, these solutions offer near-perfect options that fit the needs of the consumers/people.

In a quest to solve toxic gas emissions from vehicles, the developed world is churning out – especially Europe electric vehicles (EVs). The latter has witnessed a surge in demand with hybrid electric vehicle sales rising by 33.1 per cent.

Despite of the …