Browsing: Cyber Security

Today, being an online trader or digital shopper only requires one to have a smartphone, internet connection, a convenient social media platform and some products to sell or to buy.

One of the major hindrances to e-commerce across the world is inadequate online payment systems. In Kenya, however, mobile payment platforms have placed the East African nation at the top of other global economies. For this and many other reasons, Kenya is ranked third in Africa after Nigeria and South Africa, in terms of online shopping volumes, according to an article published in the Daily Nation last year.

All said and done, while you enjoy the convenience of online shopping, doing so comes with risks that can frustrate the modern way of shopping, leaving consumers and dealers vulnerable to the antics of online criminals.…

ZICTA has since reiterated that the members of the public should at all costs desist from buying already registered SIM cards as such is against the law and anyone found wanting risks being prosecuted.

Chaaba revealed that so far, ZICTA has encountered situations where innocent people have been implicated in investigations due to owning SIM cards that were once used by criminals.

ZICTA confirmed with Zambian Business Times that the SIM cards that will not be claimed within 90 days after deactivation will be allocated to other new users. The Authority has since appealed to members of the public to take time to regularise their SIM card registration to avoid losing their contact numbers and for the country to have a clean database.…

The rise of digital technology presents a myriad of new inventions and conveniences and changes how people interact, communicate, and do business.

The immense benefits of technology carry with them cybersecurity risks. Given the complex and sometimes obscure nature of cyber threats, they are usually difficult to comprehend, identify and control. 

Issues of outright theft, hacking, piracy, identity theft, and information misappropriation, among other cyber-related activities, come to the fore when it comes to cyber risks. In addition, national security risks exist in the digital space that poses a significant threat. 

According to consulting firm Ovumone, it is estimated that the end of 2022 will see over a billion people having access to the internet. The rising internet access and improved digital usage open up the continent to increased online criminal activity.  

“Cybercrime is shifting towards emerging economies. This is where the cybercriminals believe the low-hanging fruit

In this column called “The Indicator,” we will be taking an economic or financial statistic from East Africa and breaking it down into bite-sized nuggets of knowledge for investors. 

This month’s indicator figure is 597,028,294 

597,028,294 what? 

597,028,294 US dollars is the projected cumulative annual cost of cyber security attacks across East African Community (EAC) countries for 2020 as extrapolated from a 2017 study “Demystifying Africa’s Cyber Security Line”.   

What is a cyber security attack?  

A cyber security attack often called a “hack” is when a nefarious individual or group uses a computer to invade the computer or the computing network of a person or company. 

Cyber attacks can come from external attackers such as cybercriminals seeking to steal money, damage the reputation, or block access to computing resources in order to extort ransom money from a company.   Cyber attacks can also come from “insiders” — frustrated current or former …

Data Management Company, Compfix Data Limited has announced plans to venture into offering cyber security and business continuity solutions as it looks to tap into emerging business opportunities within the East Africa market.

The privately-owned data management firm was founded in 2003. The firm first made its mark by becoming the pioneer and the leader in provision of data recovery solutions in Kenya with over 10,000 customers.

Evail has been investing heavily on technology over the last years to improve on its service delivery capability by adopting world-class best practices and systems.

The firms’ commitment to excellence is exemplified by twice receiving (2007 and 2008) the prestigious ICT annual Awards from Computer Society of Kenya for outstanding performances in disaster recovery.

Consequently, the company has also rebranded to Evail in a move aimed at positioning the brand as the most innovative and trusted data management Solutions Company within the region.…

Kaspersky Lab has announced plans to open a new office in Kigali, Rwanda, to support the rapid growth of its business in East Africa. This strategic move will provide more room for development as well as closer proximity to new partners in the region, allowing Kaspersky Lab to continue its expansion into the promising African market.

The decision to open a new office was made during Eugene Kaspersky’s visit to Rwanda where he met with Rwanda President Paul Kagame, at the Transform Africa Summit. During the visit, they discussed how Kaspersky Lab could collaborate with the Rwandan government and ways to better protect the country from cyberthreats.

“Governments and enterprises across Africa need an integrated approach to complex threat detection and response as they fight cybercriminals who have significant financial resources and are constantly looking to exploit any vulnerability,” said Eugene Kaspersky, CEO of Kaspersky Lab.

The Kigali office will …