Browsing: cyber threats

Payment for Ransomware Attacks
  • The 2024 Sophos Threat Report shows data theft is the focus of most malware targeting small and medium businesses.
  • Email attacks have moved away from simple social engineering toward more active engagement.
  • According to the World Bank, over 90 per cent of the world’s businesses are small- and medium-sized organisations.

Cybercriminals are increasingly targeting data in a new trend in the online security space the 2024 Sophos Threat Report has shown.  The report by cybersecurity services firm Sophos sheds light on the dangers faced by small- and medium-sized businesses (SMBs) in the digital landscape.

The 2024 Sophos Threat Report titled “Cybercrime on Main Street” underscores the significant threats looming over SMBs, focusing on the year 2023. According to the report, 50 per cent of malware detected targeting SMBs comprised keyloggers, spyware, and stealers – malicious software designed to steal data and credentials.

Cybercriminals employ these tactics to …

African governments, Google addressing cyber insecurity in Africa. www.theexchange.africa

Google users in Africa are increasing exponentially. According to Statcounter, Google takes up 96.55 per cent of all the people using search engines in the continent.

To protect their users against cybercrime, Google has announced that it is buying the prominent cybersecurity firm, Mandiant in a deal that values the business at US$5.4 billion.

The deal is expected to complete late this year, and it comes at a time when the Russian-Ukrainian war has aroused a lot of concerns about the rising cyber threats. Google will acquire Mandiant at US$23 a share to represent a 57 per cent premium to the firm’s share price.…