Cybersecurity

  • An African nation has appealed on the country's private sector to invest in cybersecurity to complement the government's ongoing efforts to combat the rise of cybersecurity. Kenya's ICT Ministry Cabinet Secretary, Joe Mucheru has called for increased investment in cybersecurity following after another spike in incidences of cyber-crime which is harming the country's digital economy.

  • IDC experts have forecasted that security investment in the region could potentially reach to $28.2 billion by 2022.

  • Gulf Air recently revealed a cybersecurity step-change as part of an ongoing campaign to safeguard its operations and deliver industry-leading customer service. The national carrier of the Kingdom of Bahrain has reinforced its network perimeter to pre-empt and combat Distributed Denial-of-Service (DDoS) attacks, improve data centre and application-level security and further enhance data and access protection measures.

  • Acronis, a global leader inhybrid cloud solutions, announced a global technology partnership with Manchester City Football Club. As part of the partnership, Acronis will help the Club to enhance and develop its data backup and storage capabilities.

  • The cybersecurity market in Latin America has been projected to almost double in size. Analysts have predicted that the sector which was estimated at $6.19bn will grow to $13.49bn by 2022.

  • Large digital security breaches are a common occurrence in the corporate world today. The latest breach, experienced by consumer credit reporting agency Equifax, follows a trend of troubling hacks that have played out across the globe this year. It seems adversaries will stop at nothing to evolve their threats, move with even more speed, and find new ways to widen their operational space.

  • In order to help tackle the serious threats posed to network security, ETSI, officially recognized by the European Union as a European Standards Organization, will stage a comprehensive week-long event devoted to this increasingly crucial subject.

  • The European Commission recently unveiled plans to invest jointly with the EU Member States in building a world-class European supercomputers infrastructure. Supercomputers are needed to process ever larger amounts of data and bring benefits to the society in many areas from health care and renewable energy to car safety and cybersecurity.

  • A number of financial institutions all over the world have taken steps to strengthen their own security systems after infrastructure following the global cyber-attack which affected a number of organizations worldwide.

  • French telecommunications operator Orange has announced it has agreed to partner with US technology colossus Google, in an effort to explore opportunities to fund and potentially acquire start-ups in Europe, Africa and the Middle East.

  • France has established its first ever cyber-warfare unit following fears that the nation could be the victim of hackers. The announcement was made earlier this week, and comes hot on the heels of the US and Russian hacking scandal which has engulfed much of the mainstream media in the past week.

  • A survey shows that over the past two years, 9 in 10 critical infrastructure providers have been hit by 2 or more cyber attacks. A majority of the cyber attack victims have had their environments damaged, leaving their systems out of action, after at least one attack.

  • A leading Japanese multinational IT services provider has setup a security operations center in California as part of its effort to combat against the rising number of cybersecurity attacks and hacking scandals currently blighting the IT sector. NEC Corporation announced that specialized security company Infosec Corporation which is owned by the NEC Group will open the center in Santa Clara, California. It is expected that the construction on this new project will start in April, 2017.

  • Kaspersky Lab researchers have detected new malware designed to steal the credentials of online banking customers. Earlier versions of the new malware, called NukeBot, were known to the security industry as TinyNuke, but lacked the features necessary to launch attacks. The latest versions however, are fully operable, and contain code to target the users of specific banks.

  • Cybersecurity defenses are under unprecedented levels of attack. From old malware foes and newer types, such as ransomware, to sophisticated advanced threats and state-sponsored cyberattacks, breaches are, sadly, now an everyday reality.

  • New guidelines have been established by the African Commission as part of its effort to promote the topic of cybersecurity across the African continent. The African Commission in conjunction with the Internet Society unveiled the new rules at the African Internet Summit which was held in Nairobi, Kenya.

  • A comprehensive new report which was compiled by Juniper Research has projected that spending on Internet of Things cybersecurity solutions is set to rise by an incredible 300% in the next five years.  The global research firm has estimated that investment in Internet of Things cybersecurity solutions will reach $6bn globally by 2023.

  • The use of malicious software to attack IoT devices like smart home security monitoring systems is rising substantially and growing more sophisticated as cyber criminals take advantage of lax security, Nokia's Threat Intelligence Report 2019 warned on Tuesday.

  • Qualcomm has joined AT&T, Nokia, IBM, Palo Alto Networks, Symantec and Trustonic as part of the IoT Cybersecurity Alliance formed earlier this year. The purpose of the group is to collaborate and pool together collective capabilities and resources to tackle emerging security challenges in the Internet of Things (IoT).

  • BeyondTrust’s annual Privileged Access Threat Report highlights that greater privileged access visibility and improved integrations are vital to tackling the modern threat landscape.