Tag Archive for: Landscape

Africa: 2023 cyberthreats landscape, next year predictions

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In recent years, of African countries are working hard to adopt 2030 African digital transformation agenda. Finance, education, agriculture, government, security, and manufacturing, are actively adopting digital technologies and transitioning their operations to online platforms.

As we advance in technology throughout the continent, nations need to remember, cybersecurity and personal data protection are fundamental principles in the implementation of the digital transformation project in order to minimise the challenges that come along with the technology.

The year 2023 was filled with countless cyberattacks across many countries — Some of these attacks targeted critical infrastructure, financial institutions, governments and other companies.

As African countries are now pushing for digital transformation and experiencing rapid economic development, cybersecurity remains a pressing concern for businesses across Africa.

Unfortunately, some of the African countries indicate inadequate security measures to fight off cybercrime, leaving them highly susceptible to cyberattacks — They have weak prevention mechanisms to combat cyber threats and poor intrusion detection systems, thereby placing sensitive transactions at significant risk.

There is an increase in the volume and sophistication of cyberattacks in financial institutions. According to the 2023 Africa Financial Industry Barometer, 97% of surveyed leaders of financial institutions in Africa rank cybercrime and regulatory constraints on cybersecurity as the leading threat to the financial services industry alongside worsening economic conditions.

These massive cyberattacks in the region threatens the security of the growing economy and critical infrastructure.

MTN Nigeria, lost $53 million from its mobile money service which forces them to sue several banks in the Nigeria, financial institutions and e-citizen portal where halted by distributed denial of service attack in Kenya, South Africa there is an increase in backdoor and spyware attacks with an alarming 106,000 recorded attempts.

There are many similar cybersecurity incidents in other African countries and there is a need of urgent action to strengthen…

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Three Emerging Threats in the Malware Landscape

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As the malware landscape evolves, vigilance and proactive cybersecurity measures are important for organisations to protect their systems and data from ever-changing threats.

In recent monitoring efforts, cybersecurity researchers at Kaspersky have identified three significant emerging threats: a new loader called ‘DarkGate’, a new LokiBot info-stealer campaign, and a new sample of the resurgent Emotet. 

DarkGate 

This malware loader was created by a well known developer according to Kaspersky. In June 2023, the developer announced on a darkweb forum that they had been working on it for more than 20,000 hours since 2017, and the new features went beyond the typical functionality of a downloader. 

The new features included a hidden VNC, Windows defender exclusion, browser history stealing, reverse proxy, file manager, and a Discord token stealer. DarkGate’s infection chain consists of four stages, leading to the loading of the final payload, DarkGate itself. 

The loader exhibits sophisticated encryption techniques, with each string encrypted using a unique key and custom Base64 encoding. The core functionality of the malware is managed through global variables, organised in a Delphi TStringList.

LokiBot 

This info-stealer has been active since 2016 and remains a threat to this day. It is designed to glean information from applications like browsers.

Recently, the info-stealer was detected in a phishing campaign that targeted a cargo ship company. It sent an email appearing to be a business contract, from there, the attached Excel document prompted a notification that asked the user to enable macros. The notification was fake, and instead leveraged CVE-2017-0199 and CVE-2017-11882 vulnerabilities to download and execute LokiBot.

Once active, LokiBot steals credentials from various applications and sends them to a command-and-control server, where attackers can issue additional commands, such as downloading more malware or running a keylogger.

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Emotet 

After being taken down in 2021, Emotet resurfaced with new attack methods in a recent wave of attacks. The latest one involves malicious OneNote files sent via emails where…

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Evolving Landscape Of Cyber Threats Needs Robust Defence Mechanisms Sanjay Katkar Quick Heal Technologies

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In today’s digital age, where technology has permeated every aspect of our lives, the importance of cybersecurity cannot be overlooked, as cyber threats have become increasingly sophisticated and pervasive. Constantly evolving tactics, the use of advanced techniques such as ransomware, phishing attacks and data breaches to target individuals, businesses and even governments are rampant.

Sophos’s report “The State of Ransomware 2021” states that in 2020, the average cost of a ransomware attack on businesses reached close to Rs 8.5 crore, a 200 per cent increase from the previous year. While, the “Cost of a Data Breach Report 2020” by IMB security revealed that in 2020, the average data breach cost was USD 3.86 million and it took an average of 280 days to identify and contain a breach.

According to Microsoft’s Global Tech Support Scam Research, 31 per cent of Indians lost money to cyberattacks in 2022. Every day, citizens in the state of Gujarat alone collectively lose Rs 1 to 1.2 crore to online financial fraud, according to the cyber cell of Gujarat CID. Thus, the consequences of these attacks can be devastating, ranging from financial loss to reputational damage and, in some cases, even endangering lives.

Expanding Attack Surfaces

According to Sanjay Katkar, Joint Managing Director of Quick Heal Technologies, “One of the key challenges in today’s cybersecurity landscape is the ever-expanding attack surface. With the proliferation of Internet of Things (IoT) devices, cloud computing and the widespread adoption of mobile devices, we have seen an exponential increase in the number of entry points for cybercriminals to exploit. Mobile device usage has become pervasive.”

According to Statista’s report on the number of smartphone users worldwide from 2016 to 2023, as of 2021, there were over 3.8 billion smartphone users worldwide which is expected to reach 4.3 billion by 2023.

The number of IoT devices is also increasing at a rapid pace. By 2025, there will be over 75 billion connected IoT devices worldwide, as per Statista’s report on “Internet of Things (IoT) connected devices installed base worldwide from 2015 to 2025.” It is essential for organisations…

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Exploring the Evolving Landscape and Technological Advancements in Military Aircraft

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PRESS RELEASE

Published May 31, 2023

 

Military aircraft are critical assets for every country’s defence and security. These specialized aircraft are developed and outfitted for a variety of military roles, such as combat missions, surveillance, reconnaissance, transport, and aerial refueling. Military aircraft are outfitted with cutting-edge technology and weapons systems to secure air supremacy and support ground troops. They are critical in carrying out strategic operations, air defence, and maintaining territorial integrity. Air forces and naval aviation units operate military aircraft, which are subjected to rigorous training and upkeep to maintain their readiness and effectiveness. Military aircraft development and deployment constitute a considerable investment in defence capabilities, allowing governments to project power and safeguard their interests both locally and globally.

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All interested in global Military aircraft industry experts can use this report to examine market trends, gauge the competitive landscape, spot business opportunities, and zero in on the major market drivers. The analysis covers company profiles of the top market players, information on their recent product launches, product extensions, marketing strategies, business strategy, business infrastructure, upcoming rival products and services, price trends, and business infrastructure. Research methodologies like primary research, secondary research, bottom-up and top-down approaches, SWOT analysis, Porter Five Forces analysis, and others are used to study the Military aircraft market.

Growth Drivers of Military aircraft:

Several causes are driving the expansion of military aircraft. For starters, technological and engineering developments have resulted in the production of more complex and capable aircraft, which in turn generates demand for modernization and acquisition. Furthermore, geopolitical tensions and regional crises necessitate states beefing up their defence capabilities, including the procurement of modern military aircraft. Furthermore, the growing necessity of aerial observation,…

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