Category: featured

Africa’s banking security in Africa is reaching a tipping point for growing cybercrime risk

banking security

Africa’s relative lack of infrastructure is both a blessing and a curse for banks. While access to traditional services is still a challenge, innovation in technology can offer big opportunities. Mobile has become the de facto means of banking in many parts of Africa and, as mobile penetration – particularly smartphone penetration – increases, this is allowing banks to connect with more of the population than ever before, and to do so in a more targeted, personal way. A study looking at trends in banking in sub-Saharan Africa, released in…

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Cyber Crime Predicted To Reach $2 Trillion By 2019

During the last ten years, our lives have changed. The increased usage of the Internet made blurred some lines between the virtual and the real world making some processes faster. Ordinary people are enjoying this change, as life is becoming much easier for them. Large companies and enterprises experience some negative sides of such changes, though. They are preparing for a huge increase in cyber crime. General Crime Numbers Ginni Rometty, the Chairman of IBM Corp, mentioned in his recent interview that cyber crime wave, as they named it couple…

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31pc of employees consider themselves the biggest threat to cyber security

Hackers Breach Top Wall Street Law Firms, Including Cravath Swaine & Moore LLP

Both companies and employees are aware of the damage cyber-attacks can make, and know that employees are the weakest link in a company’s security chain. Those are the results of two separate studies conducted by security firm WinMagic. During the Cloud Security Expo, it released the studies in which it asked 250 IT managers and 1,000 employees about the importance of IT security in the workplace. The data shows that businesses have taken actions to protect themselves following high-profile data breaches, such as the one which happened to TalkTalk. Almost…

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“Yedaly Declaration” on .Africa dismissed by US Federal Court as Conflict of Interest!

On April 12th 2016, The court determining the DotConnectAfrica Trust v. Internet Corporation for Assigned Names and Numbers & ZA Central Registry ruled that it has granted a Preliminary Injunction for DotConnectAfrica, the decision for case no. 16-CV-00862 RGK (JCx) [PDF] on the .Africa new gTLD. The court gave several reasons to explain why the Court GRANTS Plaintiff’s Motion for Preliminary Injunction.   These include the likelihood of Success on the Merits where the court said The Release Does Not Bar DCA’s Claim at This Time as it found “serious questions regarding the…

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Hackers Breach Top Wall Street Law Firms, Including Cravath Swaine & Moore LLP, Weil Gotshal & Manges LLP

Hackers Breach Top Wall Street Law Firms, Including Cravath Swaine & Moore LLP

Reuters: Hackers broke into the computer networks of some big U.S. law firms, including Cravath Swaine & Moore LLP and Weil Gotshal & Manges LLP, the Wall Street Journal reported on Tuesday. Federal investigators are looking to see if confidential information was stolen for insider trading, as these law firms represented Wall Street banks and big companies, the Journal said, citing people familiar with the matter. Other law firms were also targeted, but the probe has not amounted to any clear information on what details have been stolen, the newspaper…

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Big data security required as 80% of devices ‘at risk’

Staff Writer
Google

Research by Irish company AdaptiveMobile found 80% of devices are at risk. This shows the need for ‘big security’ to be introduced to accommodate the huge projected growth in the internet-of-things, it says. Current security solutions won’t be strong enough to facilitate such an explosion in the number of devices, according to AdaptiveMobile’s chief technology officer Ciaran Bradley. “The concerning thing is when we look at the internet-of-things we’re talking about billions of sensors so if we were to take the current lax approach to security and transfer that across…

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Android app Malware steals two-factor SMS codes, hijacks big Australian banks systems

Millions of customers of Australia’s largest banks are the target of a sophisticated Android attack which steals banking details and thwarts two-factor authentication security. Commonwealth Bank, Westpac, National Australia Bank and ANZ Bank customers are all at risk from the malware which hides on infected devices waiting until users open legitimate banking apps. The malware then superimposes a fake login screen over the top in order to capture usernames and passwords. The malware is designed to mimic 20 mobile banking apps from Australia, New Zealand and Turkey, as well as…

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White House Proposes $19 Billion Budget Allocation for Cybersecurity

US President Barrack Obama is seeking a 35 percent hike in cybersecurity funding in his final budget to boost the capability of the federal government to defend itself against cyberattacks. The proposed $19 billion request, which represents one of the largest increases ever sought in this area, comes as Congress and the public have witnessed an alarming series of intrusions in recent years against targets ranging from Target and Sony to the Pentagon and the Office of Personnel Management. The proposal is part of a larger package of initiatives the…

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Apple under pressure to scrap controversial policy of permanently disabling repaired iPhone 6s

Apple has come under pressure to scrap its controversial policy of permanently disabling repaired iPhone 6s when software is upgraded, following a global consumer backlash and claims the company could be acting illegally. At least one firm of US lawyers said it hopes to bring a class action against the technology giant on behalf of victims whose £500 phones have been rendered worthless by an Apple software upgrade. In the UK, a barrister told the Guardian that Apple’s “reckless” policy of effectively killing people’s iPhones following the software upgrade could…

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Here the 10 biggest 2016 startup opportunities

Staff Writer
Mobile Apps

The year 2015 was all about drones, virtual reality, 3D printing, and the Internet of Things (IoT). This year, venture capitalists and industry observers say the tech world should expect more of the same. “Most hot startups in 2016 won’t be trying to lead revolutions or usher in whole new industries,” says Igor Shoifot, an investment partner with TMT Investments. “Instead, they’ll be enhancing existing technologies, products, services, or transactional ecosystems by saving users time, money, effort, and helping them make better choices more easily.” However, according to CIO, the…

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