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Cyberoam 2014 IT Security Predictions Cite Hyper Attacks Underway

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Cyberoam Technologies Private Limited, a global Network Security appliances company with a careful analysis of security and IT trends in the most recent past and a strong foresight that comes from years of industry experience and intelligent extrapolation of the past and the present, on Friday released it security predictions for 2014.

Cyberoam offers future-ready security solutions to physical and virtual networks in organizations with its Next-Generation Firewalls (NGFWs) and Unified Threat Management (UTM) appliances.

Thus, in its intelligent analyses of IT security in the new year came up with the following ten (10) predictions.

“Client-Side Software Exploits” – It Will Be!

Cyberoam Threat Research Labs foresees an increase in Client-side software exploits compared to the Server-side in next few years.

2013 has seen numerous such exploits where base client software like Microsoft and Adobe were exploited to spread the attack vectors across the network.

The recent Microsoft advisories indicating client side exploits also support this prediction. Reasons for this hike include increased scope of exploitation with increase in attack vectors, higher base of users who use these softwares, and lastly, the money involved in it.

The exploit kits used to exploit server side vulnerabilities cost much less than client side exploit kits, indicating the premium the latter demand. Realizing that client side exploits will bring in more money, the focus on exploiting client-side vulnerabilities will increase too!

Attack Vectors To Get More Intelligent

Attacks in 2013 have left us with one clear picture – the rising sophistication and professionalism among attackers. In times to come, Cyberoam predicts attacks, wherein the attackers will get more specific, both in terms of their objective and attack strategies.

Gone are the days when attacks were meant for the masses. Attackers now know whom and how they would attack and they are changing their attack strategies to hit straight on the bull’s-eye rather than shooting in the dark.

In addition to this, few attacks from 2013 indicate the evolution of attacks including proven components from already-used attacks, combined to form more detrimental attacks.

Attacks On Industrial Control Systems & Scada Systems To Continue

The amplified impact that an attack on Industrial Control Systems (ICS) can cause, justifies the interest attackers have on such systems. ICS/SCADA system attacks can cause catastrophic damage not only to a single unit but at times to an entire country/province.

It is the spread of impact compounded with lack of adequate security available in such systems that have made ICS/SCADA networks a lucrative target for attackers. As per statistics, there were 198 cyber attacks in 2012 and the numbers increased to 240 in 2013. Cyberoam predicts further rise in such attacks on ICS/SCADA networks in 2014 and beyond.

New Exploit Kits Will Be Explored And Used

Use of Blackhole exploit kit for attacks is a known fact. It is no secret that it was used extensively for attacks in the past. But with the arrest of ‘Paunch’ in 2013, the man behind the Blackhole exploit kit, new exploit kits are slowly showing up. In addition to this, as attacks utilising Blackhole exploit kit have been exposed, it emerges as a need among attackers to come up with new ways to target their victims.

Also, with recent trends showing rise in exploits based on client side vulnerabilities, Cyberoam predicts that this menace is only going to aggravate.

Increase In Need For Context-Aware Security

With increase in number of security features or solutions in an organization’s network to tackle emerging security risks, the job of security professionals is getting more complex. With rising number of devices, users and applications to monitor, this becomes even more difficult. The volume of data that the security appliance(s) offer on various parameters is becoming a problem for network administrators, presenting a need for context-aware security that enables faster decision making and action with the security intelligence it offers.

Cyberoam predicts an increase in demand for context-aware security for 2014. The rising need in context-aware security goes in continuation with Cyberoam’s prediction in 2013 regarding the rise in need for User Threat Quotient & Device Threat Quotient.

Security of Hybrid Cloud

In a generation of increased mobility where tablets and smart devices are displacing desktops and paper-based processes, more users are turning to Cloud, specifically the Hybrid Cloud, as it offers more efficiency , business optimization, access to real-time data and always-on availability.

However , the ability of Hybrid clouds to burst into the public cloud space when necessary is bringing up security concerns.

Although this capability is particularly useful to organisations, it may be a call for danger and users and security vendors are realizing this. Cyberoam predicts an increase in demand for security in Hybrid Cloud environments.

Browser-Based Attacks Are Still Hot!
In a bait to achieve sure-shot infection and victimize users, use of browser-based attacks like Water hole will further rise. This will include a rise in exploitation of browser vulnerabilities and also use of malicious websites. Attackers will continue to target users by directing them to trusted and commonly visited URLs which would be infected with malicious codes.

Water hole mechanism includes cyber offenders infecting websites that are frequently visited by their targets. In 2013, many have already agreed on the rise seen in watering holes. In fact a lot of hackers that were using spear phishing attacks to target users have also started using watering holes.

Mobiles Still Remain A Darling Of Malware Attackers And Exploits

Increasing base of smartphone users is a primary reason for attackers to find interest in attacking those devices. In addition to this, users use their personal devices to access work emails and connect to company networks, which aggravates this interest further.

Applications are the backbones of smart phones and most of the mobile apps lack adequate security, adding to the misery of security on mobile devices.

All of these factors collate to increase the interest attackers have in smart devices. 2014 is sure to experience newer and sharper mobile threats

“Internet of Things” Adds Security Risks For Home Devices

IOT- ‘Internet of Things’ is something we all are waking up to, these days. Everything seems to be on the Internet! Right from our work to social lives, and storage needs, Internet has also opened its doors to home devices now! As more and more home devices get connected to the Internet, it is obvious that attackers will soon find their way through them too.

Cyberoam predicts a rise in need for security solutions for home devices, besides your office devices. Because one thing is evident – the level of risk and quantum of vulnerability is similar, irrespective of whether the device resides in your home or in your office network.

Windows Users At Risk As Windows XP Comes To End-Of-Life
As Microsoft decides to stop supporting Windows XP after 8th April 2014, users will need to upgrade to newer Windows versions, and so will the attackers shift their focus to these versions.

Moreover, users who still continue to use Windows XP, will not have their vulnerabilities patched, leaving them open to exploits.


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E-Business

Confronting the Google Monolith: Survival Strategies for Online Businesses

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By Reuben Kalu.

In the vast expanse of the digital realm, Google looms large, an omnipresent force shaping the way we navigate, search, and conduct business online.

From its humble beginnings as a search engine to its current status as a multifaceted tech behemoth, Google has entrenched itself deeply into the fabric of the internet.

Its influence is undeniable, its reach unparalleled, and its ubiquity seemingly inescapable. But can you truly run an online business without Google?

The answer, in today’s digital landscape, is a resounding no. You have no choice.

Google’s dominance extends across multiple facets of the online world, making it virtually impossible for businesses to thrive without engaging with its ecosystem.

From search engine optimization (SEO) to online advertising, email services to analytics, Google’s suite of products and services permeates every aspect of the online business landscape.

Attempting to operate without Google is akin to swimming against a relentless tide, fighting an uphill battle fraught with obstacles and limitations.

At the heart of Google’s influence lies its search engine, the gateway through which billions of internet users navigate the vast expanse of online content. .

Google’s search algorithms wield immense power, determining which websites rank prominently in search results and which languish in obscurity.

For businesses seeking to attract organic traffic and expand their online presence, optimizing for Google’s search algorithms is not merely advisable—it’s imperative.

But Google’s influence extends far beyond search. Consider Google Ads, the company’s advertising platform that enables businesses to reach targeted audiences through paid search, display, and video advertising.

With billions of searches conducted on Google each day, Google Ads provides unparalleled reach and visibility, allowing businesses to target potential customers with pinpoint accuracy.

Attempting to compete in the online advertising arena without leveraging Google Ads is akin to entering a battle unarmed—a futile endeavor destined for failure.

 

Moreover, Google’s suite of productivity tools, including Gmail, Google Drive, and Google Workspace, has become indispensable for businesses seeking to streamline their operations and enhance collaboration.

With seamless integration across devices and platforms, Google’s productivity tools offer unparalleled convenience and efficiency, empowering businesses to work smarter, not harder.

Attempting to eschew Google’s productivity suite in favor of alternative solutions is not only impractical but also unwise, depriving businesses of the tools they need to succeed in today’s fast-paced digital landscape.

Furthermore, Google Analytics stands as the gold standard for web analytics, providing businesses with invaluable insights into their online performance and audience behavior.

From tracking website traffic and user engagement to analyzing conversion metrics and customer demographics, Google Analytics offers a comprehensive toolkit for optimizing online marketing strategies and driving business growth.

Attempting to gauge online performance without leveraging Google Analytics is akin to flying blind, devoid of the critical data needed to make informed decisions and drive meaningful results.

But perhaps the most formidable aspect of Google’s influence lies in its role as a gatekeeper of information and access.

With billions of users relying on Google’s platforms and services each day, the company wields immense control over the flow of online traffic and the dissemination of information.

For businesses seeking to connect with customers and expand their reach, Google’s dominance presents both a tremendous opportunity and a formidable challenge.

Attempting to circumvent Google’s influence and establish an online presence independent of its ecosystem is a Herculean task, fraught with uncertainty and risk.

In essence, attempting to run an online business without engaging with Google is akin to swimming against a relentless tide, fighting an uphill battle fraught with obstacles and limitations.

While alternative platforms and solutions exist, none possess the ubiquity, reach, and influence of Google’s ecosystem.

To thrive in today’s digital landscape, businesses must embrace Google’s dominance and leverage its suite of products and services to their advantage. You have no choice.

In conclusion, Google’s pervasive influence permeates every aspect of the online business landscape, making it virtually impossible to escape its grasp.

From search engine optimization to online advertising, productivity tools to web analytics, Google’s ecosystem encompasses a vast array of products and services that have become indispensable for businesses seeking to succeed in the digital age.

While alternative solutions may exist, none possess the ubiquity, reach, and influence of Google’s ecosystem.

To thrive in today’s digital landscape, businesses must embrace Google’s dominance and leverage its suite of products and services to their advantage.

You have no choice.


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Hydrogen Hosts Catalyst Workshop, Highlights Resilient Business Models for Fintech Startups

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As part of its mission to empower African businesses with tools needed to thrive, garner admiration, and foster global acclaim, leading payment solution company, Hydrogen Payment Services Company Limited (Hydrogen), recently partnered with the Co Creation Hub (CcHub), to host the latest edition of the Catalyst workshop in Lagos.

The discourse addressed the potential risks and opportunities for startups and saw experts advise participants on the need to develop resilient business models that would scale across different economic climes.

Moderated by Miracle Ezechi, Digital Marketing Manager, Hydrogen, the panel session addressed dominant issues about the theme: ‘Adapting Fintech Business Models to Economic Climes: Flexibility, Agility and Customer-centricity’.

Mr. Emeka Awagu, Chief Technology Officer, Hydrogen, who spoke as a panellist, addressed the issue of customer-centricity, which according to him, is key to Fintech growth.

He advised startups to listen to customer demands and understand their needs in order to develop the right solutions that will lead to long term market viability.

“Innovation is key for startup growth. However, understanding customers’ needs and change in behaviour will help any startup to innovate better.

“Startups must be flexible and agile to develop solutions with high interoperability and processing speed, and they must be ready to learn from startups that have failed,” Awagu said.

With an estimated 61.07 percent of startups failing, the participants stressed the need for prudence.

“Statistically, a staggering number of startups fail, often due to financial mismanagement. Hence, founders must prioritise understanding and maintaining a healthy the Cost-to-Earnings ratio.

“It is not just a number, but a pivotal indicator of a company’s financial health as well as being a key attractiveness determinant for investors,” Awagu added.

On his part, Ina Alogwu, the Group Director, Digital Transformation, ARM HOLDCO, who also spoke as a panellist at the session, stressed the need for startups to develop sustainable products and solutions that will help them remain competitive in an environment that is faced with harsh economic realities.

“Many startup businesses fail within their first five years, however upcoming startups should not be discouraged, rather develop a culture that will encourage them to understand the reasons for failure and learn from mistakes.

“Startups should not be too rigid with their solutions and should be ready to accept changes that will drive innovation,” Alogwu stated.

Hydrogen will be deepening its economic impact series with a webinar planned for Thursday, April 25, even as businesses across Africa continue to face an array of challenges, ranging from inflation and currency fluctuations to rising operating costs.

Themed ‘Navigating Economic Challenges: Strategies for Sustainable Growth,’ the webinar will delve into key areas critical for businesses to not only survive but thrive in the face of economic adversity. Register using this link – https://bit.ly/Hydrogenwebinar.

Esteemed panellists for this event include Taofik Odukoya, CEO, Vanguard Pharmacy, and Okechukwu Odimgbe, Chief Financial Officer, Hydrogen. The session will be moderated by Nnenna Sam-Obioha, Ecosystem Orchestrator, Hydrogen.

 


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Dexude Secures Funding to Revolutionize Education in Nigeria, Beyond

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Dexude, a leading edtech platform with operations in Nigeria, has announced that it has been awarded the prestigious Business Finland TEMPO funding.

Dexude Secures Funding to Revolutionize Education in Nigeria, Beyond

Charles Emembolu, founder of Dexude,

This significant funding injection marks a pivotal moment in Dexude’s journey towards transforming education through its AI-powered, live-first, expert-led, and community-driven platform.

The Business Finland TEMPO funding is specifically designed to support startups and SMEs aiming for international growth by building their expertise and solutions into international success stories in innovative ways.

Dexude’s commitment to innovation, coupled with its vision to enable a billion learners worldwide, aligns perfectly with the objectives of the TEMPO funding.

Commenting on this milestone achievement, Charles Emembolu, founder of Dexude, remarked, “We are incredibly honored and excited to receive the Business Finland TEMPO funding. This funding is not only a validation of Dexude’s mission to reinvent education but also a testament to the hard work and dedication of our team. With this support, we are poised to accelerate our efforts in democratizing access to quality education and empowering learners across Nigeria and beyond.”

L-r; Kelvin Chikezie, co-founder of Dexude; Kashifu Inuwa Abdullahi, Director-General/CEO of the National Information Technology Development Agency (NITDA); and Charles Emembolu, founder of Dexude

Kelvin Chikezie, co-founder of Dexude, added, “Securing the Business Finland TEMPO funding is a significant milestone for Dexude. It underscores our commitment to leveraging technology and innovation to revolutionize the way people learn and grow. We are grateful to Business Finland for believing in our vision, and we are excited to embark on this next chapter of Dexude’s journey.”

Dexude is on a mission to redefine education by providing learners with access to influential experts and thought leaders, live interactions, and a vibrant community-driven learning experience.

Through its platform, Dexude aims to break down barriers to learning and empower individuals to pursue their passions and unlock their full potential.

 

 

 

 


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