According to data compiled and analyzed by Atlas VPN, hackers attacked businesses more than 22 million times during the last week worldwide. Over 63% of these hacking attempts were malware attacks.
Malware is a type of software that tends to either steal users’ files or encrypt them and render them useless until a password is entered that will decrypt the data. Hackers demand a ransom in order for you to retrieve the password, hence the commonly used name ransomware.
Attacks monitored also include phishing and Command & Control (C&C) attacks.
Phishing is the fraudulent attempt to obtain sensitive information such as usernames, passwords, and credit card details by pretending to be a trusted figure, such as a bank employee or even your colleague.
A Command & Control (C&C) attack is when hackers attempt to take over control of a system and then steal or delete data. C&C attacks can also be used as a part of a phishing scam or a way to infect the network with malware.
Atlas VPN has extracted and organized the data acquired from a cybersecurity giant Akamai, that provides real-time data on cyberattacks that their corporate customers are under. They catch a significant amount of attacks globally since they are one of the largest distributed computing platforms in the world. They are responsible for serving between 15%-30% of web traffic globally.
On average, there were 3.26 million cyberattacks daily throughout last week. From the chart, we can see that hackers carried most cyberattacks on April 15, with a total of over 3.6 million intrusion attempts. Interestingly, most of these cyberattacks were malware attacks.
The reason being, it is usually the easiest way to infiltrate companies’ networks and to steal or freeze data and to demand a ransom. On average, there were 2,070,297 malware attacks per day during last week. Malware attacks comprised 63% of the total attacks.
In comparison, phishing attacks and C&C attacks comprised 11% and 26% of total attacks, respectively.
It seems that even some hackers took the last Saturday (April 18) off, since there were -12% fewer attacks than the average day.
Compared to the previous week, (April 6-12) where the total volume of attacks was 23,807,517, this week hackers attacked enterprises around 1 million times less.
During the last 30 days, cybercriminals tried to infiltrate corporate networks nearly 100 million times.
Hackers attacked businesses using malware over 57 million times. This comprises almost 58% of the total cyber attacks.
Moreover, C&C attacks were the second most common type used by hackers with over 27 million attacks in the last 30 days. In other words, C&C amounts to over 27% of all attacks on enterprises.
Finally, phishing scams are the least common type of attacks used by hackers, with a total of over 15 million attacks in the same time-frame. This accounts for over 15% of the total volume of attacks.
It seems that hackers do not have a preference for the day of the week or the time of the month for cyberattacks.
The smallest number of total attacks happened on March 23 (Monday) and April 18 (Saturday).
In contrast, the most active days were April 5 (Sunday) and April 6 (Monday). In these two days alone, cybercriminals tried to infiltrate corporate networks 8,821,850 times.
As mentioned in the methodology, Akamai services around 15-30% of web traffic worldwide. Meaning, at most, they are able to detect less than one-third of the total attacks.
Taking this into account, a conservative estimate of the total volume of hacker attacks on business per month could reach a staggering 300,000,000, yes 300 million.
If we would lean towards the fact that Akamai only catches 15% of cyber-attacks globally, then the number of actual attacks happening per month could reach as much as 600 million.
By these estimations, hackers could be attacking corporations 20 million times per day globally.
This is a rough estimate; however, the numbers do not seem so extreme considering the fact that at least 7.9 billion records, including credit card numbers and other highly sensitive information, have been exposed through hacker attacks in 2019.
In 2020, due to the increased internet usage and more people working from home due to the coronavirus pandemic, this could be a record year for both hacker attacks and the number of records breached.
FG to Boost Artificial Intelligence
Federal government on Tuesday announced that it has developed initiatives for the adoption of Artificial Intelligence technology in Nigeria.
The establishment of a Centre for Artificial Intelligence and Robotics in Nigeria (CFAIR) is also expected soon.
The National Information Technology Development Agency (NITDA) said that AI applications enable innovative solutions, improve risk assessment, better planning, and faster knowledge-sharing.
Abdullahi Usman Gambo, director of IT Infrastructure Solution, NITDA, spoke at a workshop in commemoration of International Day for Universal Access to Information (IDUAI) organised by the United Nations Educational, Scientific, and Cultural Organisation (UNESCO).
He noted that AI would open up opportunities for access to information and also help to achieve the Sustainable Development Goals (SDGs) set by the United Nations (UN) in the 2030 Agenda.
Gambo said: “Artificial Intelligence is poised to revolutionize the way we go about our daily lives – from governance to business, legislation to medicine to defence, etc. We can all agree that AI is humanity’s new frontier.
“We have developed initiatives for adoption of emerging technologies such as AI, strengthen cybersecurity, digital skills for digitally excluded citizens while enhancing the regulatory and market environment to increase access to ICTs, and promote seamless access to information.
“We believe AI and associated emerging technologies will completely enhance the speed, efficiency and effectiveness of information gathering during the exchange of data or the ways of communication,” he said.
Delivering his paper, Yushau Shuaib, publisher of PRNigeria, described access to information as the right of the citizens to accurate, transparent, and timely facts and figures.
The former National Emergency Management Agency (NEMA) spokesman stated that governments at all levels have obligations to communicate with people, while the public has the right to know and criticize authorities through constructive engagement.
The media executive, however, appealed to Nigerians not to use social media platforms for fake news dissemination.
“The merits of new media on affordability, accessibility and instant delivery are occasionally marred by the fact that social media is sometimes used to spread fake news”, he said.
Shuaib called for collaboration of stakeholders in ensuring appropriate legislation through public awareness campaigns in order to improve access to universal information.
Samsung Unveils Technologically Advanced 2020 Consumer Products
Samsung Electronics Nigeria has unveiled its 2020 consumer products range. The launch which held in Victoria Island, Lagos showcased the latest in its revolutionary and innovative QLED and Crystal UHD Television Series along with Wind Free Air Conditioners, Side by Side Refrigerators and Drum Washing Machines.
Keeping with its resolve to utilize its transformative ideas and technologies to shape the future and inspire the whole world, Samsung has once again demonstrated its determination to continuously redefine the living space and entertainment of its customers.
According to Mr. Caden Chiyeon Yu, Managing Director, Samsung Electronics Nigeria, “QLED uses exceptional and revolutionary technology which offers an unparalleled visual and auditory adventure from the comfort of your living room. QLED series is available in 4K or 8K and from 58″ to 98”, and was designed with options to fit any space and budget”. For Crystal UHD Television, Mr. Yu said, with cutting-edge Crystal Display, the new Crystal UHD TV will bring high-resolution content to life in a whole new way, delivering a viewing experience like never before in a mainstream UHD TV.
Also showcased at the launch were the new Windfree Air Conditioner, Drum Washing Machines and Side by Side refrigerators. The Windfree Air Conditioner is designed specially with the latest technology to provide coolness in quick time while ensuring that users don’t experience any chills through out its use. It also has an in-built digital inverter which reduces energy consumption by 73 percent. .
The newly introduced drum washing machine of 2020 from Samsung is very efficient and is built with eco bubble technolgy which allows it to provide cleaning of very dirty garments or clothes without the use of water. Futhermore, the new Side by Side Refrigetor was built with Spacemax technology which has enabled Samsung to offer more spacious interior without increasing the external dimentions or compromising energy efficiency.
Also speaking at the event, Mrs. Oluwaremilekun Adesola-Ogunsan, Head, Consumer Electronics, Samsung Nigeria stated that “Samsung understands the economic diffulties currently being experienced in the country and has consistently produced pocket friendly premium consumer products. We are very consistent in our approach as we understand that our customers like the good things of life and we have provided that without compromising our standards”. “So I can say boldy that there is a Samsung for everybody regardless of your income stream” She added.
In 2019, the Samsung consumer range of products received universal praise for its innovative quality and design and numerous pioneering features. This year Samsung has added even more beneficial features which its customers will appreciate in great deal.
CWG Plc Empowers Small Businesses in Nigeria with SME Solution
Pan-African Information and Communications Technology Company, CWG Plc has said the essence of its Enterprise Resource Planning Solution (SMERP) that runs on the cloud is to empower small and medium enterprises in Nigeria and offer them the required tools to manage their entire business.
Mr. Dolapo Orogbemi, Product Manager for SMERP, who disclosed this recently to the media, noted that with SMEs contributing massively to Nigeria’s economy and creating both direct and indirect jobs, SMERP was designed intentionally to help SMEs thrive.
“Since inception, it has been the number one goal for us here at CWG because we have always identified the potential for SMEs once they are provided with the right support.
Thus, SMERP was designed to make available enabling tools for all SMEs across Africa at a relatively affordable price and to also make their business operations lean where they can save more resources to increase profitability,” he said.
Dolapo explained that in support of SMEs, SMERP has provided an effective ERP tailored to the SME market, providing services such as Inventory Management, E-commerce platform, Accounting, Point of Sale and Customer Relationship Management tool.
He argued that one of the major reasons SMEs don’t survive beyond the early stage of their business is due to inadequate funding to scale the business and this has become a default gap in the SME sector.
But with the CWG’s SMERP solution, SMEs can take proper records of their day-to-day business transactions to present to financial institutions as proof of profitability and project business growth for them.
According to him, SMERP’s competitive edge is based on value to the SMEs where they can have access to a complete ERP solution at an affordable price, stressing that the solution enables each SME with special requirements to execute their business needs.
For more information on SMERP kindly visit www.smerp.ng to start a 14-days free trial.
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