E-Business
How Gen II Security will not Save Your Company from a Gen V Cyberattack
by Rick Rogers
For the first time ever, cyber attacks have emerged as one of the top three risks impacting the world. Along with natural disasters and climate change, the Global Risks Report for 2018, tells us cyberattacks are literally one of the biggest threats we face.
It’s hardly surprising when one considers the scale and might of attacks like WannaCry, which affected thousands of enterprises across the world.
This fifth generation of attacks, or Gen V as Check Point has dubbed it, is not only large-scale, but also multi-vector and even in some cases, state-sponsored.
Gen V attacks literally have the power to shut down entire countries. And the scariest part is that the average business in Africa is still operating with security solutions equipped to combat more simple Gen II or III attacks.
According to Check Point, “while Gen I attacks targeted standalone PCs and were dealt with by antivirus, Gen II saw the start of network attacks, requiring the introduction of firewalls. Gen III then began exploiting vulnerabilities in applications, which was combatted through Intrusion Prevention (IPS).”
Gen IV attacks focused on polymorphic content and involved hackers sending files embedded with malware. To prevent this sandboxing and anti-bot technologies were used.
Not equipped for Gen V
But now to combat Gen V attacks, much more is needed. It’s about prevention (rather than just detection), real-time action and covering the weakest points across cloud and mobile. Siloed security solutions are no longer enough and in order to beat Gen 5, businesses need end-to-end security infrastructure which spans everything from data centres to mobile devices.
“We’ve analyzed our clients and while all of them have antivirus and a firewall, very few have the advanced technology needed to survive a Gen V attack,” says Rogers. “The sad thing is though that the technology to protect against these attacks does exist.”
Check Point’s Gen V Protection against Mega Attacks is a case in point. The technology consolidates all of the isolated security solutions which businesses already have in place and covers those touch points which are lacking.
Africa under threat
This level of comprehensive, end-to-end security is a particularly important focus for government and businesses entities operating in Africa. African countries rank consistently high on Check Point’s monthly Global Threat Index. Botswana, for example, has topped the Index for two months in a row.
Perhaps not surprisingly then, there is a significant appetite across Africa for cybersecurity solutions.
Taking on new territory
As such, the company has earmarked the continent as an important region for growth and investment. “2018 is the first year in which Africa will be viewed on its own as a territory, rather than forming part of the MEA or EMEA region,” says Rogers.
Not only is this a highly positive development from an employment and investment perspective, but it also means that clients of the company will have far greater access to the Check Point team and direct services required for more complex security projects.
New tech
Hackers are exploiting the fact that most organisations rely on older generations of security. As the sophistication and scale of attacks grows, so previous generations of security, which merely offer detection, become less and less effective.
With every successful advancement of malicious activity, a new generation of IT security has been born. Organisations now need advanced real-time threat prevention that protects all networks, virtual, cloud, remote office and mobile operations against the latest generation of cyberattacks.
The need for local businesses to partner with security specialists that can help them remain one step ahead of the game is essential. Check Point is committed to ensuring that organisations have access to a security solution that delivers unprecedented protection against current and potential attacks. Cue Check Point Infinity, a revolutionary security consumption model that enables enterprises to prevent Gen V cyberattacks.
Given the pace at which the cyber security industry operates, remaining future-focused is key. Consequently, as Check Point rolls out Gen V security prevention, it is already focused on the next wave of attacks.
Rick Rogers is Regional Director, for Africa at Check Point Software Limited
Access Holdings Plc and Coronation Group have partnered with Tate Modern to commemorate World Art Day with a virtual session highlighting the global significance of Nigerian modernism.
Access Holdings
The event, titled “In Conversation with Osei Bonsu: Inside Nigerian Modernism,” featured a virtual tour of the Nigerian Modernism exhibition and discussions on the evolution of modern art in Nigeria.
The session brought together staff members across both organisations, reflecting growing institutional engagement with arts and culture as a driver of societal development.
Speaking at the event, Chief Communications and Marketing Officer of Coronation Group, Ngozi Akinyele, emphasised the role of art in shaping identity and national development.
She said that beyond financial capital, cultural and intellectual capital are essential in defining a nation’s prosperity and inspiring dialogue.
Akinyele noted that both organisations were committed to democratising access to art, ensuring it is accessible to a wider audience rather than a select few.
The discussion also featured insights from Tate Modern Curator, Osei Bonsu, and art expert Daniel Wallis, who examined the development of Nigerian modernism and its global relevance.
Bonsu said Nigerian modernism represents an independent reimagining of global art, rooted in the country’s diverse cultural heritage and expressed through unique visual languages.
According to him, the movement challenges narrow, Eurocentric definitions of modernism and highlights the richness of African artistic expression.
The session further underscored the growing international recognition of Nigerian art, particularly through exhibitions at Tate Modern.
Participants also reflected on the visit of Bola Ahmed Tinubu to the exhibition, described as a milestone in promoting Nigeria’s cultural heritage globally.
In his closing remarks, Chief Communications Officer of Access Holdings, Amaechi Okobi, reaffirmed the organisation’s commitment to advancing African narratives on the global stage.
He said the collaboration with Tate Modern aligns with broader efforts to promote dialogue, preserve cultural identity and support the creative sector.
The event reinforced a shared commitment by Access Holdings, Coronation Group and Tate Modern to elevate African art globally and ensure Nigerian cultural narratives continue to shape international conversations.
Nigeria Data Protection Commission (NDPC) has issued a regulatory advisory to data controllers and processors across the country following what it described as escalating threats to Nigeria’s data security architecture.
NDPC
In a statement signed by Babatunde Bamigboye, lead of Legal, Enforcement and Regulations, the commission said its technical assessment revealed that some shadowy threat actors were engaged in coordinated operations targeting financial systems and critical digital infrastructure in Nigeria.
The commission urged public institutions to comply with the presidential directive of Bola Ahmed Tinubu, which emphasises the strategic importance of data in national development.
According to the NDPC, the President had declared that “data is the new oil,” stressing the need for Ministries, Departments and Agencies (MDAs) to rigorously capture and safeguard information in line with the Nigeria Data Protection Act, 2023.
The commission therefore advised all data controllers and processors to urgently strengthen their technical and organisational measures to protect personal data and ensure compliance with the law.
It listed key measures to include the appointment of trained and certified Data Protection Officers, implementation of comprehensive privacy policies and information security standards, as well as conducting Data Privacy Impact Assessments.
Other measures recommended by the NDPC include deployment of robust identity and access controls such as Multi-Factor Authentication, adoption of zero-trust security architecture, prompt remediation of system vulnerabilities, and continuous patch management.
The commission also emphasised the need to secure cloud infrastructure, application programming interfaces (APIs), databases and access credentials, alongside real-time monitoring, logging and threat detection systems.
Further recommendations include encryption and secure credential handling, regular vulnerability assessment and penetration testing of critical systems, as well as routine backup and resilience testing.
The NDPC warned that organisations that fail to implement appropriate data protection measures in accordance with the Nigeria Data Protection Act, 2023 risk legal liabilities.
It reiterated its commitment to providing regulatory support to organisations while ensuring the protection of personal data and strengthening institutional resilience across all sectors.
The forex market across Africa is witnessing more participants and more regulatory attention than it did just a few years ago. This growth is part of a bigger picture: Sub-Saharan Africa is expected to expand by 4.3% in 2026, while global forex turnover already hit an estimated $9.6 trillion daily in April 2025. However, there’s more to it than macroeconomic figures.
The trends reshaping the market are happening from within. Here are six worth paying close attention to.
1. Trading Has Moved to the Phone
The number of people accessing the market via mobile phones exceeds those accessing it via traditional bank systems. GSMA states that in Sub-Saharan Africa alone, there are more than 1.1 billion registered mobile money accounts.
The International Monetary Fund states that digitalisation and increased usage of the internet are changing payment systems in the Sub-Saharan Africa region.
Mobile access changes traders’ behavior. It lowers the barrier to entry and speeds up deposits and withdrawals. Therefore, brokers who can provide a quality mobile trading experience will have a huge advantage.
2. Regulators Are Watching
The market is becoming more structured and more transparent. In South Africa, the FSCA regulates market conduct for financial institutions. In Kenya, the Capital Markets Authority regulates capital markets and maintains a licensing system that includes online forex brokers.
Nigeria’s SEC has publicly warned that online retail forex trading can be subject to abuse when unregulated. It also provides tools for investors to check operators’ registrations.
As a result, in 2026, more traders are likely to favour brokers that can show clear licensing, transparent operations, and stronger investor safeguards.
3. Volatility Varies by Country
A common mistake is perceiving the African market as one entity. In reality, according to RegTech Afrika, there are 21 countries out of a total of 54 that have a chance of seeing their currencies depreciate in 2025, with some of them losing value by as much as 6% or more.
A trader watching the rand, naira, shilling, or cedi, regional headlines needs more than regional headlines. Country-level macro data, central bank moves, and the US dollar will still play a major role.
4. Cross-Border Payment Infrastructure Is Quietly Improving
Platforms like PAPSS are helping make payments across African countries faster and easier to complete in local currencies. According to official announcements of PAPSS, it has become operational in 18 countries across Africa, with its latest launch in Algeria in 2025. It has also become operational in Kenya through a partnership with KCB Group, as well as in Rwanda through a partnership with Bank of Kigali.
Step by step, Africa is becoming a more financially connected continent.
5. Execution Quality Is the New Standard
Data from the BIS shows that in April 2025, three-quarters of FX trades were intermediated by the global centers of the United Kingdom, the United States, Singapore, and Hong Kong. Therefore, the best liquidity and best prices are still linked to global conditions.
For local markets, this raises the bar. Forex traders are becoming increasingly aware that tight spreads, while important, mean little without reliable prices and execution. Brokers like JustMarkets that can bring all of these elements together are in a much stronger position than competitors.
6. Education as a Necessity
Regulatory disclosures from major global brokers illustrate how tough it is to trade without proper knowledge. According to publicly available disclosures, between 70% and 80% of retail investor accounts lose money when trading CFDs.
Forex traders who understand risk management and which financial news to follow have a better chance of surviving the market. Brokers who invest in education are more likely to be seen by traders as valuable partners rather than mere facilitators.
The Market Rewards the Prepared
Africa’s forex market in 2026 is shaped by volatility, stricter rules, and mobile-first trading. The traders who combine market knowledge with the right tools and the right broker will find real opportunity here, while those who don’t adapt will find the market increasingly unforgiving.
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