E-Business
Report shows Most Cyber Breaches are Caused by Human Error
Check Point® Software Technologies Ltd, a provider of cybersecurity solutions globally, marks Cybersecurity Awareness Month by highlighting the need for each and every individual to prioritise cybersecurity, in both their business and personal lives, in order to fend off the ever-increasing risk of cyberattack.
For companies, cyber risks are increasing all the time. In fact, according to Check Point Research (CPR), attacks increased by 59% compared to last year. Here in Africa, the weekly average of impacted organisations in 2022 is 1 out of 21, with an organisation on the continent being attacked on average 1,896 times per week in the last six months.
A recent World Economic Forum report revealed that 95% of cybersecurity problems are caused by human error, and if you add the global cyber skills shortage to the mix, then you have the perfect storm for a cybercriminal. The 2021 (ISC)² Cybersecurity Workforce Study showed that we are lacking almost three million cybersecurity professionals worldwide.
In light of this, some organisations have started to implement cyber initiatives for their employees. For example, Santander, a multinational financial services company, recently launched an incentive scheme whereby employee responses to phishing attacks are considered as part of the overall company bonus policy.
Check Point Software has also implemented various training initiatives to boost cybersecurity skills in the workforce across Africa. In Kenya, together with Strathmore University, Check Point SecureAcademy runs free training sessions with lecturers and students.
And since 2021 in Johannesburg, together with Get Informed and local partners, Check Point Software has been offering cybersecurity training courses and internships to under-privileged youth in the community.
Having people and staff that are well trained in cyber hygiene is one of the best foundations for good cybersecurity, and so, for Cybersecurity Awareness Month, Check Point Software provides some useful information to help companies identify attacks.
- Phishing: this is a technique that is often successful due to a lack of employee training. Often in the form of an email, it is when a cybercriminal will impersonate a colleague, company or institution to obtain personal data to then sell, use for identity theft or to launch further cyberattacks. It’s important to be careful when receiving emails, particularly any that include an unusual request. You should check the sender address is legitimate, check for grammar errors and any misspelled words, and don’t click on any unfamiliar links or open attachments.
- Malware: this is malicious software that is designed to harm a device or network. In order for it to be successful, the victim has to install such software on their computer, which is usually done by clicking on a malicious link that automatically installs it, but it can also enter through a file such as an image, document or video attachment. Again, it is crucial to be careful when receiving emails that contain links or files, and only download software from official stores.
- Ransomware: this is a type of malware attack that blocks access to systems unless a ransom is paid. For some time now, there has been double and even triple extortion ransomware, capable of blackmailing the victim’s customers too. Like malware, it usually enters a device through a link from a trusted company or a file downloaded to it. Therefore, it is very important not to download anything from an unknown user and utilise multi-factor authentication.
To avoid becoming a victim of phishing, malware and ransomware, Check Point recommends:
- Enabling two-factor authentication: sign into your accounts with both a password and one other method. It could be a question, biometric data or a one-time code sent to your device. This creates an extra layer of security that prevents an attacker from being able to access an account with just a password.
- Using strong passwords: using the same keyword for everything, or simple combinations such as ‘123456’ or ‘password’, is making it too easy for cybercriminals. There are now a multitude of platforms that can generate strong, difficult-to-guess passwords with upper- and lower-case letters, numbers and symbols. Although we can also create them ourselves, it’s important to remember to use different combinations for each service.
- Learning how to recognise phishing: when an attacker sends a phishing email, there are usually some common identifiable traits such as misspellings or the fact that it asks for credentials to be entered. A company will never ask for a customer’s credentials on email. If in doubt, always go to the official page or platform of the company you want to access.
- Always keeping software updated: it is always advisable to update to the latest version of a company’s software as this is the way that they correct security errors of previous versions.
“Cybersecurity Awareness Month is an important time to not only raise awareness of cyber-safety but to drive real action among individuals. Most cyberattacks occur because of human error so it is in our hands to improve cybersecurity, both at home and at work. This is an essential activity in which we all have a part to play,” says Pankaj Bhula, Regional Director for Africa at Check Point Software. “The term ‘If you are not part of the solution, you are part of the problem’ fits perfectly when it comes to cybersecurity and users.”
Over the past four years, gold has risen by more than 400%. The precious metal has long been one of the most traded assets in global financial markets. From its role as a traditional store of value to its sensitivity to inflation, interest rates, and geopolitical uncertainty, gold continues to attract traders seeking efficient and predictable trading opportunities during a period of global uncertainty and high volatility.
JustMarkets
For traders looking to effectively access gold markets, choosing the right trading environment is as important as timing their entry. One of the most popular and effective gold trading platforms is JustMarkets, offering the tools, conditions, and infrastructure to enable traders to achieve their most ambitious gold trading goals.
Tight Spreads on XAU/USD
Cost efficiency is a critical factor in gold trading, especially for active day traders. JustMarkets offers extremely competitive XAU/USD spreads, allowing traders to open and close positions with reduced transaction costs. Lower spreads can significantly impact short-term strategies, where precision and timing are key to effectively entering a trade. By minimizing trading costs, JustMarkets helps traders focus more on market analysis and finding the ideal entry point, and less on overhead.
Fast and Reliable Execution
Gold is recognized for its volatility, especially during the day, especially with economic announcements or geopolitical events. Speed is of the essence in volatile markets. JustMarkets provides high-speed execution of orders, which helps minimize the risks of delays, especially during periods of high volatility. This ensures that traders are able to respond better to market conditions, thereby having better control over trade management.
Flexible Trading Conditions
Each trader has their own approach to gold, ranging from intraday trading to position trading. JustMarkets offers flexible leverage and account types, enabling traders to adjust their exposure based on their risk tolerance and trading style. This flexibility is suitable for both conservative and aggressive traders while still allowing them to access the same global gold market.
Advanced Platforms and Tools
Successful gold trading is based on thorough technical and fundamental analysis. JustMarkets provides access to industry-standard trading platforms equipped with advanced charting tools, multiple timeframes, and a wide range of indicators for recognizing divergences and clear entry points. These features help traders analyze price trends, identify key levels, and plan their trades with greater confidence.
Accessibility via mobile devices and computers via the JustMarkets Mobile Trading app also ensures traders can monitor positions and market movements from anywhere and at any time.
Education and Market Support
Gold is also affected by factors such as inflation rates, central bank policies, and currency fluctuations. Understanding these factors is important for developing a structured trading strategy.
JustMarkets offers resources for traders, which provide information on how global events can impact the price of gold like case studies, daily, bank and weekly analysis. This is a knowledge-based system, which enables the trader to make more informed decisions rather than relying on the price movements of gold.
Trading Activities That Keep Gold Traders Engaged
In addition to the competitive trading environment, JustMarkets also runs various special activities and campaigns that aim to make the trading experience more interesting. At certain intervals, the special activities may include trading contests on specific trading instruments, such as gold, which are highly sought after by traders. This will give the traders an added impetus to keep trading.
The special activities are designed to encourage trading, consistency, and skill-building among the traders, along with the additional motivation for the trading strategies. This is also in line with the overall philosophy of JustMarkets to create a dynamic trading environment where trading, learning, and motivation are linked together.
A Trading Environment Built for Gold Traders
Gold is still one of the most dynamic markets with the greatest number of opportunities in the world. With tight spreads on XAU/USD, fast execution, flexible trading terms, and access to advanced analytical tools, JustMarkets creates an optimal trading environment for those who want to trade gold efficiently.
In addition to the comprehensive educational assistance, JustMarkets continues to position itself as a strong competitor for traders who are looking for professional trading conditions combined with growth opportunities.
Microsoft is stepping up its push to expand artificial-intelligence adoption across Africa as competition intensifies with Chinas DeepSeek for influence in one of the worlds youngest and fastest-growing digital markets.
The company plans to train 3 million Africans on its AI technologies this year through partnerships with schools, universities and other institutions, with a focus on South Africa, Kenya, Nigeria and Morocco.
The effort reflects Microsofts broader attempt to accelerate adoption of its AI ecosystem across emerging markets where developers and enterprises are increasingly experimenting with generative AI tools.
Alongside the training initiative, Microsoft is working with MTN Group (MTNOY), Africas largest telecommunications company, to distribute Microsoft 365 and its Copilot digital assistant to about 300 million subscribers.
The Elevate program is designed to expand AI literacy and reduce cost barriers that might otherwise limit adoption, according to regional leadership.
The push comes as Chinese technology firms expand their footprint across the continent, with DeepSeeks open-source models accounting for roughly 11% to 14% of chatbot use in several African markets and reaching about 20% in countries such as Ethiopia and Zimbabwe following investments tied to digital infrastructure and telecom networks.
Microsoft is also increasing its infrastructure investment in the region.
In South Africa, the company plans to invest 5.4 billion rand, or about $330 million, to expand its cloud and AI capacity by the end of next year, while it is also exploring plans for a geothermal-powered data center in Kenya.
Early corporate adoption is emerging across the continent, with South African grocer Spar Group using Copilot in ways that save more than 700 employee hours annually and Nigerias Access Holdings integrating AI into daily workflows.
Regional leadership has suggested broader AI adoption could potentially contribute up to $1.5 trillion to Africas gross domestic product by 2030 if governments and businesses continue investing in digital infrastructure and AI skills.
Kaspersky Global Research and Analysis Team (GReAT) has uncovered a new Android malware campaign in which cybercriminals distributed the BeatBanker Trojan under the guise of the Starlink application for Android.
Threat actors primarily target users from Brazil; nevertheless, Kaspersky experts don’t rule out that users from other countries may also face this threat.
The Trojan employs a Monero cryptocurrency miner and additionally installs a BTMOB remote administration tool (RAT) on the infected devices. To maintain its persistence, BeatBanker uses an uncommon mechanism involving a nearly inaudible looped audio file.
“At first we saw BeatBanker being distributed under the guise of a public services app; it installed a banking Trojan in addition to a cryptocurrency miner. However, our recent detection efforts uncovered a new campaign with another BeatBanker variant that deploys the BTMOB RAT instead of the banker module.
The attackers appear to be using a fresh lure with the Starlink app to reach more victims from different countries. Therefore, it is important for users to stay vigilant and use advanced solutions to protect their smartphones,” comments Fabio Assolini, Head of the Americas & Europe units at Kaspersky GReAT.
Initial vector of infection
Kaspersky experts believe that cybercriminals distribute a fake Starlink application containing the BeatBanker Trojan through phishing pages that mimic the Google Play Store. After execution on a compromised device, the Trojan displays a user interface that also mimics Google Play. Cybercriminals trick victims into granting installation permissions, thus allowing the download of additional hidden malicious payloads.
Crypto mining and BTMOB RAT module
When a user clicks UPDATE on the fake Google Play page, a Monero cryptocurrency miner deploys. BeatBanker monitors battery percentage and the temperature of an infected smartphone, as well as user activity after which a hidden cryptocurrency miner is started or stopped.
The Android Trojan also installs a BTMOB RAT on the compromised device. BTMOB enables full remote control and is sold as Malware-as-a-Service.
It is capable of automatic granting of permissions, hide system notifications and has mechanisms designed to capture screen lock credentials, including PINs, patterns and passwords on compromised devices. The malware also gives cybercriminals access to the front and rear cameras, GPS location monitoring and constant collection of sensitive data.
To ensure persistence and hinder uninstallation, BeatBanker maintains a fixed notification in the foreground and activates a foreground service with silent media playback. This tactic is designed to prevent the operating system from removing the malicious process.
Kaspersky’s products detect this threat as HEUR:Trojan-Dropper.AndroidOS.BeatBanker and HEUR:Trojan-Dropper.AndroidOS.Banker.*.
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