E-Business
Safer Internet Day Highlights Africa’s Online Challenge
Yesterday the world marked Safer Internet Day, a reminder that emerging online issues like cyber bullying and harmful online experiences continue to pose a threat to users, especially, the youth.
Mobile telecommunications services provider Uswitch claims over half of 12 -15 year-olds have had some form of harmful online experience, one in eight young people have been bullied through social media, and 53% of 11-16 year-olds have seen explicit material online.
Uswitch has also found that six in ten parents are aware of the various technical tools and parental controls available, but only a third actually use them.
The company has emphasised the role of parental controls, which it explains is a set of measures and limits you can apply to your child’s internet devices and accounts to prevent access to upsetting or inappropriate content online.
Uswitch identifies several types of parental controls, including websites, smartphones, online gaming and streaming, which can be used to manage search engines, prevent money being spent online, keep track of your child’s location, to teach cyber safety habits and etiquette, and implement screen time limits.
Max Beckett, broadband expert at Uswitch.com says: “With the online world becoming increasingly intertwined with our children’s lives, parental controls should be a tool that all caregivers know how to use. Sadly, with only one in three parents currently using the controls available to them, there needs to be a better understanding on how to use them.
“It’s very easy to stumble upon harmful content on the web, so it’s natural that we would want to protect our children from that. However, parental controls are useful for much more. They give us the ability to teach our children how to use the internet wisely, and what is trustworthy or not — which are critical life skills in this day and age.
“While it’s frustrating that different devices and platforms all have different sets of parental controls, setting them up on as many devices as you can is the best way to plug all the gaps. It will help you ensure that your child can enjoy everything they want from the internet with minimal risks to their safety.”
Africa under attack
The message to do as much as possible to make the internet safer is amplified by market research from cybersecurity specialists like Check Point.
According to the Check Point Software 2022 Security Report, Africa experienced the highest volume of cyber attacks in the world last year. The company stressed that organisations and consumers must become more aware of the threats they face in the digital landscape.
During the past six months, Check Point Research has seen an increase in cyber attacks targeting the government, insurance, and finance sectors in South Africa.
The company adds that on average, there have been more than 1 450 attacks per week in the country.
“This trend will likely continue over the coming months as more threats start coming from cloud and mobile platforms. Threat actors will not limit their focus to South Africa and will potentially target countries across the continent,” says Check Point.
It points to the impact of cloud adoption in Africa and the emergence of supply chain attacks, as well as of remote workers and increasing concern over malware.
Check Point anticipates that these supply chain attacks will continue through 2023 with a significant amount of risk coming from the open source community.
“Typically, suppliers relying on these open source systems have not properly vetted them or have been lax in managing these environments, resulting in cybersecurity weak points emerging,” Check Point continues.
Globally, ransomware was the number one threat in 2022. Uncertainty across the various African economies around service delivery and critical infrastructure will likely see more countries face cyber attacks targeting the government.
According to Check Point, the number of cyber threats reported to the Kenyan National Cyber Crime Centre (NCC) in the first quarter of the 2022/23 year rose by almost 200%.
The Communications Authority of Kenya (CA) said the number of cyber attacks detected in the country in the three months ending September 2022 stood at 278 million. This is almost three times the number of threats reported in previous quarter.
The country has implemented a number of initiatives to strengthen its cybersecurity infrastructure, including the establishment of the National Cyber Security Authority and the National Computer Incident Response Team (National KE-CIRT/CC).
Their mandate is to coordinate response and manage cybersecurity incidents nationally and to collaborate with relevant actors locally, regionally, and internationally.
“There is simply no respite from ransomware and increasingly sophisticated cyberattacks. This puts users under increasing pressure to keep up to date with the latest trends in the threat landscape. We know that these criminals are continually evolving in how they develop and perpetrate attacks.
“With smaller, more agile malicious groups looking to exploit any potential weak points in company and end user defences, people cannot afford to not take cybersecurity seriously,” says Pankaj Bhula, Regional Director for Africa at Check Point.
President Bola Tinubu said that his administration has initiated a project to install fibre optic cables across the country, aimed at enhancing the socio-economic development of Nigeria.
His plans were contained in a speech he delivered at a joint session of the National Assembly in commemoration of Democracy Day on Thursday, June 12.
He said the fibre optic layout is part of other projects being embarked on.
“In addition, we have embarked on an ambitious project to lay fibre optic cables across the nation, a transformative step toward bridging the digital divide and fostering greater connectivity.
“This initiative promises not only to enhance the speed and reliability of internet access but also to revolutionise how businesses operate, how students learn, and how communities stay connected,” Tinubu stated.
He maintained that by extending this critical infrastructure, his government is empowering entrepreneurs, enabling digital education, and providing the tools for our youth to compete in a globalised world.
In a most recent report on Internet connectivity, The ICIR pointed out how Nigeria has faced setbacks in its deployment of fibre optic cables and needs a transformation.
The challenges revolve around vandalism, inadequate coordination between road construction and telecom infrastructure, and varying right-of-way (RoW) charges across states.
Among industry experts, these issues impact network outages, increase repair costs, and hinder broadband expansion efforts.
It has also further threatened the digital economy, leading to slower Internet speeds, dropped calls, and unreliable connectivity among others.
African startups raised more than $345 million across 65 deals in May, more than double the amount raised in the same period of last year, according to a report by Briter, a research and business intelligence firm.
The report disclosed that both the number of deals and participating companies declined, confirming a growing trend of fewer companies raising funds in larger sizes.
It said fintech attracted the highest share of funding in May, accounting for 34 percent of the total, while cleantech followed closely, driven by a debt deal from Sun King. The company raised $80 million (in local currency) to expand clean energy access in Nigeria.
“Equity remains the primary instrument in terms of total value. There’s no doubt about it; in fact, equity deals with disclosed amounts captured more than half of the total funding volume in May.
“However, debt financing is increasingly proving its weight. Although it accounted for only 8 percent of all deals, it represented 32 percent of the total funding, highlighting the typically larger size of debt transactions. With the rise of specialised vehicles targeting early-stage businesses, debt is becoming an increasingly important part of Africa’s innovation funding landscape,” it said.
Briter’s report added that grants continued to play a vital role in early-stage support, especially in the education technology (EdTech) sector. The Mastercard Foundation led the pack in grant activity, funding a new cohort of EdTech innovators in Nigeria and Kenya. Each selected startup is set to receive $100,000 in grant funding, in addition to mentorship and business development support.
Multilaterals also made a strong showing in May, it said. The Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, issued a $179.6 million guarantee to CleanTech firm KOKO Networks. The support will help scale its clean energy solutions across Kenya.
“This deal not only demonstrates growing international confidence in African climate ventures but also signals a promising pathway for other asset-intensive startups in clean cooking, agriculture, and renewable energy,” the report said.
From a geographic perspective, Egypt emerged as the continent’s fundraising powerhouse for the month, contributing 51 percent of all funding raised. The country recorded 12 deals across equity, debt, and bond instruments. Notably, FinTech platform MNT-Halan raised $50 million through a bond issuance, further illustrating the diversification of capital-raising mechanisms in the region.
Outside Egypt, funding was distributed across Africa’s three other key markets, which are Egypt, Nigeria, and Kenya, with limited activity recorded in countries such as Ghana, Tunisia, Morocco, and Uganda, each registering between one and three deals.
In terms of exits, the African tech landscape continues to mature. Three companies—Baobab+, Qardy, and Shopa—were acquired in May, bringing the total number of exits this year to 22. This already surpasses last year’s count for the same period. Qardy was acquired by Catalyst Partners Middle East (CPME) in a disclosed deal valued at $23 million, the report added.
By Nancy Werteen
When you get anti-hacking advice, you’ve probably heard “Don’t use a simple password,” or “Don’t plug in that USB you found on the ground.”
But there’s one form of hacking that doesn’t always require a computer, and it costs businesses about 4.88 million dollars a year.
Modern hackers aren’t trying to get into your computer; they’re trying to get into you.
“They’ll try to learn about you a little bit, and they’ll try to use that information against you to try to get you to complete some action, maybe to send somebody some money,” said Kevin Moran, PhD, Assistant Professor of Computer Science, Cyber Security and Privacy Cluster, University of Central Florida.
IBM calls this human hacking, because it exploits human error instead of system error.
“With people just being busy and maybe not very carefully checking some of the emails or the phone calls that they get, can be something unfortunately that people can fall victim to,” said Moran.
Also known as social engineering, this often takes the form of phishing, where the hacker tries to “fish” the information out of you by impersonating family, friends, or even your bank.
There’s also baiting, where the hacker baits you with something of value. Remember the Nigerian prince scam?
That’s a famous example of baiting. There’s also pretexting, where the hacker will claim the victim has already been hacked, and that the hacker can fix it if you just send over your passwords. So, what can you do?
“Just as a rule of thumb, instead of clicking on links and emails, just go to the website yourself. And that will prevent, a lot of these types of attacks from happening,” explained Moran.
Phishing can take many forms.
Spear phishing targets people with access to confidential information, often to get access into an entire business, and whale phishing targets CEOs or political figures.
Search engine phishing is when hackers create fake websites promising services or goods you’ll never receive.
Angler phishing is when hackers create fake social media accounts impersonating famous people or companies.
Finally, vishing and smishing is phishing done through phone calls and texts respectively.
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