Cyberattack recovery cost surges to $2.73m in 2024 – Report
Post AMUGE
May 8, 2024
Joy Agwunobi Leading cybersecurity firm Sophos has issued a warning about the growing impact of ransomware attacks on businesses worldwide. In its “State of Ransomware” report for 2024, the company reveals a sharp rise in the cost of recovery for businesses hit by cyberattacks, noting that it has risen to $2.73 million up from $1.82 […]
Study finds 2.5 billion personal records exposed in data breaches over 2 years
Post AMUGEDecember 13, 2023
Joy Agwunobi A new study by Apple Inc. has revealed that more than 2.6 billion personal records have been compromised in data breaches in the past two years. This data includes sensitive information such as names, email addresses, passwords, and credit card numbers. According to the study, which was conducted in collaboration with the Massachusetts […]
One out of every 100 mobile users in Kenya and Nigeria affected by Stalkerware, Kaspersky warns
Online EditorApril 30, 2021
As cybersecurity firm urges that mobile threats not to be taken lightly Wale Ameen Online Editor The need for consumers to be extremely vigilant and protective when it comes to their online activities has once again been drawn to the fore with a recent research conducted by renownkn security brand, Kaspersky. […]
Mastercard updates its rules for Banks processing payments to adult content sites
Charles AbuedeApril 14, 2021
Charles Abuede World payment giant, Mastercard Incorporated has announced that it has begun rewriting the rules it earlier set for banks that process payments for adult content sellers. The payment network in a blog post announcement on Wednesday revealed that the depositary banks will now make sure that sellers of adult content will now […]
AON reports 100% surge in E&O cyber matters in 2020
Online EditorMarch 10, 2021
Zainab Iwayemi A report by Aon, the financial risk mitigation service firm has revealed that the year 2020 recorded an average of three new Error and Omission (E&O) cyber matters per business day which is equivalent to a 100 percent increase from 2019. Also, the year 2020 saw a quarterly surge in the average […]
1500 SMEs to benefit from UK grant through Cybersafe
Saviour AdugbaSeptember 14, 2020
As the world shifts towards remote work frameworks and online service delivery, the government of the United Kingdom has put pen to paper to provide a grant for Nigeria’s Cybersafe Foundation to engage in a cybersecurity awareness programme tagged “Safe Digital Community During the COVID-19 Project.” The project is sponsored through the UK’s Prosperity Fund […]
Research finds Nigeria, other African countries not prepared for cyber threat
Samson EchenimFebruary 19, 2020
By Samson Echenim Despite claims of working against cyber attacks by authorities in Nigeria, a recent research has found that Nigerians and citizens of some other countries in Africa are not prepared for cyber attacks. The 2019 KnowBe4 African Report across South Africa, Kenya, Nigeria, Ghana, Egypt, Morocco, Mauritius and Botswana has found that people […]
Data protection: NITDA issues non-compliance notice to 100 companies
Businessam StaffDecember 12, 2019
No less than 100 companies are to be issued non-compliance notices by the Nigerian Information Technology Development Agency (NITDA) for their failure to comply with certain processes of the Nigeria Data Protection Regulation (NDPR) of the agency. The companies, which operate in the financial technology, aviation, and betting sectors, failed to submit their initial data audit as the NDPR […]
Google interfaces startups with UK, African investors to augment $4.3m capital
Omobayo AzeezDecember 3, 2019
By Omobayo Azeez Digital communication giant, Google, has hosted its first Google Startup Week in Lagos, which saw Google Launchpad Accelerator Africa graduates, from across Africa, pitch for funding from some of Africa and the UK’s top venture capitalists (VCs). The programme also marked the completion and graduation of Launchpad Accelerator Africa Class 4 […]
Google sacks workers over data violations on security policies
Businessam StaffNovember 26, 2019
Alphabet Inc. owned tech company, Google has fired four employees for violating its policies on data securities. This move by Google has elicited a lot of reactions from the colleagues of the affected staff who thought the sack was unfair. Google sacked the four employees shortly after a protest where they allegedly collated personal data from colleagues […]