66% of Nigerian organisations vulnerable to phishing attacks - Sophos - Breaking News Nigeria
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66% of Nigerian organisations vulnerable to phishing attacks – Sophos

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Next-generation Cybersecurity Company, Sophos has decried the rising metrics of cyber attacks on Nigerian companies, saying it will add in worsening the ailing Nigerian economy. 

Announcing the findings of its global survey, “Phishing Insights 2021” Sophos revealed that  attacks targeting organizations ramped up considerably during the pandemic, as millions of employees working from  home  became a prime target for cybercriminals.

It claimed that about 66 per cent of IT teams in Nigeria said the number of phishing emails targeting their employees increased during 2020.

Sophos’ Principal research scientist,  Chester Wisniewski,  said:  “Phishing has been around for over 25 years and remains an effective cyberattack technique. One of the reasons for its success is its ability to continuously evolve and diversify, tailoring attacks to topical issues or concerns, such as the pandemic, and playing on human emotions and trust.

“It can be tempting for organizations to see phishing attacks as a relatively low-level threat, but that underestimates their power. “Phishing is often the first step in a complex, multi-stage attack”. 

The report said attackers frequently use phishing emails to trick users into installing malware or sharing credentials that provide access to the corporate network.

The findings also reveal that there is a lack of common understanding about the definition of phishing.   For instance, 55 per cent  of IT teams in Nigeria associate phishing with emails  that falsely claim to be from a legitimate organization, and which are usually combined with a threat or request for information. Forty-five percent consider Business Email Compromise (BEC) attacks to be phishing, and more than one-third, which translates to 34 per cent think threadjacking – when attackers insert themselves into a legitimate email thread as part of an attack – is phishing.

However, the good news is that most organizations in Nigeria, representing 86 per cent have implemented cybersecurity awareness programs, comprising  computer-based training programs, human-led training programs, and phishing simulations  to combat phishing. 

  Wisniewski said that no matter the strategy,  the ideal would be to prevent phishing emails from ever reaching their intended recipient. “Effective email security solutions can go a long way towards achieving this, but this should be complemented by alert and primed employees who are able to spot and report suspicious messages before they get any further.”

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Google Announces Plan To Invest $1bn To Support Digital Transformation In Africa

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Google has announced its plan to invest $1billion over five years to support digital transformation in Africa.

CEO of Google, Sundar Pichai, announced this on Wednesday at the Google for Africa event.

According to him, the investment will include the landing of the subsea cable Equiano which will enable faster internet speeds and lower connectivity costs.

It will also include low-interest loans to help small businesses and equity investments in African startups.

Since 2017, Google has trained 6 million young Africans and business owners in digital skills.

Google has also supported more than 50 non-profits across Africa with over $16 million of grants and enabled 100 million more Africans to access internet services for the first time through Android.

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U.S. firm releases App for crypto, audio conversation community

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U.S. firm releases App for crypto, audio conversation community

The crypto and audio conversation community now has a new App. The APP is known as GistHouse. In a statement sent from the United States headquarters of the GistHouse, announced the release of the most valuable product (MVP) and beta version of the Afrocentric audio-conversation App.

Gistcoin, the crowdfunding vehicle for the GistHouse Project, has also gone into public crowd sale.

The Founder/CEO, Dr. Ope Banwo, said enthusiasts were free to apply for the free download of the most valuable product iteration of the app.

Dr. Banwo said: “GistHouse is the Afrocentric response to the growing audio conversation industry. The app not only builds upon the features already existing in first-generation audio apps like Clubhouse, Green Room, and Twitter Spaces, it actually takes the game to another level that will automatically allow users to maximize their conversations, gamify their communities and monetize their experience on the GistHouse audio-gisting social media platform.”

The firm’s Director of Technical Services, Mr. Segun Awosanya, said: “What we have done is to take notes of most of the user frustrations on the few existing audio platforms, and built our whole ecosystem to solve those problems while also introducing new and exciting features that will make Gisthouse the go-to app on audio conversations all over the world.

“GistHouse, unlike other apps in its genre, recognizes that YOU, the User, is the King and we have factored in many game-changing features to reward you for being an active user on our ground-breaking app”

He added: “Get rewarded with GISTCOINs when you open your account during the opening month of October, get rewarded with GISTCOINs when you open your first room and for achieving follower milestones. Ability to monetise your content immediately inside the app. Gamify your community and deepen interactions and participation by your community members with a built in token. You can now. Get paid by sponsors to sponsor your rooms.

“As a content creator, you can now Buy and sell your content right inside the app. Room Conveners, GistMods, Gisters and Gistees can now give and receive tips in transferable and Monetizable tokens. Users can Gamify their community with ease with a unified borderless GistCoin token that eliminates global currency exhangeeabilty. Users, who are actually the ones creating value on any platform, can now Get compensated for life by Gisthouse for everyone they referred to the Gisthouse community. This is huge for influencers with massive followers they can introduce to the app (you get compensated for life for every follower or friend you refer to the app).”

The Gisthouse also announced major incentives for adopters of the free audio platform during its Beta stage.

“Early downloaders and users of the free Gisthouse app between now and December receive benefits that have not been previously offered by other apps. Specifically, selected new users during the beta phase (October to December) will be rewarded in appreciation of their early faith in the app:You get paid with transferable utility tokens for opening your GistHouse account. You get utility tokens for creating rooms. You rewarded for life for inviting your friends to join the app. You get rewarded in tokens for achieving followership and club milestones on the app.”

The PR Consultant for Gisthouse in Africa, Mr. Samuel Olatunji, said: “With the release of an advanced MVP and beta version of the GistHouse App to the public, GistHouse management is signaling to the global community, and its crowdfunding supporters through the gistcoin token sale, that the GistHouse Project will not be like most crowdfunded projects that never saw the light of day for a year. The management will continue to surprise the market by staying ahead of its timeline as explained in its whitepaper.”

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PSG vs Man City: Old friends reunite in Champions League clash

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It was called the ‘Oil Money Derby’ last season.

When Paris Saint-Germain faced Manchester City in the Champions League earlier this year, both clubs were fighting to a place in the final.

The two teams have conquered Ligue 1 and the Premier League repeatedly. This was the holy grail. The one they really want after investing quite heavily in players and managers.

Over the two legs of the semi-final, City proved to be superior, with Riyad Mahrez particularly the star of the show.

The languid Algerian winger began his career in the lower rungs of French football. To be the destroyer-in-chief of PSG would have given him immense satisfaction.

However, this summer, a genuine superstar arrived in Paris.

Lionel Messi.

He needs no introduction. City’s manager Pep Guardiola knows all about him. For four years, they worked together at Barcelona, bringing every team in football under their spell of mesmeric football, winning trophies for fun.

Guardiola tried to recruit Messi last year, but Barca stood their ground, despite a burofax from the player asking to leave.

This year, however, the LaLiga giants were powerless about the 34-year-old’s exit. But instead of City, he has rocked up with former pal Neymar and compatriot Mauricio Pochettino in France. Messi has since made it clear he wants to win the Champions League again.

Guardiola knows all about Pochettino too. From their time in Spain and England.

But this is the grandest stage. The one they are both desperate to win for their respective clubs. The one they have been backed with the staggering riches of the Gulf Nations.

It might be a reunion of some sort. But the battle line, most importantly, will be drawn.

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