Rising Concerns in Cyber Security

  Rising global apprehensions in cyber security were once again highlighted on Friday, 12 May 2017, when the world experienced the wrath of a well-coordinated Ransomware attack, known as WannaCry. Watch Tope Aladenusi, Head, Cyber Risk Services, Deloitte West Africa, as he joins other discussants on CNBC Africa to examine the “Rising concerns in Cyber Security”.

Protecting yourself and your organization from ransomware

There was a time in Nigeria when kidnapping was the order of the day. Recently we have heard of high profile kidnappings where the abductors would take innocent people and demand a ransom from their family members and loved ones before they are released. It may interest you to know that cybercriminals have designed mechanisms whereby they can also “kidnap” your critical information and demand for a ransom to get it released. Ransomware are software used by attackers to encrypt, or lock your information, making it unreadable and unusable. The attackers would demand for a ransom to be paid before they can release such information. It is a criminal business model that has proven extremely profitable as some of the advanced actors stand to make millions of dollars from the ‘trade’. What makes it very effective is the lack of a backup system which raises the chances that the victim…

Guidance with Ransomware attack (WannaCry)

One of the worst global cyberattack started on Friday, 12th of May 2017, and has affected more than 200,000 system in more than 150 countries across the globe. The attack is a ransomware (a malicious program that encrypts data on a system and demands for a ransom before the files are decrypted) variant which exploits Windows systems with an earlier reported vulnerability listed in one of Microsoft’s security bulletin, MS17-10. The ransomware dubbed “WannaCry” requests a ransom of USD 300 to obtain the decryption key. The European and America continent have been the worst hit by the ransomware, but lately, there have indications of infections within Nigeria especially around Lagos and Abuja, and more systems are getting infected by the minute. There have been efforts to takedown the attack but there have also been reports that a new variant of the ransomware has been developed to evade the current takedown…

Deloitte Cyber Security Bulletin

Security Intelligence Google Docs Phishing Campaign Source: us-cert.gov A phishing campaign that affected Google Docs users has been reported. The campaign used spoofed email addresses to target users with emails purporting to share a document for collaboration. Once the targeted users accepted invitations, they were encouraged to allow the phishing program access to their email accounts. Google has taken action to protect users, including removing the fake Google Docs pages and disabling the offending accounts.

Robotic process automation

​A quick-reference guide to how robotic process automation plays out in global business services

Robotic process automation may sound like it’s from the distant future, but for many organizations, it’s already arrived. What does it really offer, and how should you be thinking about it? For answers, start here.

Applying blockchain in securitization

After months of analysis and consultations with various industry constituents involved in different stages of the securitization lifecycle, there is little doubt that blockchain and smart contracts (a key technology that enables many blockchain applications) hold such promise.

Inside the Deloitte Cybersecurity Bulletin

Security Intelligence Google may distrust a third of the web’s SSL certificates Source: cio.com Google may distrust a third of the web’s SSL certificates by revoking trust in certificates that have a validity period of over 33 months. This is to put enormous pressure on Symantec, as the company will have to contact all customers, validate their identity and the ownership of their domains all over again, and replace their existing certificates with new ones, most likely at no cost.

Blockchain technology: 9 benefits & 7 challenges

Deloitte Cyber Security Bulletin

Security Intelligence 13.58 million Nigerian Internet users suffer cyberattacks  About 14 per cent or 13.58 million of the 97 million Internet users suffer cyberattacks annually, the Director-General, National Information Technology Development Agency, Dr. Isa Ibrahim said this at the inaugural meeting of the Inter-ministerial Technical Committee on the Implementation of the National Cyber Security Strategy.

2017 Nigeria Cybersecurity Outlook

The year 2016 took cyber-attacks to an unprecedented level; there were reports of it being used to influence and sway votes in democratic elections. In Nigeria, several organisations suffered cyber-attacks, some had to pay ransom for their data to be released.

Blockchain technology: 9 benefits & 7 challenges

Blockchain technology: 9 benefits & 7 challenges

Blockchain, mostly known as the backbone technology behind Bitcoin, is one of the hottest and most intriguing technologies currently in the market. Since 2013 Google searches for “blockchain” have risen 1900%.