It’s a couple of trillion less than the current 2017 US deficit, showing just how severe the cost of cyber crime is to business globally. Today’s US deficit is US $20 trillion, but just under half that figure is what businesses will have to pay for cyber crime and data breaches over the next five [...]
Script kiddies and online criminals around the world have reportedly started exploiting NSA hacking tools leaked last weekend to compromise hundreds of thousands of vulnerable Windows computers exposed on the Internet. Last week, the mysterious hacking group known as Shadow Brokers leaked a set of Windows hacking tools targeting Windows XP, Windows Server 2003, Windows [...]
NAIROBI, KENYA: Banks have become the leading target of cybercrime as people increasingly adopt the use of financial technology. According to Serianu’s Cybersecurity Report 2016, African countries lost at least $2 billion in cyberattacks in 2016. Speaking during the Connected Summit 2017, Cisco Regional General Manager, David Bunei said the increasing use of cyberspace and [...]
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