Cyber Criminals Target African Banks
Check Point has revealed that five African nations were among the top 10 most-attacked countries in November 2016 as cyber-criminals made increasing use of ransomware attacks using the Locky and CryptoWall viruses.
In its monthly Global Threat Index, a ranking of the most prevalent malware families attacking organisations’ networks, Check Point noted a 10% increase in the number of attacks using Locky and CryptoWall and found both the number of active malware families and number of attacks remained close to an all-time high as the number of attacks on business networks continued to be relentless.
Generally, African governments have not been fans of social media. According to PC World, officials alleged that on many occasions social media has been used to coordinate protests aimed at overthrowing governments plagued with poor leadership and economic problems.
According to cyber-crime statistics in several African countries, the banking industry is the most affected by cyber-crime, raising fears that Africa may face a slowdown in international investment in the financial sector.
With more Africans now use the Internet for their banking needs, the number of fraudsters eyeing online financial transactions has also multiplied.
Organisations should use advanced threat prevention measures on networks, endpoints and mobile devices to stop malware at the pre-infection stage of the Ransomware attacks.
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