Source: Kaspersky |

Growth in Fintech Drives Growth in Cyberattacks

Africa’s Fintech ecosystem has surged 60% in the last two years and the continent’s Fintech firms have grown to 491 from 301 in 2017, with $132.8 million raised in 2018

Africa’s Fintech sector is booming! According to reports (http://bit.ly/2kqyD6q), Africa’s Fintech ecosystem has surged 60% in the last two years and the continent’s Fintech firms have grown to 491 from 301 in 2017, with $132.8 million raised in 2018, making last year the sector’s best year yet - and proving…

Source: Kaspersky |

SIM swap fraud: A New Wave of Attacks Targeting Financial Services and online services in Africa

In South Africa this type of fraud more than double in the last year, according a report of South African Banking Risk Information Centre (SABRIC)

During Kaspersky Lab’s (www.Kaspersky.co.za) annual Cyber Security Weekend that took place in Cape Town, South Africa, Kaspersky Lab experts discussed the wide spread growth of mobile payments across the globe and the many cyber risks that surround such technology. Especially the recent SIM swap fraud wave, which have become very…

Kaspersky
Source: Kaspersky |

Romantic Phishing is on the Rise – How Not to Lose Your Money While Losing Your Heart

Phishing is one of the most popular and easiest social engineering techniques to exploit online users

Kaspersky Lab (www.Kaspersky.com) experts have detected a sharp increase in phishing activities from criminals offering users various romantic goods on the eve of St. Valentine’s Day. The total number of user attempts to visit fraudulent websites with a romantic theme that were detected and blocked during the first half of…

Source: Kaspersky |

From geeky tech to popular payment method: Kaspersky Lab finds one-in-ten people now use cryptocurrency

However, cybercriminals are also embracing this trend by targeting cryptocurrency exchanges and modifying old threats to attack investors

Cryptocurrency, often associated with ‘geeks’ or those looking to raise cash quickly, has turned into a popular payment method. According to a recent report from Kaspersky Lab (https://bit.ly/2Spbz7T), one-in-ten people (13%) have now used it to make a purchase. However, cybercriminals are also embracing this trend by targeting cryptocurrency exchanges and modifying old…

Source: Kaspersky |

Kaspersky Lab shares Middle East, Turkey and Africa (META) 2018 Financial Insights and Predictions for 2019

Kaspersky Lab recorded a 4-fold increase in cryptomining attacks in the Middle East, Turkey and Africa (META) region from 3.5 million in 2017 to 13 million in 2018

The past year has been extremely eventful in terms of the digital threats faced by financial institutions: cybercrime groups have used new infiltration techniques, and the geography of attacks has become more extensive. According to the KSN statistics by Kaspersky Lab (www.Kaspersky.com), the Middle East, Turkey and Africa (META) region…

Source: Kaspersky |

ShadowPad: How Attackers hide Backdoor in Software used by Hundreds of Large Companies around the World

ShadowPad is one of the largest known supply-chain attacks

Kaspersky Lab (www.Kaspersky.co.za) experts have discovered a backdoor planted in a server management software product used by hundreds of large businesses around the world. When activated, the backdoor allows attackers to download further malicious modules or steal data. Kaspersky Lab has alerted NetSarang, the vendor of the affected software, and…