Nigeria, Second most Prone Cyber Attack African Nation

LATEST Global Threat Impact Index has revealed that Nigeria is the second country in Africa with the highest risk of cyber-attack coming behind Zambia.
The report, which was released by Check Point Software Technologies Limited in May, showed that South Africa moved from the 22nd position since last month to the 9th leaving Uganda and Malawi in the 7th, 8th position respectively.
The Index also revealed that more than one in four organisations globally was affected by the Fireball or WannaCry attacks during May adding that two of the top three malware families that impacted networks globally were zero-day, previously unseen attacks.
Fireball impacted one in five organisations worldwide, with second-placed RoughTed impacting 16% and third-placed WannaCry affecting nearly 8% of organisations globally.
The two malware variants, Fireball and WannaCry, rapidly spread worldwide throughout the month of May.
The most prevalent malware highlight the wide range of attack vectors and targets cyber-criminals are utilising, impacting all stages of the infection chain.
Fireball takes over target browsers and turns them into zombies, which it can then use for a wide range of actions including dropping additional malware, or stealing valuable credentials.
By contrast, RoughTed is a large-scale malvertising campaign, and WannaCry takes advantage of a Windows SMB exploit called EternalBlue in order to propagate within and between networks. WannaCry was particularly high profile, bringing down a myriad of networks worldwide.
In addition to the top three, there were also other new variants of malware seen within the top ten of the index including Jaff (8th) another form of ransomware, demonstrating how profitable this particular attack vector is proving for malicious parties.
Commenting on the report, Rick Rogers, Area Manager for East and West Africa at Check Point Software Technologies said to see so many brand-new malware families among the world’s most prevalent cyberattacks this month underlines just how innovative cybercriminals can be, and shows how dangerous it is for organisations to become complacent.
He said: “Organisations need to remember that the financial impact from cyber- attacks goes way beyond the initial incident. Restoring key services and repairing reputational damage can be a very long and expensive process. As such, organisations in every industry sector need a multi-layered approach to their cybersecurity.”
He said that Check Point Software Technologies SandBlast Zero-Day Protection and Mobile Threat Prevention protects against the widest range of continually evolving attack types, and also protect against zero-day malware variants.
Check Point’s Global Threat Impact Index and its ThreatCloud Map is powered by Check Point’s ThreatCloud intelligence, the largest collaborative network to fight cybercrime which delivers threat data and attack trends from a global network of threat sensors.
The ThreatCloud database holds over 250 million addresses analysed for bot discovery, more than 11 million malware signatures and over 5.5 million infected websites, and identifies millions of malware types daily.
By Isaiah Erhiawarien


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