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June 1, 2022

SMEs in Nigeria still in danger, faces 89% increase in attacks in 2022

By Upfrontdigital News 0 440 Views
By Adeyemi Adepetun
SMALL businesses in Nigeria are still in danger and faces 89 per cent increase in cyber attacks in 2022.
   Kaspersky, which disclosed this, noted that when a small business owner is faced with the responsibilities of production economics, financial reports and marketing all at the same time, cybersecurity can often appear complicated and, at times, unnecessary.
   The firm however, said this disregard for IT security is being exploited by cybercriminals. According to Kaspersky researchers, which assessed the dynamics of attacks on small and medium-sized businesses between January and April 2022 and the same period in 2021, identified and alerted that these threats pose an increasing danger to entrepreneurs.
    In 2022, the number of Trojan-PSW (Password Stealing Ware) detections in Nigeria more than doubled when compared to the same period in 2021 – 2654 detections in 2022 compared to 1076 in 2021. Trojan-PSW is a malware that steals passwords, along with other account information, which then allows attackers to gain access to the corporate network and steal sensitive information.
    The cyber security firm noted that another popular attack tool used on small businesses is Internet attacks, specifically, web pages with redirects to exploits, sites containing exploits and other malicious programs, botnet C&C centers, etc. While the number of these attacks decreased in the first four months of 2022 in Nigeria (56 836 infections in 2022 compared to 99 146 infections in 2021), Internet attacks are still a concern and need to be protected against.
    With the shift towards remote working, many companies have introduced the Remote Desktop Protocol (RDP), a technology that enables computers on the same corporate network to be linked together and accessed remotely, even when the employees are at home. The number of attacks on RDP has increased significantly in Nigeria, by 89 per cent. In the first four months of 2021, there were 161 000 RDP attacks detected and blocked by Kaspersky in the country. For the same period in 2022 the number has risen to 303 500 attacks.
    Having a special security solution enables attack visualisation and provides IT administrators with a convenient tool for incident analysis. The faster they can analyse where and how a leak occurred, the better they will be able to solve any negative consequences.
   The firm explained that the new edition of Kaspersky Endpoint Security Cloud, dubbed Kaspersky Endpoint Security Cloud Pro, contains advanced new capabilities, including automated response options and an extended set of security controls in a single solution. The Pro version also includes built-in training for IT workers seeking to boost their cybersecurity skills and make the most out of their specialised security products.
   Even small businesses with limited IT resources still need to protect all their working devices, including computers and mobile phones, from cyberthreats. The updated Kaspersky Small Office Security is a key tool for startups, small online-stores and local businesses to keep all of their work devices protected, safely transfer any valuable business-related files and avoid falling victim to ransomware.
   Security Researcher at Kaspersky, Denis Parinov, said: “With the shift to remote working and the introduction of numerous advanced technologies in the daily operations of even small companies, security measures need to evolve to support these sophisticated setups. Cybercriminals are already way ahead of the curve, so much so that virtually every organisation will experience a breach attempt at some point. For small companies today, it’s not a matter of whether a cybersecurity incident will happen but when. Having trained staff and an educated IT-specialist is no longer a luxury but a must-have part of your business development.”
    To protect your business, Kaspersky recommended firms to provide their staff with basic cybersecurity hygiene training as many targeted attacks start with phishing or other social engineering techniques;
using a protection solution for endpoints and mail servers with anti-phishing capabilities to decrease the chance of infection through phishing emails and taking key data protection measures.
   Others are that firms should always safeguard corporate data and devices, including by using password protection, encrypting work devices and ensuring data is backed up; keeping work devices physically safe – do not leave them unattended in public, always lock them and use strong passwords and encryption software.
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