What path will global economic recovery take?

With most of the world still in the grip of the Covid-19 pandemic, research group IHS Markit has turned its attention to the possible recovery path. Looking past the horrific second-quarter drop in real GDP, and a deeper recession in 2020 than in 2008–09, the company...

Audit and risk leaders distracted by Covid-19

A recent Gartner survey of more than 900 audit and risk leaders has revealed that most of their current focus is on assessing the impact of coronavirus on organisational operations and controls, as well as revising and executing the company audit plan. Just 4% of...

Corporate users prime target for cybercriminals

In 2019, 773 943 users of Kaspersky solutions globally were attacked by banking Trojans – with a third of them (35,1%) in the corporate sector. African countries were affected too: almost every hundredth user (varying from 0,9% to 1%) in South Africa, Ethiopia,...

Expect Covid-19 SMSs, but beware of fraudsters

South Africa’s Wireless Application Service Providers’ Association (WASPA) advises mobile users that they should expect to receive educational SMS (short message service) text messages to do with the current Covid-19 emergency. “Aside from expecting these messages...

Double extortion comes to the fore

Researchers at Check Point see a rising trend in a new ransomware tactic: “double extortion”. This tactic sees threat actors add an additional stage to a ransomware attack: prior to encrypting a victim’s database, hackers will extract large quantities of sensitive...

Phone industry set for massive decline

IDC is forecasting that the European smartphone market will likely fall in value by more than a quarter this year in the aftermath of widespread national lockdowns to combat the spread of coronavirus. Under IDC’s current forecast, in a worst-case scenario the...