Back to the complete issue
Wednesday, 1 November 2017

Being underprepared for online threats leaves you exposed -Trend Micro

Trend Micro says businesses are advised to understand the real threats that come along with being insufficiently prepared for a ransomware attack, following the publication of the results of its ransomware survey. Corporations need to provide readily available information to their employees on how to deal with these attacks to better safeguard data online. The MENA region also has a cybercriminal underworld that is not profit-driven like Russia’s or China’s, according to a separate report published by Trend Micro, but pushed more by a “spirit of sharing.” While the products and services that have become cybercriminal staples across the world are available in MENA, “ideology often influences what is sold and traded, motivating the kind of activities that transpire within its forums and sites. Many have dedicated sections espousing their beliefs, grouped with how-to guides on encryption, programming, and reverse engineering.” The full report, “Digital Souks,” can be downloaded here (pdf).

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.