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Wednesday, 21 March 2018

Trend Micro sees Egypt as one of the most vulnerable to cyber attacks in Africa

Trend Micro sees Egypt as one of the most vulnerable to cyber attacks in Africa: Cybersecurity firm Trend Micro is warning that Egypt may be one of the most vulnerable countries on the continent to cyber attacks. The company logged over 242k malware attacks in the country in 4Q2017, up 25% from 3Q2017, the firm said in a press release. This is the third highest rate of cybersecurity attacks in Africa after South Africa and Morocco. A worrying concern is the rise in the number of online banking malwares, which grew to 301 in 4Q2017, up 37% from the previous quarter. The report revealed that the state’s manufacturing sector was the one most affected by malware, followed by education, government, real estate and technology. We had noted last month reports that Orascom Telecom Media and Technology (OTMT) had been hacked by an elite North Korean cyber warfare unit.

The good news is that the awareness is there. In a survey Trend Micro conducted in partnership with Enterprise last October, 81% of our readers believed that Ransomware was a problem, with a majority believing their businesses were inadequately prepared for further attacks.

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