Sophos, a global leader in next-generation cybersecurity, today announced the findings of its global survey, “The IT Security Team: 2021 and Beyond,” which shows how increased security challenges during the pandemic offered IT teams a unique opportunity to build their cybersecurity expertise.
The vast majority of IT teams in Nigeria that faced a rise in cyberattacks (87%) and a heavier security workload (91%) over the course of 2020 strengthened their security skills and knowledge. Despite the challenges created by the pandemic, 52% of the IT teams surveyed globally, said team morale increased during 2020.
The increase in cyberattacks during the pandemic impacted IT security skills across all industry sectors covered in the survey, including, at a global level, education (83%), retail (85%) and healthcare (80%). The survey polled 5,400 IT decision makers in mid-sized organizations in 30 countries across Europe, the Americas, Asia-Pacific and Central Asia, the Middle East, and Africa.
“Around the world, 2020 was an unprecedented year for IT teams,” said Chester Wisniewski, principal research scientist, Sophos. “IT professionals played a vital role in helping organizations to keep going despite the restrictions and limitations necessitated by COVID-19. Among other things, they enabled education institutions to move learning online, retailers to switch to online transactions, healthcare organizations to deliver digital services and care under incredibly tough circumstances, and ensured public entities could continue to provide essential services.
“Much of this will have been done at high speed, with limited equipment and resources available and while facing a rising tide of cyberattacks against the network, endpoints and employees. To say things were probably pretty stressful for most IT teams is an understatement.
“However, the survey shows that in many cases these challenges have created not just more highly skilled, but more motivated IT teams, ready to embrace an ambitious future. As a growing number of countries are able to start planning for life beyond pandemic restrictions, we have an excellent opportunity to implement new IT and security policies, adopt more secure modern tools to manage employees and operations beyond the IT perimeter, build expert teams that blend in-house and out-sourced talent, and introduce security platforms that combine intelligent automation with human threat hunting expertise. There is no going back. The future may be just as unprecedented as the past.”
The main findings of “The IT Security Team: 2021 and Beyond” global survey for Nigeria include:
· Demands on IT teams increased as technology became the key enabler for dispersed and digital organizations. Overall IT workload (excluding security) increased for 66% of IT teams, while 69% experienced an increase in cybersecurity workload
· Adversaries were quick to take advantage of the opportunities presented by the pandemic: 60% of IT teams overall reported an increase in the number of cyberattacks targeting their organization over the course of 2020
· The overall experience of 2020 enabled 82% of IT teams to build their cybersecurity skills and knowledge. It is likely that much of this professional development will have been informal on-the-job learning, acquired as teams tackled new technology and security demands, often under intense pressure and remote from their normal place of work
· Facing challenges together boosted team morale. IT team morale also improved for many teams. More than half (59%) of the IT teams surveyed said team morale increased over the course of 2020. Morale is also likely influenced by external and personal circumstances during the pandemic, such as local lockdowns, the inability to see family and other factors. Regardless, the findings suggest that a shared purpose, a sense of value and facing adversity together helped to bond and lift the spirits of IT teams
· The experiences of 2020 have fuelled ambitions for bigger IT teams and using advanced tools such as artificial intelligence (AI) in future technology strategies. Many organizations appear to have entered 2021 with plans to increase the size of both in-house and outsourced IT teams, and to embrace the potential of advanced tools and technologies. The survey found that 72% of IT teams anticipate an increase in in-house IT security staff by 2023, and 51% expect the number of outsourced IT security staff to grow over the same time frame. An overwhelming majority (94%) expect AI to help deal with the growing number of attacks and 93% with the complexity of attacks. This could be due in part to the fact that 47% of IT teams believe that cyberattacks are now too advanced for the in-house team to tackle on their own
The “IT Security Team: 2021 and Beyond” survey report is available in full on Sophos.com.
The IT Security Team: 2021 and Beyond survey was conducted by Vanson Bourne, an independent specialist in market research, in January and February 2021. The survey interviewed 5,400 IT decision makers in 30 countries, in the US, Canada, Brazil, Chile, Colombia, Mexico, Austria, France, Germany, the UK, Italy, the Netherlands, Belgium, Spain, Sweden, Switzerland, Poland, the Czech Republic, Turkey, Israel, UAE, Saudi Arabia, India, Nigeria, South Africa, Australia, Japan, Singapore, Malaysia, and the Philippines. All respondents were from organizations with between 100 and 5,000 employees.
Fintech TagPay Rebrands to Skaleet
From today, TagPay will be known as Skaleet, an international fintech company offering a back-end technology platform. Its core banking platform is fully interactive with an ecosystem of banks, fintechs and technology partners.
It has the speed and agility required to quickly launch new personalized services to the market. Skaleet’s ambition is to bridge the gap between complex financial products and customers’ changing needs.
In this new digital world, Skaleet helps financial institutions become faster and more agile in adapting to their customers’ changing needs by offering innovative services. Our range of services allows banks, neobanks and fintechs to stay in the race against the Big Tech threat that is attempting to dominate this market.
Skaleet’s platform offers complete banking solutions for the day-to-day management of retail banking: onboarding, AML-CFT, bank accounting, regulatory reporting, card issue, SEPA, bank accounts, credit engines and a best-of-breed approach to facilitate the integration of key product and technology partners.
Breaking the banking industry’s IT glass ceiling to increase performance and innovation
With its flexible, modular and natively digital banking platform, Skaleet’s ambition is to innovate by offering new services to fully respond to the latest challenges facing the banking and financial markets, as well as to the growth and scalability requirements imposed by the rapid digitalization of the sector.
Skaleet enables banks and financial institutions to leverage its cloud-native platform to accelerate the launch of new financial services that fully meet their customers’ needs.
Yves Eonnet, CEO of Skaleet, said: “Our mission is to support the digital transformation of banking institutions, neobanks and fintech companies. Our ambition is to become the leading technology platform for digital core banking, offering our customers all the financial services they need.”
The company’s mission statement: to put technology at the forefront of the transformation in financial services
Fifteen years ago, Hervé Manceron and Yves Eonnet set out to take advantage of the latest technological innovations to support new ways of providing mobile financial services. This led them to launch TagPay, a technological platform for managing mobile money accounts.
In 2014, eager to respond to the increasing importance of digital technology and changing customer needs, the publisher launched a next generation international core banking system solution. The ambition of this platform: to accelerate the launch of new, competitively priced services. TagPay has developed a cloud-native platform to meet the needs of financial service providers. Cloud-agnostic, agile and scalable, it has quickly become a leading platform for many financial institutions across the world. At the beginning of the year, TagPay reached a new step by announcing its largest funding: €25M from our new investor Long Arc Capital to enrich its offering and accelerate its international growth.
Twitter Recommended Conditions To Lift Suspension Will Be Applicable To Other Social Media Platforms- FG
The Federal Government says the recommended conditions for the lifting of the suspension imposed on the microblogging and social networking service, Twitter will be applicable to all Over-The-Top and other social media platforms in Nigeria.
The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this on Monday when he featured on a phone-in programme of TV Continental, “This Morning, ’’ monitored by the News Agency of Nigeria (NAN).
The minister, who did not disclose the recommendations by the Federal Government ministerial negotiation team to engage with Twitter on the suspension, said its report would be submitted to President Muhammadu Buhari.
Mohammed, who headed the team, however, reiterated that the engagements with the microblogging and social media platform had been positive and fruitful.
“All I can say is that the recommendations we are going to make will not only be applicable to Twitter but they will be applicable to all OTTs and other social media platforms in Nigeria.
“Today, we are dealing with Twitter, we don’t want a situation where we will be dealing with Facebook tomorrow and Instagram the next day. Our recommendations will be very comprehensive.
“You will recall that during the 61st Independence anniversary celebration, the president said Twitter will return to Nigeria as soon as they meet the conditions of government.
“Even last night, the ministerial team met under my chairmanship and we reviewed the position of things.
“I want to say that we should wait for the committee to officially give its reports to the president but things are looking very positive and rosy.
“After submitting our reports and recommendations to the president, I will be disposed to say what we agreed and what have been met and what has not been met,’’ he said.
NAN reports that following the indefinite suspension of its operations in Nigeria for activities capable of undermining Nigeria’s corporate existence, Twitter had written to the president seeking engagement over the suspension.
The president subsequently set up the ministerial team led by Mohammed, with other members including Ministers of Works and Housing, Babatunde Fashola and that of Foreign Affairs, Geoffrey Onyeama, to dialogue with Twitter over its suspension.
Other members are the Attorney-General of the Federation and Minister of Justice, Abubakar Malami as well as Minister of Labour, Chris Ngige and that of Communications and Digital Economy, Isa Pantami.
Wicrypt, Nigerian Wi-Fi Sharing Startup Secures $1.5M Funding For Expansion
A Nigerian blockchain-based Wi-Fi sharing startup, Wicrypt, has raised US$1.5 million in a strategic funding round to help it expand operations into new countries.
Wicrypt is a decentralized mobile internet sharing and monetization network that allows anyone to earn money by sharing their Wi-Fi with others. Users can either download the Wicrypt software and deliver Wi-Fi from their mobile device or purchase a one-of-a-kind Wicrypt Hotspot Creator device.
Wi-Fi providers can customize their customers’ experiences using the Wicrypt dashboard, which includes surveys, ads, and data collection. Wicrypt-enabled devices are all represented by one-of-a-kind NFTs linked to the blockchain. While users using WiFi pay Wicrypt hosts, Wicrypt also rewards hosts with its native coin, $WNT, for having high device uptime.
In 2018, the startup launched in Africa, signing an exclusive agreement to supply internet service to the inhabitants of Enugu, Nigeria. It became profitable in 2020 after being bootstrapped by its founder, and it has now acquired US$1.5 million in investment to help it go even further.
The round was led by AU21 Capital, with participation from Polygon founder Sandeep Nailwal, Inclusion Capital, Outlier Ventures, Chain Capital, Pluto Digital Assets, Onega Ventures, N7 Labs, Cardano and PolkaFoundary.
“While we have formed substantial business partnerships in Africa, this funding allows us to grow into new countries by increasing our marketing efforts,” said Ugochukwu Aronu, chief executive officer (CEO) of Wicrypt.
“Wicrypt is providing last-mile internet to people of the world who need it while leveraging the blockchain by having hosts stake $WNT to become a part of the Wicrypt Network. This ensures overall security of the network and that host do not perform malicious actions while providing internet connections to clients.”
Wicrypt is offering people the option to access the internet in locations where Wi-Fi can be highly expensive and unattainable for many people, according to Nailwal, who added that investing in a profitable company was unusual in the blockchain world.
“By empowering people to share their Wi-Fi and make money, they are making this a win-win situation for all involved, particularly in remote regions where large internet companies are not incentivised to provide coverage,” he said.
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