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Over 100 Million Malware Infections Detected on Windows in 2020

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Cyber Security - Investors King

Malware, a malicious software designed to disrupt, damage, or gain unauthorized access to a computer system, is one of the most common cyber threats computer users face today. While malware can affect any operating system, Windows users are among the most vulnerable.

According to the data analyzed by the Atlas VPN team and based on the State of Malware report by Malwarebytes, in 2020 alone, devices with Windows operating systems were affected by over 111 million malware infections.

Out of all of the Windows malware threats detected last year, 83% or nearly 92.3 million were found on consumer devices, while 15% or 16.7 million were discovered on business devices. The remaining 2% of the malware cases were unspecified.

Despite the impressive number of Windows malware detections in 2020, such threats actually dropped by 12% compared to 2019.

Malware infections affecting consumer devices fell by 11%, from 103.5 million in 2019 to 92.3 million in 2020. As workers traded their corporate offices for home ones, business device infections decreased by 24%, from 22 million in 2019 to 16.7 million in 2020.

The decline in malware infections might signify that cybercriminals have found other more effective methods to exploit victims online.

HackTool is the fastest rising malware threat

In 2020, we saw a fall in malware infections affecting Windows operating systems. However, despite a general decline, certain types of malware thrived last year.

HackTool, a type of malware used by hackers to gain unauthorized access to a user’s computer, saw the biggest increase in new cases detected on Windows last year when compared to 2019. Infections with HackTool spiked by 150%, from 7.4 million to 18.4 million in a single year.

Businesses experienced the most significant rise in HackTool detections last year. In total, 2.6 million Windows HackTool infections were found on business devices in 2020 — a 173% growth from 937.9 thousand cases in 2019.

In the meantime, consumer devices were affected by 15.9 million HackTool infections last year. It represents a 147% growth from 6.4 million such cases in 2019.

Other malware types that saw a surge last year include Rogue (117%) and Spyware (28%), which help criminals track and collect information on the victim.

However, the most common Windows malware threat last year was adware —  software that displays unwanted advertisements on people’s computers. It accounted for 32% or 35.5 million Windows malware cases in 2020, a 22% drop from 45.7 million in 2019.

Windows adware threats were the most prevalent on consumer devices, where 31.5 million adware infections were recorded last year. Simultaneously, businesses had close to 4 million infections with adware malware in 2020.

Trojan malware, which disguises itself as legitimate software and helps hackers take control of the infected computer, also continued to plague Windows operating systems in 2020.

In total, 29.9 million Trojan infections were detected on devices running Windows, which made up 27% of all such infections last year. However, compared to 2019, when 38.5 million Trojan cases were discovered, Trojan infections dropped by nearly 23%.

While 23.7 million Trojan infections affected consumers, 6.1 million infections targeted businesses. In fact, Trojan was the most common malware threat faced by businesses last year.

How to guard against malware

Malware is one of the most common threats. As such, it is easy to catch, while its repercussions can be devastating. However, there are a few things you can do that can help you protect your devices from malware.

  1. Keep your software up to date. Updated software contains all the latest security patches making it harder for cybercriminals to exploit system vulnerabilities.
  2. Be careful about your downloads. Downloads are one of the main ways to spread malware. Therefore, before pulling a file from the internet, always ask yourself two questions: do you really need it, and do you trust the website or the person you are about to download the file from.
  3. Do not click on suspicious links. Never click on pop-ups and links you are unsure of. They may lead to malicious websites that can install malware on your device.
  4. Limit file-sharing. Be wary of file sharing sites as they offer little protection against malware, which might be hiding in files, such as movies, games, and other programs.
  5. Use a VPN. Virtual private networks, such as Atlas VPN, have security features in place that block malicious ads and protect you from entering unsafe websites. This way, you have less chance of cashing unwanted viruses while online.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Technology

ALTON and ATCON Call for Tariff Review and Regulatory Independence

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The Association of Licensed Telecoms Operators of Nigeria (ALTON) and The Association of Telecommunications Companies of Nigeria (ATCON), representing Mobile Network Operators (MNOs) and telecommunication firms in Nigeria, have jointly raised concerns over the current state of the telecom industry.

In a unified call to action, they have urged the federal government to address critical issues such as tariff review and regulatory independence to ensure the sector’s sustainability and growth.

Despite facing significant economic challenges, Nigeria’s telecommunications industry has not adjusted its general service pricing framework upwards in over a decade.

ALTON and ATCON attribute this stagnation to regulatory constraints that have hindered the industry’s ability to align pricing with economic realities.

They argue that the current price control mechanism, which does not reflect market conditions, poses a threat to the sector’s viability and investor confidence.

In a statement released over the weekend and jointly signed by ALTON Chairman Gbenga Adebayo and ATCON President Tony Izuagbe Emoekpere, the associations highlighted a range of challenges plaguing the telecom sector.

These include unsustainable tariff structures, lack of regulatory independence, infrastructure deficits, a harsh business environment, multiple taxation and regulations, prohibitive Right of Way (RoW) charges, inadequate power supply, and vandalism of telecommunications infrastructure.

The industry leaders stressed the urgent need for collaborative efforts between the public and private sectors to overcome these obstacles.

They called for constructive dialogue with industry stakeholders to address pricing challenges and establish a framework that balances consumers’ affordability with operators’ financial viability.

Furthermore, ALTON and ATCON emphasized the importance of regulatory independence in fostering a conducive environment for the telecom sector.

They advocated for the sustenance of a culture of independence within the regulatory landscape to safeguard against undue influence and ensure the impartiality of regulatory decisions. Regulatory neutrality and independence, they argued, are crucial for maintaining public confidence and encouraging investment in the sector.

ALTON and ATCON reaffirmed their commitment to working collaboratively with the government to address the challenges facing Nigeria’s telecommunications industry.

They urged the government to prioritize infrastructure development, enhance security measures, and facilitate pricing adjustments to unlock the sector’s full potential.

The call by ALTON and ATCON underscores the pressing need for regulatory reforms and policy interventions to drive sustainable growth and development in Nigeria’s telecom sector.

As stakeholders await government action, the industry remains hopeful that concerted efforts will pave the way for a more resilient and competitive telecommunications landscape.

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Startups

Madica Empowers African Startups with $200,000 Investments Each

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Start-up - Investors King

Madica, a structured investment program dedicated to nurturing pre-seed stage startups in Africa, has announced its inaugural investments in three innovative ventures.

Each of these startups is set to receive up to $200,000 in funding from Madica and will participate in the program’s comprehensive 18-month company-building support initiative.

The investment program provides a personalized curriculum, hands-on mentorship, founder immersion trips, executive coaching, and access to Madica’s extensive global network of investors for follow-on funding.

The primary objective of this support is to drive growth and ensure the long-term success of the startups.

Emmanuel Adegboye, Head of Madica, expressed his excitement regarding the investments, highlighting the abundant talent and innovation present in the African tech ecosystem.

He said Madica is committed to supporting African founders who often face challenges in accessing necessary support due to perceptions of risk among global investors.

Madica employs an open application process, collaborating closely with local ecosystem players such as incubators, accelerators, and angel networks to identify and support promising entrepreneurs.

The selection process remains rigorous, with investments made on a rolling basis throughout the year.

With plans to invest in up to 10 additional startups this year, Madica aims to expand the reach of venture capital and founder mentorship across Africa, addressing the existing imbalances in funding availability.

The announcement of these investments marks a significant milestone for the selected startups, providing them with vital financial support as well as access to invaluable resources and networks to propel their growth and success in the competitive landscape of the African startup ecosystem.

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Meta’s Revenue Woes Shake Tech Industry Confidence

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The tech industry faced a wave of uncertainty as Meta Platforms Inc., formerly known as Facebook, delivered a disappointing earnings report that sent shockwaves through the market and dented investor confidence.

Meta’s forecast of weaker-than-expected sales for the current quarter, coupled with plans for higher capital expenditures, rattled investors who were eagerly anticipating robust results.

Shares of Meta plummeted by as much as 19% in after-hours trading to trigger a cascade effect across the tech sector.

The tech-heavy Nasdaq 100 Index experienced a decline of up to 1%, reflecting broader concerns about the health of the industry.

Analysts and investors alike expressed dismay at Meta’s inability to meet revenue expectations, citing uncertainties surrounding the company’s adoption and monetization of artificial intelligence (AI) technologies.

Jack Ablin, Chief Investment Officer at Cresset Wealth Advisors, highlighted the disappointment on the revenue front, overshadowing any optimism about AI adoption.

Questions lingered regarding the efficacy of AI investments and their potential benefits to users, leading to increased skepticism among stakeholders.

The repercussions of Meta’s earnings miss extended beyond its own stock, impacting other tech giants slated to report earnings in the coming days.

Alphabet Inc., Amazon.com Inc., and social media companies like Snap Inc. and Pinterest Inc. all witnessed notable declines, signaling a broader sentiment shift within the industry.

The fallout from Meta’s revenue woes reverberated across the tech landscape, affecting chipmakers, server manufacturers, and software firms. Nvidia Corp., Micron Technology Inc., and International Business Machines Corp. were among the companies affected, as investor concerns over AI investment and revenue growth cast a shadow over the sector’s outlook.

As the tech industry grapples with Meta’s disappointing results, stakeholders are left to ponder the implications for future investments and strategic decisions.

The episode serves as a stark reminder of the inherent volatility and uncertainty within the tech sector, underscoring the importance of diligent risk management and strategic foresight in navigating turbulent markets.

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