Check Point has revealed that South Africa was among the countries impacted by a 10% increase in ransomware attacks last November, using Locky and Cryptowall. As a result, South Africa moved up the list of 117 most attacked countries.
In its monthly Global Threat Index, a ranking of the most prevalent malware families attacking organisations’ networks, Check Point found both the number of active malware families and number of attacks remained close to an all-time high as the number of attacks on business networks continued to be relentless.
Continuing a trend first detected in October, Locky ransomware continued to increase in prevalence, with a further 10% increase in the number of attacks using this family – a pattern that was mirrored by the fifth most common malware, Cryptowall.
Locky, which started its distribution in February 2016, spreads mainly via spam emails containing a downloader disguised as a Word or Zip file attachment, which then downloads and installs the malware that encrypts the user files. Locky was the no.1 malware family in the largest amount of countries (34 countries compared to Conficker, which was the top malware in 28 countries).
The pattern highlights the growing threat posed to corporate networks by ransomware and suggests that many organisations are simply paying ransoms to secure the return of their files, making it an attractive – and lucrative – attack vector for cyber-criminals.
Once again Conficker retained its position as the world’s most prevalent malware, responsible for 15% of recognised attacks. Second-placed Locky, which only started its distribution in February of this year, was responsible for 6% of all attacks, and third-placed Sality was responsible for 5% of known attacks. Overall the top ten malware families were responsible for 45% of all known attacks.
The three most common malware distributed in South Africa in November were:
1. ↔ Virut – Botnet used in DDoS attacks, spam distribution, data theft and fraud. The malware is spread through infected devices such as USB sticks as well as compromised websites and files.
2. ↑ Sality – Virus that allows remote operations and downloads of additional malware to infected systems by its operator. Its main goal is to persist in a system and provide means for remote control and installing further malware.
3. ↔ Conficker – Worm that allows remote operations and malware to be download. Infected machines are controlled by a botnet, which contacts its Command & Control server to receive instructions.
The Ramnit banking Trojan saw the largest increase in attacks globally in November, entering Check Point’s top 10 ranking for the first time as the 6th most common malware. It more than doubled its amount of infections since last October, and was mainly seen in Turkey, Brazil, India, Indonesia and the U.S. Ramnit is used to steal banking credentials, FTP passwords, session cookies and personal data.
For the eighth consecutive month, HummingBad remains the most common malware used to attack mobile devices globally.
Mobile malware families continued to pose a significant threat to businesses. The three most common mobile families were:
1. ↔ HummingBad – Android malware that establishes a persistent rootkit on the device, installs fraudulent applications and enables additional malicious activity such as installing a key-logger, stealing credentials and bypassing encrypted email containers used by enterprises.
2. ↔ Triada – Modular Backdoor for Android which grants super-user privileges to downloaded malware, as helps it to get embedded into system processes. Triada has also been seen spoofing URLs loaded in the browser.
3. ↑ Ztorg – Trojan that uses root privileges to download and install applications on the mobile phone without the user’s knowledge.
Doros Hadjizenonos, Country Manager of Check Point South Africa, explained, “Ransomware attacks are still growing in volume for a simple reason – they work and generate significant revenues for the attackers. Organisations are struggling to effectively counteract the threat posed by this insidious attack form; many simply don’t have the right defences in place, and may not have educated staff on how to recognise the signs of a potential ransomware attack in incoming emails. This, of course, only makes it even more attractive to criminals.
“Organisations must use advanced threat prevention measures on networks, endpoints and mobile devices to stop malware at the pre-infection stage, such as Check Point’s SandBlast™ Zero-Day Protection, Threat Extraction, and Mobile Threat Prevention solutions, to ensure that they are adequately secured against the latest threats,” added Hadjizenonos.
Check Point’s threat index is based on threat intelligence drawn from its ThreatCloud World Cyber Threat Map, which tracks how and where cyberattacks are taking place worldwide in real time. The Threat Map is powered by Check Point’s ThreatCloudTM intelligence, the largest collaborative network to fight cybercrime, which delivers threat data and attack trends from a global network of threat sensors. The ThreatCloud database holds over 250 million addresses analysed for bot discovery, over 11 million malware signatures and over 5.5 million infected websites, and identifies millions of malware types daily.
Online retail gets real
After decades of experience in selling online, retailers still seek out the secret of reaching the digital consumer, writes ARTHUR GOLDSTUCK.
It’s been 23 years since the first pizza and the first bunch of flowers was sold online. One would think, after all this time, that retailers would know exactly what works, and exactly how the digital consumer thinks.
Yet, in shopping-mad South Africa, only 4% of adults regularly shop online. One could blame high data costs, low levels of tech-savviness, or lack of trust. However, that doesn’t explain why a population where more than a quarter of people have a debit or credit card and almost 40% of people use the Internet is staying away.
The new Online Retail in South Africa 2019 study, conducted by World Wide Worx with the support of Visa and Platinum Seed, reveals that growth is in fact healthy, but is still coming off a low base. This year, the total sale of retail products online is expected to pass the R14-billion mark, making up 1.4% of total retail.
This figure represents 25% growth over 2017, and comes after the same rate of growth was seen in 2017. At this rate, it is clear that online retail is going mainstream, driven by aggressive marketing, and new shopping channels like mobile shopping.
But it is equally clear that not all retailers are getting it right. According to the study, the unwillingness of business to reinvest revenue in developing their online presence is one of the main barriers to long-term success. Only one in five companies surveyed invested more than 20% of their online turnover back into their online store. Over half invested less than 10% back.
On the surface, the industry looks healthy, as a surprisingly high 71% of online retailers surveyed say they are profitable. But this brings to mind the early days of Amazon.com, in 1996, when founder Jeff Bezos was asked when it would become profitable.
He declared that it would not be profitable for at least another five years. And if it did, he said, it would be in big trouble. He meant that it was so important for long-term sustainability that Amazon reinvest all its revenues in customer systems, that it could not afford to look for short-term profits.
According to the South African study, the single most critical factor in the success of online retail activities is customer service. A vast majority, 98% of respondents, regarded it as important. This positions customer service as the very heart of online retail. For Amazon, investment back into systems that would streamline customer service became the key to the world’s digital wallets.
In South Africa online still make up a small proportion of overall retail, but for the first time we see the promise of a broader range of businesses in terms of category, size, turnover and employee numbers. This is a sign that our local market is beginning to mature.
Clothing and apparel is the fastest growing sector, but is also the sector with the highest turnover of businesses. It illustrates the dangers of a low barrier to entry: the survival rate of online stores in this sector is probably directly opposite to the ease of setting up an online apparel store.
A fast-growing category that was fairly low on the agenda in the past, alcohol, tobacco and vaping, has benefited from the increased online supply of vapes, juices and accessories. It also suggests that smoking bans, and the change in the legal status of marijuana during the survey, may have boosted demand.
In the coming weeks, we can expect online retail to fall under the spotlight as never before. Black Friday, a shopping tradition imported “wholesale” from the United States, is expected to become the biggest online shopping day of the year in South Africa, as it is in the USA.
Initially, it was just a gimmick in South Africa, attempting to cash in on what was a purely American tradition of insane sales on the Friday after Thanksgiving Day, which occurs on the third Thursday of November every year. It is followed by Cyber Monday, making the entire weekend one of major promotions and great bargains.
It has grown every year in South Africa since its first introduction about six years ago, and last year it broke into the mainstream, with numerous high profile retailers embracing it, and many consumers experiencing it for the first time.
It is now positioned as the prime bargain day of the year for consumers, and many wait in anticipation for it, as they do in the USA. Along with Cyber Monday, it provides an excuse for retailers to go all out in their marketing, and for consumers to storm the display shelves or web pages. South African shoppers, clearly, are easily enticed by bargains.
Word of mouth around Black Friday has also grown massively in the past two years, driven by both media and shoppers who have found ridiculous bargains. As news spreads that the most ridiculous of the bargains are to be had online, even those who were reticent of digital shopping will be tempted to convert.
The Online Retail in SA 2019 report has shown over the years that, as people become more experienced in using the Internet, their propensity to shop online increases. This is part of the World Wide Worx model known as the Digital Participation Curve. The key missing factor in the Curve is that most retailers do not know how to convert that propensity into actual online shopping behaviour. Black Friday will be one of the keys to conversion.
Carry on reading to find out about the online retailers of the year.
Reliable satellite Internet?
MzansiSat, a satellite-Internet business, aims to beam Internet connections to places in South Africa which don’t have access to cabled and mobile network infrastructure, writes BRYAN TURNER.
Stellenbosch-based MzansiSat promises to provide cheap wholesale Internet to Internet Service Providers for as little as R25 per Gigabyte. Providers who offer more expensive Internet services could benefit greatly from partnering with MzansiSat, says the company.
“Using MzansiSat, we hope that we can carry over cost-savings benefits to the consumer,” says Victor Stephanopoli, MzansiSat chief operating officer.
The company, which has been spun off from StellSat, has been looking to increase its investor portfolio while it waits for spectrum approval. The additional investment will allow MzansiSat’s satellite to operate in more regions across Africa.
The MzansiSat satellite is being built by Thales Alenia Space, a French company which is also acting as technical partner to MzansiSat. In addition to building the satellite, Thales Alenia Space will also be assisting MzansiSat in coordinating the launch. The company intends to launch the satellite into the 56°E orbital slot in a geostationary orbit, which enables communication almost anywhere in Africa. The launch is expected to happen in 2022.
The satellite will have 76 transponders, 48 of which will be Ku-band and 28 C-band. Ku-band is all about high-speed performance, while C-band deals with weather-resistance. The design intention is for customers of MzansiSat to choose between very cheap, reliable data and very fast, power-efficient data.
C-band is an older technology, which makes bandwidth cheaper and almost never affected by rain but requires bigger dishes and slower bandwidth compared to Ku-band connections. On the other hand, Ku-band is faster, experiences less microwave interference, and requires less power to run – but is less reliable with bad weather conditions.
MzansiSat’s potential military applications are significant, due to the nature of the military being mobile and possibly in remote areas without connectivity. Connectivity everywhere would be potentially be life-saving.
Consumers in remote areas will benefit, even though satellite is higher in latency than fibre and LTE connections. While this level of latency is high (a fifth of a second in theory), satellite connections are still adequate for browsing the Internet and watching online content.
The Internet of Things (IoT) may see the benefits of satellite Internet before consumers do. The applications of IoT in agriculture are vast, from hydration sensors to soil nutrient testers, and can be realised with an Internet connection which is available in a remote area.
Stephanopoli says that e-learning in remote areas can also benefit from MzansiSat’s presence, as many school resources are becoming readily available online.
“Through our network, the learning experience can be beamed into classrooms across the country to substitute or complement local resources within the South African schooling system.”