Connect with us

Featured

Olympics face massive cyber threats

Published

on

The Olympics Games have almost always been used to introduce innovative technologies intended to make the sporting events more efficient. And given the role that IT plays in the events, cybercriminals are likely to see them as a massive opportunity.

Research shows that there is much at stake, from critical infrastructure to healthcare or environmental issues. All of these should be properly managed in the pursuit of a bright future. Figures support this concern. At the 2008 Beijing Games, around 190 million cyber-attacks were reported (12 million per day). At the 2012 London Games, cybercriminals made over 200 million failed attacks on the event’s official website. At the 2014 Sochi Olympics, 322 million attacks were reported, followed by 570 million at the 2016 Rio Olympics. At the 2020 Olympics, Japan is also planning drastic measures to safeguard its IT infrastructure from cyberattacks – given that they are considering a 57% projected increase in cyberattacks based on the average increase from the last three Olympics.

“Because of the importance of information technology to the success of the event, one area of pivotal concern is cyber security. In fact, the Olympics are comparable to a business of 200 000 employees, addressing 4 billion customers, operating 24/7, in a new territory, every 2 years – certainly a lucrative opportunity for any cybercriminal,” says Mohamad Amin Hasbini, Senior Security Researcher at Kaspersky Lab. “Cybercriminals are likely to try to use forged webpages that pose as legitimate Games web-resources to try to sell fake tickets or collect private data from those willing to attend the sports events. What’s more, we always see a spike in spam during these events where spam recipients are being lured into embezzlement schemes, for example, offering to help book hotels and/or make other travel arrangements.”

Extra caution is also required while using public Wi-Fi networks. Attendees should avoid using any unprotected network, as Internet traffic can be relatively easy for criminals, who are connected to the same hotspot, to intercept it.

What’s more, given that technology is applied to every facet of the event from smart transportation systems to waste recycling, guest services and even ‘village robots’, the use of technologies such as IoT and AI as part of the broader Smart City, must be kept secure as malicious hackers are likely to use this opportunity to carry out attacks using social engineering techniques to manipulate and increase the risk of personnel divulging sensitive information. Attacks on physical operational technologies as well as data analytics systems and infrastructure is a real possibility. Couple this with the spreading of rumors on social media can also significantly impact the Olympics as fake profiles that post fake messages can start crowd panics or similar troubles.

Additionally, basic security such as strong cryptography and authentication is critical, along with automatic and secure software and firmware that allow for auditing, alerting and logging capabilities. What’s more, the importance of penetration testing and vulnerability assessments for all systems, devices and people used in the Games cannot be underestimated.

Featured

AppDate: uKheshe bring banking to the masses

In his apps roundup, SEAN BACHER highlights uKheshe, FNB’s banking app with its will feature, Split Payments, Momentum Safety Alert and Fleetonomy.

Published

on

uKheshe micro transaction platform

Financial inclusion took another step forward as local start-up, uKheshe, South Africa’s cheapest and most convenient QR cash card and micro transaction platform, won the 2019 Global Fintech Hackcelerator @ Southern Africa competition. 

“The issue of financial inclusion is a global one and the more we can do to uplift the unbanked and under banked, the healthier their respective economies will become,” says Clayton Hayward, co-founder, uKheshe.

While 1.2 billion people have opened a financial account since 2011, there is still an estimated 1.7 billion adults worldwide (or 31% of adults) who don’t have a basic transaction account.  Globally, two-thirds of adults without an account cite a lack of money as a key reason, which implies that financial services aren’t yet affordable or designed to fit low-income users.

To find out more about uKheshe click here

FNB’s banking app with will feature

First National Bank now lets its customers draw up their own wills via the FNB Online Banking platform at no cost. To date, the bank has seen a significant increase in the number of clients who drafted their own wills online, with over 52 000 clients already accessing the functionality.

Approximately 80% of South Africans don’t have a valid will in place; and many people believe that it’s a need only when they get older, or later in life. 

“Whilst the digital process is simple and easy to use, the solution also helps with a dedicated client support centre should clients need further assistance or advice regarding the drafting of their wills,” says Johan Strydom, Growth Head, FNB Wealth and Investments. “The solution aims to simplify the process and allows customers to easily draft a will online anytime and at any place, at no cost. In addition, FNB will keep your original will in safe custody at no extra cost.”

Platform: Android and iOS

Expect to pay: A free download

Stockists: Available the FNB app which can be be downloaded here.

Split Payments

PayFast has launched Split Payments, a South African-first that instantly splits a portion of an online payment with a third party. The service is designed to facilitate fast, safe payments for platform-based businesses, including online marketplaces.

For those who run a marketplace that brings together multiple sellers or merchants looking for new sales channels, Split Payments addresses payment headaches with a simple API integration.

Consumers are used to engaging with large global transactional platforms such as AirBnB, Uber, and Amazon. The benefits and extended reach of these types of platforms are catching on locally, and organisations like estate agency groups and even community marketplaces are setting up digital trading platforms.

The app allows businesses to instantly split out commission, membership or listing fees, when a payment is made via one of its supported payment methods.

For each online payment received  the business can determine what the split is, either a fixed amount, a percentage, or a combination of both. Custom recurring payment integration, such as subscriptions payments, can also be split automatically.

Platform: iOS and Android

Expect to pay: A free download

Stockists: Download Split Payments here

Read more about Momentum’s new Safety Alert app and Fleetonomy.

Previous Page1 of 2

Continue Reading

Featured

Why 4G is still a thing

Published

on

Even with the 5G era already upon us, investment in 4G/LTE networks is still vitally important for operators in sub-Saharan Africa and must remain a core focus of network construction for the immediate future. This is according to David Chen, Vice-President, Huawei Southern Africa. 

“Currently, the mobile broadband penetration rate in Africa is only 47%, while 4G penetration rate is merely 10%,” Chen said.

“Insufficient coverage causes LTE users to fall back to the 2G or 3G networks, resulting in significant decline in user experience. It also leads to congestion on the 2G and 3G networks and makes it difficult to release spectrum used by 2G and 3G.”

Chen said that LTE and 5G complement each other and are evolving in parallel. In the next few years, 5G will mainly be used in more industrial communications.

LTE will remain the primary choice for global mobile communications through 2025. It will form the basic layer of national networks, especially when it comes to the mobile broadband access.

“It will take a long time for 5G to provide nationwide continuous coverage. Before that, enhanced LTE networks can guarantee optimal user experience for 5G users, including services such as VR, AR, and cloud gaming,” said Chen.

He said that it is important for operators to invest in 4G to secure future growth, as it is estimated that there will be an additional 80 million LTE users in sub-Saharan Africa by 2025.

Driven by this growth, LTE traffic in sub-Saharan Africa will increase by a factor of 8.8. By 2025, about 80% of all data traffic in the region will be over an LTE network.

LTE will also be the main source of future revenue for operators.

“According to GSMA Intelligence, 2G and 3G users in sub-Saharan Africa will gradually migrate to 4G,” said Chen. “By 2025, the proportion of 2G users will drop from 46% to 12%.”

Part of the reason for the migration to 4G is because the ecosystem is mature.

“The price of feature phones supporting VoLTE in the sub-Saharan Africa market has been as low as $25,” Chen said.

Since 5G equipment is already available, there is an opportunity for operators to build out their 4G networks while ensuring that they can evolve to 5G in future.

Chen offered the following tips to operators to ensure they are ready for 5G:

  • All future equipment installations should be 5G ready, allowing easy upgrades to 5G through software updates.
  • Software should support multi-standard spectrum sharing to improve spectrum efficiency, and to allow the smooth migration of 2G and 3G users.
  • Networks must support 4G and 5G coordination, in terms of spectrum, operation and maintenance. This will ensure that users have a consistent experience as we enter the 5G era.
  • The value of existing ICT infrastructure, such as base station sites, must be maximised to avoid overlapping services and wasted resources. This would mean boosting the capacity and coverage of every station for optimum efficiency.
  • Carriers should explore the business case for all possible 5G innovations when building 4G networks, and not just embrace 5G for its own sake. This will mean building business models around IoT, video, live broadcast, augmented reality, and virtual reality.
  • It is important that operators build partnerships with providers that can support the ongoing spectrum evolution with fast site upgrades and large-capacity solutions. The idea is to maximise the value of 4G networks, and smoothly evolve to 5G without unnecessary infrastructure investment.

Continue Reading

Trending

Copyright © 2019 World Wide Worx