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Kaspersky findings show 78% increase in Banking Trojan attacks in Egypt
Kaspersky has revealed the cyber-threat landscape that Egypt faced duringthe first three quarters of 2019. The latest findings from Kaspersky Security Network (KSN) have revealed that cyber threats seen inEgypt have increased in the first three quarters of 2019, as compared to the same period last year.The increase noted across threat areas are quite significant, and underlines the need for constantprecaution for individuals as well as organisations. Even as the country is investing in raisingawareness about the importance of security awareness and infrastructure, the fact is that maliciousactors are proactive about finding new dishonest ways for gains, and it is a challenge for the averageuser to stay safe without expert protection. During the period reviewed, Kaspersky experts noticed an increase in banking trojans, with astaggering increase of 78%. As mobile and Internet banking grows in popularity in Egypt, those with illintent are finding ways to cheat unsuspecting users. Banks and telecom operators continue to investin security measures to curb the risks associated with cybercrime, but users often inadvertentlyexpose themselves to risk and fraud, unaware of the necessary security measures they need to takewhen conducting their transactions online. To reduce their chances of being impacted by banking trojans, users need to follow precautions suchas avoiding transactions over public Wi-Fi and unknown hotspots and checking that their bankingapplications are installed from trusted sources. Ransomware attacks noticed a 40% increase in the first three quarters of 2019, as compared to 2018.Organizations and online users should always be on their guard to protect against ransomwareattacks, as these attacks are continuously evolving and nearly doubling every year. In these attacks,the intent is to maliciously access and encrypts a user’s computer or files, and then demands aransom for their release. With the increase in new ransomware attacks, conducting employeeawareness trainings within organisations are absolutely crucial. Kaspersky will be showcasing itsAutomated Security Awareness Platform, which is an online tool that builds employee’s cybersecurityskill level and effectively boosts the security awareness of employees in organizations. Khaled Mohamed, Country Manager for Egypt at Kaspersky said, “As Egypt moves towards becomingmore cyber-aware and digitally-driven, we can be certain that over the next decade, the threatlandscape is only going to get more active and challenging to navigate. On a positive note, manyorganisations are leveraging their technology capabilities and cultural understanding to combatcyberattacks and their impact. Industry platforms such as Cairo ICT give Kaspersky the opportunity toengage with partners and customers and help them be more informed and equipped on potentialthreats that could affect their business operations.”Kaspersky experts will be at the company’s stand, Stand 3B3, Hall 3 at Cairo ICT to demonstrateproducts and solutions, and share their insights on developments across the security landscape inEgypt specifically, as well as the wider MENA region.