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Sophos boosts Intercept X Solution to assist businesses combat cyberattacks

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Sophos (LSE: SOPH), a global leader in network and endpoint security, today announced Intercept X for Server with Endpoint Detection and Response (EDR).

By adding EDR to Intercept X for Server, IT managers can investigate cyberattacks against servers, a sought-after target due to the high value of data stored there.

Cybercriminals frequently evolve their methods and are now blending automation and human hacking skills to successfully carry out attacks on servers.

This new type of blended attack combines the use of bots to identify potential victims with active adversaries making decisions about who and how to attack.

The SophosLabs Uncut article, Worms Deliver Cryptomining Malware to Web Servers, underscores how easy it is for cybercriminals to leverage bots to discover soft targets. The report explains an automated attack that can deliver a wide range of malicious code to servers that, as a class, tend to lag behind normal update cycles.

Anatomy of a Blended Cyberattack

Once the bots identify potential targets, cybercriminals use their savvy to select victims based on an organization’s scope of sensitive data or intellectual property, ability to pay a large ransom, or access to other servers and networks.

The final steps are cerebral and manual: break in, evade detection and move laterally to complete the mission. This could be to quietly sneak around to steal intelligence and exit unnoticed, disable backups and encrypt servers to demand high-roller ransoms, or use servers as launch pads to attack other companies.

“Blended cyberattacks, once a page in the playbook of nation state attackers, are now becoming regular practice for everyday cybercriminals because they are profitable. The difference is that nation state attackers tend to persist inside networks for long lengths of time whereas common cybercriminals are after quick-hit money making opportunities,” said the Chief Product Officer at Sophos, Dan Schiappa. “Most malware is now automated, so it’s easy for attackers to find organizations with weak security postures, evaluate their payday potential, and use hand-to-keyboard hacking techniques to do as much damage as possible.”

Sophos explains how blended cyberattacks work in this video, Intercept X for Server with Endpoint Detection and Response (EDR).

Sophos Intercept X for Server with EDR

With Sophos Intercept X for Server with EDR, IT managers at businesses of all sizes now have visibility across an entire estate. This allows them to proactively detect stealthy attacks, better understand the impact of a security incident and quickly visualize the full attack history.

“When adversaries break into a network, they head straight for the server. Unfortunately, the mission critical nature of servers restrains many organizations from making changes, often significantly delaying patch deployment. Cybercriminals are counting on this window of opportunity. If organizations do fall victim to an attack, they need to know the full context of what devices and servers were hit in order to improve security as well as answer questions based on stricter regulatory laws. Knowing this information accurately the first time can help businesses resolve issues much faster and prevent them from a repeat data breach,” said Schiappa. “If regulators rely on digital forensics as evidence of lost data, then businesses can rely on the same forensics to demonstrate their data has not been stolen. Sophos Intercept X for Server with EDR provides this required insight and security intelligence.”

Sophos Intercept X for Server with EDR expands Sophos’ offering of EDR, which was first announced for endpoints in October 2018. Sophos EDR is powered by deep learning technology for more extensive malware discovery.

Sophos’ deep learning neural network is trained on hundreds of millions of samples to look for suspicious attributes of malicious code to detect never-before-seen threats.

It provides broad, expert analysis of potential attacks by comparing the DNA of suspicious files against the malware samples already categorized in SophosLabs.

“Our research shows that concerns about security and skills shortages are top of mind with IT and security leadership at many organizations,” said Fernando Montenegro, senior industry analyst at 451 Research. “With cyber threats coming from multiple vectors and at a constant rate, businesses can’t afford to have a gap in their visibility. We believe that, as security teams look for opportunities to enhance their protection, bringing together EDR features and visibility across endpoints and servers is a positive step towards greater efficiency.”

With Sophos’ EDR feature, IT managers also have on-demand access to curated intelligence from SophosLabs, guided investigations into suspicious events, and recommended next steps. To maintain full visibility into the threat landscape, SophosLabs tracks, deconstructs and analyzes 400,000 unique and previously unseen malware attacks each day.

“Our customers use Sophos Intercept X with EDR for their endpoints, and the feedback we’ve had is that Sophos’ EDR is easy to implement, easy to use and easy to manage. This reduces the skills needed to manage EDR and makes our customers much more effective at their protecting servers, a critical factor considering the high rate of attacks there,” said Sam Heard, president of Data Integrity Services, a Sophos partner in Lakeland, Fla. “With EDR for servers, Sophos is building upon its industry leading Intercept X endpoint protection. Sophos is also the only vendor to bring all of its security products together on one cloud-based management platform, Sophos Central, and connect its endpoint and network protection through Synchronized Security. Adding EDR for servers is yet another key industry advancement that will protect our customers.”

Pricing and Availability

Pricing and availability details are available from Sophos partners worldwide.

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Finance

Banks To Now Charge 0.5% Cybersecurity Levy As Directed By CBN; Netizens React

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The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on some transactions done by their customers.

The apex bank gave the directive in a circular dated May 6, 2024 and sent to all commercial, merchant, non-interest and payment service banks as well as mobile money operators and payment service providers.

“Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 and pursuant to the provision of Section 44 (2) (a) of the Act, ‘a levy of 0.5% (0.005) equivalent to a half percent of all electronic transactions value by the business specified in the Second Schedule of the Act’, is to be remitted to the National Cybersecurity Fund (NCF), which shall be administered by the Office of the National Security Adviser (ONSA),” the circular partly read.

The Cybersecurity Levy implementation notice

The apex bank said that the implementation of the levy would start two weeks from the date of the circular.

“The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. The deducted amount shall be reflected in the customer’s account with the narration, ‘Cybersecurity Levy’. Deductions shall commence within two weeks from the date of this circular for all financial institutions and the monthly remittance of the levies collected in bulk to the NCF account domiciled at the CBN by the fifth business day of every subsequent month,” the circular said

The apex bank added that this new levy will not be applied on transactions such as loan disbursements and repayments, salary payments, intra-account transfers within the same bank or between different banks for the same customer, intra-bank transfers between customers of the same bank.

Also exempted from the levy were inter-branch transfers within a bank, cheque clearing and settlements, ⁠Letters of Credits, ⁠Banks’ recapitalisation-related funding only bulk funds movement from collection accounts, savings and deposits including transactions involving long-term investments, among others.

This current implementation however is not sitting well with some netizens as they reacted to the new development.

Here were some of their reactions from X.

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Finance

EFCC Chairman Tasks Nigerian Youths Against Crimes And Fraudulent Acts

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The Chairman of Economic Finance Crime Commission (EFCC), Ola Olukoyede, has stressed the need for Nigerian Youth to see themselves as agents of positive change that have a lot to contribute to the socioeconomic development of the Nation.

Speaking at the 2nd edition of a Leadership Trainings Programme in Abuja, Olukoyede, who was represented by the Head Enlightenment and Re-orientation unit, (EFCC), Aisha Mohammed, said the commission’s dream is to see the youth contribute meaningfully to the society, emphasizing on the need to work together in bringing positive change to society.

The Economic and Financial Crimes Commission Boss declared the readiness of his agency to work with all Stakeholders, including the youth towards changing the narrative and reposition the country to greater exploit.
Also speaking, the representative of the Executive Secretary of Tertiary Education Trust Fund (TETFUND), Sonny Echono, appealed to the youths is to eschew social vices that could deter their full potential in life.

Other speakers at the event, including the Chairperson, Zero Tolerance for Social Immoralities Initiative (ZEITI) Africa, Rasak Jeje called on all stakeholders to join hands in collective pursuit of empowering new generation of leaders to curb the rising tides of social Vice among Nigerian youths.

The Chairperson, Zero Tolerance for Social Immoralities Initiative (ZEITI) Africa, Rasak Jeje made the call while addressing journalists at the 2nd edition of it Leadership Trainings Programme in Abuja on Thursday.
He said the training was aimed to intimate students leaders with knowledge and insights that will help them drive positive change and become exemplary leaders in their respective spheres.

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Finance

AISA Has Refunded The Fees Paid By Yahaya Bello To EFCC

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The Economic and Financial Crimes Commission (EFCC) says the American International School Abuja (AISA) has refunded the fees paid by the immediate past governor of Kogi state, Yahaya Bello, for his children attending the school.

In response to a letter addressed to the Lagos zonal commander of the EFCC, the school said $845,852 was paid in tuition “since the 7th of September 2021 to date”.

AISA said the sum to be refunded is $760,910 because it had deducted educational services already rendered.

“Please forward to us an official written request, with the authentic banking details of the EFCC, for the refund of the above-mentioned funds as previously indicated as part of your investigation into the alleged money laundering activities by the Bello family.

Since the 7th September 2021 to date, $845,852.84 (Eight Hundred and Forty-Five Thousand, Eight Hundred and Fifty Two US Dollars and eighty four cents) in tuition and other fees has been deposited into our Bank account.

We have calculated the net amount to be transferred and refunded to the State, after deducting the educational services rendered as $760,910.84. (Seven Hundred and Sixty Thousand, Nine Hundred and Ten US Dollars and Eighty Four cents).

No further additional fees are expected in respect of tuition as the students’ fees have now been settled until they graduate from ASIA.”

In a chat with The Cable, the spokesperson of the EFCC, Dele Oyewale, confirmed that the school has refunded the money.

‘’The money has been paid into public account,” Dele Oyewale was quoted as saying

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