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OPay, WorldRemit Partner To Offer Mobile Money Transfer Service

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Nigeria-based financial provider OPay has announced a partnership with digital payments platform WorldRemit, to offer international money transfers.

The partnership between OPay and WorldRemit will provide Nigerians with a more affordable way to receive money from over 50 countries including the United States, United Kingdom, and Canada directly into their mobile phones.

The service, which launches in September 2020, is immediately available to all OPay customers on KYC 2 level and above. New customers can download the Opay app from the Google Playstore or iOS store and upgrade to KYC level 2 to instantly access the service.

WorldRemit is an international payments company that enables users to transfer money to countries, including the Philippines, Kenya, Nigeria, Zimbabwe, and India, as well as choose whether transfer is received as a bank deposit, cash pickup, mobile money, and airtime top-up. The company was founded in 2009.

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ESET unveils ESET PROTECT, an affordable and easy to deploy cybersecurity solution

By Sandra Ani

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As the coronavirus pandemic has changed the world around us, organizations have had to adapt to a new, remote way of working, and in response, many have shifted to focus on cloud-first strategies.

To streamline this transition, ESET is launching ESET PROTECT, which provides a single pane of glass to gain centralized visibility, management, and insight across the security of your endpoints.

The ESET PROTECT platform is available either in the cloud to accommodate businesses looking for affordable and easy deployment, or on-premises for increased control.

Recognizing the move away from standard software and traditional forms of licensing, ESET PROTECT empowers users with the flexibility of a subscription-based service. As an organization grows and changes, so too do its security needs – and with a wide range of subscription bundles, ESET can protect your business throughout its entire journey.

Save, save, save

As some businesses find their budgets increasingly squeezed in the face of renewed lockdown restrictions, optimizing the use of your money is even more necessary. It may be tempting to leave security aside but moving to the cloud can provide the much-needed savings on cost.

ESET PROTECT Cloud, for example, takes away the typical cost of server provisioning required for on-premises solutions. Instead, imagine getting rid of hardware – physical servers, backup servers, failover clusters – and not worrying about software updates – server software updates, software component updates, console updates – because that’s all handled by ESET.

Continue to imagine that your business doesn’t need a team of IT administrators to set up and maintain your servers, databases, software and other on-premises infrastructure. Applications that are known to have common vulnerabilities, and which require diligent patching, are no longer your problem.

As a simple, cloud-based subscription, ESET PROTECT Cloud needs just one IT administrator sitting at the console to quickly deploy an entire suite of advanced security solutions that can protect your business from attack.

Seamless, convenient, flexible

Aside from financial benefits, ESET PROTECT offers a wealth of other benefits. With an easy and quick setup process, admins can log in the console and start protecting machines in a matter of minutes. ESET PROTECT’s live installers and wide range of deployment methods enable organizations to install endpoint protection seamlessly across all devices in even the largest corporate network.

Adjusting to each customer’s individual needs, the solution is scalable, allowing businesses to enlarge or reduce the coverage according to the size of their workforce, whether this is in-house or remote.

Convenient, customizable reports allow IT admins to communicate effectively and can be adapted to fit the dynamically changing needs of large or small organizations.

All this is achieved without the need for specialized IT personnel, extensive training, or additional hardware – and ESET specialists are on hand to provide additional support whenever necessary.

Everything you need in the same place

Not all businesses are the same, and ESET is offering a selection of business subscriptions that ensure businesses of all sizes are equipped with the right solutions.

ESET’s business subscriptions all include an endpoint management console – either cloud-based or on-premises – along with endpoint protection by default. ESET PROTECT Mail Plus covers the needs of organizations looking for an advanced mail security solution.

Providing endpoint protection against ransomware and zero-day threats, alongside data protection via full disk encryption, the ESET PROTECT Advanced subscription is perfect for SMBs and MSPs.

ESET

ESET new products table 1

The solution is designed to detect suspicious encryption-like activity commonly employed by ransomware and can run machine learning analyses on high performance machines in the cloud to more quickly discover novel malicious software aiming to evade detection by endpoint security products.

For large organizations, the ESET PROTECT Enterprise option provides comprehensive visibility right down to the techniques commonly used by advanced persistent threat groups.

This is because the subscription offers a highly sophisticated endpoint detection and response solution with rule-based detection, threat hunting and remediation capabilities.

By subscribing to ESET PROTECT Enterprise, enterprise customers get all the benefits of ESET PROTECT Advanced plus endpoint detection and response.

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Opay Plans North Africa Move After 3 Years In Nigeria

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Opay, an Opera-owned Nigerian fintech start-up has recently announced its planned moved to North Africa to commence its operation in 2021, Grassroots.ng understands.

The startup recorded an increase of $1.4bn in transactions in November following a $363m in January 2020 and plans are already in the top gear for expansion.

According to Iniabasi Akpan, Opay’s Country Manager for Nigeria, who spoke about the development said:

“The process has begun, and we will see how the first quarter turns out. We plan to reach a transaction value of about $2bn by the end of this year.”

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Sophos launches four new Open Artificial Intelligence developments

… SophosAI Advances the Practices and Language that Will Transform the Cybersecurity Industry with Much-needed Transparency and Openness

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Sophos, a global leader in next-generation cybersecurity, today announced four new open Artificial Intelligence (AI) developments to help broaden and sharpen the industry’s defenses against cyberattacks, including datasets, tools and methodologies designed to advance industry collaboration and cumulative innovation.

This move accelerates a key Sophos objective to open its data science breakthroughs and make the use of AI in cybersecurity more transparent, all with the aim of better protecting organizations against all forms of cybercrime.

While it is common practice to share AI methodologies and findings in other industries, cybersecurity has lagged in this effort, creating a noisy understanding of how AI truly provides protection against cyberthreats.

Sophos and its team of SophosAI data scientists are catalyzing this change toward openness, so that IT managers, security analysts, CFOs, CEOs, and others making security buying or management decisions, can discuss and assess AI benefits from a level and well-informed playing field.

“With SophosAI’s new initiative to open its research, we can help influence how AI is positioned and discussed in cybersecurity moving forward. Today’s cacophony of opaque or guarded claims about the capabilities or efficacy of AI in solutions makes it difficult to impossible for buyers to understand or validate these claims. This leads to buyer skepticism, creating headwinds to future progress at the very moment we’re starting to see great breakthroughs,” said Joe Levy, chief technology officer, Sophos. “Correcting this through external mechanisms like standards or regulation won’t happen quickly enough. Instead, it requires a grassroots effort and self-policing within our community to produce a set of practices and language that will advance the industry in a disruptive, open and transparent manner.”

It is difficult to overstate the criticality of this shift given the immense potential of how AI can benefit cybersecurity.

Sophos evidence shows that defenders are increasingly facing human adversaries who are constantly upping their game, launching highly contextualized Business Email Compromise (BEC) forgery campaigns or relentlessly developing new ransomware attacks.

Scalable and effective defenses against these and most other types of cyberattacks require assistance from AI. Openness and peer review among those applying AI to address these security threats stimulate innovation and discoveries, driving the entire industry forward.

Sophos is providing datasets, tools and methodologies in four important areas:

SOREL-20M Dataset for Accelerating Malware Detection Research

SOREL-20M, a joint project between SophosAI and ReversingLabs, is a production-scale dataset containing metadata, labels and features for 20 million Windows Portable Executable files (PE). It includes 10 million disarmed malware samples available for download for the purpose of research on feature extraction to accelerate industry-wide improvements in security. This dataset is the first production scale malware research dataset available to the general public, with a curated and labelled set of samples and security-relevant metadata.

AI-powered Impersonation Protection Method

SophosAI’s Impersonation Protection is designed to protect against email spearphishing attacks, where influential people are impersonated to trick recipients into taking some harmful action for the benefit of the attacker.

This new protection compares the display name of inbound emails against high level executive titles – those most likely to be spoofed in a spearphishing attack, such as a CEO, CFO or president – that are unique to specific organizations and flags these messages when they appear suspicious.

Sophos has trained the AI working behind the scenes on a large sample set of millions of known attack emails.

SophosAI has opened up this innovative new protection method, which it has also discussed publicly at Defcon 28 and in an Arxiv paper.

Digital Epidemiology to Determine Undetected Malware

SophosAI has also built a set of epidemiology-inspired statistical models for estimating the prevalence of malware infections in total, which enables Sophos to estimate – and in turn enabling a better chance to find – the needles in a PE file haystack. SophosAI has pioneered and made publicly available this method that helps to determine malicious “dark matter,” malware that might be missed or wrongly classified, and “future malware” that is in development by attackers.

The model is designed to be extensible to other classes of files and information system artifacts and is also discussed in the Sophos 2021 Threat Report.

YaraML Automatic Signature Generation Tools

Signature generation for the detection of malware families is a laborious, manual process. Over the years, researchers have proposed a variety of automatic signature generation methods, most of which have not found adoption because they underperform manual methods. SophosAI has developed a new method for automatic signature generation, called YaraML, that’s significantly different from previous options by taking an AI based approach to the problem. SophosAI directly “compiles” full-fledged, industrial strength machine learning models, the kinds used in commercial security products, into signature languages, essentially allowing AI to “write” the signatures. This proves to be far more effective than previous approaches and represents a breakthrough for the security community. SophosAI has open-sourced YaraML.

These four advancements are the latest from SophosAI, which works creatively like a start-up incubator, but with the intellectual resources of a near billion-dollar global company, including SophosLabsSophos Managed Threat Response and hundreds of thousands of customers. Another advantage is that SophosAI can add new technology directly into shipping products.

This model allows Sophos to react quickly to market needs, predict where the industry must head and advance openness for greater cybersecurity industry collaboration and innovation, all of which is essential when developing defenses against fast-moving adversaries.

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