Connect with us

GRTech

AfreximBank Boss, ECOWAS, Diplomats and others to Speak at GAIN Youth Summit 2022

Published

on

AfreximBank Boss, ECOWAS, Diplomats and others to Speak at GAIN Youth Summit 2022

The President and Chairman of the Board of Directors of African Export Import Bank (AfreximBank) Professor Benedict O. Oramah; High Commissioner of Namibia to Nigeria, H.E Humphrey Geiseb; Ambassador of Cote D’Ivoire to Nigeria and ECOWAS, H.E Ambassador Kalilou TRAORE; Dr Tony Luka Elumelu, Ag. Director of Private Sector Development at the ECOWAS Commission, Nigeria as well as popular Nigerian business man, Mr Obinna Tochukwu Iyiegbu (Obi Cubana), Chairman, Cubana Group, Nigeria have been named the Keynote and Guest Speakers respectively at the 2022 edition of the Grand Africa Initiative – GAIN Youth Summit holding from 28th-29th October, 2022 at 10am WAT daily with the theme The Africa We Want: Nexus between the Youth, Peace and Entrepreneurship II.

The GAIN Youth Summit is an annual gathering of policy makers, diplomats, public and private sector leaders, development institutions, civil society groups and the youths from across the continent and the diaspora, focused on developing entrepreneurship, innovation, professional and employability capacities in young Africans in a way that helps tackle the menace of youth unemployment and conflict on the continent.

The Executive Director, Grand Africa Initiative (GAIN), Ms. Chinwe Okoli stated that this year’s summit will build on and further examine the key insights around the theme The Africa We Want: Nexus between the Youth, Peace and Entrepreneurship discussed at the 2021 summit which had the Vice President of the Federal Republic of Nigeria, professor Yemi Osinbajo, SAN as the Special Guest of Honour.

According to Ms. Okoli, “We are excited at the level of growth in impact that the GAIN Youth Summit is making through the years. This year, we are glad that organisations and institutions such as ECOWAS Commission, AfreximBank, Embassy of the Republic of Guinea to Nigeria, High Commission of Namibia to Nigeria and Embassy of Cote D’Ivoire to Nigeria are partnering with GAIN. We are especially grateful to ECOWAS through the Youth and Sports Development Centre(EYSDC) for their financial support. We are also grateful to all those who will be sharing their thoughts with over 2000 youths from across the world”.

According to Ms Okoli, “other confirmed speakers include; Ehia Erhaboh, Executive Vice President, Operations and Technology, Interswitch Group, Nigeria; Caroline Njuki, Officer in Charge and Chief Technical Advisor Inclusive Jobs and Education, International Labour Organisation, Kenya; Eric Nges: Vice President, J.P Morgan, Germany; Hon. Emma Inamutila Theofelus(MP); Deputy Minister for ICT, Namibia; Sam Itodo, Executive Director, YIAGA Africa, Nigeria; Emmanuel Asika; Country Manager- HP Nigeria; Omni Channel Manager-HP ACE; Lennox Omondi, CEO and Founder, Eco-Bana Limited, Kenya and 2022 Winner Hult Prize; Chidi Nwaogu,  Co-Founder, Publiseer/ Tech Entrepreneur and Software Developer, Nigeria; Princess Adeyinka Tenekah; Founder/CEO, Happy Coffee, Nigeria; Rapitso Mosebetsi, Co-Founder & CEO Iconics Pty Ltd,  Lesotho… among others”

Over the past three years, the GAIN Youth Summit has deepened the discourse and contributed to shaping policies around strategies to unleash the economic potentials of young Africans to build sustainable prosperity on the continent. We are delighted that previous editions of the summit attracted high profile leaders such as Professor Chukwuma Charles Soludo, Governor, Anambra State and  former Governor of Central Bank of Nigeria; British High Commissioner to Nigeria, Catriona Laing; Ambassador of Angola to Nigeria, Dr Januario Eustaquio Quibato; The High Commissioner of South Africa to Nigeria, Mr Thami Mseleku; Nigeria’s Minister of Youth and sports, Hon Sunday Dare;  Her Excellency, Mrs Teneng Mba Jaiteh, The Ambassador Plenipotentiary of The Gambia to Kingdom of Belgium and the European Union; H.E S. F Houmard, The President of in Global Office of the Global Union; H.E, Mr Georges R. P. Chikoti, The Secretary General of the Organisation of African, Caribbean and Pacific States (OACPS);  Mr Tomi Davies ‘TD’, Collaborator-in-Chief, TVC Labs/President, African Business Angel Network (ABAN), Mr Modise J.Motloba, The Group CEO, Tysys Capital Group, South Africa; Professor Joseph Nnanna, Chief Economist, development bank of Nigeria; Professor Ndubuisi Ekekwe,Lead Faculty, Tekedia Institute; Mrs Fati N’zi-Hassane, Supervisor, Human Capital Division AUDA-NEPAD, African Union among others

Grand Africa Initiative (GAIN) is a youth-focused pan-African non-governmental organization which comprises young Africans between 15 and 35 years drawn from within and outside the continent, who are passionate about promoting entrepreneurship as a means to reduce conflict, promote peace and economic revival of the continent. GAIN programs include training, advocacy, mentorship, and youth events, designed to help achieve sustainable development by igniting the positive energy of the greater segment of Africa’s population – the youth.

Participation:

Register to attend the summit for free via the link: http://bit.ly/GAINYS22

GrassRoots.ng is on a critical mission; to objectively and honestly represent the voice of ‘grassrooters’ in International, Federal, State and Local Government fora; heralding the achievements of political and other leaders and investors alike, without discrimination. This daily, digital news publication platform serves as the leading source of up-to-date information on how people and events reflect on the global community. The pragmatic articles reflect on the life of the community people, covering news/current affairs, business, technology, culture and fashion, entertainment, sports, State, National and International issues that directly impact the locals.

Continue Reading

GRTech

Sophos Releases State of Ransomware in Education report

97% Data Recovery in Schools Shows Progress against Ransomware, But IT Burnout Grows – Sophos

Published

on

Sophos Report Finds Education Sector Strengthening against Ransomware

Sophos, a global leader and innovator of advanced security solutions for defeating cyberattacks, has released its fifth annual Sophos State of Ransomware in Education report. 

Sophos, a global leader and innovator of advanced security solutions for defeating cyberattacks, has released its fifth annual Sophos State of Ransomware in Education report. 

The global study of 441 IT and cybersecurity leaders shows the education sector is making measurable progress in defending against ransomware, with fewer ransom payments, dramatically reduced costs, and faster recovery rates. 

Yet, these gains are accompanied by mounting pressures on IT teams, who report widespread stress, burnout, and career disruptions following attacks – nearly 40% of respondents reported dealing with anxiety.

Over the past five years, ransomware has emerged as one of the most pressing threats to education, with attacks becoming a daily occurrence. Primary and secondary institutions are seen by cybercriminals as “soft targets”, often underfunded, understaffed, and holding highly sensitive data. 

The consequences are severe: disrupted learning, strained budgets, and growing fears over student and staff privacy. Without stronger defenses, schools risk not only losing vital resources but also the trust of the communities they serve.

Indicators of Success against Ransomware

The new Sophos study demonstrates that the education sector is getting better at reacting and responding to ransomware, forcing cybercriminals to evolve their approach. 

Trending data from the Sophos study reveals an increase in attacks where adversaries attempt to extort money without encrypting data. 

Unfortunately, paying the ransom remains part of the solution for about half of all victims. 

However, the payment values are dropping significantly, and for those who have experienced data encryption in ransomware attacks, 97% were able to recover data in some way. The study found several key indicators of success against ransomware in education: 

• Stopping More Attacks: When it comes to blocking attacks before files can be encrypted, both lower and higher education institutions reported their highest success rate in four years (67% and 38% of attacks, respectively) 

• Following the Money: In the last year, ransom demands fell 73% (an average drop of $2.83M), while average payments dropped from $6M to $800K in lower education and from $4M to $463K in higher education.

• Plummeting Cost of Recovery: Outside of ransom payments, average recovery costs dropped 77% in higher education and 39% in lower education. Despite this success, lower education reported the highest recovery bill across all industries surveyed.

Gaps Still Need to be Addressed

While the education sector has made progress in limiting the impact of ransomware, serious gaps remain. In the Sophos study, 64% of victims reported missing or ineffective protection solutions; 66% cited a lack of people (either expertise or capacity) to stop attacks; and 67% admitted to having security gaps. These risks highlight the critical need for schools to focus on prevention, as cybercriminals develop new techniques, including AI-powered attacks.

Highlights from the study that shed light on the gaps that still need to be addressed include: 

• AI-powered threats: Lower education institutions reported that 22% of ransomware attacks had origins in phishing. With AI enabling more convincing emails, voice scams, and even deepfakes, schools risk becoming test grounds for emerging tactics.

• High-value data: Higher education institutions, custodians of AI research and large language model datasets, remain a prime target, with exploited vulnerabilities (35%) and security gaps the provider was not aware of (45%) as leading weaknesses that were exploited by adversaries. 

• Human toll: Every institution with encrypted data reported impacts on IT staff. Over one in four staff members took leave after an attack, nearly 40% reported heightened stress, and more than one-third felt guilt they could not prevent the breach.

“Ransomware attacks on schools are among the most disruptive and brazen crimes,” said Alexandra Rose, Director, CTU Threat Research, Sophos. “It’s encouraging to see schools getting better at responding and recovering, but the real opportunity is to stop attacks before they start. Prevention, backed by strong incident response planning and collaboration with trusted public and private partners, is essential as adversaries adopt new tactics, including AI-driven threats.” 

Holding on to the Gains 

Based on its work protecting thousands of educational institutions, Sophos experts recommend several steps to maintain momentum and prepare for evolving threats:

• Focus on Prevention: The dramatic success of lower education in stopping ransomware attacks before encryption offers a blueprint for broader public sector organizations. Organizations need to couple their detection and response efforts with preventing attacks before they compromise the organization. 

• Secure Funding: Explore new avenues such as the U.S. Federal Communications Commission’s E-Rate subsidies to strengthen networks and firewalls, and the UK’s National Cyber Security Centre initiatives, including its free cyber defence service for schools, to boost overall protection. These resources help schools both prevent and withstand attacks.

• Unify Strategies: Educational institutions should adopt coordinated approaches across sprawling IT estates to close visibility gaps and reduce risks before adversaries can exploit them.

• Relieve Staff Burden: Ransomware takes a heavy toll on IT teams. Schools can reduce pressure and extend their capabilities by partnering with trusted providers for managed detection and response (MDR) and other around-the-clock expertise.

• Strengthen Response: Even with stronger prevention, schools must be prepared to respond when incidents occur. They can recover more quickly by building robust incident response plans, running simulations to prepare for real-world scenarios, and enhancing readiness with 24/7/365 services like MDR.

Data for the State of Ransomware in Education 2025 report comes from a vendor-agnostic survey of 441 IT and cybersecurity leaders – 243 from lower education and 198 from higher education institutions hit by ransomware in the past year. 

The organizations surveyed ranged from 100 – 5,000 employees and across 17 countries. 

The survey was conducted between January and March 2025, and respondents were asked about their experience of ransomware over the previous 12 months.

Download the State of Ransomware in Education 2025 report on Sophos.com.

Continue Reading

GRTech

Sophos Endpoint Now Integrated with Taegis MDR and XDR Strengthening Cybersecurity ROI

Published

on

Sophos new Logo
Sophos Logo

Sophos, a global leader of innovative security solutions for defeating cyberattacks, today announced that Sophos Endpoint is now natively integrated and automatically included in all Taegis Extended Detection and Response (XDR) and Taegis Managed Detection and Response (MDR) subscriptions.

This milestone gives customers immediate access to combined prevention, detection, and response capabilities in a single platform, while lowering costs and simplifying operations.

The integration follows Sophos’ acquisition of Secureworks in February 2025 and represents a major milestone in combining the companies’ strengths to help customers defeat cyberattacks with a higher ROI.

Endpoint protection remains one of the most critical layers of defense against today’s cyberthreats, delivering both frontline prevention and vital telemetry for detection and response. 

With Sophos Endpoint included in all new and existing Taegis XDR and MDR subscriptions, customers can benefit from unmatched ransomware defenses and adversary mitigation capabilities that automatically deploy in the event of an attack.

The integration enables organizations to strengthen protection while lowering licensing costs, reduce management overhead through native integration, and accelerate threat mitigation with expanded response actions.

Taegis remains a fully open platform, ensuring customers continue to receive full value from their existing cybersecurity investments and maintain the freedom to use the endpoint protection solution of their choice.

This ensures that customers maximize ROI while allowing room in their budget for other cybersecurity priorities.

“Integrating Sophos Endpoint with Taegis delivers a best-in-class unified protection, detection, investigation, and response platform – while also reducing customer costs,” said Raja Patel, chief product officer at Sophos. “Too many organizations still treat endpoint protection like a commodity, and that’s exactly the mistake attackers are counting on. The reality is, not all endpoint products are built to stop today’s hands-on-keyboard attacks. Sophos Endpoint’s prevention-first capabilities, like CryptoGuard anti-ransomware protection and Adaptive Attack Protection, shut down attacks before they can escalate, which is a true game changer for enterprises managing thousands of devices. And by simplifying deployment and policy management, we’re helping organizations stay ahead of threats, lower their total cost of ownership, and maximize the return on their security investments.”

Key benefits for Taegis customers include:

  • Lower costs and improved ROI: Sophos Endpoint is now automatically included with all Taegis XDR and Taegis MDR subscriptions, eliminating the need to purchase a separate endpoint security solution.
  • Vendor choice preserved: Taegis remains an open platform, allowing organizations to continue using their preferred endpoint solution.
  • Industry-leading protection: A 16-time leader in the Gartner® Magic Quadrant™ for Endpoint Protection Platforms, Sophos Endpoint provides unmatched defense against ransomware and other advanced threats, with features such as CryptoGuard and Adaptive Attack Protection, accessible directly from the Taegis console.
  • Workflow continuity: Telemetry and detections from Sophos Endpoint are ingested into the Taegis platform, allowing customers to retain existing detection and response workflows.
  • Simplified management: Customers can download, install and manage Sophos Endpoint directly from Taegis.

To support a range of environments, customers can now choose between three deployment options for endpoint protection:

  • Sophos Endpoint: Natively integrated for comprehensive prevention, detection, and response in a single agent.
  • Non-Sophos native integrations: Telemetry ingestion ensures full visibility from products such as CrowdStrike, Microsoft Defender, SentinelOne and Carbon Black by Broadcom.
  • Other non-Sophos endpoint security solutions: Supported through a detection only sensor deployment option.

“This integration expands the value and flexibility we deliver to customers and partners,” said Chris Bell, senior vice president of Global Channel, Alliances and Corporate Development at Sophos. “By including Sophos Endpoint in Taegis, organizations gain stronger protection, reduced costs and simplified operations. For partners, it creates new opportunities to help customers consolidate tools, drive renewals and expand enterprise relationships.”

Continue Reading

GRTech

The Economics of Product Decisions: Applying Behavioural Economics and Game Theory in PM

Published

on

Amarachi Nnochiri
Amarachi Nnochiri

Product managers often need to make a clear-cut decision: what should we build next? But the decisions which hold real importance go beyond adding features.

It’s about getting what makes people tick.

It goes way beyond what you would expect, getting into how people behave and using game theory.

These areas give insight into how users decide and how a product’s design can improve growth and keep people interested.

This is what Amarachi Nnochiri excels at. She is a senior product manager that knows how to use economics and psychology in her job.

She goes beyond simply managing product tasks; she develops whole product systems based on how users think, feel, and use a service. Her background shows how understanding human psychology and behaviour can give you a significant advantage in the competition.

One idea Amarachi uses is  “loss aversion.” In this scenario, people feel worse about losing something than they feel good about gaining something of equal value.

She uses this when designing her products, mostly when it comes to pricing and getting people to try new strategies. For example, instead of giving a free trial, she might use a freemium setup where users get some stuff for free but could lose it if they don’t buy an upgrade. This pushes them to pay.

She might also use progress bars or streak counters, since losing progress gets people to keep using the product.

Amarachi also uses ideas from “game theory” to get how users act and change their behavior. She realizes that users are doing more than operating a product, but are playing a game with other users or with the product itself. She designs things that use ideas like “Nash equilibrium,” where nobody can do better by changing what they’re doing. For a social product, this could mean creating a system where doing something good for yourself (like inviting friends) also helps everyone else. This makes the whole thing stable and positive.

Her know-how in game theory also applies to making strong “network effects.” This means making stuff that gets better as more people use it.

A good example is a social network where each new user makes the product more helpful for everyone else. Amarachi endeavours to make things go viral on purpose, not just by luck.

She might use “commitment devices,” which are things that make a user stick with a behaviour by making them depend on it socially or functionally. For example, inviting team members to a tool makes the user stick with the platform and makes the product’s network stronger.

This way of thinking is better than just following the usual steps. By using these economic and psychological tricks, Amarachi develops competitive advantages which are difficult to replicate.

She knows that a company’s best thing is not just a simple interface, but a product that’s designed to sync with how people behave.

Her product choices aren’t just about the needs of users, but equally focus on motivating them to like the product, use it, and stick with it.

In her work, choosing a subscription price isn’t just a business thing; it’s about behaviour. Designing a social feed isn’t just about the content; it’s about balancing what people want and watching how they interact. Amarachi knows extensively about the economics of product decisions. This makes her products innovative and appealing to human behaviour, which leads to more use, keeps people around, and helps the product grow. She’s a leader in product management, where identifying customer desires is backed by understanding human motivation.

Continue Reading

Trending