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2024 Sophos Threat Report: Cybercrime on Main Street Details Cyberthreats Facing SMBs

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Sophos Launches Managed Detection and Response (MDR)
  • Data and Credential Theft Malware are Top Two Threats Against SMBs in 2023, Accounting for Nearly 50% of All Malware Sophos Detected Targeting this Market Segment
  • Ransomware Still the Biggest Threat to SMBs; Business Email Compromise on the Rise, Along with More Sophisticated Social Engineering Tactics

Sophos, a global leader in innovating and delivering cybersecurity as a service, today released its annual 2024 Sophos Threat Report, with this year’s report detailing “Cybercrime on Main Street” and the biggest threats facing small- and medium-sized businesses (SMBs*).

According to the report, in 2023, nearly 50% of malware detections for SMBs were keyloggers, spyware and stealers, malware that attackers use to steal data and credentials.

Attackers subsequently use this stolen information to gain unauthorized remote access, extort victims, deploy ransomware, and more.

The Sophos report also analyses initial access brokers (IABs)—criminals who specialize in breaking into computer networks.

As seen in the report, IABs are using the dark web to advertise their ability and services to break specifically into SMB networks or sell ready-to-go-access to SMBs they’ve already cracked.

Sophos
Above: Discovered by Sophos X-Ops: a sample of a dark web forum post advertising access to a small U.S. accounting firm. Additional examples of cybercriminal forum ads targeting SMBs, by industry and country, are in the 2024 Sophos Threat Report.

“The value of ‘data,’ as currency has increased exponentially among cybercriminals, and this is particularly true for SMBs, which tend to use one service or software application, per function, for their entire operation. For example, let’s say attackers deploy an infostealer on their target’s network to steal credentials and then get hold of the password for the company’s accounting software. Attackers could then gain access to the targeted company’s financials and have the ability to funnel funds into their own accounts,” said Christopher Budd, director of Sophos X-Ops research at Sophos. “There’s a reason that more than 90% of all cyberattacks reported to Sophos in 2023 involved data or credential theft, whether through ransomware attacks, data extortion, unauthorized remote access, or simply data theft.”

Ransomware Still the Biggest Cyberthreat to SMBs

While the number of ransomware attacks against SMBs has stabilized, it continues to be the biggest cyberthreat to SMBs. Out of the SMB cases handled by Sophos Incident Response (IR), which helps organizations under active attack, LockBit was the top ransomware gang wreaking havoc. Akira and BlackCat were second and third, respectively. SMBs studied in the report also faced attacks by lingering older and lesser-known ransomware, such as BitLocker and Crytox.

Ransomware operators continue to change ransomware tactics, according to the report. This includes leveraging remote encryption and targeting managed service providers (MSPs).

Between 2022 and 2023, the number of ransomware attacks that involved remote encryption—when attackers use an unmanaged device on organizations’ networks to encrypt files on other systems in the network—increased by 62%.

In addition, this past year, Sophos’s Managed Detection and Response (MDR) team responded to five cases involving small businesses that were attacked through an exploit in their MSPs’ remote monitoring and management (RMM) software.

Attackers Sharpen Their Social Engineering and Business Email Compromise (BEC) Attacks

Following ransomware, business email compromise (BEC) attacks were the second highest type of attacks that Sophos IR handled in 2023, according to the Sophos report.

These BEC attacks and other social engineering campaigns contain an increasing level of sophistication. Rather than simply sending an email with a malicious attachment, attackers are now more likely to engage with their targets by sending a series of conversational emails back and forth or even calling them.

In an attempt to evade detection by traditional spam prevention tools, attackers are now experimenting with new formats for their malicious content, embedding images that contain the malicious code or sending malicious attachments in OneNote or archive formats.

In one case Sophos investigated, the attackers sent a PDF document with a blurry, unreadable thumbnail of an “invoice.” The download button contained a link to a malicious website.

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Reviews

Book Review of The Village Priest by Remmy Nweke @NDSF 2025

By ‘Gbenga Sesan, Executive Director, Paradigm Initiative

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'Gbenga Sesan, Executive Director, Paradigm Initiative

On Thursday, June 19, 2025, I had the honour of reviewing The Village Priest by Remmy Nweke—a powerful narrative that weaves together history, tradition, resistance, reconciliation, and innovation, set within the verdant hills of Ilimefo, a village nestled in the heart of Igboland, where “the air was alive with the whispers of ancestors and the rhythms of tradition.”

At the heart of this story is Ogboo AniEze, the revered traditional chief priest of Ilimefo. His life is “dedicated to the preservation and celebration of Ilimefo’s customs and traditions.” The book opens with a clear and symbolic statement of context: “The village and its people, their traditional practices and strong cultural heritage at the crossroads!” This sets the tone for what is not just a fictional tale but a textured documentation of a people’s encounter with time and change.

Ilimefo is introduced to us as a place where “tradition was woven into the very fabric of life,” with festivals like Onwu-ano linked to agricultural cycles and the rhythms of the earth. The rituals, we learn, are not arbitrary. They are “intricately woven” into the identity and continuity of the people. Ogboo AniEze does not merely perform these rituals—he embodies them. “His eyes, clouded with the wisdom of age, seemed to hold the secrets of the past,” and his voice “could calm the most troubled of minds.”

We are told, in great detail, about the structure and discipline of his priesthood: lieutenants from six villages, each with precise roles. Some “raise a cup of water,” others “kill the offerings,” while others “prepare the offerings when cooked.” The sacred rhythm of Ilimefo is grounded in Igbo cosmology, with rituals observed “every Eke market day,” that is, every five days.

As a young boy, Ogboo AniEze apprenticed under his grandfather, “a renowned traditional priest.” His education was both spiritual and practical—“the sacred languages,” “traditional healing practices,” and also “farming, hunting, and craftsmanship.” Through sacred journeys to forests, rivers, and mountains, “a deep connection to the natural world and the spirits that inhabited it” was forged.

One of the cultural pillars explored in the book is masquerading—a practice that carries symbolic, spiritual, and social weight. The masks “represent ancestral spirits, mythological creatures, and symbolic figures.” During festivals, “masked performers danced and sang,” their performances serving both as entertainment and as “social commentary, addressing issues and concerns.”

Yet, as the wind of change began to blow, Ogboo AniEze “encountered modernizing influences such as Christianity and western education,” which “challenged his traditionalist views.” Criticism followed—some said his values were “outdated and restrictive,” accusing him of “lack of adaptability,” and being “disconnected from the modern reality.” But for Ogboo, his visions, his ancestral worship, and his connection to “sacred journeys” remained a steadfast compass.

The villagers, meanwhile, expected him to do more than perform rituals. They expected him to provide “spiritual guidance, interpreting the will of the gods and ancestors,” “offering counseling and mediation,” and even guidance on agriculture and healing. He became “a respected and beloved figure,” not because he resisted change, but because he “found creative ways to balance the two.”

But change came fast and hard with the arrival of GSM—“a strange and mysterious piece of technology.” Introduced by “a group of outsiders, including a Catholic priest, Fada Ekie,” mobile phones arrived in Ilimefo, bringing with them “a stir among the villagers.” At first, the villagers were “fascinated and intimidated,” unsure how to engage with “small and sleek” devices that brought “the hum of signals and the chatter of voices.”

This is where the book truly grapples with its core tension. For Ogboo AniEze, GSM was both opportunity and threat. It “distracted them from their traditional practices” and “threatened to erode the cultural heritage of Ilimefo.” And when his own son, Okorie, embraced the technology, seeing “economic prospects” and “new possibilities,” the crisis became deeply personal.

Ogboo AniEze was “torn between his love and pride for his son and his concern for the impact of the technology.” He feared GSM would “lead to the erosion of the village’s cultural heritage” and cause a “brain drain” as young people “leave the village in search of better opportunities.” He also feared “isolation from the community” and began to “question his own faith and the traditions he had sworn to uphold.”

This led to the turning point. In the hills, he embarked on “dry fasting for a whole four market days.” He returned from that solitary experience with “a new found understanding.” He saw that GSM, though disruptive, “also offered opportunities for growth, development, and connection with the wider world.” He reconciled with Okorie. He apologized to the villagers. He even welcomed the presence of Fada Ekie, the Catholic priest.

What follows is a new era of harmony, where “tradition and modernity coexisted in balance.” Ogboo AniEze began to use mobile phones to “coordinate traditional ceremonies and rituals,” to “document the village’s traditions,” and to “connect with villagers in the diaspora.” The GSM technology, initially feared, became “a powerful tool for preserving the village’s cultural heritage.”

Through collaboration with Fada Ekie, Ilimefo experiences what the book calls a “fusion of traditions”—traditional prayers “incorporated into Catholic ceremonies,” Catholic teachings “infused with indigenous spiritual practices,” and “ancestor veneration blended with the tradition of honoring saints.” The result is “a new spiritual identity,” where “community healing practices” are made stronger through cooperation, and where “interfaith collaboration” becomes a working model for other communities.

Even as GSM introduced new social behaviours—such as Facebook Live streaming of village festivals, or parishioners charging phones during Mass—there is no ridicule or mockery. Instead, Remmy Nweke allows the reader to witness cultural evolution with empathy and respect.

In the Epilogue, we find Ogboo AniEze and Fada Ekie standing together, “looking out at the vibrant scene.” Their story is one of convergence, of two paths that once seemed to diverge, now blending into one shared future. As “the village erupted in joyous cheers,” they “clasped hands,” symbolizing a unity forged through respect, dialogue, and vision.

Let me end where the book ends—on a note of blessing and pride. At the close of the novel, as the village celebrates this new era, Ogboo AniEze declares it “Oyibo Day” and rolls out the drums—not to erase his past, but to embrace a future that includes both Okorie’s device and his own divination, both digital and divine.

The Village Priest is a careful work of cultural documentation, offering not just a story but a chronicle—a record of transition that many rural and even urban African communities continue to live through. It teaches us, without preaching, that true innovation is not in abandoning our roots, but in strengthening them with new tools.

Thank you.

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Refurbished tech: Making a smart choice for a greener future

By Qrent Managing Executive Kwirirai Rukowo

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Kwirirai Rukowo + Refurbished Tech
Kwirirai Rukowo

Consumers and businesses are constantly striving for the latest and greatest technology. However, behind the pursuit of cutting-edge devices lies a significant environmental toll – one that often goes unnoticed. The production of new technology requires vast amounts of natural resources, energy, and labour, contributing to both environmental degradation and significant carbon emissions.

With concerns about sustainability at an all-time high, companies are now looking for ways to reduce their environmental impact without compromising on performance or innovation. Refurbished tech, such as the solutions offered by Qrent, presents an effective, affordable, and eco-friendly alternative.

The refurbished computers and laptops market is set for remarkable expansion, driven by both cost-effectiveness and a growing commitment to sustainability. According to Credence Research, the market is projected to surge from USD 17,856.6 million in 2024 to USD 39,405 million by 2032, achieving a compound annual growth rate (CAGR) of 10.4% during the forecast period.

This growth underlines the increasing adoption of refurbished IT equipment by businesses, educational institutions, and individual consumers as they seek to balance performance with environmental responsibility. The rising trend not only helps organisations reduce capital expenditures but also supports circular economy initiatives by extending the lifecycle of electronic products

As businesses face increasing pressure to meet environmental, social, and governance (ESG) goals, refurbished tech is fast becoming a preferred choice for companies looking to cut costs while reducing their carbon footprints.

At Qrent, businesses can access high-quality, refurbished IT equipment that meets the demands of modern enterprises while simultaneously supporting sustainability initiatives. The company provides a range of refurbished devices including computers, laptops, and servers, ensuring that businesses can operate efficiently while minimising their environmental impact.

These devices are thoroughly tested and restored to like-new condition, offering the same reliability and performance as their brand-new counterparts but with a fraction of the carbon footprint.

Refurbished tech and the circular economy

The transition to a circular economy – a system that emphasises reusing, recycling, and remanufacturing – has become a critical strategy in tackling the world’s waste crisis. The electronics industry is one of the largest contributors to this crisis, with e-waste being the fastest-growing waste stream globally.

By choosing refurbished technology from Qrent, businesses contribute directly to the circular economy. When companies choose to refurbish and extend the lifecycle of their IT devices, they prevent valuable resources from ending up in landfills and reduce the demand for new products, thereby conserving raw materials and decreasing pollution.

Qrent’s refurbishment process includes the responsible recycling of old components and ensures that all equipment is brought back to life in an eco-friendly manner. This not only helps in reducing waste but also plays a significant role in limiting the environmental impact of tech manufacturing.

Embracing circular economy strategies not only prolongs the lifespan of IT assets but also significantly cuts down the need for new manufacturing – thereby reducing carbon emissions. The 2024 Forrester Report on The Circular Economy & Sustainable Manufacturing reveals that a substantial share of firms are already reaping sustainability benefits: 38% have adopted innovative delivery and fulfilment options that minimise waste, 32% are improving waste management practices, and 28% are focusing on more efficient material sourcing.

By opting for refurbished technology, companies can leverage these practices to lower reliance on virgin materials and the high emissions associated with producing new devices, marking a crucial step toward a greener, more sustainable IT procurement model.

Attaining your sustainability goals

Qrent provides businesses with sustainable IT solutions. The company not only supplies refurbished technology but also offers a comprehensive range of services that include equipment leasing, IT asset management, and secure data destruction. Businesses can now gain access to a scalable solution that meets their IT needs while simultaneously supporting their ESG initiatives.

The company’s commitment to reducing e-waste is evident in its emphasis on responsible recycling and disposal practices. When companies dispose their old IT equipment with Qrent through their IT Asset Disposal Solution, they can be confident that their devices will be decommissioned properly and reused, ensuring that valuable materials like metals, plastics, and glass are recovered and re-entered into the manufacturing cycle.

This process prevents toxic substances from polluting the environment and ensures that e-waste is managed in a safe, responsible manner.

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Anambra State Government Launches SolutionLens to Drive Transparency and Citizen Engagement

Reporter: SANDRA ANI

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SolutionLens launch
Officials at the SolutionLens launch

In a bold step towards deepening transparency, accountability, and citizen participation in governance, the Anambra State Government has officially launched SolutionLens, a tech-driven platform designed to track government projects and strengthen engagement between citizens and the state.

The launch event, which was held on Thursday 15th May, 2025 at the SID  Building in Awka, brought together key stakeholders, including government officials, civil society groups, community representatives, development partners, and the media.

The platform was developed through a collaborative effort by the Ministry of Budget and Economic Planning, the Ministry of Information, and the Anambra State ICT Agency.

Representing the Governor, Mrs. Chiamaka Nnake, the commissioner for Budget and Economic Planning, described SolutionLens as “OGP made easy and a democratic tool.” She emphasized its value in planning, budgeting, and fostering investor confidence, thanks to its community-based feedback mechanisms.

In her welcome remarks, Mrs. Ogochukwu Orji, the State Coordinator of the Open Government Partnership (OGP), noted that SolutionLens is “built to shine a light on public projects and empower citizens to ask questions, hold government accountable, and ensure our shared resources are used for the common good.”

Key features of the platform include:

  • A centralized digital hub for government projects
  • Interactive maps and a user-friendly interface
  • A live chat feature to connect citizens directly with MDAs

Speaking during the event, Dr. Law Mefor affirmed that the platform will help Ndi Anambra “access real-time information on what government is doing,” while CFA highlighted its ability to “capture and preserve moments,” underscoring the value of technology in governance.

SolutionLens launch
Government officials present at the SolutionLens launch

One of the key highlights of the launch was a live demonstration of the SolutionLens platform, followed by the formal inauguration of MDA focal persons who will serve as key liaison officers in ensuring the platform remains updated and responsive.

Participants at the launch commended Governor Charles Chukwuma Soludo, for this forward-thinking initiative, describing SolutionLens as a game-changer in how government connects with its people.

As part of its next steps, the government urged all citizens to actively engage with the platform and help spread awareness. This, they emphasized, will not only benefit Ndi Anambra today but safeguard the integrity and prosperity of the state for generations to come.

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