By Namugerwa Martha

Uganda has been ranked 7th in the world to run a high risk of cyber attacks in the latest Global Threat Impact Index which was released in may 2017 by Check Point®  Software Technologies Ltd.

Africa has featured significantly in the latest Global Threat Impact Index released for May 2017 Out of the top ten countries, five are African with Zambia leading followed by Nigeria followed by Uganda, Malawi and south Africa.

The Index also revealed that more than one in four organisations globally was affected by the Fireball or WannaCry attacks during May.

Two of the top three malware families that impacted networks globally were zero-day, previously unseen attacks.

According to a press statement from Check Point® Software Technologies Ltd  dated June26, 2017, Fireball impacted one in five organisations worldwide, with second-placed RoughTed impacting 16% and third-placed WannaCry affecting nearly 8% of organisations globally.

The two malware variants, Fireball and WannaCry, rapidly spread worldwide throughout the month of May.

The most prevalent malware highlight the wide range of attack vectors and targets cyber-criminals are utilising, impacting all stages of the infection chain. Fireball takes over target browsers and turns them into zombies, which it can then use for a wide range of actions including dropping additional malware, or stealing valuable credentials.

By contrast, RoughTed is a large-scale malvertising campaign, and WannaCry takes advantage of a Windows SMB exploit called EternalBlue in order to propagate within and between networks. WannaCry was particularly high profile, bringing down a myriad of networks worldwide.

In addition to the top three, there were also other new variants of malware seen within the top ten of the index including Jaff (8th) another form of ransomware, demonstrating how profitable this particular attack vector is proving for malicious parties.

“To see so many brand-new malware families among the world’s most prevalent cyber attacks this month underlines just how innovative cybercriminals can be, and shows how dangerous it is for organisations to become complacent,” commented Rick Rogers, Area Manager for East and West Africa at Check Point Software Technologies.

 

Rogers added that Organisations need to remember that the financial impact from cyber- attacks goes way beyond the initial incident. Restoring key services and repairing reputational damage can be a very long and expensive process. As such, organisations in every industry sector need a multi-layered approach to their cyber security, their SandBlast™ Zero-Day Protection and Mobile Threat Prevention, for example, protect against the widest range of continually evolving attack types, and also protect against zero-day malware variants.

Check Point’s Global Threat Impact Index and its Threat Cloud Map is powered by Check Point’s Threat Cloud intelligence, the largest collaborative network to fight cybercrime which delivers threat data and attack trends from a global network of threat sensors. The Threat Cloud database holds over 250 million addresses analysed for bot discovery, more than 11 million malware signatures and over 5.5 million infected websites, and identifies millions of malware types daily.