Tag: Cisco

Globally, the skilled gap in the information communication technology (ICT) security sector continues to widen. This year alone, it reached more than one million, the United States (U.S) tech giants, Cisco has said.

In the Cisco Annual Security Report presented in Lagos, the firm lamented that malicious traffic continues to grow at an unprecedented levels, adding that threats designed to take advantage of users’ trust in systems, applications and personal networks have now reached startling levels.

The sophistication of the technology and tactics used by online criminals—and their non-stop attempts to breach networks and steal data—have outpaced the ability of information technology (IT) and security professionals to address these threats, it added, lamenting that many organisations do not have the people or the systems to continuously monitor extended networks and detect infiltrations, and then apply protections, in a timely and effective manner.

General Manager, Cisco Nigeria, Ghana, Liberia and Sierra-Leone, Dare Ogunlade, who unveiled the report with the firm’s System Engineer, Security, Adeola Kukoyi said the report’s findings offer a vivid picture of rapidly evolving security challenges facing businesses, IT departments and individuals.

Ogunlade said attack methods include socially engineered theft of passwords and credentials, hide-in-plain-sight infiltrations, and exploitation of the trust required for economic transactions, government services and social interactions.

He said: “Organisations across Africa must realise that it is no longer if they will be targeted by cyber-attacks, but rather when Chief Information Security Officers face growing pressure to protect terabytes of data on an increasingly porous network, manage information safely especially on the cloud, and evaluate the risks of working with third-party vendors for specialised solutions – all in the wake of shrinking budgets and leaner IT teams.”

Ogunlade also noted increased sophistication and proliferation of the threat landscape, lamenting that simple attacks that caused containable damage have now given way to organised cybercrime operations that are sophisticated, well-funded, and capable of significant economic and reputational damage to public and private sector victims.

Cisco also highlighted increased complexity of threats and solutions due to rapid growth in intelligent mobile devices’ adoption and cloud computing providing a greater attack surface than ever before, adding that new classes of devices and new infrastructure architectures offer attackers opportunities to exploit unanticipated weaknesses and inadequately defended assets.

The tech firm said cybercriminals have learned that harnessing the power of internet infrastructure yields far more benefits than simply gaining access to individual computers or devices. These infrastructure-scale attacks seek to gain access to strategically positioned web hosting servers, name servers and data centers—with the goal of proliferating attacks across legions of individual assets served by these resources. By targeting Internet infrastructure, attackers undermine trust in everything connected to or enabled by it.