Online users to spend $45.5bn on cyber security this year

cyber security

Online users to spend $45.5bn on cyber security this year   The digital transformation accelerated by the pandemic and the growing number of data breaches and cyberattacks has forced online users, companies, and organizations to increase their spending on security software solutions. According to data presented by Stock Apps, global security software revenues are expected to hit $45.5 billion in 2021, representing a 20 per cent jump in two years. Revenues to Jump Over $61bn by 2025 The security software market includes all software solutions that aim to protect individual…

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FireForFire: Twitter hires famous hacker to head its cyber security

Twitter Stock

By David Alonge  ______________ Twitter has appointed a famous American hacker Peiter Zatko, popularly known as ‘Mudge’, as its new head of cybersecurity. The appointment comes a few months after the biggest cybersecurity crisis hits the social media giant where prominent accounts were hacked. Recalled that in July 2020, Twitter was hacked by a group of young hackers who gained access to internal tools, publishing messages from the accounts of prominent people including Elon Musk, Bill Gates and the current president-elect of the United State, Joe Biden. In an exclusive interview…

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Cybersecurity Assessment and the Zero Trust Model

By Ed Moyle ___________ Over the past few years, the concept of “zero trust” architecture has gone through a number of evolutionary phases. It’s gone from being the hot new fad, to being trite (in large part due to a deluge of marketing from those looking to cash in on the trend), to passé, and now has ultimately settled into what it probably should have always been all along: a solid, workmanlike security option with discrete, observable advantages and disadvantages that can be folded into our organization’s security approach. Zero…

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Pantami rallies collective effort for enhancing cybersecurity

The minister of communications and digital economy, Isa Ali Ibrahim Pantami, has reiterated the importance of collective efforts by all stakeholders toward enhancing the security of cyberspace for Nigerians, who now depend increasingly on digital tools and platforms to carry out their daily activities. The Minister stated this while delivering a keynote address at the 2020 International Legislative – Stakeholder Conference on Cybersecurity at the NAF Conference Centre, Abuja, on Monday. Represented by Umar Danbatta, the executive vice chairman of the Nigerian Communications Commission (NCC), Pantami said, the conference was…

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