One in two small and medium-sized businesses (SMBs) in South Africa has yet to see revenues recover to pre-pandemic levels, according to the latest edition of Facebook’s Global State of Small Business Report. 50% of operational South African SMBs on Facebook reported that their sales in February were lower than the equivalent month last year. Some 74% reported that they were operational or engaging in any revenue-generating activities, while 8% of operational SMBs on Facebook expected challenges related to cash flow and 20% expected challenges related to demand or a lack of customers in the next few months. Continuing trends observed throughout the pandemic: Women-owned South African businesses have been hit especially hard. Some 71% of women-led SMBs (vs. 77% of men-led SMBs) on Facebook ...
Image sourced from Modern Ghana Zeepay Ghana has revealed its plans to acquire a majority stake (51%) in Zambian company Mangwee Mobile Money – although, it is not yet known how much Zeepay paid for the majority stake. “The merger is the first of its kind – that two indigenous African fintech companies in mobile money operations have come together to grow. It represents a wind of change ongoing on the African continent,” reads a statement from Zeepay. Managing Director of Zeepay, Andrew Takyi-Appiah believes that this deal will allow Zeepay to expands its operations through Southern Africa. He says “this will give Zeepay access to Mozambique, Malawi, Angola and Namibia amongst others in our efforts to capture Africa’s $70billion remittance market and opportunity to deploy our award-winning...
With an ever-growing number of people working from home, primarily due to the global COVID-19 pandemic, cybersecurity attacks are on the rise, meaning that dealing with security risks is an ongoing journey for enterprises. IDC predicts that by 2023, 60% of data will be generated at the edge by people working from home and from devices outside of the corporate firewall. While at the same time, many corporate cloud services are already being rendered from locations outside the data centre. This has given rise to ransomware attacks as many employees who are working remotely have their firewalls and access points configured to allow remote access. This has also seen an increase in ransomware attacks against Software-as-a-Service (SaaS) applications. While SaaS applications are generally secure...
Sourced from International IDEA Kaspersky has discovered another zero-day exploit, however, researchers are currently unable to link this exploit to any known threat actor. This kind of vulnerability is basically an unknown software bug – upon identification and discovery, they allow attackers to conduct malicious activities in the shadows, resulting in unexpected and destructive consequences. While analysing the CVE-2021-1732 exploit, Kaspersky researchers found another such zero-day exploit and reported it to Microsoft in February. After confirmation that it is indeed a zero-day, it received the designation CVE-2021-28310. According to the researchers, this exploit is used in the wild, potentially by several threat actors. It is an escalation of privilege (EoP) exploit, found in Desktop ...