Convergence Partners acquires Stake in ESET East Africa 0 327

Convergence Partners acquires Stake in ESET East Africa

Acquisition to accelerate growth opportunities for ESET in Kenya.

Pan-African ICT investor, Convergence Partners and ESRO Limited announced at the annual AfricaCom conference in Cape Town, a recently concluded acquisition of a significant minority stake in ESET East Africa by Convergence Partners.

ESRO Ltd are the ESET distributors for the East African region. With its acquisition of a stake in ESRO Ltd, Convergence Partners will now be involved in developing the opportunity for growth for ESET in numerous East African countries. To date the focus has been on Kenya with a recently established ESET Kenya office to ensure the support for local partners is optimized.

“In the emerging native cloud environment coupled with edge computing, data is becoming more vulnerable and we have witnessed increased vulnerability of public and private data repositories to cyber threats and attacks. Cyber security solutions like that offered by ESET are a critical line of defense. We are excited to partner with ESET in this journey,” said Andile Ngcaba, founder and Chairman of Convergence Partners.

The benefits of the new relationship with Convergence Partners will be impactful for ESET Kenya, as their recent entry into the local market will be backed by the established Pan-African presence which Convergence Partners brings to the partnership.

“We are delighted to welcome Convergence Partners as key new shareholders to our business. With a strong emphasis on channel and relationships, we share a vision on growing local cyber security skills in Kenya and together will further develop the ESET brand and distribution opportunities in East Africa. In particular, their portfolio of investments in telecommunications and value-added services offer an important distribution vector for us in these countries,” said Alistair Freeman, director of ESRO Ltd.

The ESET range of multi-award-winning security software has been distributed in the Southern African region as a recognized brand for 15 years. Emphasis has always been placed on top quality customer service and channel support, underpinned by ESET’s strong brand and reputation for excellent products.

Miroslav Mikus, Sales and Marketing Director for Europe, Middle East and Africa at ESET said “We welcome Convergence Partners aboard ESET’s business in Southern Africa – a market which has long been our strongest presence on the African continent. We look forward to continue winning the trust of users in East Africa with the best quality cyber-security protection and the help of both Convergence Partners and ESET East Africa to increase the market share of our products.”

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Coming to terms with cyber security nightmare 0 196

Teddy Njoroge

Last year internet security companies made forecasts about possible cyber-threats to really worry about this year. This we followed with measures that companies and individuals needed to take to ensure a cyber-safe 2018. Paramount among these was the need for proactive use of protective software tools as well as sensitisation and training of users about these threats.

True to predictions, 2018 started with a scenario hardly anyone could have foreseen. Two serious design vulnerabilities in Computer Central Processing Units (CPUs) were exposed that could enable cyber-criminals to steal sensitive or private information such as passwords, documents and photos among other data from unsecured devices.

The “Meltdown and Spectre” CPU vulnerabilities point to a much larger underlying issue. Software bugs and hardware bugs are more common than not, but these once identified can be fixed fairly easily with either a software patch or firmware update for hardware issues.

However, as it turns out this is not possible with these two vulnerabilities as they are caused by a design flaw in the hardware architecture, only fixable by replacing the actual hardware. And that is where the problems begin.

CPUs of affected manufacturers such as AMD, ARM, Intel, among others appear in a lot of Internet of Things (IoT) devices and which are scattered all over the globe.

According to ARM, they are already “securing” a trillion (1,000,000,000,000) devices. Granted, not all ARM CPUs are affected, but if even 0.1 per cent of them are, it still means a billion (1,000,000,000) affected devices.

Due to the huge costs involved, it is not feasible to replace all these faulty CPUs. In reality people will keep their existing devices until end of their life cycles, for years even.

Deployed for countless and diverse applications in the households or offices, once operational many owners have most likely forgotten that they have them and which inherently leaves a giant gap for cybercriminals to exploit.

Any Wi-Fi-controlled device such as refrigerator, digital picture frames, Smart TVs, DVRs and PVRs etc., potentially provides opportunity for sensitive data to be lost. For example, a compromised Wi-Fi password for any of these can make it possible for anyone to hack your home or office network thus giving automatic access to any other connected platform such as emails, social media pages and even shared cloud or archive platforms.

Even though to get access to your IoT device, a would be attacker needs to have compromised the internet network already, or even the applications running on the device, we know that cyber-criminals just like a pack of wolves will not relent after smelling blood.

As a warning, when you are buying a new IoT device, ensure to check which CPU it is running on, and if that CPU is affected by these vulnerabilities.

 

Meltdown and Spectre 0 300

 Microsoft released Security Advisory 18002 on Wednesday, January 3, 2018 to mitigate a major vulnerability to Windows in modern CPU architectures. ESET released Antivirus and Antispyware module 1533.3 the same day to all customers to ensure that use of our products would not affect compatibility with Microsoft’s patch.

The first few days of 2018 have been filled with anxious discussions concerning a widespread and wide-ranging vulnerability in the architecture of processors based on Intel’s Core architecture used in PCs for many years, as well as processors from AMD, and even affecting ARM processors commonly used in tablets and smartphones.

The good news is that ESET can help protect against the types of malware that could take advantage of these vulnerabilities.

And, ESET was one of the very first security vendors to allow the Microsoft patch against the flaw to be enabled.

While ESET protects against potential malware infection, you should also take these steps to secure your computers and data:

  • Make sure your browser is up to date. For Chrome or Firefox users:
    • Mozilla has released information describing their response, including how Firefox 57 will address these security flaws.
    • Google has stated, “Chrome 64, due to be released January 23, will contain mitigations to protect against exploitation.” In the meantime, you can enable “Site Isolation” found in current stable versions of Chrome to provide better protection.
  • Make sure you update your ESET software, then update your Windows OS to protect against this exploit. To update ESET:
  • Customers should review ESET’s Knowledgebase article for important updates.
  • See this great collection of tips, articles and recommendations from the Google Project Zero team.
  • If you have a cloud-based server or have a website hosted by hosting provider, check to see what mitigations they have implemented already to prevent Meltdown.