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2022 and the evolving threat landscape (By Quentyn Taylor)

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Whilst 2021 was defined by its exponential growth, 2022 will be focused on the increased sophistication of ransomware and the techniques used to extort companies

DUBAI, United Arab Emirates, April 11, 2022/APO Group/ — 

By Quentyn Taylor, Senior Director, Information Security and Global Response, Canon EMEA (www.Canon-CNA.com)

Ransomware is here to stay

Cyber criminals are adapting every single day. In 2021, hackers realised the recipe for ransomware was simple and delivered an exceptionally high return: exploit one weakness and force companies to pay millions for that mistake. Whilst 2021 was defined by its exponential growth, 2022 will be focused on the increased sophistication of ransomware and the techniques used to extort companies.

What’s more, following the equation of low risk with a high return, attackers will continue to use email compromise and payment fraud techniques. Payment fraud requests a bank account update to the one the fraudster controls. As this process is predominantly controlled by finance in many large corporates, it can slip through the net of the tight security measures implemented company wide.

By the first half of 2021, businesses had seen a 36% growth of ransomware attacks across Europe, the Middle East and Africa (EMEA), the highest growth of any global region during that time period. [1] While ransomware incidents in Europe are likely to stabilise in 2022, it is predicted that they will continue to grow dramatically in other EMEA regions, most notably in Africa and the Middle East. As these two regions move towards a more digital economy, they are increasingly exposed to cyber-attacks. Cyber criminals are taking what they have learnt from Europe and are applying these lessons to a new ground.

Cyber insurers will scale back to mitigate the risks

Cyber insurance is designed to protect companies from the worst financial consequences of cyber-attacks, but, actually, it’s inadvertently driving the ransomware explosion. The last thing cyber criminals want is to go after an uninsured company and risk their pay out not coming through. Insurers provide them with the assurance they need to carry out the attack and demand more from it. As a result, in 2021, more cyber insurance providers were running at a loss and now they have become more wary.

The UK is the most likely in the world to pay cyber criminals. Recent research by security firm Proofpoint’s found that 82% of British firms that have been victims of ransomware attacks paid the hackers to get back their data, compared to a global average of 58%.[2] It’s obvious cyber insurers cannot take the load of the majority of multimillion ransomware operations, so they are cutting back as a result.

This year, we will likely see a larger scale back of cyber coverage and insurance will get more prescriptive to mitigate the risks. Insurers are waking up to the fact that it’s a losing game. Once weaknesses that can be easily exploited present themselves, insurers will start to exclude the vulnerability of the day; and cyber insurance will not provide companies with the mitigation they would have hoped.

Security teams could pay the price for the hyperverticalisation of the IT industry

Hyperverticalisation of the IT industry, where IT professionals increasingly specialise in one area, will continue to be the standard framework for the industry. The benefits of this to enterprise IT teams are obvious, yet, in 2022, security teams may continue to pay the price.

Intensely specialised IT teams may seem like an advantage as it allows more depth of expertise to a role, but it can be a significant disadvantage in that the management between teams becomes increasingly critical. In the past, more generalist teams were able to understand each other’s role so they could detect and resolve problems reactively. Now, there is the risk they can fall between the cracks. For example, the recent issue in the Java package Log4j, meant increasingly specialised operational and development teams were faced with a significant workload for them to work out where they had this package deployed. Hyperverticalisation may seem attractive, and it is but we must also remember it can come with significant risks from a security perspective.

The modern IT landscape is increasingly complicated, and this increased specialisation is needed to meet new demands. However, a balance must be found. Companies should look to ensure that there is a general management layer over the top, blending all these elements together. This is critical to prevent businesses from unintentionally opening themselves up for attack, just because there are gaps in their internal infrastructure.

Legislation will be key for bolstering B2B security postures

We have already seen government legislation enhance IoT security measures in the consumer tech industry. In 2021, the European Commission adopted the Delegated Act on Cybersecurity to the Radio Equipment Directive that aims to secure all IoT devices before they are sold on the EU market.[3] The Act sets out the legal requirements that must be met for manufacturers to ensure products are more secure and the personal data of citizens is protected. Similarly, the UK recently enforced a Product Security and Telecommunications Infrastructure Bill that requires consumer tech companies to strengthen their security stance by banning default passwords and providing transparency to customers in fixing security flaws.[4] These are steps in the right direction, to curb the growing security problems caused by the rise of IoT that make consumers increasingly vulnerable to attack.

Businesses must continue to evolve their cyber security posture in line with the rising ambitions of attackers

2022 must be the year we see this level of security legislation coming into force in the B2B space. With many businesses planning to continue offering hybrid working options for employees, their risk landscape becomes larger and more complex. Accordingly, organisations need to focus on improving end point security in line with their evolving ways of working. Legislation will provide national guidelines for security teams to adhere to, making it easier for organisations to meet the latest standards. The same legislation will benefit consumers too, perhaps even more so, given it will tighten up security requirements across devices. Whilst businesses will pay more for employees to have a device that has airtight security, most consumers will still opt for a cheaper, less secure device.

Businesses must continue to evolve their cyber security posture in line with the rising ambitions of attackers. Ransomware operations are only set to get more sophisticated and targeted. In response, cyber insurance has been designed to compensate businesses in the event of attacks. However, it is clear organisations won’t be able to rely on it as originally hoped. We must not forget about the other side of the coin to ransomware, payment fraud which is still rampant. While external movers such as government legislation will be key to defining security standards, it is important to consider that small internal changes in lines of communication can make a significant difference. Businesses must be prepared for what is in store and remain committed to deflecting the increasing ambitions of hackers.


[1] bit.ly/3rcVWzS 

[2] bit.ly/3O0ofvg

[3] bit.ly/37BP9sp

[4] bit.ly/37cHjpn

Distributed by APO Group on behalf of Canon Central and North Africa (CCNA).

Business

Port Community Systems (PCS) as the crisis backbone: how trade disruption makes digital port infrastructure non-negotiable (By Alioune Ciss)

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Port Community Systems

With PCS, ports can dynamically allocate resources, adjust workflows, and reprioritize cargo flows using real-time data and coordinated processes

DUBAI, United Arab Emirates, May 19, 2026/APO Group/ —By Alioune Ciss, Chief Executive Officer, Webb Fontaine (https://WebbFontaine.com).

When global trade flows normally, Port Community Systems (PCS) are often viewed as efficiency tools. They digitize paperwork, connect stakeholders, reduce delays, and improve visibility across port ecosystems. However, the true impact and strategic importance of PCS become most apparent when a crisis hits.

Whether caused by geopolitical conflict, canal restrictions, rerouted shipping lanes, cyber risk, labor disruption, or sudden regulatory shifts, modern supply chain shocks remind us that ports without strong digital coordination struggle to adapt, whereas ports with robust PCS infrastructure are better positioned to keep cargo moving. In today’s environment, PCS has become a critical infrastructure.

Disruption is not an exception anymore

Global maritime trade has entered a more volatile era where disruption is structural. Let’s review the recent events to understand the scale of impact:

  • Around 2,000 ships were reportedly stranded during the recent Strait of Hormuz (https://apo-opa.co/4dii0lb) crisis.
  • The Red Sea crisis (https://apo-opa.co/4dz5gFA) led to more than 190 attacks on vessels by late 2024, forcing widespread rerouting and increasing transit times by up to two weeks.
  • The Suez-linked corridor (https://apo-opa.co/4dz5gFA), which carries roughly 10–12% of global maritime trade, experienced sharp volume declines during the disruption.
  • Supply chains across the Middle East, Africa, and Europe faced cascading effects, including congestion, cost increases, and schedule instability.

At the same time, the global port industry itself is undergoing rapid transformation. According to the International Association of Ports and Harbors (IAPH), ports are accelerating digitalization and strengthening resilience capabilities in response to geopolitical and operational uncertainty. This is the new reality: routes shift, volumes spike, and conditions change faster than traditional systems can handle.

Why PCS matters most during a crisis

When vessel schedules collapse, or cargo volumes suddenly spike, physical infrastructure alone is not enough. Cranes, berths, gates and yards also need coordination. That is where PCS becomes the backbone of resilience.

A PCS is not just a digital tool; rather, it’s a shared operational layer. It connects shipping lines, terminals, customs, freight forwarders, transport operators, and authorities through a single data environment, enabling synchronized decision-making across the ecosystem.

Instead of exchanges through emails, phone calls, Excel files, or siloed systems that generate delays and errors, the PCS enables seamless and real-time coordination.

1. Real-time visibility across the ecosystem

When vessels are delayed or rerouted, fragmented communication becomes a liability.

PCS enables real-time visibility across:

  • vessel arrivals and berth planning
  • cargo status and documentation
  • customs readiness and inspections
  • gate operations and inland logistics

Instead of fragmented updates, stakeholders operate from a shared, trusted data environment.

When shipping lanes shift overnight, policies change, and when uncertainty increases, the strongest ports are the ones that are the most ‘connected’

In a crisis, the speed of information becomes the speed of recovery.

2. Faster decision-making under pressure

Sudden disruptions create immediate operational stress:

  • surges in transshipment volumes
  • yard congestion risks
  • inspection bottlenecks
  • inland transport delays

Without digital coordination, responses are reactive and slow.

With PCS, ports can dynamically allocate resources, adjust workflows, and reprioritize cargo flows using real-time data and coordinated processes.

3. Customs and border continuity

Cargo cannot move if border agencies cannot move.

According to joint guidance from the World Customs Organization (WCO) and International Association of Ports and Harbors (IAPH), interoperability between Customs systems and PCS is essential for coordinated border management, risk control, and secure data exchange (https://apo-opa.co/3PLcs9P).

In crisis conditions, this becomes critical. Governments must introduce new controls, risk filters, or emergency procedures quickly, without disrupting trade flows. PCS enables this  balance.

4. Trust and transparency for the market

Importers, exporters, and carriers can tolerate disruption more than uncertainty. What they need is visibility.

PCS provides transparency across the supply chain, allowing stakeholders to track cargo status, anticipate delays, and plan accordingly. This transparency builds trust and reduces the systemic risk of panic-driven inefficiencies.

Operational resilience is the key

As we all know, the classic PCS discussions focus on key KPIs such as:

  • reduced turnaround time
  • fewer documents
  • lower administrative cost
  • faster truck processing

But today, the most important KPI is “readiness”: If a major trade corridor shifts tomorrow, can your port ecosystem adapt in real time?

To answer “Yes” to this question, a future-ready PCS should include:

  • real-time event management
  • integrated stakeholder communication
  • predictive congestion alerts
  • interoperability with customs and regulatory systems
  • scalable architecture for demand spikes

“For years, ‘efficiency’ was key when it comes to PCS. However, today, the key is ‘resilience’… When shipping lanes shift overnight, policies change, and when uncertainty increases, the strongest ports are the ones that are the most ‘connected’… Therefore, we should treat PCS as a crisis backbone of trade, not an IT efficiency initiative.
[Alioune Ciss, CEO, Webb Fontaine]

The Next Evolution: Intelligent PCS

PCS is now entering a new phase. Next-generation systems are evolving into data-driven platforms that support predictive analytics, AI-enabled decision-making, and proactive risk management (https://apo-opa.co/4eQ93Rg).

In other words, today, ports need systems that help orchestrate responses. Solutions such as Webb Ports (https://apo-opa.co/42F3gqq) from Webb Fontaine reflect this shift. By connecting all port stakeholders through a unified platform, anticipating congestion before it happens, simulating operational scenarios, and optimizing resource allocation dynamically, we enable faster coordination, better visibility and more agile responses when disruptions occur.

Distributed by APO Group on behalf of Webb Fontaine.

 

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Energy

Rand Refinery Joins African Mining Week (AMW) as Silver Sponsor Amid Regional Market Expansion Strategy

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Energy Capital

African Mining Week 2026 will showcase lucrative investment, partnership, and knowledge-exchange opportunities across Africa’s gold downstream sector, as Rand Refinery intensifies its investment and expansion strategy across the continent

CAPE TOWN, South Africa, May 19, 2026/APO Group/ –Amid a strategy to expand from a South Africa-focused refiner into a pan-African downstream leader, Rand Refinery has joined African Mining Week (AMW), an Influential African Mining Conference, scheduled for October 14-16, 2026 in Cape Town, as a silver sponsor.

Rand Refinery’s participation reflects a broader strategic alignment between the company’s expansion agenda and AMW’s focus on supporting and enabling local beneficiation and promoting artisanal and small-scale mining (ASM) responsible sourcing frameworks.

 

In terms of volumes, the latest market information indicates that Africa produces 1000tpa of mined gold (more than any other continent), with large-scale mining (LSM) and ASM being almost evenly balanced (500tpa production each). On its current trajectory, African ASM volumes are expected to eclipse those of LSM.

 

The focus on ASM as a transformational imperative is valid, and Rand Refinery is an active participant in the precious metals supply chain, working alongside other upstream and downstream actors to ensure that the communities and countries with gold resources benefit in a sustainable manner.

 

Under the theme Mining the Future: Unearthing Africa’s Full Mineral Value Chain, AMW 2026 offers a critical interface between refiners, miners, regulators, and financial institutions, as African countries intensify efforts to capture more value from responsible mineral production.

 

A key pillar of Rand Refinery’s 2026 strategy is its expansion into high-growth gold markets beyond South Africa. In January 2026, the company partnered with Ghana’s Gold Coast Refinery (GCR) to support the Ghana Gold Board to locally refine artisanal and small-scale (ASM) gold and elevate responsible sourcing standards in West Africa. The partnership also positions Rand Refinery in a rapidly growing and historically fragmented supply segment: ASM operations, enabling the company to enhance traceability and strengthen compliance with global standards for ethical sourcing and anti-money laundering.

 

The partnership potentially allows the monetization of ASM supply streams in the formal gold ecosystem, complementing Rand Refinery’s established role in refining output from responsible large-scale producers. AMW 2026 represents a timely platform for the company to provide an update on its projects and contribution to Africa’s gold sector.

 

As demand for regional refining capacity expands, along with central bank buying programs, companies such as Rand Refinery will be crucial.

 

Central bank gold purchases are projected to average around 585 tons per quarter in 2026, underscoring sustained global demand. In Africa, gold now accounts for approximately 17% of total reserves – up from less than 10% in 2022–2023 – while physical holdings increased from 663 tons in 2022 to an estimated 738 tons in 2025.

 

This upward trajectory is driving demand for trusted refining and value addition services, positioning Rand Refinery as a key partner in the region. Against this backdrop, AMW provides a strategic platform for central banks and gold buyers to engage directly with one of the world’s largest integrated single-site precious metals refining and smelting complexes and strengthen regional beneficiation and national reserve strategies.

 

At AMW, Rand Refinery executives will participate in panel discussions and networking sessions, engaging stakeholders on partnership opportunities that support a more integrated, transparent and value-driven African gold ecosystem.

Distributed by APO Group on behalf of Energy Capital & Power.

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Business

Applications open for the 2027 Meltwater Entrepreneurial School of Technology (MEST) Africa AI Startup Program

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Meltwater

Join a global community of AI entrepreneurs

ACCRA, Ghana, May 19, 2026/APO Group/ –The Meltwater Entrepreneurial School of Technology (MEST) (https://Meltwater.org), has opened applications for the second edition of the MEST AI Startup Program, a fully-funded, immersive experience designed to equip Africa’s most promising AI entrepreneurs with the technical, business, product, and leadership skills to build and scale globally competitive AI startups.

Over a seven-month training phase, the MEST AI Startup program will provide founders with hands-on instruction, technical mentorship, and business coaching from global experts to develop AI-powered solutions. The top startups will then advance to a four-month incubation period to refine products, sharpen go-to-market strategies, and secure market traction. At the end of incubation, startups have the opportunity to pitch for pre-seed investment of up to $100,000 and join the MEST Portfolio.

We are excited to support the next generation of African AI founders through training delivered by some of the most knowledgeable experts in the industry

The inaugural cohort brought together founders from seven African countries who are already building transformative AI solutions across industries. Building on the momentum of the first edition, the 2027 intake reflects MEST Africa’s continued commitment to ensuring African entrepreneurs play a defining role in the future of artificial intelligence.

According to Emily Fiagbedzi, AI Startup Program Director, the urgency of investing in African AI talent has never been greater.

“AI technology is advancing at an extraordinary pace, and meaningful participation in the global AI economy requires more than access to tools, it requires the ability to build,” she said. “This program is designed to help talented African founders develop solutions to real challenges while positioning them to compete globally. We are excited to support the next generation of African AI founders through training delivered by some of the most knowledgeable experts in the industry from organizations including OpenAI, Perplexity, Google, and Meltwater”

For the 2027 intake, the program is open to African founders based in Ghana, Nigeria, Senegal, and Kenya aged 21–35 with software development experience who want to start their own AI startup.

Apply now at https://apo-opa.co/3ReIQSI

Distributed by APO Group on behalf of The Meltwater Entrepreneurial School of Technology (MEST Africa).

 

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