Connect with us

Business

Kaspersky: $2,100 is the average price for access to corporate data on Dark web in Middle East, Turkey and Africa (META) region

Published

on

Kaspersky

The Dark web is a common term that is used to describe different resources used by cybercriminals – forums, instant messengers, Tor websites, blogs, Pastebin and similar websites, and others

NAIROBI, Kenya, November 23, 2022/APO Group/ — 

Sensitive data stolen from companies during cyberattacks often ends up on Dark web markets and forums. With the rise of the cybercrime as a service business model, Kaspersky (www.Kaspersky.co.za) researchers found that not only corporate data itself is for sale, but also the information necessary for access to corporate networks to organise that attack. Globally the average cost for access to corporate systems is in the range from $2,000 to $4,000, and in the META region the average price for access to corporate infrastructure is $2,100. This is relatively inexpensive compared to the possible damage to the targeted business. Such services are of prime interest to ransomware operators, whose profit may reach tens of millions of dollars a year.

The Dark web is a common term that is used to describe different resources used by cybercriminals – forums, instant messengers, Tor websites, blogs, Pastebin and similar websites, and others. The Dark web is also a multifunctional platform and market for any need – from attack preparation to money withdrawal.

Ways the attackers can get access to corporate data

The first way is by exploiting vulnerabilities on the network perimeter. These can be unpatched software with available exploits, vulnerabilities in web applications, misconfigured services or zero-day¹ vulnerabilities.

Another way is by phishing attacks. Most common attack scenarios include fake business correspondence from partners, fake links for online meetings or documents, and COVID-related emails. 

The price for accessing potential victims’ systems is relatively inexpensive when compared to the possible damage that can be done afterwards

Finally, access can be gained by infecting user devices (personal or corporate ones) with a data stealer. Data gets stolen while users continue to work on their device, then the stolen data is transferred to Command and Control servers, packed in files, which are then published on Dark web forums and put on sale. In South Africa, 1,270,617 accounts of users were stolen this way in 2021-2022. In Kenya, 375,011 accounts of users were stolen during the same period.

Selling access on the dark web

Once an attacker gains access to the organisation’s infrastructure, they can then sell this access to other advanced cybercriminals, for example, ransomware operators. The price for accessing potential victims’ systems is relatively inexpensive when compared to the possible damage that can be done afterwards. The average cost for access to a company’s systems lies in the range from $2,000 to $4,000. The cost of initial access depends on the victim company’s revenue and price. Globally 42% of all offers for the sale of access are cheaper than $1,000. The majority (75%) of all lots offer initial access through Remote Desktop Protocol (RDP), making the access for buyers easy. Other types include access through virtual network computing services, through web shell, through Citrix access or SQL injection.

While companies from the META region account for 8% of all offers globally on the sale of access to corporate infrastructure, their access is sold at a high price – the most expensive offer stood at $25 000. The average price for access to corporate infrastructure in the META region is $2,100. The most expensive offers that were found were for companies from Saudi Arabia, the UAE, Israel (starting from $5,000). Access to over 100 enterprises in META with an average revenue of $500 mln has been up for sale on the Darknet over the past 2 years.

Protecting businesses from dark web criminals

“While the Dark web seemed impossible to control in the past, now the situation is changing. Businesses can act to give fraudsters less opportunity to make dark web profits out of their data. Organisations should protect their data from being stolen with strong data security practices, including data encryption and educating employees on how to avoid accidentally giving cybercriminals access,” comments Yuliya Novikova, Head of Security Services Analysis at Kaspersky. “Dark web monitoring should be considered as a threat intelligence data source for cybersecurity staff – CTI analysts, SOC analysts, and others. It will allow to immediately react on security incidents such as offers on selling access to the company and help to prevent data breaches. Digital Footprint Intelligence introduced within the Kaspersky Threat Intelligence portal (https://bit.ly/3hZTdId) provides access to insights from a range of validated sources worldwide, allowing companies to mitigate the impact of cyberattacks and identify potential threats before they become incidents.”

Reference:

¹A zero-day vulnerability is an unknown software bug discovered by attackers before the vendor has become aware of it. Since the vendors are unaware, no patch exists for zero-day vulnerabilities, making attacks likely to succeed unexpectedly.

Distributed by APO Group on behalf of Kaspersky.

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

Published

on

The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

Continue Reading

Business

Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

Published

on

As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

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

Continue Reading

Business

Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

Published

on

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

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

Continue Reading

Trending

Exit mobile version