The latest report by cybersecurity firm Kaspersky has painted a grim picture of Nigeria’s digital payments ecosystem, revealing 37% of respondents in its study suffered financial losses last year. The Kaspersky study says the majority of digital payments users (97%) lost up to $1,000 equivalent as a result of the threats they encountered when using […]
Read MoreThe Editor of TechEconomy has joined the Nigeria Internet Registration Association (NiRA) Executive Board of Directors (EBoD). Peter, a multi-award winner practicing ICT Journalist was elected at the 15th Annual General Meeting (AGM) cum election held in Lagos where Mr. Adesola Akinsanya and Mr. Murtala Abdullahi emerged the new President and the Vice President respectively. […]
Read MoreLeadway Assurance Limited has detected a potential threat to its network and promptly deployed mitigation measures to contain the cyber attack. This is contained in a statement signed by Ms Femi Olayinka, the Strategy and Innovations Manager, Modion Communications for Leadway in Lagos. The firm noted that its preliminary investigation into the criminal intrusion indicates […]
Read MoreThe Nigerian Communications Commission(NCC), has been saddled with the responsibilities of providing internet facilities at 20 airports, some institutions of learning and markets across the country. According to the Minister of Communication and Digital Economy, Prof Isa Panatami, who announced the approval after the Federal Executive Council, the project costing N24.2 billion will be spearhead […]
Read MoreAs organisations across the globe contend with an increasing number of cyberattacks, schools and higher learning institutions are looking for innovative and cost-effective ways to protect their students, staff, and data from breaches and ransomware. “Unfortunately, cybercriminals don’t consider the ramifications of cyberattacks on schools. However, increasing cybersecurity awareness and allocating resources effectively can help […]
Read MoreThe trend of the digital economy, which gained momentum with the global pandemic, is facing a threat from the rising number of cyber security risks. A recent report identified that 90% of businesses in Africa operate without cyber security protocols in place. The report underlined that not only established companies, but also start-ups based in […]
Read MoreAfrica experiences three times as many cyber threats as the global average. However, the continent is still reliant on second-and third generation cyber security tech to defend itself, and needs to to catch up with global trend of using sixth generation technology This is one of the key talking points from a presentation on cyber […]
Read MoreVideo entertainment firm MultiChoice is intensifying its foray into the internet service provider (ISP) market. The company said it has partnered with Vumatel, one of the pioneers of the fibre-to-the-home FIBRE-TO-THE-HOME Contact Mesh Telecom for micro-trenching technologies that reduce turnaround time and the total cost of implementing fibre solutions. Click here for more info. “MultiChoice […]
Read MoreTo avert possible cyber attack as Nigeria introduces the use of technology in its General Election, the Government today, in the Nigerian capital city, Abuja, inaugurated a Committee to advise it on appropriate measures to take in protection of the nation’s cyberspace and ICT infrastructure from potential attacks especially during the 2023 General Elections. The […]
Read MoreThe first-ever thorough analysis of the state of cybersecurity of the US defense industrial base (DIB) reveals that nearly 90% of its contractors do not meet the required security standards. Defense contractors possess sensitive national security information and are being constantly targeted with sophisticated hacking operations led by state-sponsored hackers. The in-depth analysis of the […]
Read More