Author: ITPulse

Experts at Allianz Global Corporate & Specialty (AGCS) has identified five trends in its Cyber: The changing threat landscape report. The five trends are: Hackers zero in on vulnerable supply chains: Supply chain attacks – whether on critical infrastructure such as the Colonial Pipeline or on cloud services  – have emerged as a significant risk. Increasingly, ransomware gangs use the threat of disruption to pressure firms into paying ransom, with manufacturing companies, particularly vulnerable. Cloud outsourcing: Companies continue to shift their services and data storage onto the cloud, despite growing concerns around security and risk aggregation. By relying on a…

A new report from Allianz Global Corporate & Specialty (AGCS) has indicated that even though Ransomware remains a top cyber risk for organizations globally, the war in Ukraine and broader geopolitical tensions are a major concern as hostilities could spill over into cyberspace and cause targeted attacks against companies, infrastructure or supply chains. This is even as the report, titled Cyber: The changing threat landscape revealed that business email compromise incidents are on the rise and will increase further in the ‘deep fake’ era. While highlighting the emerging threats posed by the growing reliance on cloud services, the report shows…

The ‘move fast and break things’ philosophy works for many businesses as a means to develop innovative solutions. However, it’s a bad idea for fields that are highly regulated, such as financial technology, healthcare technology, and Artificial Intelligence, where the stakes are high. Product managers in these specific fields must be careful and earn people’s trust. They must be proficient in meeting user needs while complying with guidelines, additionally, they should ensure their products are safe, moral, and are compliant with legislation. It requires a leader capable of managing both opportunities and risks. Someone who sees the regulations as an…

Tranzfar, an international payment solution provider has launched its latest innovative product ‘The Freedom bank Account’ in Nigeria, which allows customers in Nigeria to open and manage their own United Kingdom foreign account for instant payments across UK bank accounts. Tranzfar focuses on cross-border money transfers from the United Kingdom, United States, 27 EU countries, Canada, New Zealand and Australia to Nigeria. Speaking at the launch of the product, the Chairman of Tranzfar, Mr. Bankole Eniola said that the Freedom account was carefully designed to give people in Nigeria, Ghana and Kenya the opportunity to bank globally in over 30…

By Lukman Oladokun As stakeholders in the Digital Economy sector both within and outside Nigeria gathered in Abuja to brainstorm on the path to a sustainable digital economy in the country, the Federal Government has declared that it would no longer accept the importation of any digital technological product or service into the country “until and unless the country is convinced that capacity to develop such product and service is not readily available in the country.” The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami) made the declaration while delivering his special remarks at the 2022 Digital…

To boost the deployment of Fifth Generation (5G) services in Nigeria, the Nigerian Communications Commission (NCC) has decided to put up another two slots of spectrum in the 3.5GHz Spectrum band for auction before the end of 2022. This is coming after MTN Nigeria and Mofab Communications had earlier won the spectrum to deploy 5G services in Nigeria. Already, the Commission in a Draft Information Memorandum (IM) for the auction on the Commission’s website, has invited stakeholders to study the Memorandum for purposes of making submissions ahead of a review of the IM on 16th November 2022. In a statement…

The Cyber Security Experts Association of Nigeria (CSEAN) last Friday in Lagos officially recognized Mr. Remi Afon, the pioneer and immediate past President of the association as ‘Trailblazer of the Year 2022’ for his role in creating awareness about cybersecurity across Nigeria. Speaking while presenting a plaque to Remi Afon at the Cybersecurity Merit Awards, which was held at the Radisson Blu Hotel in Ikeja, the President of CSEAN, Mr. Ade Shoyinka said the recohnition to Mr. Afon is borne out of the association’s desire to recognize the effort Mr. Afon put into the association to make it what it…

By Jessica Hawkey The highest unemployment rate in the world, where almost three in five youth are unemployed, and a crippling skills shortage – especially in the technology industry – exist side by side in South Africa creating a unique vacuum that needs to be filled. Businesses are often hamstrung by an inability to innovate because they don’t have the skills, while young people are not finding their way into the technology industry in large enough numbers to close the skills gap and make an impact on unemployment levels. Software development, which is key to driving innovation, is not the…

The Nigerian Communication Commission (NCC) has called on relevant stakeholders to join hands with the commission to promote a safer Internet experience in Nigeria. This is even the regulatory agency received a cybersecurity promotion award from the Cybersecurity Experts Association of Nigeria (CSEAN). The award, which was conferred on the Commission in recognition of NCC’s sterling contributions to the protection of telecom consumers from all forms of cybercrimes was received during the maiden Cybersecurity Merit Awards in Lagos on Friday. Receiving the 2022 Cybersecurity Award for Best Public Sector Organisation at the event, the Executive Vice Chairman of NCC, Prof.…

The Cyber Security Experts Association of Nigeria (CSEAN) on Friday in Lagos rewarded ten individuals and organizations during the association’s maiden Cybersecurity Merit Awards 2022. The ten awardees are Cyber startup of the year, which goes to Cyber Plural; Media House of the year – ChannelTV, State Government of the Year- Lagos State; MDA (Public Sector) of the year – Nigerian Communications Commission; Organisation (Private Sector) of the year – CyberSOC; University of the Year- Federal University of Technology, Minna; CSEAN Member of the Year – Rotimi Ajasan and Financial Institution of the year – Stanbic IBTC Bank. Other awardees…