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Babcock Develops Policy on Intellectual Property

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Babcock University (BU) has developed an intellectual property policy that spells out a reward system for inventors.

Babcock University would own the intellectual property created by any person hired or commissioned for that purpose, the ownership of intellectual property rights that is derived from collaborative research between Babcock University and any other organization would be governed by the agreement between Babcock and such organization or organisations.

“Where there is no written agreement between BU and a grantor or funding agency or where the agreement fails to address the issue of who owns the attendant IP rights, the rights in the result of such research would be vested in the university,” she said.

On other hand, Babcock University would provide financial and moral support that enhances effective administration of intellectual property, while taking steps legally to protect university generated intellectual property against unauthorized use and for the benefit of the institution and creator of IP.

The university would also promote commercialization of intellectual property generated in the University as well as provide necessary linkage of researchers with sponsors and/or external partners among other obligations.

On the distribution of Income derived from commercialization of IP, she said 100% of the revenue generated would go to Babcock University until all out of pocket expenses associated with the legal protection, exploitation of the patent or copyright had been reimbursed, thereafter the net income is shared as follows: 30% to the inventor/author; 35% shall be allocated to Babcock University; 10% to the School of the inventor/author; 10% to RIIC for use in research work and 15% to the department of the inventor/author.

Director, Research, Innovation and International Cooperation, Professor Grace Tayo disclosed this while speaking on “RIIC: The Journey So Far” at the just concluded 2017 colloquium

She explained that the objective of the policy, among others, would encourage innovation as well as provide a framework within which the intellectual property generated by the university would be managed and utilized for the benefit of the creator, the university and the society at large.

Intellectual property (IP) refers to creations of the mind that include inventions, literary and artistic works, and symbols, names, images, and designs used in commerce. The innovations and creative expressions of indigenous and local communities are also IP.

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world.

So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Sophos Identifies Top Ransomware Families in Africa

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Cyber security vendor Sophos has identified the top ransomware families that affected Africa in 2017.

According to Sophos, the Ceber ransomware accounted for 80% of attacks in Africa, followed by WannaCry (17%), and others like Jaff (1%), Locky (1%) and Petya (0.5%).

One of the most active kinds of ransomware out there, Cerber encrypts the files of infected users and demands money in exchange for enabling access to their files. It works even if a user is not connected to the Internet, so they can’t stop it by unplugging their PC.

Cerber, sold as a ransomware kit on the Dark Web, remains a dangerous threat, says Sophos, adding the creators of Cerber continuously update the code and charge a percentage of the ransom that the “middle-men” attackers receive from victims.

Regular new features make Cerber not only an effective attack tool, but perennially available to cyber criminals, the cyber security firm notes.

“This Dark Web business model is unfortunately working and, similar to a legitimate company, is likely funding the ongoing development of Cerber. We can assume the profits are motivating the authors to maintain the code,” says Dorka Palotay, SophosLabs security researcher and contributor to the ransomware analysis in the SophosLabs 2018 Malware Forecast.

The WannaCry ransomware attack was a May 2017 worldwide cyber attack by the WannaCry ransomware cryptoworm, which targeted computers running the Microsoft Windows operating system by encrypting data and demanding ransom payments in the Bitcoin crypto-currency.

“Looking at the whole world, WannaCry was responsible for 45.3% of the ransomware attacks, while in Africa this value is only 17%,” Palotay says.

“In Africa, clearly Cerber was the biggest ransomware threat this year, since 80% of the ransomware lookups was caused by Cerber, while this number is only 44.2% if we look at the whole world. Regarding the smaller families, the results are very similar.”

The SophosLabs 2018 Malware Forecast report recaps ransomware and other cyber security trends based on data collected from Sophos customer computers worldwide from 1 April to 3 October 2017.

One key finding shows that while ransomware predominately attacked Windows systems in the last six months, Android, Linux and MacOS platforms were not immune.

“Ransomware has become platform-agnostic. Ransomware mostly targets Windows computers, but this year, SophosLabs saw an increased amount of crypto-attacks on different devices and operating systems used by our customers worldwide,” says Palotay.

She notes that for the first time Sophos saw ransomware with worm-like characteristics, which contributed to the rapid expansion of WannaCry.

“This ransomware took advantage of a known Windows vulnerability to infect and spread to computers, making it hard to control.

“Even though our customers are protected against it and WannaCry has tapered off, we still see the threat because of its inherent nature to keep scanning and attacking computers. We’re expecting cyber criminals to build upon this ability to replicate as seen in WannaCry and NotPetya, and this is already evident with Bad Rabbit ransomware, which shows many similarities to NotPetya.”

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Cisco urges Retailers on Network System Skills ahead of Black Friday

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Cisco has urged Nigeria retailers to equip their employees with basic network system skills as Black Friday and Cyber Monday begin today.

According to Alfie Hamid, Regional Manager for Corporate Affairs for Cisco Africa, ‘Many retailers have missed empowering their own workforces with, for example, digital collaboration tools, real-time customer insights, and virtual assistance. A workforce that is armed with relevant knowledge and insights is also essential to improving the in-store customer experience, a key differentiator for bricks-and-mortar retailers over their online rivals.’

According to research from Cisco, employee productivity technologies can deliver the greatest value for increasing efficiency, optimising the checkout process and improving worker collaboration. Investments in these areas also contribute to improved shopper experiences and increased loyalty. Just 6% of retailers’ 2016 investment priorities were focused on employee productivity use cases, despite research indicating that use cases deliver the greatest return on investment for retailers; in other words, digitisation is a $187 billion (roughly R2,6 trillion) opportunity, according to Cisco.

“The key initiatives that improve employee productivity all rely on a network that understands how people interact, can be customised easily, and can control access irrespective of the device that the employee is using – all things that today’s retail employees demand,” Hamid says.

In retail, investments in workforce digitisation deliver value to operations, the labour equation, and talent retention. Since all of these support new and compelling customer experiences, digitising the workforce enables a value chain that is critical to retail success.

“A focus on technology investments that empower employees takes on a whole new meaning in Nigeria, which already struggles to overcome education and training challenges,” Hamid says. “With digitisation, companies have an opportunity to improve skills across the board in the retail industry, which will contribute hugely to the growth of the country’s economy, whether on Black Friday or throughout the year.”

 

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Black Friday: Yudala Records Unprecedented Spike In Online Traffic

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By peter oluka

Yudala, Nigeria’s pioneer online and offline e-commerce company is recording an unprecedented spike in online traffic  as eager shoppers thronged the company’s website www.yudala.comfrom midnight to be the first to take advantage of the company’s Black Friday offers.

This year’s edition of Black Friday, a globally celebrated shopping festival, is being marked officially today, Friday November 24th, 2017.

Insights garnered from the shopping activity on the Yudala website show that online traffic on www.yudala.com commenced a steady spike from 11:49pm on Thursday night as early bird shoppers began to lay in wait for the official commencement of the Black Friday midnight rush for deals.

From 12am, traffic on the Yudala website had grossed over 50,000 hits, with shoppers who placed their orders between the hours of 12am – 1am enjoying an additional incentive of free shipping of their orders nationwide. Furthermore, Yudala had made available over 500,000 Early Bird deals on its website for shoppers who place their orders between the hours of 12am – 11:59am today, Friday November 24th.

Prince Nnamdi Ekeh, Vice President at Yudala disclosed that the company was determined to make it a memorable Black Friday for its teeming customers.

“If you are yet to visit the website www.yudala.com, now is the time to do so.  We had Mystery Products up on the website from 12am at 99% off so, from midnight on Friday, we were already processing loads of orders from shoppers who were taking advantage of our early bird deals. Electronics, mobile phones, home appliances, wines and groceries, consumer goods and computing products are among some of the most ordered items. Remember, the Early Bird Deals run till 11:59am today so there is still ample opportunity for many Nigerians to enjoy our unmatched offerings.

“If you miss the early bird deals, then you can take advantage of our Lunch Time Deals which runs from 12pm till 4:59pm today and if you fall into the class of those who prefer to do their Black Friday shopping later in the day, then you can enjoy our Sunset Deals from 5pm till 11:59pm. Also, shoppers who place their orders on the stroke of 11:11am or 12:12pm will get free tickets to the Yudala Christmas party.

“You also stand a chance to spin a wheel of fortune at six Yudala stores in Lagos today to walk home with a free gift. Simply visit any of the Yudala stores in Bode Thomas, Surulere; Admiralty Way, Lekki; The Palms Shopping Mall; Medical Road, Ikeja; Redemption Crescent in Gbagada or the one at Cherub Mall on Lekki-Epe Expressway to experience what Black Friday is all about, courtesy of Yudala.

“No other company offers you all of these mouth-watering options for Black Friday: best prices, mega deals and genuine products. With Yudala, You Live Well,” he concluded.

Interestingly, Yudala is also adding an extra dimension on social media for its walk-in customers.

For shoppers who find their way to the Yudala Experience Store at The Palms Shopping Mall in Lekki today, there is a unique opportunity to follow the “Make a wish” live feed on Instagram at the store.

Yudala has generated loads of frenzy on its Instagram live feed where the company is giving followers a chance to make a wish and see it fulfilled. Many lucky followers have won amazing freebies including laptops, mobile phones, electronics, shopping vouchers and other exciting give-away items through this medium.

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