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Tizeti Rewards Employees with Stock Options

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Tizeti staff

Tizeti, a fast growing Internet Service Provider, leveraging the large wireless capacity available with Wi-fi has announced that it is rewarding its employees by issuing them stock options, in appreciation for their contributions to the acceleration of the growth of the company.

 

The options were granted under the company’s stock options plan, which was approved by its board. This is part of the company’s appreciation of a team that has made immense contributions to its success.

 

“Tizeti prides itself that it has assembled a team that has brought hundreds of thousands into the knowledge economy with its unlimited service, has broken even with its seed investment. Our employees deserve equity in the company that they are creating value for” said Mr. Kendall Ananyi, CEO of Tizeti, who also stated that this will also extend to top new hires.

 

Adding to this, Ifeanyi Okonkwo, chief operations officer at Tizeti said that ‘’Attracting top-notch talent is one of the most difficult aspects of growing a business, as they are principal to the execution of ideas. Looking at how the team has come through over the years, we are delighted to extend our stock option pool to them, in order to retain them and attract new talent as we continue to expand our territory and provide uncapped high-speed broadband internet in Africa.”

 

Tizeti user base has grown impressively, this is worthy of note. With hundreds of thousand of users and 10,000 hotspots, it is now the largest wifi hotspot network in Nigeria with only 70% of Lagos, Nigeria covered and growing at a fast rate. It plans to extend services to the other 35 states in Nigeria in 2019 and deployment plans are in place.

 

 

 

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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E-Business

Asein Replaces Ezekude as DG of NCC

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John Asein

John Asein, former director, Nigerian Copyright Institute, and copyright lawyer has been appointed director-general of Nigeria Copyright Commission (NCC).

 

He replaces Afam Ezekude who had eventful but turbulent tenure at NCC

 

Asein who joined the Commission since its inception in 1988 rose to be the director of the Nigerian Copyright Institute, the training and capacity building arm of the NCC.

His appointment makes it the first time in decades that an in-house expert would be appointed to head the Commission.

 

He has for more than two decades been involved in shaping copyright law and policies in Nigeria.

 

He has also participated in negotiating Nigeria’s position on several international copyright issues.

 

A graduate of the New Hampshire School of Law (formerly, Franklin Pierce Law Center), the Universities of Lagos and Calabar, Asein is also author of Nigerian Copyright Act, with Introduction and Notes; Introduction to Nigerian Legal System and consults widely in the field of intellectual property law, authorship and innovation management.

 

He lectures in the Masters of Intellectual Property (MIP) programme, Africa University, Mutare, Zimbabwe; the Master of Laws (LL.M.) programme, University of Abuja and the Post-Graduate Diploma (PGD) programme, National Institute for Hospitality and Tourism (NIHOTOUR) Abuja.

 

He also lectures part-time at the University of Abuja as an Associate Professor of Law.

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Experts Chart Focus for Cyber Security in 2019

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Cyber security experts in the country have urged organisations to focus on increased awareness as well as creating a world class capacity development and training for their key personnel in charge of protecting their critical information.

 

This is against the backdrop of several reports pointing at increase in cyber- attacks this year.

 

According to William Makatiani, managing director, Serianu, “cybersecurity is a relatively new field in Africa. And for the longest time, top multinational banks were the target for cyber-attacks and the biggest concerns for SMEs was physical security of their crown jewels. This means, SMEs did not see the business value of investing in cybersecurity controls since the risks for them were low. However, with the recent digitization, SMEs have opened up most of their channels and operations to the internet.

 

“This swift shift in operation models without investment in controls, lack of awareness and the mere fact that SMEs make up almost 80% of institutions in Africa has contributed to the high percentage of organisations operating below the poverty line.”

 

He described security poverty line as the point below which an organisation cannot effectively protect itself against losses to cyber attackers.

 

“These organizations spend a maximum of USD 1,500 annually on cybersecurity technologies and services. Among characteristics of organisations operating below the cyber security poverty line include; lack of the minimum requirement for fending off an opportunistic adversary.

 

“Conduct substantial training and awareness activities both for corporates and general citizens. This will empower users with skills to identify cybercrime and take necessary steps to stop or contain the threat.” He added.

 

Peter Obadare, chief operating officer, Digital Encode, said that major challenge organizations face in the fight against cybercriminal and cyber warfare is lack of trained manpower.

 

“I have been in cybersecurity ecosystem for many years now and have identified lack of trained manpower in most organizations. Cybersecurity is not a certificate that speaks for you, but a continuous training to be ahead of the smart criminals, most organisations find it difficult to continually update their IT security staff to be able to face cyber threats,” he said.

 

Ahmed Adesanya, IT Security and Connectivity consultant, added that National Information Technology Development Agency (NITDA) should come out with a framework that organizations must follow in order to secure their sensitive data which will also provide a coordinated approach to fighting cybercrime, especially, now that organizations have taken their businesses to the cloud.

 

 

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Check Point Details Fortnite Flaw that Left Players Open to Account Takeover

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A recent discovery by Check Point Software Technologies Ltd. serves as a reminder that just one small, careless oversight can give hackers all the opening they need to victimize millions and damage a valuable brand.

The company wrote in a blog post that it had identified a vulnerability in the enormously popular Fortnite video game that represented a considerable threat to the video game’s 80 million registered players.

A vulnerability linked to the game’s unvalidated login page “could have allowed a threat actor to take over the account of any user, view their personal account information, purchase virtual in-game currency and eavesdrop on in-game chatter as well as home conversations,” the blog said.

Though this vulnerability was identified and addressed before a hack could occur, the Check Point blog said that Fortnite players have been targeted before by scammers posing as discount sellers of in-game currency, V-bucks.

As the blog pointed out, “With such a meteoric rise in fortune, it is no surprise the popular game has already attracted the attention of cybercriminals set on conning unsuspecting players.”

 

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