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We Need Internet for Inclusive Education – Minister

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Barr. Adebayo Shittu, Minister of Communications, says Nigeria requires internet access to achieve quality and inclusive education in the country.

The minister made the remark while declaring open the 2018 edition of ‘Nigeria Internet Governance Forum’ held in Abuja, with the theme: ‘Internet: An Enabler for Good Governance.’’

He emphasized the use of internet as a tool to drive education process, which he said is the only way to guarantee socio-economic advancement of the country in an inclusive manner.

He said: “The task of improving the lives of the vulnerable and the underprivileged is not for the government alone, it is for all stakeholders.

‘‘Many Nigerians lack access to internet, but I can assure you that the ministry remains committed to ensure that internet access is extended to all parts of the country.

“Many people don’t have access to the internet but we know that when they get connected, they can achieve extraordinary things. The internet belongs to everyone.’’

Shittu, who underscored the need for collaboration among stakeholders called for improved engagements between stakeholders in the sector. He also urged the public to facilitate the growth and adoption of internet as a tool for enhancing the quality of lives of Nigerians.

The minister reiterated government’s resolve to seek a more insistent role in the governance of the internet and technology, said it would continue to push the boundaries of accepted normative standards, adding that the country cannot afford to lag behind the rest of the world.

“We need to look forward to the possibilities that the internet is yet to bring.

“The promise the internet held 26 years ago still holds true and we will continue to believe and advocate for the benefits it brings, the ability to inspire and its capacity to change people’s lives.

“Nigeria represents dynamic change, new ideas, and the next generation of leaders. An internet that includes Nigeria means an internet that exists for the good of all people. One that is shaped by diversity, inclusion, and equal voices,’’ he added.

He, however, expressed concern over unlawful use of the internet to perpetrate crime in the society.

According to the minister, bad actors will continue to attempt to hijack the very nature of the internet to cause harm where it was designed to help.

“However, we have the moral responsibility to protect our culture, youths and other vulnerable groups on the Internet.

“We take the issue of child safety online to be very important and will continue to do all that is necessary to ensure that our youths are engaged in the right direction,’’ he said.

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E-Business

IBM Study Unveils Hidden Costs of Data Breach

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IBM Security has released a global study examining the full financial impact of a data breach on a company’s bottom line.

The study found that hidden costs in data breaches — e.g., lost business, negative impact on reputation and employee time spent on recovery — can be a huge factor. In a “mega breach” of 1 million or more records, one-third of the cost derived from lost business.

And the cost is on the rise; since the 2017 report, the average cost of a data breach globally has increased 6.4 percent, to $3.86 million, according to IBM. The number of mega breaches is also up — from nine in 2013 to 16 in 2017.

The study, sponsored by IBM and conducted by Ponemon Institute, also reveals that:

– Average cost of a data breach involving 1 million records is nearly $40 million.

– Estimated cost of a breach involving 50 million records is $350 million.

– Average time to detect and contain a mega breach (365 days) is 99 days longer than for a smaller-scale breach.

– In a mega breach, the greatest cost is from lost business, estimated at nearly $118 million for a breach of 50 million records.

A major factor in lost business cost is customer turnover — a recent IBM/Harris poll found that 75 percent of consumers in the U.S. say that they will not do business with companies that they do not trust to protect their data.

“The truth is there are many hidden expenses which must be taken into account, such as reputational damage, customer turnover, and operational costs,” said Wendi Whitmore, global lead for IBM X-Force incident response and intelligence services. “Knowing where the costs lie and how to reduce them can help companies invest their resources more strategically and lower the huge financial risks at stake.”

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Global Accelerex Trains Nigerian Security Agencies on Cyber Crime

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Global Accelerex Limited, a Central Bank of Nigeria-licenced Payment Terminal Service Provider and Payment Solution Service Provider, as part of its Corporate Social Responsibility Program, is set to train members of Nigeria’s Security Agencies on Cybercrime.

The event, which will hold on July 25, 2018 at Ladi Kwali Conference Center, Sheraton Hotel, Abuja, will enrich participants’ knowledge of the cyberspace and increase their versatility in dealing with on-line crime.

This collaboration, first of its kind in the e-payment industry, is borne out of the company’s desire to rid the nation of cyber criminals who continue to bring the country’s name into disrepute.

In addition to learning about cyber vulnerability, attendees will also learn about insider threats and sophisticated cyber adversaries.

The forum will host more than 30 participants including officials of the Nigerian Police, Nigerian Armed Forces, Economic and Financial Crimes Commission, Independent Corrupt Practices Commission, State Security Service, National Intelligence Agency and National Drug Law Enforcement Agency.

Others are Nigerian Security and Civil Defence Corps, Defence Intelligence Agency and Nigerian Custom Service.

“We applaud the effort of the Nigerian government in combating cybercrime and securing lives and property in the country. Global Accelerex is driven to compliment this effort to ensure that Nigeria is rid of these miscreants so that citizens can enjoy the cyberspace with the peace of mind they deserve.

It is absolutely critical that we support security operations so that Nigerians can use the internet freely, which is why this training is vital”, stated Stanley Peters, Chief Technology Officer of the company.

The National Security Adviser commends the initiative by Global Accelerex, saying that the move will definitely impact positively on the officers and the nation in general.

He added that continuous training is critical to stay ahead of criminals even as he revealed that attendees have shown a high level of enthusiasm at this unique opportunity.

Keynote speakers that will bring their experience to bear are Mr. Tahmeed Rab, Co-Founder and Managing Partner of Kaizen Solutions Group, Baltimore, USA and Mr. Peter Obadare, Co-Founder and Chief Operating Officer of Digital Encode.

Both experts are acclaimed for their ground-breaking achievements in cyber security, risk and compliance, mobile forensics, network and system consulting.

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Africa.com Acquires iAfrica

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Media holding company Africa.com has today announced its acquisition of Primedia and MTN-owned news portal, iAfrica.com. The terms of the agreement were not disclosed.

In a statement, Africa.com says the acquisition builds on the company’s strength in running the news Web site and the business publisher’s network, a group of nearly fifty business content publishers on the continent who have joined Africa.com to create a digital audience of over 15 million influential business people.

Africa.com chairman and CEO, Teresa Clarke, will serve as executive editor of iAfrica.

“The acquisition of iAfrica creates a next generation South African media platform with a global reach,” says Clarke. “By acquiring iAfrica, we are able to combine editorial, technology, and marketing resources, bringing the benefits of more original content and better site performance to readers of both iAfrica and Africa.com.”

Laura Joseph Africa.com’s MD, adds: “We are fusing a legendary African news portal with an innovative and dynamic management team under one umbrella. With combined resources, we will continue to make each site better and better.”

According to the statement, Africa.com has already started its re-branding of the iAfrica.com news portal.

“Africa.com is known for its creative content in the form of slideshows, videos, and infographics, and we will bring these content forms to iAfrica,” notes Debra Winter, COO of Africa.com.

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