E-Business
Deloitte’s 2014 Report Identifies Tech Trends Disruptors, Enablers
Deloitte, a professional services firm, at the launch of its fifth annual Tech Trends report in Lagos on Wednesday, identified 10 technological trends that could have an impact on African companies across industry sectors over the coming 18 to 24 months.
By Disruptors Deloitte cited opportunities that can create sustainable positive impact in IT capabilities, business operations and sometimes even business models, while enablers are technologies in which many Chief Information Officers (CIOs) have already invested time and effort, but which warrant another look because of new developments or opportunities.
The identifiable disruptors include CIOs as Venture Capitalist; Cognitive analytics; Industrial crowdsourcing; Digital engagement and Wearbles, while the enablers are technical debt reversal; social activation; cloud orchestration; in-memory revolution and real-time DevOps.
“At their core, these trends inspire disruption by having the potential to reshape organisations, business models, and even entire industries in South Africa and beyond. While some of these technologies might seem far-fetched for some, the reality is that the evolving competitive landscape means they can provide companies with a distinct business advantage,” said Kamal Ramsingh, Technology Leader for Africa at Deloitte.
Ramsingh said the disruptive technologies highlighted in the report can challenge CIOs to anticipate the impacts that these forces may have on their organisation.
“This year, we look at how technology forces offer CIOs the opportunity to shape tomorrow, to inspire, to create, and to transform business as usual.”
According to Mark White, the global chief technology officer of Deloitte, “the trends identified in the report have to adhere to very strict criteria which include having to be business-led and technology-enabled, as well as have at least three real world instances of adoption.”
“It is clear that organisations need to be forward-thinking to develop strategies that are cognisant of the pace of technological change. However, trends that are too future-focused are of very little practical value for decision-makers wanting to get a competitive edge in the market in the short-term. As such, the Tech Trends report is focused on those emerging technologies that can provide measurable returns in the next 18 to 24 months,” said White.
“This year’s report reflects the reality of the connected world. Data, mobile, social, cyber security, and the cloud are all key drivers in what businesses do online. Even South African organisations are starting to realise the business benefits that leveraging developments in this area can provide them,” said Ramsingh.
While advising the Nigerian indigenous companies to embrace new ways of using skills in information technology for enterprise value and business growth, he said, “Nigerians need to be more conscious on their security and environment by adopting application of wearable technology which support video and audio solution for personal security.”
On Technical Debt, he said that Nigeria companies could reverse its huge debt consequent, technical deficiencies by adopting the global standard design for technical operation in multinational companies.
Ramsingh disclosed that “Global Technical debt is estimated at $500billon”.
He also charged Nigerians to adopt in-memory storage system, stressing that In-memory computing aid processing of big-data.
He said “In-memory helps to create business value on big data.”
On Cloud Orchestration, the Director said that 100% big data management with efficient cloud solution is possible in Nigeria public and private sector, while there are likely potential pitfall for business using the social media and other e-commerce platform especially as African countries are open to embrace any technology.
“The ability to understand what digital means to any striving business means in Nigeria is essential to leverage global practices,” he said.
E-Business
Cybersecurity Firm Warns of Phishing Threats Targeting Telegram Premium
Kaspersky has warned that fake Telegram Premium offers have been spreading globally, targeting users with phishing scams and malware disguised as alternative app versions.
These attacks aim to steal account credentials or compromise devices. The scams capitalise on Telegram Premium’s popularity and gifting feature, making it crucial for users to remain vigilant.
Telegram Premium is a subscription that offers exclusive features, such as faster download speeds, voice-to-text conversion, premium stickers, an ad-free experience, and more. Users can gift a subscription, and scammers capitalise on this gifting feature and the Telegram Premium topic in general.
One of the tricks begins when a user receives a message that appears to come from someone in their contact list, whose account may have been hacked. The message claims: “You’ve been sent a gift — a Telegram Premium subscription”.
Below, there’s a link that looks legitimate but actually redirects the user to a phishing page, prompting them to log in to Telegram. If victims scan the code or enter their credentials, their account is immediately compromised, giving scammers access to their login details, password, and potentially their authentication code.
There are other tricks referencing the Telegram Premium theme, and not all of them necessarily start with messages on Telegram. Attackers may also use other methods to send phishing links, for example, email.
For instance, perpetrators host fake “giveaways” for Telegram Premium subscriptions. Victims are lured into participating, and in a series of steps, they are directed to a phishing site where they are prompted to enter their Telegram account credentials, ultimately resulting in their account being compromised.
Another machination involves cybercriminals sending victims an invitation to download a ZIP archive that claims to contain a version of the messenger service with a “Premium” subscription. The download link redirects users to a phishing page where they are once again asked to log in to Telegram.
Yet another fraud involves distributing malicious software disguised as an alternative version of the Telegram app with a “built-in” Premium subscription. Scammers send victims links to download APK files claiming they are modified versions of the app, but they turn out to be malware.
“Phishing schemes capitalising on the Telegram Premium topic has been observed in several languages, suggesting that the perpetrators operate globally. Even if these scams haven’t yet reached a specific region, there is a probability they could eventually make their way there.
Therefore, it’s always important to remain cautious and skeptical of offers that seem too good to be true. Additionally, make sure your Telegram security and privacy settings are up to date, and your device has a robust security solution,” advises Olga Svistunova, security expert at Kaspersky.
E-Business
FG to Add Iris Biometrics to Digital ID for more Inclusion
National Identity Management Commission of Nigeria (NIMC) has said that it is looking at ways of streamlining and expanding the rollout of digital ID in Nigeria and one of the options on the table is adding iris biometrics to its digital ID enrollment.
Iris biometrics is a biometric authentication technology that uses the unique patterns of the iris to identify a person
The hint was dropped recently by Abisoye Coker-Odusote, director general and chief executive officer, NIMC, during a Digital Public Infrastructure (DPI) Journalism Fellowship training which took place in Abuja.
Speaking through a representative, the NIMC boss said this idea is among a litany of innovations which they are planning to introduce to the digital ID system in order to make it more inclusive, The Sun reports.
At the moment, biometric enrollment for the National Identification Number (NIN) in Nigeria involves face and fingerprints.
Adding the iris modality, according to the official, will make it possible for citizens with disabilities to be equally issued the important credential which is necessary to access a wide range of services in the country.
“We are exploring the use of iris recognition technology to cater to the specific needs of individuals with disabilities,” the representative was quoted as saying. Uganda is one other African country which has announced the addition of iris biometrics to its new generation biometric national ID card.
The NIMC CEO said despite the challenges the ID authority faces, its commitment to build an inclusive ID system and expand coverage remain unwavering.
She emphasized the important of the NIN as an essential tool in getting access to several services.
In order to streamline access to services, Odusote said they have been working tirelessly with their partners to enhance interoperability among government agencies to facilitate identity verification.
This, she says, will save Nigerians the stress of having to register many times with government agencies to obtain services.
The innovations envisaged by the NIMC are part of a broader reforms plan which aims to give the ID authority a new legislative framework for more efficient identity management.
It also comes at a time when the World Bank has extended its support for the country’s digital ID program by another two years, with a target to issue 180 million digital IDs by the close of the extension.
The Nigeria ID4D has pledged in the past to create the enabling environment to the issuance of NINs to persons living with disabilities.
A recent investigative report however suggests that many aged and physically challenged citizens in Nigeria go through tough times seeking the NIN.
Some have reportedly had their SIM cards blocked while others have been locked out of their bank accounts for their inability to register for a digital ID.
E-Business
Kaspersky Reviews Main Business Headache Related to IT Security
According to the recent Kaspersky IT Security Economics report, the majority of companies surveyed globally find the loss of productivity, securing complex tech environments, and enabling data protection to be the most concerning business issues, driven by growing IT security needs and requirements.
The Kaspersky IT Security Economics report is released every year to analyse the changes in budgets, breaches and business challenges affecting IT Security decision makers.
This report is compiled from interviews with IT and IT security professionals from organisations of different sizes and industries. The survey was carried out in 27 countries across Europe, the Asia-Pacific region, Latin America, North America, the Middle East, Turkiye and the Africa (META) region, including in Egypt, KSA, Pakistan, South Africa, Turkiye, UAE.
According to the report, downtime and lost productivity are the most concerning business problems caused by ineffective IT security, an opinion expressed by 38% of companies globally and 34% in the META region. They encounter this problem mainly because of the long-time taken to detect and remediate threats.
Data protection is another important concern that was expressed by 33% of companies globally and 34% in the META region.
Respondents were worried about this because they regularly encountered the physical loss of devices by employees and experienced leakage of data from corporate systems caused by both external and internal reasons.
Securing complex technology environments and ensuring data connectivity were also on the list of key concerns, according to 33% of respondents globally and 26% in the META region.
Among the main IT issues that cause this challenge, respondents pointed to the rising number of incidents involving non-computing connected devices and incorrect operations of cybersecurity solutions that leave systems exposed.
Additionally, difficulties in managing security across different computing platforms play a crucial role in their inability to build a reliable all-encompassing cybersecurity system.
“It is crucial for organisations to safeguard every aspect of their operations from potential breaches. Attackers no longer solely rely on zero-day exploits, as a simple click on a malicious link or a vulnerability in a contractor’s infrastructure can lead to devastating consequences.
“This underscores the idea that information security should be based on a comprehensive and systematic approach, rather than being limited to the implementation of individual point-specific measures,” comments Alexey Vovk, Information Security Director at Kaspersky.
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