E-Business
IBM Supports Mobile Economy with Z13 Mainframe Computer Launch
IBM, notable for its innovative capabilities, is combining a couple of odd computing with the new trends, following a new machine that combines the mainframe, the old workhorse, and the smartphone, launched on Wednesday.
Apparently, IBM designed the latest version of the mainframe with the smartphone in mind.
The new mainframe, the z13, has been engineered to cope with the huge volume of data and transactions generated by people using smartphones and tablets.
“This is a mainframe for the mobile digital economy,” said Tom Rosamilia, senior vice president in charge of IBM’s systems business, which includes mainframes. “It’s a computer for the bow wave of mobile transactions coming our way.”
IBM brings out a new mainframe about every three years, and the success of this one is critical to the company’s business.
Mainframes alone account for only about 3 percent of IBM’s sales.
But when mainframe-related software, services and storage are included, the business as a whole contributes 25 percent of IBM’s revenue and 35 percent of its operating profit, estimates A.M. Sacconaghi of Bernstein Research, as reported by Cyberoption.Net blog.
Over the years, IBM has done a good job of revamping the mainframe to handle new workloads.
Modern mainframes, for example, run a lot of open-source software, like the Linux operating system.
Today, though, IBM is in the midst of a transition challenge, it is investing to build large, growing businesses in new areas like cloud computing, big data analytics and mobile applications for corporations.
But those fields have not yet grown fast enough to make up for the erosion in some of its hardware, software and services offerings.
The mainframe is not a growth market for IBM.
But maintaining the mainframe franchise is a strategic imperative for IBM, giving it financial ballast and time as it pursues new opportunities.
“Ensuring the relevance of the mainframe, and with it deep ties into so many major corporate accounts, is crucial to IBM,” Sacconaghi said.
The new mainframe, Rosamilia said, has a host of technical improvements over its predecessor, including three times the memory, faster processing and greater data-handling capability.
IBM spent $1 billion to develop the z13, and that research generated 500 new patents, including some for encryption intended to improve the security of mobile computing.
Much of the new technology, Rosamilia added, is designed for real-time analysis in business. For example, he said, the mainframe system can allow automated fraud prevention while a purchase is being made on a smartphone.
Another example, he said, would be providing shoppers with personalized offers while they are in a store, by tracking their locations and tapping data on their preferences, mainly from their previous buying patterns at that retailer.
These real-time applications, according to Donna Dillenberger, a distinguished engineer at IBM’s Watson lab, can be done in a mainframe environment.
They are not yet possible on clusters of smaller, industry-standard computers, she said. But there are several open-source software projects, like Apache Spark, that focus on real-time data processing across large numbers of computers.
Mobile computing is certainly accelerating the data-handling and transaction-processing challenges for businesses of all kinds.
The volume of purchases made on smartphones and tablets in the United States, estimated at $114 billion last year, is projected to more than double to $293 billion by 2018, according to Forrester Research.
That kind of growth trajectory in America and elsewhere is largely attributable to the popularity and steadily improving capabilities of mobile devices.
But the simplicity of a tap-and-swipe mobile computer also contributes to the complexity of the computing tasks a user never sees when, for example, making an online purchase.
A single consumer action can set off four to 100 computing transactions — with information sent securely — like confirming an identity or authenticating a credit card.
Howard Rubin, an independent analyst, calls this the “starburst effect.” The advance of mobile computing, he noted, leads to “a surge of back-end transactions.”
In developing the z13, IBM worked with 60 companies and government agencies, mainly longtime mainframe customers.
But IBM won a convert in Ronald J. Peri, chief executive of Radixx International. Radixx, based in Orlando, Fla., runs the computerized reservation systems for 40 airlines, mostly smaller and midsize carriers outside the United States.
In the late 1980s, while working for an insurance company, Mr. Peri was an early advocate of moving off mainframes and onto networks of personal computers. An article from that time in The Wall Street Journal cited Mr. Peri as being in “the vanguard of a revolution” against the high-priced tyranny of mainframe computing.
Today Mr. Peri is shifting the back-end computing engine in the Radixx data center from a cluster of industry-standard servers to a new c.
After testing out the mainframe, he has been impressed by its performance, security and even cost. He estimates the total cost of ownership including hardware, software and labor will be 50 percent less with a mainframe than on his “sprawling server farm,” given the growing complexity of managing hardware and software from several suppliers.
“We kind of rediscovered the mainframe,” Mr. Peri said.
E-Business
Kaspersky Contributes to Joint INTERPOL-AFRIPOL Operation Combating Cybercrime Across Africa
Kaspersky has recently assisted its partner law enforcement agencies INTERPOL and AFRIPOL in a joint effort to disrupt cybercrime across the African region.
Dubbed “Serengeti,” the operation has led to the arrest of more than 1,000 individuals suspected of links to cybercrimes such as ransomware operation and business email compromise (BEC) attacks, resulting in nearly US $193 million in financial losses worldwide.
As Africa is going through a rapid digitisation, the threat of cybercrime on the continent is also escalating. In the African region in general and West Africa in particular, ransomware emerges as one of the most prominent attack vectors, targeting critical infrastructure, financial institutions, and manufacturing facilities, among others.
During the first 10 months of 2024, ransomware detections in West Africa surged by 36% year-on-year, according to Kaspersky data. Other noticeable cyberthreats targeting users and organisations in the region include spyware and password stealers.
Conducted from September 2 to October 31, operation Serengeti dismantled 134,089 malicious infrastructures and networks linked to cybercrimes including ransomware operations, BEC attacks, digital extortion and online scams — all identified as prominent threats in INTERPOL’s 2024 Africa Cyber Threat Assessment Report.
Kaspersky has contributed to the operation by sharing information on threat actors, data on ransomware attacks and malware targeting the region, as well as up-to-date indicators of compromise (IoCs) for malicious infrastructure across Africa.
Among the malware targeting African countries was also a well-known Brazilian banking trojan Grandoreiro – Kaspersky recently released new findings on this trojan at its Security Analyst Summit. Additionally, ransomware families detected in attacks on African organisations among others included LockBit, Rhysida, and Medusa.
The operation has also resulted in the identification of more than 35,000 victims of cyber offenses investigated.
Valdecy Urquiza, Secretary General of INTERPOL, said: “From multi-level marketing scams to credit card fraud on an industrial scale, the increasing volume and sophistication of cybercrime attacks is of serious concern.
Operation Serengeti shows what we can achieve by working together, and these arrests alone will save countless potential future victims from real personal and financial pain. We know that this is just the tip of the iceberg, which is why we will continue targeting these criminal groups worldwide.”
Ambassador Jalel Chelba, AFRIPOL’s Acting Executive Director said: “Through Serengeti, AFRIPOL has significantly enhanced support for law enforcement in African Union Member States. We’ve facilitated key arrests and deepened insights into cybercrime trends. Our focus now includes emerging threats like AI-driven malware and advanced attack techniques.”
“We are proud to contribute to this multi-stakeholder operation orchestrated by INTERPOL and AFRIPOL,” comments Yuliya Shlychkova, Vice President, Global Public Affairs, Kaspersky. “The emerging dynamics of the threat landscape in Africa requires a stronger regional dialogue on mitigating acute cybersecurity risks.
Kaspersky firmly supports INTERPOL’s and AFRIPOL’s efforts to prevent and disrupt cybercrime attacks across Africa and shares the holistic approach towards creating a more cyber-resilient environment within the continent.”
Thanks to the cooperation with INTERPOL and AFRIPOL, Kaspersky has been an active contributor to fostering a more cyber-savvy environment in the African region.
In addition to the vast record of joint operations in Africa, with the latest being INTERPOL-led operation Synergia II, Kaspersky has recently sealed a five-year cooperation agreement with AFRIPOL to further strengthen its role in creating a more cybersafe climate on the continent by sharing Kaspersky’s extensive data on local cyberthreats and cybercrime trends with the organisation.
E-Business
NITDA Alerts Nigerians on Cybersecurity Risks Linked to Spotify
National Information Technology Development Agency (NITDA) has issued a public alert warning Nigerians about a cybersecurity threat involving the use of Spotify to promote malicious activities.
The agency, in a public notice issued on Tuesday, disclosed that threat actors are exploiting the popular music streaming platform to advertise game hacks, pirated software, and spam links that could expose users to cyber threats.
According to NITDA, cybercriminals embed malicious promotions in playlist names and podcast descriptions on Spotify, explaining that these promotions are used to advertise game hacks for popular video games such as Fortnite, GTA, Apex, and Roblox. Additionally.
They also promote pirated software (commonly referred to as ‘cracks’), spam links, and other malicious sites.
This abuse is said to leverage Spotify’s web player results to improve the search engine visibility of these harmful websites, putting unsuspecting users at risk of malware, scams, and other cyber threats.
NITDA warned that the exploitation of Spotify could lead to exposure to scams and phishing attacks, downloading of malware that can compromise user devices and Loss of personal and financial data through interactions with malicious websites.
To manage the risks, NITDA advised users to exercise Caution with suspicious playlists and podcasts and avoid engaging with playlists or podcasts that feature unusual or suspicious text in their descriptions.
It also warned users not to click Unknown Links, and also ensure the Spotify app is updated to the latest version to minimise vulnerabilities.
The agency further advised Spotify users in Nigeria to remain vigilant and adhere to cybersecurity best practices to safeguard their personal information and devices.
According to the agency, the websites posing as OpenAI’s popular AI, ChatGPT, are tricking users into downloading malicious files or software to their devices.
E-Business
Konga Yakata’s Last Week: Don’t Miss Out on Incredible Deals
Excitement is reaching a fever pitch among shoppers as the Konga Yakata Black Friday shopping fiesta enters its final week. Shoppers nationwide are gearing up for a rain of last-minute deals and irresistible offers, with the promotion set to end on Saturday, November 30, 2024.
The month-long Konga Yakata campaign, which kicked off on Friday, November 1, has delivered an unparalleled shopping experience, treating customers to incredible discounts, engaging promos, and unbeatable incentives.
In addition to massive price cuts across a wide range of products, Konga has thrilled shoppers with exciting events such as Treasure Hunts, Flash Sales, Bargain Bash, Brand Days, and specialized Black Friday packages like the Budget Store, Under 50k Store, and TGIF Epic Drop.
The highlight of the Yakata 2024 season will be this year’s Black Friday, which takes place on Friday, November 29. Thousands of customers will be able to score exclusive discounts on items including electronics, clothes, home appliances, computers, and groceries.
Reflecting on the experience so far, a satisfied anonymous shopper who snagged a TV at a discounted rate said, “Konga Yakata has been nothing short of amazing this year. The discounts are unbelievable but true, and the convenience of shopping online is unmatched.
“I’ve already made several purchases, and I’m excited to see what other deals are in store for the final week.”
Konga’s Black Friday sale has been a boon for consumers, offering respite from the economic challenges many Nigerians face. By providing access to affordable products and services, Konga has empowered shoppers to make the most of their money.
Despite the prevailing economic challenges, shoppers have embraced the Yakata season, targeting high-value deals and leveraging Konga’s tailored offerings to make significant savings. With the countdown underway, the excitement is expected to hit its peak on Friday as customers traditionally wait for that day to grab the most exclusive deals.
Speaking on the heightened anticipation, Kunle Ajani, Group Head of Marketing at Konga, stated, “We’re thrilled with the overwhelming response to Konga Yakata this year, and we’re committed to ensuring the final week delivers the biggest surprises yet.
“We are proud to offer a platform where shoppers can enjoy exceptional value, despite the economic realities.”
As the curtain closes on the 2024 Yakata season, shoppers can look forward to a flurry of last-minute deals, culminating at midnight on November 30. From tech enthusiasts to lovers of electronics and deal hunters, Konga Yakata continues to redefine the shopping experience, making it a season to remember for all Nigerians.
Take advantage of the final week of Konga Yakata. Visit Konga.com and experience the thrill of shopping at unbeatable prices.
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