E-Business
Accenture Study Unveils Characteristics of High Performance CIO
A global management consulting firm, Accenture, assets that CIOs considered high performer demonstrate excellence in three key traits – innovation, agility and execution. This was a statement from a presentation titled “Positioning IT as a Strategic Asset” that was based on insights from an Accenture third global IT performance research program. The programme is a global effort to measure how IT organizations perform.
According to Mr. Dandy Ogiugo, the Accenture Executive who delivered the presentation, the goals of the CIOs are to drive enterprise value from IT and to manage the IT function as a business.
He pointed out that the consumer landscape is changing globally – through Information Technology, people are a lot more knowledgeable, more demanding and more empowered to expect higher quality for goods and services they consume. As a consequence of this changing landscape, CIOs are being forced to become innovative in how they manage scare resources and to recalibrate their efforts to drive more enterprise value through IT while trying striving to meet C-suite expectations. Specifically, CIOs need to maximize value from discretionary spend, remove complexity from their IT portfolio and use IT investments to produce greater business value for the business.
Given this context, Mr. Ogiugo stressed that CIOs that want to become high performer must excel in three key fundamentals namely IT Execution, IT Innovation and IT Agility. Leaders in IT Execution have active governance programs and involve the business as partners in IT strategy; they use metrics to ensure effective cost/benefit management of IT investments and manage IT as a business. Leaders in IT Innovation consider IT a strategic asset for competitive advantage by applying a continuous innovation and collaboration mindset to the deployment of new technology. Finally, leaders in IT Agility are effective at aligning IT resources to business requirements and priorities. They integrate their optimized application portfolio internally and externally, and they seek technologies that provide dynamic access to Infrastructure.
The Accenture IT research further highlighted that CIOs that excel in the three fundamentals have web-enabled 42% more of their customer interactions; are twice as likely to view workforce performance as a priority; are eight times more likely to consistently measure the benefits realize from strategic IT initiative; and spend 25% more annually on developing and implementing new applications rather than on maintaining existing ones.
The IT research also noted that these CIOs are taking a structured approach towards building core capabilities in nine (9) areas namely Strategic IT Alignment, IT Governance, IT Architecture, Information Technology, Workforce & Resource Management, Information & Technology Security, Solution Delivery, Service Management & Operations, and Outsourcing.
In conclusion, the presentation urged CIO to take a stand to improve the agility, innovation and execution of their IT organisation by molding IT to the needs of the business, and defining a plan to bridge the gap between their desired end-state and current state.
E-Business
Ride the ‘Wicked’ Wave: Temu Brings Green Magic to Christmas
Temu is set to enchant the holiday season with its unique blend of green magic, bringing a touch of festive wonder to Christmas celebrations. The initiative, themed “Ride the ‘Wicked’ Wave,” promises to deliver an unforgettable experience, combining technology, entertainment, and commerce to create a magical holiday atmosphere.
Temu’s green magic initiative aims to captivate audiences with a variety of festive offerings, from fashion to home decor, handmade crafts, beauty items, chic clothes, shoes, and more.
The platform’s innovative approach ensures that customers can enjoy a seamless shopping experience, with free shipping on all orders1.
As part of the celebration, Temu has also introduced a magical winter Christmas backdrop, perfect for creating a festive ambiance at home.
This backdrop, made from high-quality polyester, is designed to bring the spirit of the season to life, making it an ideal addition to any holiday decor.
With its commitment to providing exceptional products and services, Temu continues to set new standards in the e-commerce industry, ensuring that customers can enjoy the magic of Christmas in style
E-Business
Kaspersky Cybersecurity Experts Warn of Evolving Holiday Scams
With the holiday season here, it’s not only a time for magic and celebration but also a prime opportunity for fraudsters to exploit the festive rush for gifts and bargains.
Amid the sparkle of year-end celebrations, cybersecurity experts at Kaspersky have identified several prominent scams targeting consumers across various regions and languages.
Fake holiday shops
Deceptive online stores mimic the look and feel of legitimate e-commerce sites, offering seasonal items such as decorations, gifts, and even trees at steep discounts.
These sites often appear highly localised, adapting their language and currency based on the user’s geographic location, leveraging data extracted from browsers.
Victims typically encounter these stores by following links in ads or pop-ups.
These sites aim to steal funds. Often, these fraudulent stores exist only for a short period, as they get flagged by the vendors of goods.
Free mobile data offer
This scam plays on the allure of free services, claiming to provide free mobile data valid across all major telecom providers.
In order to receive the free data, victims are required to share the promotion link with 10–15 contacts via WhatsApp, ensuring the scam spreads exponentially.
After sharing, victims are prompted to enter their personal details — name, phone number, and email — into a form.
The collected data is then sold on the Dark Web or used in other fraudulent activities.
In some cases, victims unknowingly download malware that compromises their devices, leading to further exploitation.
Holiday payments on behalf of government agencies
Fraudsters impersonate government authorities, promising fictitious payments in celebration of the holidays.
This scam has been reported in several African countries, including Kenya and Nigeria.
To receive payment, victims are directed to fill out a survey which requires personal details like name and phone number.
Once the survey is completed the user is asked to share the link to the announcement with their connections via WhatsApp.
These details are collected and added to fraudulent databases, then sold to third parties or used for phishing attacks and identity theft.
This scam exploits trust in government systems and the festive spirit of giving.
Christmas recipe scam
This scam begins with a seemingly harmless email promoting a holiday cake recipe.
Victims are encouraged to pay a small fee to access the recipe.
Once payment is made, the victim’s credit card information is stolen. The fraudsters also collect other personal information essential for accessing banking services.
“Holiday scams are not a new phenomenon, but they have evolved to become increasingly sophisticated, leveraging regional traditions and technology to exploit unsuspecting victims.
The rush of the holidays makes people more vulnerable — they’re distracted, eager to grab a deal, or trust promotions that align with festive themes. Cybercriminals are not just stealing money — they’re building massive databases of personal information that fuel future fraudulent schemes.
The holiday season is a time for joy and giving, but users need to remain vigilant to ensure they’re not unknowingly giving fraudsters the tools to exploit them further,” said Olga Svistunova, Senior Web Content Analyst at Kaspersky.
E-Business
Hackers Seize NBS Newly Redesigned Website
Cybercriminals have persisted in targeting Nigerian government websites, with the most recent attack on the National Bureau of Statistics (NBS).
The NBS confirmed the development in a brief statement posted on its X (formerly Twitter) account
It said that its newly redesigned official website has been hacked.
The NBS disclosed the incident and assured the public that efforts are underway to recover the website.
It urged the public to disregard any messages or reports posted until the full recovery of its website.
The statement on X read: “This is to inform the public that the NBS website has been hacked, and we are working to recover it. Please disregard any message or report posted until the website is fully restored.”
The NBS plays a vital role in Nigeria’s development, serving as the official statistical agency responsible for collecting, analyzing, and disseminating statistical data on the country’s economy, governance, and development
This marks the latest in a series of attacks on Nigerian government websites, a trend that has been ongoing for some years.
From government ministries to officials, cyberattacks in Nigeria have surged to alarming levels, with even financial institutions falling victim.
The Nigerian Communications Commission (NCC) and National Information Technology Development Agency (NITDA) frequently issue warnings of cybercriminals targeting individuals, government entities, banks, and telecom companies.
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