E-Business
Subscribers Groan as 4G Technology Delivers Narrow Band
Telecommunications operators have been involved in the race of adoption of latest technology in service delivery from 2G to 3G and now 4G LTE. These migrations are aimed at delivering reliable and faster services be it voice or internet.
However, the extent to which subscribers feel the impact of such upgrade in terms of fast and reliable internet service has been a subject of debate as subscribers have been consistently faced with poor voice and internet service even with the latest 4G LTE believed to offer reliable and faster service.
A testimony to this is series of Nigerian Communications Commission (NCC) sanctions on operators for poor services.
It would be recalled that the commission had suspended promos of some operators as a result of effects of such promo on quality of service delivered by those operators.
According to stakeholders that spoke to Nigeria CommunicationsWeek, ‘narrow band delivered to subscribers in the pretense of broadband fall short of what broadband internet should be, this is because, some of them are not using the required spectrum for 4G LTE service but rather using what they have to delivered the service. More so, they are not investing in the network to be able to deliver 4G LTE service because they don’t see the prospect of return on their investment with the prevailing economic situation in the country’.
Engr. Sam Adeleke, chief executive officer, Steineng Ltd, said that 4G LTE should give subscribers faster speed and bigger bandwidth without limit to what the subscriber can do with it, ‘but what we see in the market place today is the claim of unlimited service while pegging the subscriber on 60GB, what happens is that at the beginning the service will be fast by the time you are exhausting the 60gigabyte you were pegged at, the service will no longer be fast and you find it difficult to download some files.’
“This is not broadband. If we have broadband it means unlimited capacity and volume which is provided today in the country by very few operators. LTE broadband does not limit you. What we see in the industry is operators using existing technology to offer new service.”
He attributed the situation to lack of investment in the network to be able to deliver the required service and therefore urged Nigerian Communications Commission (NCC) to educate stakeholders on the required standard for broadband service.
Corroborating Adeleke, David Venn, chief executive officer, Spectranet, said that some operators were in a hurry to launch 4G LTE since they can’t get dollar to buy equipment and cannot get foreign or local funding to invest in the new network, they decided to use existing technology to offer new service that does not deliver required broadband service.
“Optimising a network for 4G LTE service is complex which requires five different bands, and the handset must work on the five different bands to be able to deliver effective service. What we see in the market is 4G in few bands not on the whole bands, that is why the service delivered is not broadband. Remember, those operators have not done it before, they will get it better as time goes by,” he 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.
- E-Financial2 days ago
UBA Group Sets Foot in France with Full Banking Services
- Broadcasting2 days ago
TETFund Suspends Foreign Scholarships Due to Rising Costs and Abscondment
- News2 days ago
Stanbic IBTC Asset Management Unveils Anti-scam Measures to Protect Mutual Fund Holders
- E-Financial2 days ago
MoneyMaster Promotes Financial Inclusion, Offers more Bonus to Customers
- News2 days ago
Verve Partners Ali Express On Seamless Cross-Border Shopping
- Uncategorized2 days ago
NAICOM Signs Agreement with NDPC on Data Protection in Insurance Sector
- E-Financial1 day ago
CBN Fines 29 Banks N15Bn for Violation of Money Laundering, Terrorism Financing Regulations
- Uncategorized2 days ago
Zuckerberg’s Mar-a-Lago Meeting with Trump: What It Means for Tech