E-Business
AFF, Access Bank Reaffirm Commitment to Driving Post-COVID Tech Resilience
As part of its mandate to be Africa’s foremost thought leader in the Fintech ecosystem, the Africa Fintech Foundry (AFF) has announced its first edition of the 2021 AFF Roundtable Talk on Friday, March 26 2021.
The quarterly event, organised in partnership with Access Bank PLC is themed ‘Let’s talk tech resilience 2021’ in keeping with the digital-led future envisaged post COVID-19. AFF’s Roundtable Talk gathers attendees virtually across the globe including Africa’s leading minds in venture capital, technology, innovation and startups – to understand and inspire disruptive technology-driven solutions in the financial services industry.
Speaking on the forthcoming event, Daniel Awe, head of the African Fintech Foundry, expressed delight and optimism on the outcome of the discourse saying: “Since inception, the Africa Fintech Foundry has successfully leveraged digital transformation in the areas of innovation, financial technology and entrepreneurship.
This quarter’s edition of the Roundtable Talk won’t be any different, we will equip businesses with the skills and knowledge they require to navigate the testing business environment brought about by COVID-19. In this upcoming edition, we hope to help even more businesses gain clarity, create value and adopt best practices for innovative technologies.
Our lineup of industry experts will dissect topical issues on emerging trends that will transform businesses into socially and economically relevant ventures. Through the discourse, we will also deep-dive into the unpopular and under-explored ways technology can be leveraged to shape societies and ultimately make the African economy a global powerhouse”, he continued.
Stressing the need for corporates to think “tech resilience” amidst the disruptions caused by COVID-19, Ade Bajomo, the Executive Director, Information Technology and Operations at Access Bank PLC, said, “The COVID-19 pandemic has undoubtedly had an era-defining impact on economies, businesses and on people.
“As we inch closer to the end of the phase, automation and robotics will remain a core competence of multiple sectors for the foreseeable future. It is therefore important, that we jointly educate ourselves on best practices that will help us circumvent avoidable failures in implementation”.
The event, which is expected to gather 1,000 to 3,000 virtual participants from across the African start-up ecosystem, will address topics on emerging technologies, social entrepreneurship, leveraging cloud infrastructure and investments, customer-centricity, new value-streams, corporates as VCs, amongst others.
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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