E-Business
DDoS Attacks via IoT Devices Threaten Development of Fourth Industrial Revolution
Distributed Denial of Service (DDoS) attacks that use Internet of Things devices are a significant threat to the Fourth Industrial Revolution, and the potential it brings to revolutionise productivity and people’s lives in general.
This was proven during the late 2016 DDoS attack largely ascribed to the Mirai botnet, which, unlike other botnets that are typically made of up computers, was composed largely of weaponised Internet of Things (IoT) devices such as DVR players, home routers, air quality monitors and personal surveillance cameras.
This is according to Bryan Hamman, territory manager for sub-Saharan Africa at NETSCOUT Arbor, which specialises in advanced DDoS protection solutions.
“The internet is an integral part of life and infrastructure in most countries around the world today,” Hamman said.
“A successful DDoS attack aims to disrupt or cause the denial of an online service by overwhelming it with traffic from multiple sources. The DDoS attacks of 21 October 2016, for example, showed just how vulnerable sections of the internet and its global operability are to attack by those of ill intent.
“These attacks, which are largely ascribed to the Mirai botnet and have entered recent history due to the involvement of IoT devices, involved multiple DDoS attacks targeting domain name system (DNS) provider Dyn, whose business ensures that information requests via the internet are delivered to the correct address.
The knock-on effect was that major internet platforms and services linked to Dyn – including Twitter, GitHub, Reddit, Pinterest, Etsy, Tumblr, Spotify, PayPal and the PlayStation network – were unavailable to millions of users in Europe and North America for some hours. Consumers were unable to carry out activities like online shopping, social media interaction or listen to music during this enforced downtime – examples which showcase exactly what the Fourth Industrial Revolution is all about, namely the interaction of the physical and digital worlds.”
The Fourth Industrial Revolution is generally understood to be the coming together of physical and digital technologies.
It builds on the previous industrial revolutions which each, in their own way and their own times, were seen to increase production of processed items during their eras.
In the process, each industrial revolution changed the ways that humans operated in particular spheres, arguably bringing in opportunities for improvements in efficiencies in general, and in some cases even poverty alleviation through the creation of jobs and new systems.
The First Industrial Revolution began in the 18th century with the invention of the steam engine; the Second used electricity to create mass production; the Third used electronics and information technology to automate production; and the Fourth is leapfrogging on top of the relatively recent Third to close the gap between our use of the physical and digital world.
Hamman explained, “People are aware that the Fourth Industrial Revolution is bringing change at a rate never seen before. The pace and scale of disruption brought about by connected technology is incredible; almost every industry you can think of is being transformed at an unprecedented speed. While it is true at a societal level that this global-scale of change will likely render some jobs obsolete, it will also create other new jobs during the disruption.
“As with most things, the powers inherent in the Fourth Industrial Revolution can be used for the greater good, or alternatively abused – this is human nature. But on the positive side, the possibilities being brought by the closing of the gap between the physical and digital worlds include changes in commerce, education and healthcare – for example, advances in biomedical sciences can lead to healthier lives and longer life spans https://trailhead.salesforce.com/en/modules/impacts-of-the-fourth-industrial-revolution/units/understand-the-impact-of-the-fourth-industrial-revolution-on-society-and-individuals. I prefer to focus on the ways in which the Fourth Industrial Revolution can be used for positive change.”
NETSCOUT Arbor notes in its 13th Annual Worldwide Infrastructure Security Report (WISR), released earlier this year, that the use of compromised IoT devices to launch DDoS attacks has helped cybercriminals increase the complexity of their assaults. The WISR is based on 390 responses from network operators globally, with more than half of the respondents headquartered and operational in North America. The 13th WISR showed that 33 percent of surveyed organisations had suffered a DDoS attack during 2017 (up from the previous year’s 17 percent). The report notes in its conclusion: “…attackers continue to build and weaponize massive IoT botnets of unprecedented size and capability…. This year, we’ve seen increasing sophistication of IoT-based botnet attack capabilities. These modern botnets are capable of delivering attacks that include application-layer, volumetric and complex multi-vector DDoS attacks.”
In a white paper, ‘IoT DDoS attacks show the stakes have changed’, NETSCOUT Arbor recommends a multi-layered approach to DDoS attack detection and mitigation, to counter-act the multi-vector layering inherent in botnets that are similar to the Mirai botnet, which began operating on 1 August 2016. Additionally, the paper notes the need for IoT makers to insert some basic security requirements into devices; for IoT operators in enterprises to improve and maintain visibility; for IoT users to take more responsibility for their devices; and for security operators to make sure that security and employee policies reflect and cater for the reality of the widespread use of IoT devices in today’s workplace.
“I view DDoS attacks, such as the 21 October 2016 attacks and the largest DDoS attack ever seen – namely the 1.7 Tbps attack on an American-based service provider during the first week of March 2018, which was foiled by NETSCOUT Arbor – as a threat to the positive possibilities that the Fourth Industrial Revolution could bring about. I therefore urge companies to remain aware of the damage that can be wrought by an undefended DDoS attack, and to get their defences in order,” Hamman concluded
Nigeria Data Protection Commission (NDPC) has signed a Memorandum of Understanding with Mastercard to enhance data protection in Nigeria.
Dr. Vincent Olatunji, commissioner, NDPC and Derek Ho,deputy chief privacy officer, Mastercard
The agreement was sealed during a workshop where 150 Data Protection Officers (DPOs) were trained on Data Protection Impact Assessments (DPIAs).
Dr. Vincent Olatunji, commissioner, NDPC, said the event kicks off activities for the 8th NADPA conference, highlighting government efforts to train more certified DPOs.
Olatunji also disclosed the Federal Government’s commitment to increasing the number of certified DPOs with the required skills to manage data protection.
He noted that Nigeria’s digital-savvy youth are key to driving this agenda.
“Human capital is really key to us, and the ecosystem we are regulating is very special. It is still new, still emerging, and we need all we can to build the capacity of officers.
“We want to build the capacity of our people so we can be able to deliver on our mandate and fully deepen privacy in Nigeria.
“We are targeting to build the capacity of 250,000 DPOs annually, and we are working with partners like Mastercard to achieve that,” he said.
Derek Ho,deputy chief privacy officer, Mastercard, also stressed the need for collaboration to build trust in the digital economy and urged participants to embrace training as data protection keeps evolving.
Central Securities Clearing System PLC (CSCS) has announced the launch of *7270#, its Unstructured Supplementary Service Data (USSD) code service, set to go live on May 8th, 2025.
The USSD code service is an innovative solution designed to enhance the ease and accessibility of investment services for all users.
Also, this service leverages the network capabilities of MTN Nigeria to bring unparalleled convenience to investors.
Driven by a relentless commitment to innovation, CSCS aims to revolutionize information access within the Nigerian capital market through this USSD code service.
As the Central Securities Depository (CSD), CSCS focuses on enhancing investor experiences and providing deeper market insights with unparalleled convenience.
The CSCS USSD code service offers seamless access to essential market information directly from mobile phones, eliminating the need for internet connectivity or specialized trading platforms.
Investors can now effortlessly retrieve Clearing House Number (CHN), check Direct Cash Settlement (DCS) status, view stock positions, account balances, and account status confirmations.
Haruna Jalo-Waziri, managing director/chief executive officer of CSCS, said ” We are excited to launch the *7270# USSD code service, a significant step in leveraging mobile technology to democratize access to account and portfolio information.
“This service empowers every investor, regardless of their location or resources, to stay informed about their investments. At CSCS, we believe that financial inclusivity is key to driving economic growth.
“Our partnership with MTN Nigeria on this project represents a significant leap toward a more inclusive financial landscape, leveraging the spread of the MTN network.
“This collaboration enhances the investing experience, reinforcing our shared commitment to empowering individuals with the tools they need to manage their financial futures effectively.” he added.
The CSCS USSD code service will initially be available to MTN users only. However, CSCS plans to expand this service to other networks soon.
This innovative service offers investors streamlined and secure access to critical market information at their fingertips.
Aisha Umar Mumuni, chief digital officer of MTN Nigeria, said, “This collaboration with CSCS on the *7270# USSD service underscores MTN’s commitment to harnessing the power of mobile technology to simplify complex processes for our users.
“By making critical investment information available at the touch of a button, we are helping to democratize access to the capital markets and, in the process, enhance investor engagement and market transparency,” she said.
CSCS continues to lead the way in technological advancements, reinforcing its position as a pivotal player in the Nigerian capital market ecosystem.
This initiative underscores our dedication to enhancing market efficiency and empowering investors with the tools they need for informed decision-making.
The need to maximise local digital assets, amid dwindling Oil revenues and a struggling economy, has been reiterated by the Chief Executive Officer of Quomodo Systems Africa, Oluwole Asalu, who maintained this measure remains the path to prosperity.
Asalu, while addressing the press in Lagos, recently asserted that global shift towards digital economies, presents a pivotal opportunity for Nigeria at this time to mobilise sufficient resources towards effective governance.
He emphasised harnessing the burgeoning local digital economy to expedite national diversification goals, while break away from overdependence on oil output.
Asalu, boasted further that Nigeria’s tech-savvy, youthful population and increasing recognition from global tech giants already position its digital sector as a driver of inclusive growth and job creation.
“Nigeria’s overreliance on oil is no longer tenable. As global markets shift towards renewable energy, the urgency to diversify has never been greater. Technology stands out as the most promising avenue, not merely as a sector, but as an enabler of growth across all facets of the economy,” he explained.
According to him, Nigeria’s tech talent remains the new oil, a renewable resource with the potential for significant returns, if strategically harnessed.
Like India’s successes in information technology services, Asalu want Nigeria to tap into lucrative outsourcing industry to draw foreign investment.
“Foreign investment in Nigeria’s tech sector is rising. Programmes like Digital Explorers have led European firms such as Telesoft to establish operations in Nigeria. Tech giants like Microsoft and Facebook have followed suit, injecting capital and creating jobs,” he stated.
He again pointed to the emergence of three unicorns within Nigeria’s tech ecosystem as a breakthrough and sign of maturity.
“Nigeria’s tech ecosystem is already showing signs of maturity, with three unicorns emerging from its soil. These success stories, powered by local innovation, underscore the viability of a home-grown, world-class tech sector,” he affirmed.
He however emphasized urgent need to close existing gap in skills and infrastructure, in addition to embracing governance and collaboration to fully harness digital potential cum future.
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