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Fraud in IPv4 Market Calls for Extra Precautions from Sellers, Buyers

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American Registry for Internet Numbers (ARIN) last month won a critical legal case which set a precedent against IPv4 address fraud.

 

The verdict determined that ARIN was defrauded of approximately 735.000 IPv4 addresses by an individual who used 11 shelf companies to do so. The perpetrator was ordered to return the fraudulently obtained resources and cover $350.000 of legal fees.

 

As the prices of IPv4 addresses are rising due to exhausting supplies, this case might be the first one of more to come. Meanwhile, the emerging second-hand IPv4 market creates opportunities for both transparent IPv4 brokers and fraudsters alike.

 

“The current state of the IPv4 market urges IP address buyers to be aware of their IPv4 supplier’s reputation. Reputable companies don’t take abuse control lightly to protect the assets they are leasing. The seller must guarantee the legitimate origin of their supply and the buyer must not use the assets in illicit ways,” said Vincentas Grinius, CEO of Heficed, an IP address-centric company offering IP address, cloud, and dedicated server solutions.

 

There are several reasons why fraud in the IPv4 market is not an isolated occurrence, but rather a symptom of a more complicated problem.

 

As of today, the only regional internet registry with IPv4 resources available in its pool is  the African regional registry (AFRINIC). The remaining registries have run out of free resources at different times in the past decade, with ARIN reaching this crucial point in 2015. What this means for the internet is that the only way to obtain an IPv4 address is to lease it in the second-hand market.

 

“As with every resource in high demand and low supply, various legal and illegal practices are being deployed to obtain and resell IPv4s. At Heficed, we have various abuse prevention processes in place to make sure the resources we obtain and lease do not contribute to any fraudulent scheme,” commented Grinius.

 

However, with the IPv4 second-hand market still scattered across a number of IP address brokers and the need for a transparent global solution to this problem unmet, there are precautions a lessee should keep in mind when obtaining IP addresses from a broker.

 

„Everyone interested in leasing IPv4 addresses should invest time and investigate the broker they are about to trust. Apart from various tools available to check the history of a given IP address, the customer should also consider the reliability of the broker by answering these questions: how long is the company in business? What are other clients saying about the company? Reputation is paramount in the IP address industry,“ finished Grinius.

 

With fraudsters actively leeching upon public internet resources, both the sellers and the buyers ought to invest extra effort in minimizing the risks connected to IP address abuse of different kinds.

 

 


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E-Business

Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

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Noble Ajuonu, head, Sydani Technologies Ltd., has urged the Federal Government to harmonise National Identification Number (NIN) and Bank Verification Number (BVN) to tackle crimes and insecurity in the country.

Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

Ajuonu made the call at a media roundtable, organised by Sydani Group in Abuja.

The News Agency of Nigeria (NAN) reports that the roundtable focuses on driving sustainability through a comprehensive analysis of Nigeria’s key development areas.

Ajuonu said that Nigeria could overcome its security challenges and pave the way for a safer, more secure future for all Nigerians by embracing technology and implementing practical solutions,

“We need to harmonise data, prioritise seamless integration of databases like NIN, BVN, and security agency records, establish clear protocols for data sharing and access, with robust safeguards against misuse,’’ expert said.

According to him, the unified data pool will empower intelligence gathering and targeted operations.

He also called for investments in smart surveillance, intelligent video analytics software, training of personnel in data analysis, interpretation of data in real-time to combat crimes.

“There is need to implement a legal framework for call interception in criminal investigations, with strict oversight to prevent abuse, encourage community cohesion, training of tech savvy security personnel with tech-enabled tools.’’

Ajuonu also urged the government to address infrastructure deficit in technology, saying that technology was all encompassing to address insecurity.

“According to the National Identity Management Commission (NIMC), as of December 2023, only 104.2 million Nigerians had been enrolled for the National Identity Number (NIN).’’

Ajuonu added that over 122.2 million citizens left uncaptured for NIN were people in rural areas where enrolment centres, digital services were limited.

“Most crimes are being perpetuated from rural communities and this lack of comprehensive identification creates a gap where elements not captured in the national database can constitute public nuisance, crimes.

“There is the inadequacy in the integration of NIN, BVN and Voters Identification Number (VIN).

“Advanced call interception and analysis tools, used successfully in other countries, could provide invaluable insights into criminal networks and operations but infrastructure is lacking,’’ he said.

Also, Mr Godfrey Petgrave, the Agricultural Expert, Sydani Group, called for empowerment of smallholder farmers with access to finance and training to enhance productivity.

According to Petgrave, Nigeria requires policy reform and institutional strengthening to improve agricultural practices and embrace digital agriculture solutions to address food insecurity.

Mr Akolade Jimoh, another expert of the group on health, advocated for expanded community-based health insurance programmes for rural and underserved areas.

Jimoh added that the country needed to encourage Public Private Partnership to revolutionise products design and quality improvement on health services.


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Konga launches Infinix Brand Week with Incredible Deals

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Konga, Nigeria’s leading composite e-commerce group, is thrilled to announce the launch of amazing deals at its Infinix Brand Week. Infinix, a leading global smartphone brand known for its innovative products and cutting-edge technology promises exclusive discounts and special offers on select smartphones, marking an exciting milestone in the realm of online shopping.

Shoppers can expect nothing short of extraordinary deals on a wide range of Infinix products, all available exclusively on the Konga online platform. With discounts of up to 30% off, this partnership between Konga and Infinix aims to redefine the shopping experience for tech enthusiasts across Nigeria.

Konga Brand Week has become synonymous with excitement and unbeatable deals, and this year’s edition is no exception. In addition to exclusive discounts on Infinix smartphones, shoppers can explore a diverse array of products across various categories, including electronics, fashion, home essentials, and more.

“At Konga, we are dedicated to providing our customers with the best shopping experience possible,” said Rita Ohaedoghasi, VP Marketing at Konga. “The Infinix Week during Konga Brand Week allows us to continue delivering on that promise by offering incredible discounts and special offers on some of the most sought-after smartphones in the market.”

To stay updated on the latest developments and exclusive deals during Konga Brand Week, shoppers are encouraged to connect with Konga across all platforms, including social media and the Konga website. Don’t miss out on this opportunity to score big savings and elevate your tech game with Infinix and Konga.


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Study Reveals Software Programmers to make Full Use of AI Code Assistants

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Gartner predicts that by 2028, 75 percent of enterprise software engineers will use Artificial Intelligence (AI) code assistants, up from less than 10 percent, currently.

According to a Gartner poll of 598 global respondents conducted in the third quarter of 2023, 63 percent of organisations are now testing, deploying, or have previously implemented AI code assistants.

AI code assistants provide for more capabilities than only code development and completion, notes the research firm.

According to Gartner, the use of AI code assistants can lead to higher work satisfaction and retention, resulting in lower turnover costs.

Philip Walsh, senior principal analyst at Gartner, comments: “Software engineering leaders must determine ROI and build a business case as they scale their rollouts of AI code assistants.

“However, traditional ROI frameworks steer engineering leaders toward metrics centred on cost reduction. This narrow perspective fails to capture the full value of AI code assistants.”

Gartner notes that software engineering leaders must “reframe the ROI conversation from cost reduction to value generations”.

Walsh adds: “Calculating time savings on code generation is a good place to begin building a more robust value story. To convey the full enterprise value story for AI code assistants, software engineering leaders should connect value enablers to impacts, and then analyse the overall return to the organisation.”

 


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