E-Business
Global E-Commerce Estimated to Exceed $2tn In 2015

Worldwide e-Commerce is set to grow well beyond US$2tn this year driven by high double-digit growth in China and the rest of Asia and continued strong growth in North America and Europe, generating another high rise in consumer parcel volumes, according to recent figures from the Ecommerce Europe association.
The association’s latest Global B2C E-commerce Report showed that global e-Commerce grew by 23.6% to US$1.6tn in 2013.
Worldwide online sales were expected to grow by 22.9% to US$1.9tn last year.
Also, Asia Pacific overtook Europe and North America in 2013 to become the world’s largest e-Commerce region, and looks set to extend its lead this year, the research for the association of European e-retailers found.
B2C e-Commerce sales in the Asia Pacific region surged by 44.5% in 2013, driven by the strong growth of online shopping in China.
B2C e-commerce sales in Europe grew by 17.1% while North America increased by 10.1% that year, according to the global report.
Latin American e-Commerce sales grew by 21.5% while the Middle East and North Africa region grew even more strongly by 32.7%.
The report published by CEP-Research also showed that with total B2C e-Commerce sales of US$419bn in 2013, the US was still the biggest individual market, but the emergence of China is significant.
Partly due to the success of e-Commerce giant Alibaba, Chinese B2C e-Commerce grew by 78.5% to US$328.4bn.
For 2014, China was even forecast to surpass the US and become the world’s new leader in terms of e-Commerce, Ecommerce Europe said.
The association pointed out that the country with the second largest e-Commerce turnover and growth rate, China is not ranked in the top ten of countries in terms of average spending per e-shopper.
Meanwhile, yStats.com report in 2014 predicted an annual growth rate of about 40% for the African e-commerce industry.
In its “Africa B2C E-Commerce Report – 2013”, the market research firm found a number of countries with strong online sales have already emerged, including South Africa, Nigeria, Egypt and Morocco.
An increasing Internet penetration rate, the rapid spread and accessibility of mobile technology, and recent improvements to E-Commerce Payments and delivery infrastructures on the continent have all been linked to the online retail boost.
In addition to improved Web technology and accessibility, a quickly-developing African middle class in urbanized areas is another driver in the e-commerce platform’s recent success.
“E-commerce has a high potential in Africa as the growing middle class seeks more convenient shopping and better price quality, driving local and international Internet merchants to operate in the region,” said Yücel Yelken, yStats.com’s CEO.
The report identified a number of specific established industry websites, including South African online retailer Zando and Nigeria’s large outfits Jumia and Konga.
Overall sales were less than US$1.4 billion in 2012, but strong market growth is forecasted on the continent over the next 10 years, the report found.
Mobile online payments are also expected to increase in the near future.
According to the World Bank, mobile phone usage in Africa is exploding, and has been for the past five years.
In fact, its mobile phone market has pinnacled the 650 million user tally – which is greater than the U.S. or Europe.
Internet access is rapidly expanding as well, with World Bank saying new Internet cables have been stretched out over miles of the African continent, increasing bandwidth usage twenty fold.
E-Business
Firm Finds Leaked Netflix, Roblox and Discord Accounts Registered on Corporate emails

Employees may also use corporate emails to register for personal accounts on marketplaces and social media, increasing the risk of account theft and corporate security breaches, according to a study by Kaspersky Digital Footprint Intelligence.
Kaspersky shares these findings and suggests key cybersecurity practices to mitigate the risks of credential leaks.
Kaspersky experts analysed compromised credentials leaked on the dark web between 2019 and 2024 for three popular entertainment platforms: Roblox, Discord and Netflix. The analysis revealed that, on average, 7% of users whose accounts were leaked had registered on these platforms using a corporate email address.
“Registering on various services for personal use with a work email is not best practice. First, you may lose access to these accounts if you change jobs. Second, it can pose security risks for both you and your company.
“If your passwords follow a predictable pattern across different services – for example, ‘Word2025!’, where ‘2025’ is a recurring part – it increases the likelihood of other accounts being compromised, including your work account, should your corporate email be exposed in a dark web leak,” explains Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.
Kaspersky experts also found that bank employees most commonly registered their work email addresses on streaming services, marketplaces and social networks. In a few cases, corporate emails were also used as logins on gaming platforms and adult content websites.
Corporate email usage on entertainment platforms: statistics from a sample of 50 banking sector companies.
To conduct this study, experts compiled a sample of 50 banking sector companies and examined compromised credentials leaked on the dark web, identifying those linked to the corporate domains of these companies across five categories of popular platforms.
Learn more in the report. In light of this growing infostealer threat, Kaspersky has launched a dedicated landing page to raise awareness of the issue and provide strategies for mitigating associated risks.
If you encounter a data leak through infostealers, the following steps should be taken immediately:
- Change compromised account passwords and monitor for suspicious activity associated with those accounts.
- Run full security scans on all devices, removing any detected malware.
- Companies are recommended to monitor dark web markets proactively to detect compromised accounts before they pose risks to customers or employees. A detailed guide on setting up monitoring can be found here. Leverage Kaspersky Digital Footprint Intelligence to track what cybercriminals know about your company’s assets, identify potential attack vectors, and implement protective measures in a timely manner.
- As an enterprise, implement a security awareness program for employees, including regular training and performance assessments. Enforce a strict password policy for all corporate resources to reduce the risks of encountering credential-related cyber threats.
E-Business
NDPC, Mastercard Partner to Strengthen Data Protection

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.
E-Business
CSCS Launches *7270#, USSD Code Service

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.
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