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Medallion Wins Best ICT Clearinghouse @ BoICT Awards

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Telecommunications infrastructure servicing company, Medallion Communications Limited has been adjudged the best ICT Clearing House of the Year, at the Beacon of Information and Communications Technology Awards, organized by Communication Week Media, in Lagos on Saturday at Eko Hotel & Suites.

Reacting to the award, Ikechukwu Nnamani, Chief Executive Officer of Medallion Communications Limited, said as a company, it is exciting because receiving the award goes to show the ICT industry recognizes Medallion’s contributions to the industry, which reports says is presently contributing 10 percent to the country’s Gross Domestic Product.

“We are happy for the awards we got at the Beacon of ICT event. It is a testament that the industry has continued to recognize the work we do and the contribution we are making to the industry,” he said on the side-line of the awards night that attracted several industry stakeholders.

Ikechukwu, who was also adjudged the ICT Enterpreneur of the Year, admitted the award is also a call for more effort from Medallion so that the company, touted as Nigeria’s Telecom House will be recognized and win future awards. “The award tells us that people are watching and are appreciative of the effort we have been putting into making the Nigerian telecom industry more vibrant and efficient.

It also shows that hard work has its rewards so we will keep working hard and adding value to the telecom industry in Nigeria,” he assured.

Speaking on the ICT Enterpreneur of the Year award, Ikechukwu noted that Entrepreneurship is not for the fainthearted, stressing that people see the glory when you are successful but don’t see the pain that leads to that success.

He urged young entrepreneurs to put in the extra effort and be positive at all times, despite some unanticipated challenges along the way, saying  at the right time, their projects will be successful.

He also addressed the recent suspension of the interconnect license of Medallion by the telecom regulator based on allegations of involvement on call masking. Engr Nnamani indicated that the issue of the suspension is a most unfortunate one. “The suspension is one that should have never happened in the first place,” he said.

While confirming that the suspension has been lifted by the telecom regulator, Ikechukwu rejected the allegation of call masking, which the reason was given by the regulator for the suspension.

His words: “We totally rejected that, since we knew we were never involved in call masking. It was practically impossible for us to be involved since we do not bring in international traffic into the country and all the calls we terminate on other networks was sent to them as we received it from the originating network.

“It was therefore shocking and strange that the regulator would accuse us of call masking and even went ahead to suspend our interconnect license. However, we believe in the rule of law and the telecom industry in Nigeria operates under the guidelines of the Nigerian Communication Act 2003.

The Act stipulates that when an operator disagrees with any determination made against it by the Regulator, you have the right to appeal and ask for a review of the decision and most importantly, you have the right to demand that you be given written reasons why you were punished and the evidence against you so you can properly respond.

In the event that you do that and there is still no agreement between the Regulator and the operator, the operator has the right to seek redress in the law court. In our case we wrote to the Regulator asking for evidence against us that indicates we were involved in call masking.

No evidence was presented to Medallion indicating we were involved in call masking. I am glad to report that following our appeal of the suspension the Regulator has lifted the suspension against Medallion and we are now able to run our interconnect business.”

He added that he is glad the issue was resolved without Medallion needing to take the Regulator to court, which was to be its next line of action iin the case that the company’s request for review of the decision was not positive in line with the provisions of the Communication Act 2003.

Medallion Communications has the most interconnected peering point in West Africa, with over 83 service providers, including all GSM, LTE, CDMA operators, Fixed Wireless and Fixed line operators connected to its infrastructure.


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E-Business

Kaspersky Contributes to Joint INTERPOL-AFRIPOL Operation Combating Cybercrime Across Africa

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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.


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NITDA Alerts Nigerians on Cybersecurity Risks Linked to Spotify

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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.

NITDA Alerts Nigerians on Cybersecurity Risks Linked to Spotify

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.


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Konga Yakata’s Last Week: Don’t Miss Out on Incredible Deals

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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.


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