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E-Business

MoDiTECH 2019 Focuses on the Power of Digital Services

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Today, it’s just hard to predict exactly the next disruptions in the technology ecosystem and trends that will transform human lives more so as these powerful disruptions are dismantling the entire industries and creating new frontiers.

Disruptive Technologies such as Mobile Internet, Automation of Knowledge and Work, Internet of Things (IoT), Cloud Technology, Advanced Robotics, Autonomous and Near-Autonomous Vehicles, Next-Generation Genomics, Energy Storage, 3D Printing, Advanced Materials, Advanced Oil and Gas Exploration and Recovery, Renewables and are improving the quality of life for people and redefining business models such as Agritech, e-Billing, e-Commerce, e-Governance, e-Payments, transportation, smart city, etc.

Therefore, the maiden edition of Mobile and Disruptive Technology Forum 2019 (ModiTECH’19: www.Next.TechEconomy.ng), being organised by TechEconomy.ng in collaboration with Nigeria CommunicationsWeek, is a platform for inter-sectorial review of economic impacts of these technologies; giving particular attention to the disruptive potentials of emerging technologies such as the Artificial Intelligence, Machine Learning, Data Analytics, Robotics, FinTechs and mobile phone economy around retail and service provision.

MoDiTECH’9 which holds in Lagos on October 24, 2019 has as the theme: “The Power of Digital Services”.

The Minister of Communications, Dr. Isa Ibrahim Pantami is the special guest of honour. Other special invitees expected at the Forum are the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta; the Director General of the National Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi; the President, African ICT Foundation (AfICTF), Mr Tony Ojobo; the Chairman, Connect Technologies & Africa Chair for IEEE, Chris Uwaje (Oracle), while the Founder, CWG Plc; Entrepreneur in Residence, Ausso Leadership Academy, Austin Okere is scheduled to present the keynote address.

Other speakers include, the Founder Rise Labs; Nigeria’s First AI powered Learning, Research & Work Readiness Centre, Toyosi Akerele-Ogunsiji; the Chief Technology Strategist, Debbie Mishael Consulting & Board Member Global Advisory Council, EC-Council, Engr. Frank Ogochukwu; the Managing Director of Global Accelerex Limited, Tunde Ogungbade, amongst others.

The Forum is organise in partnership with Global Accelerex and has been endorsed by, ATCON, InnovationBed Africa and ALTON, will feature C-Level executives including CEOs/CFOs/CROs/CCO/CIO; Directors and Heads of trading, operations, research, analytics, investment, strategy, digital, compliance, risk and data analysts; and senior regulators and policymakers; drawn from the FMCGs, Financial Industry including Fintechs, Banks, Insurance Companies, etc., AgriTech, Logistics, Cyber security companies, amongst others.

Speaking on the choice of the theme, the Editor, TechEconomy.ng, Mr. Peter Oluka, said that paradigm shifts obvious panned the world to the inherent advantage facilitated by disruptions in communication (Telecoms), access to this technology is increasing income and Return on Investments (B2C & B2B), improving access to Services such as smart metering, Health (eHealth) and Transportation (Mobility), making Financial Services more convenient (FinTech/Banking), and increasing the GDP (Tax/Revenue) of entire country.

The FinTechs for instance, he said, are simplifying the user journey by leveraging technology and giving millions more people access to financial facilities.

“So what’s the next big thing? Where will the jobs be, and how can companies carve out a competitive advantage in the compelling global economy? 5G is coming. The NCC for instance, has issued spectrum for research on 5G; so that should be the thinking of player in different sectors?

He said that the event promises to make a difference as ground-breaking solutions shall be unveiled along many dimensions of the Forum.

On his part, the Deputy Edito, Nigeria CommunicationsWeek, Mr. Chike Onwuegbuchi, said that MoDiTECH is credible platform to showcase disruptive technologies that even the government can leverage to address societal issues and improve on the economic indexes.

He reiterated thus, “For instance, the volume of data in the world is growing by 60% every year and for financial services in particular, the effective handling of data will be central to future business strategy especially with the unleashing of 5G technologies”.

“So, Mobile and Disruptive Technology Forum (ModiTECH’19), in this maiden edition, aims at pushing for “The Power of Digital Services” by disrupting existing technologies for the advancement of the economy at large”.

He added that the Forum has already attracted attention of senior executives and technology innovators/disruptors from across within and outside the country.

He encouraged interested parties to register via next.techeconomy.ng or contact the organisers via email: Next@TechEconomy.ng for sponsorship and exhibition space reservation.


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Massive Cyberattack on X Sparks Worldwide Service Disruptions

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Elon Musk, owner of X
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X, formerly known as Twitter, experienced a massive cyberattack on Monday and Tuesday, leading to widespread service disruptions across multiple countries, including the United States, Canada, and the United Kingdom.

Massive Cyberattack on X Sparks Worldwide Service Disruptions

The incident, which saw two major spikes in user complaints, left many unable to access the platform, with reports of outages particularly concentrated on the U.S. coasts.

Elon Musk, owner of X, described the incident as a “massive cyberattack” and hinted at the possibility of foreign involvement, suggesting the attack may have originated from Ukraine.

However, cybersecurity experts have advised caution in drawing conclusions, as initial investigations indicate that the attack was carried out using a variant of the Mirai botnet, a tool often used in large-scale distributed denial-of-service (DDoS) attacks. This botnet employs compromised devices worldwide, making attribution difficult.

The cyberattack comes amid growing concerns over the security of major social media platforms and follows a series of challenges for Musk.

His leadership at X has faced scrutiny over policy changes, while his other ventures, such as Tesla, have recently struggled with declining sales and public backlash over aggressive cost-cutting measures.

The disruption at X has also led to increased conversations on rival social media platforms like BlueSky, where users expressed frustration over the outage.

While Musk has not provided technical details on the scale of the attack, cybersecurity analysts suggest that this incident underscores the vulnerabilities of major online platforms and the complexities in tracing the source of such sophisticated cyber threats.

Authorities and cybersecurity firms are expected to conduct further investigations to determine the true origin and intent behind the attack.

 

 


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Kaspersky Uncovers Sophisticated Deception Campaign using DeepSeek AI as Bait

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Security researchers at Kaspersky have revealed how cybercriminals used geofencing, compromised business accounts and coordinated bot networks to distribute malware disguised as DeepSeek AI software, generating over 1.2 million views on X.

Kaspersky’s Threat Research and AI Technology Research have jointly identified a sophisticated deception campaign exploiting the rapid growth and public interest surrounding DeepSeek AI — a popular generative AI chatbot — in order to distribute malware through fraudulent websites.

In their investigation, Kaspersky researchers revealed that cybercriminals established deceptive replicas of the official DeepSeek website, using domain names like “deepseek-pc-ai[.]com” and “deepseek-ai-soft[.]com.”

A distinctive feature of this campaign was its use of geofencing technology, where malicious websites examine each visitor’s IP address and dynamically alter content presentation based on geographic location, enabling attackers to fine-tune their approach and reduce detection risks.

“This campaign demonstrates notable sophistication beyond typical social engineering attacks,” explained Vasily Kolesnikov, senior malware analyst at Kaspersky Threat Research.

“Attackers exploited the current hype around generative AI technology, skillfully combining targeted geofencing, compromised business accounts and orchestrated bot amplification to reach a substantial audience while carefully evading cybersecurity defenses.”

According to Kaspersky’s analysis, the campaign’s primary distribution channel was the social media platform X. Attackers strategically compromised the social media account of a legitimate Australian company to widely disseminate fraudulent links. This single malicious post drew significant attention, reaching approximately 1.2 million impressions and generating hundreds of reposts.

Researchers determined that these reposts largely originated from coordinated bot accounts — evident due to their similar naming conventions and profile characteristics — indicating a deliberate amplification of the malicious content.

Visitors lured to the fraudulent websites were directed to download a fabricated DeepSeek client application. Instead of the authentic software, these sites delivered malicious installers using the Inno Setup installation platform.

Once executed, these compromised installers attempted to contact remote command-and-control servers to retrieve Base64-encoded PowerShell scripts. These scripts subsequently activated Windows’ built-in SSH service, reconfigured it with attacker-controlled keys and enabled full remote unauthorised access to compromised systems.

All malware payloads connected to this campaign are proactively identified and blocked by Kaspersky security products such as Trojan-Downloader.Win32.TookPS.* variants.


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GBB to Train Over 300 Civil Servants on Govmail

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Galaxy Backbone (GBB), the nation’s foremost digital infrastructure and services provider, is set to train over 300 civil servants, including Email Administrators and Heads of ICT, on the adoption, management, and administration of Govmail—the secure official email platform for Nigeria’s public sector.

The training, which will be conducted in batches throughout the month of March 2025, aims to ensure maximum impact and effective knowledge transfer.

This initiative is in alignment with the Federal Government’s digitalisation agenda, which prioritizes secure, efficient, and technology-driven governance. By equipping civil servants with the necessary expertise to optimize Govmail, the government is ensuring seamless communication across Ministries, Departments, and Agencies (MDAs) while strengthening data security and operational efficiency.

Prof. Ibrahim Adeyanju, the Managing Director/CEO of Galaxy Backbone, reaffirmed the organisation’s commitment to driving Nigeria’s digital transformation through innovative and secure technology solutions.

“As the nation’s leading provider of digital infrastructure, GBB is playing a pivotal role in ensuring that government communications are secured, professional, and aligned with global best practices. This training will enhance civil servants’ ability to effectively utilize Govmail in carrying out their official responsibilities,” he stated.

The training is being conducted in collaboration with the Office of the Head of the Civil Service of the Federation (OHCSF), who has sent out a Circular to all MDAs informing them of this specialized training aimed at providing hands on experience with GOVMAIl features and ensure uniform adoption of and compliance with government approved digital communications standards. This further reinforces the government’s commitment to a digitally-driven public service.

It would be recalled that the Head of the Civil Service of the Federation recently described Govmail as a ‘game changer’ for government communication. This underscores the significance of the platform in enhancing inter-agency collaboration, data sovereignty, and information security across all MDAs.

Through this capacity-building initiative, GBB is reinforcing its role as a key enabler of Nigeria’s digital transformation journey, ensuring that public sector professionals are well-equipped to harness the full potential of digital tools in their daily operations.


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