E-Business
Nigerians Groan as Corporates, Educational Institutions Suffer Global Computer Scarcity
After enjoying a run of uninterrupted supply of personal computers (PCs), laptops and other digital devices for nearly a quarter of a century, the world is currently in the middle of a major supply chain crisis that has seen global manufacturers struggle to meet growing demand.
The situation is exacerbated by the coronavirus pandemic, a global health challenge that began in late 2019, spreading from Wuhan, China where it originated to virtually all corners of the globe.
With the onset of the pandemic, supply of laptops, PCs and other hardware components had taken a huge bashing.
Global data released two weeks ago shows that most major global computer OEMs are unable to supply five per cent of orders placed and paid for by distributors and this has skyrocketed retail prices of PCs and laptops.
In Africa, and particularly in Nigeria, consumers are paying higher prices to secure few available units in the market. It is speculated that things may not improve until mid-next year.
This is hardly surprising as China, the original epicenter of the pandemic, had for a while now, become the world’s leading manufacturing hub.
Consequently, the lockdowns occasioned by the pandemic had seen a breakdown of China-based global computer supply chains, delaying the arrival of computers and laptops in shops across the world.
Earlier in 2020, specifically in March, a report in the Financial Times indicated that retailers were told that it is taking up to three times as long for PCs and parts to be delivered.
Industry experts said that only those brands able to pay upfront and work closely with component suppliers, such as Apple and Samsung, would be able to secure enough production capacity, as shortages rippled through the supply chain.
“One channel partner in Australia was notified by key manufacturers that shipments can take up to 14 weeks, as opposed to the normal four weeks,” said Sharon Hiu, an analyst covering sales and distribution channels in Asia-Pacific at Canalys, the technology research firm.
“Some channel companies have been given a 10-week estimate, while others have not been able to get a projected time of arrival at all.”
Indeed, no major OEM was left out.
Research showed that shipment times for Dell computers to Australia were extended from the usual three to five weeks to 10 weeks.
Notebooks and desktop computers of HP’s Elite series had run out of stock in some shops.
In Nigeria, Zinox, a local computer manufacturer and one of Sub-Saharan Africa’s major players, was experiencing delays of up to nine weeks in taking delivery of essential hardware and other components.
With the gradual lifting of the lockdowns in many parts of the world around May, many heaved a sigh of relief as factories began reopening in China and other countries.
However, supply chain experts had warned back then that the effects of the shutdown will linger because the disruption had resulted in shortages of components which only gradually become visible.
Currently, that prognosis is proving to be true.
In addition to fears of a predicted second wave of COVID-19, many global manufacturers are battling to meet five per cent of demands for PCs and laptops.
The foregoing has seen estimates for PC shipments this year revised to reflect the current state of scarcity.
Tech experts expect global PC shipments this year to drop by over 34 per cent in a best-case scenario and 45 per cent in a worst-case scenario.
Why is the global demand for PCs and laptops overshooting supply so much even in the tail-end of 2020?
The reason is hardly far-fetched. Apart from the lingering disruption of supply chains occasioned by the lockdowns, the world has also seen a rise in the adoption of virtual learning or at-home schooling by educational institutions.
Also, many corporate organizations have also embraced virtual work or meetings, encouraging more staff and business partners to leverage tech tools to navigate the current health challenge.
The foregoing scenarios have seen demands for PCs and laptops sky-rocket across the globe.
Further, it has pushed the personal-computer market to its strongest demand growth in more than a decade, according to third-party analyses released by Gartner and IDC in late October.
However, OEMS are unable to mop up the demand which is expected to see scarcity carry on into the latter part of 2021.
“Consumer demand and institutional demand approached record levels in some cases,” disclosed Jitesh Ubrani, a research manager for IDC. “Gaming, Chromebooks, and in some cases cellular-enabled notebooks were all bright spots during the quarter.”
The report also pointed to a paucity of supplies to continue feeding the increased demand for PCs, with panels and processors mentioned as especially in demand.
“The PC industry rode into the third quarter with a sizeable backlog of unfulfilled orders.
“And it appears the quarter will end under the same auspices,” Linn Huang of IDC said in a statement.
“Given that the shortages have been due more to a shortfall of business planning than a technical glitch, we do not anticipate a sudden surge in capacity. Consequently, this backlog will likely carry into 2021.”
Both companies reported that Lenovo Group Ltd. 992, +0.74% had the strongest market share among PC manufacturers in the quarter, topping HP Inc. HPQ, +0.62%, but the Chromebook discrepancy showed up in those numbers as well.
Gartner credited Lenovo with 25.7% of the market and HP 21.6%, but HP’s Chromebook sales made the race much tighter — 23.7% to 23% — in IDC’s results.
Both companies had Dell Technologies Inc. DELL, +0.12% third in the market-share rankings, followed by Apple Inc. AAPL, -0.11% and Acer Inc.
In Nigeria, Africa’s biggest market, many corporates and educational institutions are technically in trouble as the scarcity is taking a huge toll on their budget.
As one technology enthusiast said in a virtual conference last week, “in the 21st century, when you wake up late, you definitely shall pay the price for lateness.’’
However, it remains to be seen how the world will cope in the face of a supply challenge that experts predict will last till June 2021.
E-Business
Kaspersky Contributes to Joint INTERPOL-AFRIPOL Operation Combating Cybercrime Across Africa
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.
E-Business
NITDA Alerts Nigerians on Cybersecurity Risks Linked to Spotify
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.
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.
E-Business
Konga Yakata’s Last Week: Don’t Miss Out on Incredible Deals
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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