E-Business
‘Poor Communication Hampers Cyber security Efforts’
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Today’s constantly-evolving threat landscape is creating new and unexpected challenges for even the most seasoned cyber security professionals. Increasingly sophisticated and complex threats, together with adversaries who are more cunning and determined than ever, are making staying ahead of new attack vectors a daunting prospect for businesses of every size and type.
“While it is extremely hard to understand the nature of threats among every type of business, large or small, across every vertical, and identify a single looming issue, I would wager that poor communication is not only a common theme, but also a common origin of security incidents for many organisations,” says Gabe Goldhirsh, VP of MEA/APAC sales from ZeroFOX.
Security, he continues, is a team sport, and the responsibility for two-way communication about operations, activity and stakes lies with everyone.
Speaking of what he sees as being the biggest security trend in 2020, Goldhirsh says for obvious reasons, securing the remote workforce has been one of the most discussed topics this year.
“With that, organisations are applying a critical eye more than ever to the remote worker as a rule and not the exception. This has driven increased interest in device protection, the security of cloud and SaaS resources, and brand monitoring or protection.”
Another trend that Goldhirsh says has generated a lot of interest this year is automation, which is enabling far faster analysis and, in the event of a breach or compromise, more rapid detection, intervention and remediation.
In terms of how he sees the threat landscape evolving over the next five years, Goldhirsh says preserving authenticity is a significant challenge for many platforms at the moment, and with the rapid and consistent progress of artificial intelligence, this challenge will only increase in difficulty.
“Beyond the basic blocking and tackling of common security issues, I expect us to see more advanced products, services, and technologies designed to assist human operators in discerning real from fake, whether at the granularity of a single piece of content, or a broader campaign of communication and online interaction.”
Offering a piece of advice about cyber security, Goldhirsh says organisations need to ensure they are covering the basics first.
“However, doing this can be surprisingly tricky, as it requires extensive planning, execution, and evaluation across each organisation’s people, processes, and technologies, which are – in and of themselves – continually moving targets.”
During the summit, ZeroFOX’s chief security officer, Dr Sam Small, will cover two different topics. Firstly, he will review a taxonomy of digital threats, giving practitioners the ability to not only organise and classify the risks and attacks they face across the digital landscape, but also to help them evaluate any related strengths, gaps, and weaknesses in their current security program.
Next, he will offer some practical advice and anecdotal stories about third-party platform takedowns.
E-Business
NDPC Secures NJI’s Support for Data Privacy Rights in Nigeria
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Nigeria Data Protection Commission (NDPC) has secured the support of the National Judicial Institute (NJI), in line with its objective of safeguarding the data privacy rights of Nigerians.
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Dr. Vincent Olatunji, national commissioner and CEO, NDPC Hon. Justice Salisu Garba Abdullahi (Rtd) of NJI
This was contained in a press statement signed by Mr Itunu Dosekun, head of Media, NDPC, and made available to journalists in Abuja, the nation’s capital.
NJI is a government institution responsible for the training of judicial officers in Nigeria, from magistrate courts to the Supreme Court of Nigeria.
During a courtesy visit by the Commission to NJI, Dr. Vincent Olatunji, national commissioner and CEO, NDPC, lauded the management of NJI under the leadership of Hon. Justice Salisu Garba Abdullahi (Rtd) for the milestones the Institute has achieved in human capital development, particularly for judicial officers and fellows of the Institute.
While commenting on the importance of the Nigeria Data Protection Act in the face of disruptive technologies, Dr Olatunji reiterated the need to collaborate with NJI in keeping judicial officers abreast of privacy jurisprudence.
He noted that decisions on the enjoyment of data privacy rights concerning one citizen have fundamental implications for all citizens.
“It is the digital age, and the protection of the privacy of all citizens worldwide is paramount.
“It is now the right of all citizens to have their privacy protected. This is why countries across the globe are putting adequate measures in place to ensure enforceable data protection rights, as well as establishing data protection authorities to enforce data protection laws,” Dr Olatunji stated.
In his response, Justice Abdullahi commended the NDPC, under Dr Olatunji’s leadership, for its significant achievements since its establishment.
He pledged to collaborate with the NDPC to raise awareness of data protection and privacy within the judiciary and accepted the NDPC’s proposal, anchored on capacity building for judges, NJI fellows, and employees.
“The issue of data protection is very important. It is new, and judges need to be trained. The first step we should take is to review the Act (NDP Act) that established the Commission. Additionally, there is a need for us to train our fellows on data protection.”
NJI and NDPC have put in place a technical working group that will draw up a work plan and coordinate the initiatives for capacity building. The working group is expected to report back within days to commence implementation.
E-Business
Flutterwave Partners NITDA to Strengthen Nigeria’s Digital Economy
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Flutterwave, Africa’s payments technology company, said it has formed a strategic partnership with the National Information Technology Development Agency (NITDA), to drive digital transformation and ultimately economic growth across Nigeria.
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Olugbenga Agboola, founder and CEO of Flutterwave and Kashifu Abdullahi, director-general & CEO of NITDA
The collaboration aims to address the slow adoption of digital solutions among small and medium-sized enterprises (SMEs), a critical challenge that, when solved, can significantly boost the nation’s digital economy.
By promoting digital literacy, encouraging fintech innovation, and supporting key national initiatives such as the National Digital Economy Policy and Strategy (NDEPS), the partnership has a goal to accelerate Nigeria’s transition into a thriving digital ecosystem.
Despite the rapid evolution of digital payment systems, many SMEs in Nigeria still rely on traditional business models that limit their growth potential.
The inability to adopt digital payments, leverage e-commerce, and access secure financial solutions creates barriers to scaling and participating in the global economy.
Recognising this challenge, Flutterwave and NITDA were collaborating to bridge the digital divide and equip businesses with the right tools and expertise to embrace digital transformation.
Speaking on the partnership, Olugbenga Agboola, founder and CEO of Flutterwave, said, “many small businesses in Nigeria struggle to fully embrace digital solutions, and we believe that by providing seamless and secure payment technologies, we can empower them to scale with confidence.
“This partnership with NITDA reinforces our dedication to encouraging a truly inclusive digital economy, and we are proud to contribute to the outstanding work NITDA is doing to transform Nigeria’s digital landscape.”
Kashifu Abdullahi, director-general & CEO of NITDA, added, “Flutterwave’s reputation for fintech innovation aligns perfectly with our vision for a thriving digital economy. We recognize that slow digital adoption among SMEs has hindered economic growth, and through this collaboration, we aim to provide businesses with the necessary resources and infrastructure to transition into the digital age.”
The partnership represents a significant step toward Nigeria’s digital transformation, with Flutterwave and NITDA working hand in hand to create an environment where businesses can thrive through innovative financial solutions.
Flutterwave is a payments technology company that enables businesses across the world to expand their operations in Africa and other emerging markets through a platform that enables local and cross-border transactions via one Application Programming Interface (API).
Flutterwave has processed over 890 million transactions in excess of $34 billion, serves global and African customers like Uber, Air Peace, Bamboo, PiggyVest, and across various industries.
E-Business
AfCFTA Digital Trade Protocol Targets 50% Growth by 2030
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Vice President, Kashim Shettima, has stated that the African Continental Free Trade Area (AfCFTA) Digital Trade Protocol is set to grow intra-African trade from 18 per cent in 2022 to 50 per cent by 2030.
Commenting at the AfCFTA Digital Trade Workshop and Global Market, with the theme, “Unlocking State Exports Potential,” held in Abuja, Shettima who was represented by the Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, highlights Nigeria’s role in digital commerce, citing the country’s 109 million internet users and expanding mobile economy as key enablers.
He emphasised that Nigeria’s advancements in mobile payments have revolutionized cross-border transactions, financial inclusion, and digital commerce, positioning the country as Africa’s digital trade hub.
“The internet economy is expected to contribute 5.2 per cent of Africa’s GDP this year, with the digital economy projected to grow to $180 billion, up from $115 billion in 2020,” he noted.
Shettima reaffirmed Nigeria’s commitment to modernising passport application systems and upgrading port infrastructure to streamline trade, reduce customs processing times, and strengthen the country’s role in handling West Africa’s cargo.
“We must move from policy discussions to implementing digitally enabled trade that fosters economic prosperity,” he urged.
The African Union (AU) recently recognised Nigeria as the Digital Trade Champion for Africa under the AfCFTA Digital Trade Protocol, a status confirmed during the 38th Ordinary Session of the Assembly of Heads of State and Government in Addis Ababa, Ethiopia.
Governor Uba Sani of Kaduna State, represented by Deputy Governor Dr. Hadiza Balarabe, warns that any nation failing to embrace digital trade risks being left behind. He commends the Tinubu administration for its achievements in the ICT sector.
“Digital trade platforms have broken traditional barriers, allowing businesses of all sizes to access regional and global markets more efficiently,” he says.
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