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E-Business

The Power of Local Cloud Hosting: A Boon for Nigerian Businesses

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In today’s digital age, businesses across Nigeria are increasingly reliant on cloud computing to streamline operations, enhance collaboration, and scale their ventures.

However, amidst the myriad of cloud hosting options available, there’s a rising trend towards embracing local cloud hosting providers like Layer3cloud.

This shift is not merely about patriotism; it’s a strategic move that brings forth a plethora of benefits for Nigerian businesses, ranging from data sovereignty to enhanced performance and personalized support. 

Data Sovereignty and Compliance 

One of the primary concerns for businesses operating in Nigeria is data sovereignty and compliance with local regulations. By opting for local cloud hosting services like Layer3cloud, businesses can ensure that their data remains within the borders of Nigeria, adhering to local laws and regulations.

This not only mitigates the risk of data breaches but also fosters trust among customers who are increasingly vigilant about data privacy and security. 

As highlighted by Tunde Bakare, CEO of a leading e-commerce platform in Lagos, “Data sovereignty is non-negotiable for us. Our customers entrust us with their sensitive information, and partnering with a local cloud hosting provider ensures that we maintain control over our data while complying with Nigerian data protection laws.” 

Enhanced Performance and Reduced Latency 

Geographical proximity plays a pivotal role in determining the performance of cloud-hosted applications and services. Local cloud hosting providers offer businesses the advantage of reduced latency and improved performance by hosting data closer to end-users. This translates to faster load times, seamless user experiences, and increased competitiveness in the digital landscape. 

According to Emeka Nwosu, CTO of a burgeoning fintech startup in Abuja, “Our decision to migrate to a local cloud hosting provider was driven by the need for superior performance and reliability. Since partnering with Layer3cloud, we’ve witnessed a significant reduction in latency, enabling us to deliver real-time financial services to our users with unparalleled efficiency.” 

Personalized Support and Service 

In a crowded marketplace dominated by global cloud giants, businesses often find themselves lost in the shuffle, grappling with generic support and service offerings. Local cloud hosting providers distinguish themselves by offering personalized support tailored to the unique needs and challenges faced by Nigerian businesses. From round-the-clock technical assistance to proactive monitoring and troubleshooting, local providers like Layer3cloud prioritize customer satisfaction and foster long-term partnerships built on trust and reliability. 

Chinwe Okoye, COO of a growing SaaS company in Port Harcourt, attests to the value of personalized support, stating, “The level of support we’ve received from Layer3cloud has been exceptional. Their team goes above and beyond to understand our business requirements and promptly address any issues that arise. It’s reassuring to know that we have a reliable partner we can count on.” 

Conclusion 

In a digital ecosystem shaped by rapid technological advancements and evolving consumer expectations, the importance of local cloud hosting cannot be overstated. From ensuring data sovereignty and compliance to delivering superior performance and personalized support, local providers like Layer3cloud empower Nigerian businesses to thrive in a competitive landscape while driving innovation and economic growth. 

As businesses continue to navigate the complexities of the digital age, embracing local cloud hosting represents not only a strategic investment but a testament to the resilience and ingenuity of Nigeria’s burgeoning tech ecosystem.

In the words of Oluwaseun Adekunle, Founder of a dynamic software development firm in Ibadan, “By harnessing the power of local cloud hosting, Nigerian businesses can unlock new possibilities, drive operational excellence, and chart a course towards sustained success in the digital era.” 

 


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E-Business

Firm Finds Leaked Netflix, Roblox and Discord Accounts Registered on Corporate emails

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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.

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NDPC, Mastercard Partner to Strengthen Data Protection

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Dr. Vincent Olatunji, commissioner, NDPC and Derek Ho,deputy chief privacy officer, Mastercard
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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.

 

 


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CSCS Launches *7270#, USSD Code Service

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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.

CSCS Launches *7270#, USSD Code Service

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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