E-Business
LAUTECH Wins 2014 Microsoft Nigeria Imagine Cup

The winning team of the 2014 Microsoft Nigeria Imagine Cup, a student competition which centers on the use of imagination, creativity and technology to help solve some of the world’s toughest problems, has been announced.
As part of Microsoft’s YouthSpark initiative, it is a way for young entrepreneurs, innovators and developers to have the opportunity to develop an idea, create a product, and set a clear business plan that will take their product to market.
In previous years, only a few of the very best teams made it all the way to the World Finals and received global recognition for their hard work.
In this year’s Imagine Cup, every first-place winner of the National and Online Finals will be able to compete in a whole new round: the World Semifinals launching on the 1st May.
This round allows all of these first-place teams to be celebrated on the Imagine Cup website so everyone can hear their stories, see their projects, and be inspired by their imagination and passion.
World Semifinalists will compete against each other in a global judging round to select the few teams invited to the World Finals –but every single World Semifinalist team will be eligible for prizes including Imagine Cup’s Visual Studio Online Boost, in which nine teams will receive $1,000 each for using the cloud-based power of Visual Studio Online to collaborate, plan, and implement their projects.
In total, 9 teams from Nigeria competed during a challenging day of presentations, which brought together students from universities across the country.
This year’s winner, in the category of World Citizenship, is Team High Rise from Ladoke Akintola University of Technology, Ogbomosho, with their solution, Catara which serves the purpose of drastically reducing the rate at which cataract causes total blindness.
Adefioye Temidayo, Faleye Benjamin, Oyebisi Jemil and Ibraheem Bello of Team High Rise will stand the chance to compete in the Imagine Cup World Semifinals, which will take place in Seattle in July 2014.
“We are so excited to have won today’s competition – and to have the opportunity to represent Nigeria at the World Semifinals,” said Adefioye Temidayo of Team High Rise. “And we’re thrilled to have the opportunity to compete with students from around the globe who, like us, are passionate about making a difference in the world.”
The competitors in the Nigerian Finals for Imagine Cup 2014 have joined student innovators from across the globe to take their innovative and ground-breaking ideas from concept to marketplace with Microsoft resources.
Each of the 9 competitors were honoured for their work to address some of Nigeria’s toughest challenges.
In 2nd place, was Team Eagle from The Federal University of Akure (FUTA), with their solution Enchanter, which created virtual business cards that can be shared using near field communication (NFC) I.
Team ABU from the Ahmadu Bello University, Zaria, came 3rd with their solution Mayday, which acts as an emergency alert and response application.
“Each team that competed in the competition is deserving of the highest recognition for the creativity and imagination applied to some of the world’s biggest challenges. We’re proud to honour these young students who we believe truly exemplify the spirit of the Imagine Cup competition, and we’ll be cheering Team High Rise on as they compete on the world stage,” said Shina Oyetosho, director, Developer Platform Evangelist for Microsoft Nigeria.
Oyetosho added, “Imagine Cup is also directly aligned with the Microsoft 4Afrika Initiative that was launched last year as it drives access to technology, innovation and world-class skills. We believe deeply that technology can accelerate growth for Africa, and Africa can also accelerate technology for the world.”
This year, in keeping with the changes to the Imagine Cup competition, new contests have been added including: the Pitch Video Challenge, which since September last year has allowed students to submit a five minute video pitch for their project.
The competition is also in the final weeks of the Project Blueprint Challenge, where teams take a deep dive into their thinking and prepare a ten-page document exploring their concept and creating user personas, top user stories, business models, and demonstrate how they have already sought and incorporated feedback from potential users.
In January 2014 the User Experience Challenge was launched to recognize great design as being more important to great software than ever.
“Teams who compete in all three contests will end up with significantly better Imagine Cup projects because they will be prepared to pitch, plan, and build their ideas,” said Oyetosho.
More than 1.65 million students across the globe have participated in Imagine Cup during the past decade, creating applications and games that address the world’s toughest social problems.
Last year, Team Code 8 from Uganda won the United Nations Women’s Empowerment Award for their app, Matibabu, which helps detect Malaria without pricking a body part.
By attaching a Kinect sensor to a user’s finger, their malaria status is fed into their smartphone within seconds, and for free.
“From the heart of Africa, here is an innovation that has the potential to save lives all over the world,” said Oyetosho.
The team won USD 12 000 in addition to training and mentorship to develop their application.
Team High Rise will join the brightest young minds to represent Africa, and like team Code 8, show how the power of technology can take on Africa’s and the world’s toughest problems.
E-Business
Nigerian Terra Industries Secures $11.8m for Expansion

Terra Industries, a Nigerian defence technology startup, has raised $11.75 million to expand its development of defensive systems that protect critical facilities across Africa.

The fundraising round was led by Silicon Valley venture firm 8VC, which was founded by Palantir co-founder Joe Lonsdale.
Other investors in the round include Valour Equity Partners, Lux Capital, SV Angel, and Nova Global, as well as African-focused funds Tofino Capital, Kaleo Ventures, and DFS Lab.
Terra Industries, founded in Abuja by Nathan Nwachuku and Maxwell Maduka, provides multi-domain security solutions for both air and land. Its solutions are intended to detect and respond to threats including terrorism, sabotage, and armed attacks on infrastructure.
The company’s product portfolio includes surveillance drones, ground-based robotic systems, and fixed monitoring towers deployed around sensitive locations.
Co-founder and CEO Nathan Nwachuku said the company has now fully embraced its identity as a defence-focused startup, citing the growing urgency of security challenges across Africa.
He said safeguarding critical infrastructure from terrorist threats has become unavoidable.
Nwachuku argues that protecting Africa’s infrastructure requires a different approach, one that combines local manufacturing, end-to-end system control, and software capable of independently identifying and responding to threats over large areas.
The company aims to position itself as a defence prime, similar to the role played by firms such as Anduril Industries and Palantir in the United States.
Nwachuku also disclosed that the company had earlier raised $800,000 in pre-seed funding.
With the new funding, Terra plans to increase manufacturing capacity within Africa, establish additional defence production facilities, and expand its artificial intelligence and software teams.
While software offices are planned for San Francisco and London, the company said manufacturing operations will remain on the continent.
E-Business
Kaspersky Warns Telecom Threats from 2025 will Carry into 2026 as New Technology Adds New Risk

Kaspersky Security Bulletin reviews what shaped telecom cybersecurity in 2025 and what is likely to persist in 2026. Advanced Persistent Threat (APT) activity, supply-chain compromise, DDoS disruption and SIM-enabled fraud continued to pressure operators in 2025, while newer technology deployments introduce additional operational risk.

In 2025, telecom operators faced four broad threat categories. Targeted intrusions (APTs) continued to focus on gaining stealthy access to operator environments for long-term espionage and leverage through privileged network positioning.
Supply chain vulnerabilities remained an entry point: telecom ecosystems rely on many vendors, contractors and tightly integrated platforms, so weaknesses in widely used software and services can provide a path into operator networks. Finally, DDoS remained a practical availability and capacity problem.
Kaspersky Security Network showed that last year, between November 2024 and October 2025, 12,79% of users in the telecommunications sector encountered web threats and 20,76% faced on-device threats. 9,86% of telecom organisations worldwide experienced ransomware.
At the same time, the telecommunications sector is moving from rapid technological development to broad implementation — and the report argues that this shift creates new opportunities and new operational risks for 2026.
Kaspersky highlights three areas where technology transitions could introduce disruption if rolled out unevenly or without strong controls: AI-assisted network management, where automation can amplify configuration errors or act on misleading data; post-quantum cryptography transitions, where rushed deployment of hybrid and post-quantum approaches could cause interoperability and performance issues across IT, management and interconnect environments; and 5G-to-satellite integration (NTN), where expanding service footprints and partner dependencies introduce new integration points and potential failure modes.
“The threats that dominated 2025 — APT campaigns, supply chain attacks, DDoS floods — aren’t going away. But now they intersect with operational risks from AI automation, quantum-ready cryptography, and satellite integration.
Telecom operators need visibility across both dimensions: maintaining strong defences against known threats while building security into these new technologies from day one. The key is continuous threat intelligence that spans from endpoint to edge to orbit,” said Leonid Bezvershenko, senior security researcher at Kaspersky Global Research & Analysis Team.
E-Business
Study Reveals 88.5% of Phishing Attacks Focus on Stealing Account Credentials

Kaspersky analysed phishing and scam campaigns observed from January through September 2025 and found that 88.5% of attacks globally sought credentials for various online accounts.

Another 9.5% targeted personal data such as names, addresses, and dates of birth, while 2% focused on bank card details.
According to data from Kaspersky, over 38 million phishing links were clicked in Africa in the previous year (from November 2024 to October 2025) – all of which were detected and blocked by Kaspersky solutions.
Not everyone uses protective solutions on their devices however, and phishing remains one of the most prevalent cyber threats, with attackers luring users to fake websites where they unwittingly surrender their login credentials, personal information, or bank card details.
Kaspersky research shows that most phishing pages transmit stolen information via email, Telegram bots, or attacker-controlled panels, before it enters underground resale channels.
Data stolen through phishing is rarely used only once: credentials from multiple campaigns are consolidated into data dumps and sold on dark web markets, in some cases for as little as $50. Buyers sort and verify the data to check whether accounts remain active and reusable across different services.
According to Kaspersky Digital Footprint Intelligence, average 2025 prices ranged from $0.90 for global Internet portals to $105 for crypto platforms and $350 for online banking access. Personal documents such as passports or ID cards sold for about $15 on average, with pricing influenced by account age, balance, linked payment methods, and security settings.
As datasets are enriched and combined, attackers can build detailed digital profiles that may later support targeted attacks on executives, finance staff, IT-administrators or individuals with valuable assets or personal documents.
“Our analysis shows that credentials account for nearly 90% of phishing attempts. Once collected, logins, passwords, phone numbers, and personal details are aggregated, checked, and resold, sometimes years after the initial theft.
Combined with new information, even old credentials can enable account takeovers and targeted attacks against both individuals and organisations.
By leveraging open-source intelligence and old breach data, attackers can craft highly personalised scams, turning one-time victims into long-term targets for identity theft, blackmail, or financial fraud,” said Olga Altukhova, senior web content analyst at Kaspersky.
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