E-Business
Oceanic Bank Supports Aitec Conference
Oceanic Bank has confirmed platinum sponsorship of this year’s Banking & Payment Technologies West Africa Conference, scheduled for 4-6 May at the Muson centre, Lagos.
In addition, Dr. Cecilia Ibru, the bank’s CEO, will make the opening welcome address on the first day of the conference, which will focus on “Transforming Access to Finance through Branchless Banking.” The first day will be hosted by a consortium of agencies promoting the extension of banking services to the unbanked through mobile technology and other innovations.
These organisations include Enhancing Financial Innovation & Access (EFInA), supported by the UK’s Department for International Development (DFID), the MSME Project which is a joint pilot of the Federal Government of Nigeria and the World Bank and the global microfinance body Consultative Group to Assist the Poor (CGAP) based at the World Bank. .
The conference, according to the organizers, will highlight technologies used by pioneering organizations in the financial services industry, including microfinance organizations, to reduce costs and reach new customers.
It will enable Nigeria’s financial services sector to gain knowledge and experience from over 50 local and international experts, including speakers from as far away as South Africa, Peru and the Philippines, all of which have pioneered innovative mobile banking systems.
Confirming their sponsorship of the event, Dr. Ibru congratulated the hosts of the event on the world-class programme they have lined up. “ Oceanic is proud to be associated with such a leading-edge conference, which has such a valuable role to play in educating the market on the opportunities and risks presented by Nigeria’s roll-out of mobile banking services. Oceanic remains the country’s leading innovator applying information technology to maximise the reach and the quality of our services across the country and our support for this event demonstrates our commitment to maintaining this leading position in the market – as well as supporting the development of the market by supporting an educational event of this high calibre.”
Sean Moroney, chairman of Aitec Africa, the organisers of the event, welcomed Oceanic’s sponsorship, emphasizing the role the conference will play in helping the country’s banks and mobile operators to select best technologies and practices as they roll out mobile and other new banking channels.
“Nigeria represents an untapped market of over 100 million unbanked who over the coming five years will be able to access financial services via their mobile phones. Banks and mobile operators need to prepare for the explosion of demand there will be for mobile banking services. Our conference will have a crucial role to play in preparing the market for this explosion and we are pleased to be partnering with Oceanic International bank and our other sponsors to maximise the positive impact of the conference,” he said.
The event includes an exhibition, where Oceanic will be demonstrating its own technological innovations, together with over 30 other financial service suppliers and innovators.
A branchless banking innovation hub at the exhibition, sponsored by EFInA, will provide a facility for SMEs involved in innovative applications in financial services to demonstrate their products and meet major players in the industry.
In another development, Aitec has confirmed Pia Roman, head of the Inclusive Finance Advocacy Staff of the Central Bank of the Philippines (CBP), as one of the speakers on the first day of this year’s conference.
She is involved in the overall microfinance programme within the Philippines Central Bank, specifically in the areas of policy, supervision and regulation, capacity building, advocacy and promotion as well as donor relations. The IFAS also handles broader issues of access to finance including credit information systems, product innovations and the application of technology in service delivery, among others.
Roman previously worked for a microfinance NGO in New York, and a savings and credit organization in Nepal. She will be bringing unparalleled experience and knowledge to share with colleagues in the Nigerian financial sector; along with over 50 local and international banking experts who would provide a consummate educational programme over the three days of the conference.
E-Business
Firm Discovered a New Corporate Phishing Technique using a Popular AI Web Development Platform

Kaspersky has discovered that attackers have begun exploiting another legitimate service for malicious purposes – this time it is Tencent EdgeOne Pages, a platform for creating and hosting web applications.

Attackers are misusing its capabilities to generate phishing emails targeting corporate users. Previously Kaspersky has described similar attacks leveraging Google services and web applications generated by Bubble, an AI-powered app builder, to hunt for corporate credentials.
Employees across multiple industries including the industrial sector, sales, and government are among the targets. The goal of the attack is to steal login credentials for corporate resources. Over the past 30 days, the company’s experts have detected more than 8,000 phishing emails using this tactic, including messages in English, Korean, and Russian.
The Tencent EdgeOne Pages service is positioned as a platform for quickly creating and deploying web applications using AI. Scammers misuse it to generate and publish phishing pages in minutes with virtually no web development skills.
Attackers host phishing pages on EdgeOne’s legitimate cloud infrastructure and use trusted domains. As a result, such sites appear to be established and secure to many protective solutions, complicating the detection of such attacks.
How the attack begins
The user receives an email from the alleged “corporate email support team”. The message states that the account login credentials will expire in 48 hours, and that failure to update them may result in problems receiving or sending emails.
To avoid restrictions, the user is prompted to click a link and enter relevant information. Phishing emails are not limited to this narrative, and could deliver any corporate message, such as a message from the HR department or a notification of a received document that should be downloaded.
Clicking the link in the email opens a page with a form for entering the victim’s name, email address, and password. It is a simple design, with virtually no additional elements.
After the user enters their login and password, the data is transferred to a server controlled by the attackers.
“We are seeing a continuation of the trend in which attackers use AI and no-code platforms as part of their phishing infrastructure. We’ve previously observed a similar scheme using the Bubble platform, and here we have yet another example.
“While the communication used in these phishing attacks is typical and has been used before multiple times, the attack technique itself significantly lowers the barrier to entry for attackers and accelerates the creation of phishing resources.
“Previously this required at least basic web development skills, but now an infrastructure for fraudulent emails can be created in minutes,” comments Roman Dedenok, Anti-Spam Expert at Kaspersky.
E-Business
Kaspersky Report Shows Early 2026 Witnessed an Increase in Cyberattacks on the Manufacturing Sector

According to a new Kaspersky ICS CERT report, in Q1 2026 the percentage of industrial control systems (ICS) on which malicious objects were blocked reached 19.6% globally. Kaspersky security solutions blocked malware from 10,052 different malware families of various categories on industrial automation systems.

Regionally, the share of ICS computers that were attacked ranged from 27.4% in Africa to 9.1% in Northern Europe. Compared to the previous quarter, attacks on the manufacturing sector in Q1 increased in multiple regions, including in Europe and Asia.
Regional split
In terms of overall numbers across all industry sectors, five regions saw an increase in the share of attacked ICS computers in Q1 2026 compared to the previous quarter. These were Southern Europe, Russia, Northern Europe, Canada and Africa.
Industries
In Q1, biometric systems traditionally placed first in terms of the share of ICS computers on which malicious objects were blocked, at 26.4%. These systems commonly have Internet access, are used for email, and, in many cases, have minimal cybersecurity controls within the organisations that use these systems.
Regionally, Southern Europe leads the ranking based on the percentage figures for biometric systems, at 35.15%. Africa follows at 29.58%, and Central Asia comes in third at 28.53%.
In the manufacturing industry, Southeast Asia ranks first among regions in terms of the percentage of ICS computers attacked (23.21%), followed by Africa (21.36%) and South Asia (20.13%).
In 2025, Kaspersky and VDC Research estimated that in just the first three quarters of 2025 cyberattacks on manufacturing organisations via ransomware could have generated over $18 billion globally in losses. Actual business losses could have been even higher when factoring in supply-chain disruptions, reputational damage, and recovery expenses.
“Legacy operational technology systems remain deeply embedded in manufacturing environments, which makes them vulnerable. Supply chain complexity and branching of the trusted partner network expands the attack surface beyond the network perimeter.
Attackers are realising that targeting OT assets of an industrial enterprise is not rocket science, which is why factory shutdowns bring massive financial losses,” commented Evgeny Goncharov, Head of Kaspersky ICS CERT.
E-Business
NDPC, Meta Launch 2-Year M-SIDP after Regulatory Settlement

Nigeria Data Protection Commission (NDPC) has launched the Meta-Supported Initiatives for Data Protection (M-SIDP), a strategic programme aimed at strengthening data privacy awareness, regulatory compliance and institutional capacity across Nigeria’s digital ecosystem.

The initiative follows the conclusion of regulatory proceedings involving Meta Platforms Inc., the parent company of Facebook, Instagram and WhatsApp, over concerns relating to the processing of personal data belonging to Nigerian users. The matter was resolved in 2025 through a court-approved settlement.
Under the agreement, Meta committed to supporting a two-year programme of public-facing data protection measures designed to advance the objectives of the Nigeria Data Protection Act (NDP Act) 2023, the General Application and Implementation Directive (GAID), and the NDPC Strategic Roadmap and Action Plan (SRAP) 2023–2027.
Announcing the initiative, the Commission said the programme would strengthen safeguards for data subjects while promoting responsible data processing practices among organisations operating in Nigeria.
According to a statement signed by Itunu Dosekun, head of the NDPC Media Unit, the programme will focus on governance, research and development, safety and sustainability mechanisms for technology ecosystems, capacity building for Data Protection Officers (DPOs) and Data Protection Compliance Organisations (DPCOs), as well as public awareness campaigns targeted at vulnerable groups.
The Commission stated, “As part of the settlement, Meta committed to supporting a two-year programme of public-facing data protection measures that aligns with the objectives of the Nigeria Data Protection Act, 2023 (NDP Act), the NDP Act General Application and Implementation Directive (GAID) and the NDPC Strategic Roadmap and Action Plan (SRAP) 2023–2027.”
The NDPC stressed that the settlement does not limit its regulatory authority.
“Nothing in this settlement limits the Commission’s independent statutory powers as we continue to exercise our regulatory mandate in relation to data processing activities in Nigeria, in accordance with the NDP Act and other applicable laws,” it stated.
The development comes amid rising global scrutiny of technology companies over data privacy practices, with regulators in regions including the European Union and the United States tightening enforcement against breaches and non-compliance.
Nigeria has also intensified efforts to strengthen its privacy framework following the enactment of the Nigeria Data Protection Act in 2023, which established the NDPC as an independent regulator empowered to monitor compliance, investigate violations and impose sanctions.
Industry experts warn that increasing digital adoption across banking, telecommunications, e-commerce, healthcare and public services has heightened risks of identity theft, cybercrime and unauthorised data sharing.
The NDPC has in recent years stepped up enforcement actions against organisations that violate data protection rules, while also expanding accreditation for Data Protection Compliance Organisations and training for privacy professionals.
The Meta-supported initiative is expected to address gaps in public awareness and technical capacity, while also supporting research and policy development on emerging issues such as artificial intelligence, cross-border data transfers and platform governance.
The Commission said it would provide periodic updates on the implementation of the programme and called on stakeholders to support efforts to build a secure, transparent and accountable privacy ecosystem in Nigeria.
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