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Firm Says Online Stores are at Risk of Attacks by Hackers

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As retail stores ramp up their online offerings to entice shoppers, companies need to be on guard.

A common belief is that hackers target individual accounts, but this needs to be “mythbusted”.

The real purpose of an increasing number of attacks on online retailers (as much as financial institutions) is in fact to hold these organisations at ransom and so squeeze currency from them.

“This is commonly known as bitcoin ransom in the industry,” explained Lukas Pelser, technical manager at South Africa’s leading value-added distributor, Networks Unlimited.

“It’s a ‘pay up or we post consumer details’ scenario. The most infamous attack of this type being the recent Ashley Madison case.”

According to a New York Times article: For ransom, bitcoin replaces the big bag of bills,

“Criminals like the virtual currency because it can be held in a digital wallet that does not have to be registered with any government or financial authority – and because it can be easily exchanged for real money.”

So how do these criminals do it? In simple terms, they generally launch a small attack to render a website unserviceable, thus taking it offline. During this downtime – where the retailer is losing both consumers and revenue – an e-mail is sent demanding a bitcoin ransom.

“Payment in bitcoins can be high with one bitcoin going for R8,000. If the demand is ignored, the ransom could be upped or a full-on distributed denial-of-service (DDoS) attack launched and the threat realised,” said Pelser.

Retailers thus need to be prepared for this type of malicious attack, especially at this time of the year where they want to increase traffic to their site. They thus need to educate themselves on what a bitcoin is and how they will handle an extortion demand.

“Of course, the best method is to be adequately protected should this happen to you. Hackers are not just targeting large retailers in Europe or America, but also enterprises across Africa and smaller businesses, with the top five targets being e-commerce, government, and gaming and financial services organisations. Although many may start as opportunistic attacks, it is always better to be safe than sorry,” warned Pelser.

 “It has therefore become absolutely necessary to strengthen your defence so that your network is not flooded by the attack and crashes under the strain, and that your customer details remain protected. Unfortunately, many security technologies deployed as little as two years ago no longer provide adequate protection. New technology has however been engineered specifically for today’s DDoS attacks.”

He highlights Arbor Networks APS, which was named best security hardware solution at the 7th Annual Golden Bridge Awards at the start of December 2015, as a powerful solution for companies to guard themselves from DDoS attacks.

“The solution is designed to stop attacks immediately while giving control back to the enterprise. It offers full protection from DDoS attacks and botnets out-of-the-box; enables an easy and fast setup for immediate protection; and its flexible deployment and control ensures inline blocking or off the tap for detection,” says Pelser.

To enjoy a festive season that is more “ho, ho, ho” than “oh, no”, enterprises need to realise that DDoS attacks are no longer just a bothersome niggle, but they impact businesses on numerous devastating levels.

Whether DDoS attacks cause saturation upstream, state exhaustion or service outages, and in many times in all three; the end result remains: critical services are no longer available and your profit is on the line.


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FG Unveils ePharmacy Platform to Regulate Digital Pharmaceutical Services

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Federal government has inaugurated the Electronic Pharmacy Regulation Platform (E-Pharmacy) to enhance the safety of online healthcare services.

FG Unveils ePharmacy Platform to Regulate Digital Pharmaceutical Services

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The platform, championed by the Pharmacy Council of Nigeria (PCN), is designed to regulate digital pharmaceutical services and improve public health outcomes.

Inaugurating the platform, Prof. Ali Pate, coordinating minister of Health and Social Welfare, said the initiative signified Nigeria’s commitment to building a world-class regulatory environment.

Pate noted that pharmacy regulation had faced significant challenges for over three decades but expressed optimism that the new platform would strengthen oversight and accountability.

He said the initiative would enable evidence-based monitoring of pharmaceutical practices while supporting innovation and investment in the health sector.

“This launch is a testament to our collective commitment to advancing technology in the service of health, safety and human dignity.

“It is a decisive step to ensure that pharmaceutical practice in Nigeria aligns with national and global health priorities, reflecting the realities of the 21st century.

“It enables the country to adopt evidence-based approaches to monitoring and protecting public health while supporting innovation and investment,” he said.

The minister added that the platform would help establish a safe, accessible and well-regulated national e-pharmacy ecosystem driven by digital technology.

Earlier, Alhaji Ibrahim Ahmed, registrar/chief executive officer of PCN, said the need to regulate online pharmacy operations became more urgent during the COVID-19 pandemic.

Ahmed said the pandemic accelerated the adoption of digital tools and e-commerce in healthcare, exposing longstanding inefficiencies in pharmaceutical supply chains, particularly in Africa and Nigeria.

“This has led to the increasing adoption of digitised distribution of essential medicines through cost-effective and technology-enabled models.

“For decades, PCN has regulated pharmacy education, training, practice and business in Nigeria. However, as the world shifts towards digital solutions, access to medicines has evolved.

“The Electronic Pharmacy Regulations 2026 provide a comprehensive legal and technical framework for the registration, licensing, operation and oversight of digital pharmaceutical services,” he said.

He added that the framework would ensure that ethical standards and patient safety are not compromised in the delivery of online pharmaceutical services.


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Flutterwave Targets Anambra as South-East Tech Hub

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Olugbenga Agboola, CEO, Flutterwave, has announced plans to establish Anambra State as the company’s hub for Nigeria’s South East, leveraging a fresh banking license from the Central Bank of Nigeria (CBN) to boost local fintech and businesses.

Flutterwave Targets Anambra as South-East Tech Hub

Flutterwave

Agboola made the disclosure yesterday in Awka during a meeting with Anambra tech community leaders, hosted alongside Dr. Stanley Uzochukwu, CEO, Stanel Group and proprietor, Delborough Hotel.

He highlighted Flutterwave’s status as Africa’s leading payment system, born in Nigeria, with infrastructure powering companies nationwide.

“We want Anambra to be our hub for the entire South East,” Agboola said. “We’ll deploy our systems, fees, infrastructure, and POS terminals to every small business and large firm here, making our services the top consumer choice.”

Agboola pledged a massive impact program for Anambra entrepreneurs to foster global platforms from the state, enabled by the new license for faster growth.

For a decade, Flutterwave has facilitated payments, but now aims to empower South East businesses through partnerships, POS access, loans, and value for SMEs.

“We’re partnering on a huge impact program launching soon—impacting the tech community with technology, financing, and lending to create more millionaires from this city,” he added.


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NESREA, ACMTI, Others Launch Carbon Utilisation Initiative in Nigeria

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The National Environmental Standards and Regulations Enforcement Agency (NESREA), in collaboration with the Africa Carbon Management Technology & Innovation (ACMTI) and the Clean Energy Ministerial Carbon Capture, Utilisation and Storage Initiative (CEM-CCUS), has launched a Carbon Capture, Utilisation and Storage (CCUS) Initiative Platform in Nigeria.

Speaking at the launch in Port Harcourt, Rivers State, Prof. Innocent Barikor, the Director-General of NESREA, described the project as a major milestone in Nigeria’s journey toward environmental sustainability, climate resilience, and industrial transformation.

Barikor explained that the CCUS solution provides an economically viable pathway for industrial decarbonisation by enabling the capture, storage, and utilisation of carbon in sectors such as beverage production, cement manufacturing, chemicals and fuels, enhanced oil recovery, and agriculture.

“We need to reduce carbon in the atmosphere to acceptable levels. Its utilisation offers opportunities to capture and store carbon and deploy it for industrial purposes. We are building a circular economy—turning environmental challenges into economic opportunities in line with regulatory provisions,” he said.

He noted that the CCUS Platform is a collaborative ecosystem designed to bring together key stakeholders, including government institutions, industry leaders, academia, technology developers, development partners, and investors.

Also speaking, the Vice-Chancellor of the University of Port Harcourt, Prof. Owunari Georgewill, commended NESREA for the initiative, describing it as a practical mechanism for coordination, innovation, and action toward Nigeria’s 2035 climate targets and broader energy transition goals.

He added that the university is well-positioned to host the CCUS initiative, noting that its Energy Technology Institute has developed credible expertise in energy transition-related fields critical to the success of CCUS in Nigeria.

On his part, the Coordinator of ACMTI and Facilitator of the Carbon Technology Innovation Platform (CTIP), Dr. Richard Victor Osu, said the vision is to position Nigeria as a regional leader in carbon management technologies while contributing meaningfully to Africa’s climate commitments and global decarbonisation efforts.

Osu explained that Port Harcourt was selected due to its potential as a CCUS hub, adding that the platform will focus on advancing research and innovation, building technical capacity, promoting public-private partnerships, attracting investment, and fostering collaboration with international research and technology partners.

Juho Lipponen of the CEM-CCUS Initiative assured that the organisation would support Nigeria in prioritising CCUS in clean energy discussions, strengthening carbon management deployment programmes, boosting partnerships, facilitating financing solutions, and promoting positive narratives around carbon utilisation.

The event attracted participants from the United States, France, Brazil, Canada, the United Arab Emirates, and the United Kingdom, who shared insights on the initiative.

Also in attendance were representatives of the National Oil Spill Detection and Response Agency (NOSDRA), the National Council on Climate Change (NCCC), the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), the Rivers State Ministry of Environment, as well as private sector stakeholders and development partners.


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