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Cashless Regime: Experts Warn of Dangers of Storage, Ring Solution

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Data experts have painted a gloomy outlook for financial institutions and IT firms in the country in view of the expected explosion in information generation in the current cashless regime urging for a simplified storage facility, Nigeria CommunicationsWeek has learnt. The experts who gathered at the recent Storage Optimization Summit organized by Computer Warehouse Group (CWG) in conjunction with the International Business Machines Corporation (IBM) x-rayed a range of storage enhancement innovations pioneered through their synergy. The innovations according to them can underpin the Central Bank of Nigeria (CBN’s) policy on cashless economy by compressing information and reducing costs. Nigeria CommunicationsWeek gathered that statistically, information storage requirements grow between 20-40 per cent annually and may expand to 80 per cent. In the cashless regime, financial institutions may come out worse off because of dearth of simplified storage structures. Oluwaseyi Obiyemi, client technical specialist, IBM West Africa, said that smarter systems are creating information explosion currently in Zettabytes, citing that companies that budgeted one to five per cent for storage facilities are presently struggling to maintain the tempo with attendant costs. The client technical specialist, stated that IBM’s $500 million splash on research and development annually has been yielding positive results in terms of a range of apparatus it produced to contain the looming danger of data loss by companies. He said: “Very few banks have good back up solution recovery of data; that is, their backs up automated machines are not optimally perfect. Basically, big organizations that don’t attach much importance to data might not really know the harm. However, IBM solutions are cost effective technologies meant for data compression and duplications. “In other words, we are looking at companies having the right information at the right places, while managing space. Through automated tiering, automated data migration, banks can store more with what is on the floor by virtualization and thin provisioning. This will save the corporate bodies some stress, litigation and loss of valuable data”. Obiyemi said Obiyemi added that IBM’s Storwize V7000 can help corporate bodies simplify complex IT infrastructure, particularly to lower ongoing costs, improve flexibility and reduce demands on technical staff. Nodding in agreement, Emeka Udaya, storage business development manager, Tri-Continental Ltd, said that the challenges of data protection spurred by data growth in the last few months has exposed the incapacity of storage facilities, that take longer time to back up. He said that “Apart from that, some companies thought they could maneuver the situation by acquiring more storage facilities like disks, but they end up in higher service land requirements (spaces for the facilities). “And the need to keep data intact could be envisaged in the banks merger and acquisition that deal, particularly with existing data; security challenges; remote or branch offices operation and back up on silos-the cost of managing tapes attached to servers are increasing by the day,” he added. Udaya mentioned a number of solutions the synergy between Computer Warehouse Group and IBM have introduced under Trivoli Storage Manpower to include, TSM Server products, Bare Machine Recovery; Desktop/Laptop; Application protection and Space management archiving. Earlier, Dayo Abegunde, general manager, CWL Systems; a subsidiary of CWG, said with evolving delivery models, the IT industry is changing, particularly for the banking sector that is engaged in outsourcing, low head count, managed service. Meanwhile, “Delivery requirements must be demonstrated with better or enhanced platform.” Abegunde, who represented the Austin Okere, group chief executive officer, Computer Warehouse Group, noted that although the resources spent on IT by organization has continued to grow, however, ‘keeping the Light On, demands strategizing. He said that CWG in collaboration with IBM, a renowned leader and pioneer in the IT industry, organized the summit geared towards educating their customers on how to achieve better storage utilization and sharing of data across servers’ clients while helping to lower the risks and costs associated with the installation of a SAN solution. He said this will bring about, “Lower lifecycle costs thanks to innovative storage architectures that lower both capital and operational expenses; virtualized storage in order to reduce skills requirement; easy tie-ring to match value of data to the cost of the storage system and improved data storage to reduce costs and boost efficiency.”


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E-Business

ISDL Achieves IMS Certification

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Integrated System and Devices Limited (ISDL), a major provider of electronic security solutions, is delighted to announce the successful attainment of ISO 14001:2015 and ISO 45001:2018 certifications following a rigorous audit process conducted by Bureau Veritas Certification Holdings SAS-UK Branch.

ISDL Achieves IMS Certification

In 2021, ISDL bagged the Quality management systems ISO 9001:2015, and now in 2024, with unwavering dedication to customer satisfaction, the occupational Health and Safety system ISO 45001:2018 and the Environmental management system ISO 14001:2015 have been consolidated to form an Integrated Management System.

These certifications, covering ISDL’s headquarters and branches, signify the company’s unwavering commitment to upholding the highest standards of quality management across all facets of its operations.

According to Oluseun Mabogunje, managing director of ISDL, the scope of the certifications encompasses the design, procurement, supply, installation, integration, maintenance, and after-sales support of various electronic security and Extra Low Voltage (ELV) equipment.

Mabogunje expressed his elation at receiving the IMS certifications, emphasizing ISDL’s dedication to delivering exceptional quality and service to its clientele. He emphasized that this achievement underscores the company’s ongoing pursuit of continuous improvement and customer satisfaction.

 

 

 


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Cybervergent’s Q1 2024 Report Reveals Rising Threat of Remcos RAT Malware in Financial Sector

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Cybervergent, a foremost technology company providing automated cybersecurity solutions, in its Quarterly Brief has revealed a troubling trend in the financial sector that shows a spike in attacks utilising the deceptive Remote Control and Surveillance Access Trojan (Remcos RAT) in Q1, 2024.

The findings affirm a stark forewarning to the financial institutions and organisations in the African continent, urging heightened vigilance and proactive measures to mitigate potential escalating risks.

Previously marketed as a legitimate software, Remcos got co-opted by malicious actors and is now a prevalent tool in cybercrime campaigns. This remote access tool grants attackers hidden entry into victims’ devices, allowing them to seize control, pilfer sensitive data, and even introduce stealth backdoors to compromise entire systems. The capabilities of Remcos are diverse and frightening, ranging from disabling vital security features like User Account Control (UAC) to covertly recording user activities.

“As vigilant cybersecurity gatekeepers, we have observed a significant surge in attacks leveraging the Remcos RAT malware,” said Gbolabo Awelewa, the Chief Solutions Officer, Cybervergent. “Financial institutions are particularly targeted due to the sensitive nature of their data and assets. Organisations must remain diligent and adopt proactive monitoring measures to safeguard against such threats.”

The proactive approach adopted by Cybervergent’s Cyber Operations Centre involves meticulous analysis of attacker tactics, constant updating of threat intelligence, and implementing robust endpoint security solutions. These measures are designed to detect, prevent, and neutralise Remote Access Trojans like Remcos, ensuring the continued security and compliance of organisations in the face of evolving cyber threats.

“Our mission is to fortify our clients’ defenses and ensure the seamless operation of their organisations,” added Gbolabo. “By staying ahead of emerging attack vectors and vulnerabilities, we empower businesses to take proactive measures and protect their valuable assets.”

Looking ahead, Adetokunbo Omotosho, Chief Executive Officer of Cybervergent emphasised the firm’s focus on empowering organisations to navigate the complexities of cybersecurity and compliance with dexterity and confidence.

“Cybervergent’s Assurance and Compliance Team has demonstrated unparalleled leadership in the cybersecurity domain, achieving significant milestones and delivering transformative solutions. Our journey through Q1 reflects a deep commitment to advancing the state of cybersecurity compliance, paving the way for a secure and resilient digital future for organisations in Africa and across the world”, he added.


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Konga Launches Free Same Day Deliveries on Starlink, Apple & Samsung Nationwide

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Konga, the only authorised shop-in-shop for Starlink Internet kits in Nigeria, is offering its customers free same day delivery across all major cities in the country.

With prices of Starlink Internet kits slashed by 50%, Konga is delivering additional value so that both homes and businesses in urban and remote places can enjoy infinite possibilities with their internet on both their standard and enterprise installations. This offer which is available both online and in its retail stores nationwide is exclusive to new and existing customers this month.

With the improvement in prices on both original standard and enterprise Starlink kits, customers can now enjoy a global warranty and direct installation services by purchasing only on Konga.

Since the launch of the partnership with the Elon Musk owned satellite internet provider, Nigerians have continued to celebrate the uninterrupted supply of fast and efficient cyber network services from the authentic devices available on Konga.

In addition to Starlink, other unique items from leading global companies such as Apple, HP, Lenovo, Samsung, Zinox, Philips, Intel and many more are available at unbeatable discounts in the Konga Tech Month from the 1st and will run till the 31st of May 2024.

The Konga Tech Month was extended from its traditional 7day promotion to 30days to give more people access to exclusive deals throughout the month. To enjoy these mouthwatering offers, visit konga.com or any of its physical outlets today.


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