E-Business
IBM, Nokia, Others Launch IoT Cybersecurity Alliance

IBM, Nokia, AT&T, Palo Alto Networks, Symantec and Trustonic have announced that they are collaborating to help address IoT security challenges.
The “IoT Cybersecurity Alliance” said the combination of industry-leading security providers and IoT experts will research and raise awareness of ways to better secure the IoT ecosystem.
“The explosive growth in the number of IoT devices is only expected to continue; therefore, so must the associated cybersecurity protections,” said Mo Katibeh, SVP of Advanced Solutions at AT&T. “Today’s businesses are connecting devices ranging from robots on factory floors to pacemakers and refrigerators. Helping these organisations stay protected requires innovation across the whole IoT ecosystem to enable sustainable growth.”
In the past three years, AT&T said it has seen a 3,198 per cent increase in attackers scanning for vulnerabilities in IoT devices.
When AT&T surveyed companies in 2016, 58 per cent of respondents said they were not confident in the security of their IoT devices.
The Alliance members believe the key to IoT security lies in protecting all devices at the endpoint, network, cloud and application layer, and using overarching threat analytics to study the overall ecosystem and designing products with a built- in, always-on security approach.
The members want to advise customers and educate the industry on the cybersecurity measures needed to create a safer IoT ecosystem, foster collaboration and advance innovation with top cybersecurity and IoT thought leaders.
Specifically, goals of the IoT Cybersecurity Alliance are to:
Collaborate and research security challenges of IoT across verticals and use cases such as automotive, industrial, smart cities and healthcare. The Alliance will take use cases or business challenges in IoT cybersecurity to dissect and advance security concerns and identify ways to implement security across the value chain.
Dissect and solve for IoT security problems at every critical layer of security. These include the endpoint, connectivity, cloud, and data/application layers, and the Alliance says it includes experts at each of these layers to help educate businesses and consumers on how to protect their connections.
Make security easy to access across the ecosystem. Security needs to exist across the value chain, and the Alliance says users will benefit from innovative IoT services and infrastructures that can withstand the ever-evolving threat landscape.
Influence security standards and policies. Using each group member’s leadership and expertise will raise awareness of cybersecurity, with the Alliance engaging regularly with policymakers and other organisations.
“Be it a connected car, pacemaker or coffee maker, every connected device is a potential new entry point for cyberattacks,” said Bill O’Hern, Chief Security Officer at AT&T. “Yet, each device requires very different security considerations. It’s become essential for industry leaders and innovators like those in the founding members of this Alliance, to work together to help the industry find more holistic security approaches for IoT.”
The IoT Cybersecurity Alliance intends to bring together market leaders in device security, connectivity, data, cloud, and applications, creating the opportunity for end-to-end IoT security to help businesses continue to grow and compete in the ever-changing market. Its members say they will help the industry maximize the advantages of IoT while educating about how to keep companies and consumers more secure.
E-Business
NDPC Probes UNILAG, Lotus Bank, Hackerbella over Alleged Students’ Data Misuse

Nigeria Data Protection Commission (NDPC) has commenced a forensic investigation into the University of Lagos (UNILAG), Lotus Bank and Hackerbella Ltd over alleged violations of data protection laws involving students’ personal information.

The investigation follows public complaints alleging that students’ personal data were used to open bank accounts without a lawful basis.
Dr Vincent Olatunji, national commissioner and chief executive officer of the NDPC, directed the investigation team to conduct a comprehensive assessment of the circumstances surrounding the collection, processing, use and disclosure of the affected students’ personal data.
The investigation will also determine the respective roles and responsibilities of UNILAG, Lotus Bank and Hackerbella in the alleged processing of the data.
According to the Commission, the investigation will assess the data protection compliance obligations of the parties under the Nigeria Data Protection Act, 2023 (NDP Act), as well as potential risks posed to the rights and freedoms of the affected data subjects.
The NDPC said the probe would cover several areas, including Data Protection Impact Assessments (DPIAs), the lawfulness and transparency of credit scoring or profiling activities, and the use of automated decision-making systems.
It will also examine the adequacy of privacy notices, data-sharing arrangements, lawful bases for processing, data minimisation and purpose limitation.
Other areas include data retention policies and the adequacy of technical and organisational measures put in place to safeguard the rights and personal data of affected students.
The Commission reiterated that institutions entrusted with the personal data of students, staff and other members of their communities have a heightened responsibility to ensure that such information is processed lawfully, fairly, transparently and securely.
The NDPC therefore warned educational institutions that are yet to comply with its existing data protection compliance directives to take immediate steps to achieve compliance.
The Commission said it would continue to exercise its regulatory mandate to protect the privacy rights of Nigerians and ensure that organisations processing personal data comply with the provisions of the Nigeria Data Protection Act, 2023.
E-Business
Microsoft to Unveil Next-generation AI Chip in September

Microsoft is planning to unveil its new Maia 300 AI chip this fall, potentially as soon as next month, The Information reported on Monday, citing people with direct knowledge of the plans.

The company introduced its Maia AI chip in November 2023 but has lagged rivals such as Alphabet and Amazon in scaling up its in-house chip efforts as it seeks to reduce its reliance on Nvidia’s costly processors.
Google began recognizing revenue from direct sales of its custom AI chips, called Tensor Processing Units, in the quarter ended June, while Amazon has also seen growing adoption of its processors, including its Trainium chips.
Microsoft has been in talks with chipmaker TSMC to secure manufacturing capacity for more than 300,000 units of the chip for delivery in 2027, according to the report. It is also looking to significantly ramp up production and persuade major cloud customers such as Anthropic to adopt the chip.
Microsoft ultimately aims to secure capacity for more than 1 million Maia 300 chips, though component supplies and ongoing capacity negotiations with TSMC could constrain its plans, according to the report.
It unveiled its second-generation Maia 200 in January, built by TSMC using 3-nanometer technology.
Microsoft packed the chip with a significant amount of SRAM, a type of memory that can provide speed advantages for AI systems handling large numbers of user requests.
E-Business
X Replaces Revenue Sharing wit New Creator Rewards Programme

X has announced plans to discontinue its Revenue Sharing programme and introduce a new Original Content Rewards programme to reward creators for producing original content on the platform.

The social media company announced the changes at the weekend in a post on its X Creators handle, saying the new programme would reward creators who contribute original content.
“Today, we’re introducing the Original Content Rewards Program, a new way to reward creators who bring original ideas, expertise, reporting, creativity, and commentary to X,” the company said.
X said it would stop accepting new enrolments into the Revenue Sharing programme from Friday, while existing participants would continue earning until September 7, 2026.
“Starting today, we’re no longer accepting new enrollments into Revenue Sharing,” it said.
According to the company, existing Revenue Sharing participants will receive three final payouts, with two scheduled for August 14 and August 28, while the final payment for earnings accrued through September 7 is expected around September 11.
X said existing Revenue Sharing participants would begin getting access to apply for the new programme from September 8, subject to meeting its eligibility requirements.
The first payout under the Original Content Rewards programme will be made on August 28, 2026, while existing Revenue Sharing creators who enrol in the new programme from September 8 will receive their first payment on September 25.
Under the new programme, eligible creators will earn from qualified impressions generated by their original content, with payments made every two weeks.
X defined qualified impressions as unique impressions from Premium users on the Home Timeline feed, where at least 50 per cent of a post is visible.
On the other hand, “The following are excluded from qualified impressions: impressions from the same account counted more than once per post; paid, promoted, or artificially generated impressions; and fraudulent impressions,” it said.
To qualify, creators must be at least 18 years old, live in a country where the programme is available, maintain an account in good standing and have either a personal or vusiness account.
They must also subscribe to X Premium, Premium+ or Premium Business, have at least 500 verified followers and record at least 500,000 Home Timeline impressions from verified users within the previous 90 days.
X said creators must also regularly post original content to remain eligible.
“We want to recognize creators who break news, share expertise, tell stories, create entertainment, and contribute meaningful perspectives to the conversation,” the company said.
The platform said original content could include threads, videos, memes, graphics, illustrations, reporting, analysis, commentary and reactions that add meaningful value to existing conversations.
It said creators who use content produced by others would need to add meaningful commentary, context, analysis, humour or creative transformation for such posts to qualify.
“Building on existing conversations is a core part of X, but simply reposting someone else’s content is not enough,” it said.
X said minor edits such as cropping, filters, borders, watermarks, speed adjustments or simple text overlays would generally not qualify as meaningful transformation on their own.
It also warned that content copied or substantially reproduced from another creator, content downloaded and re-uploaded from X or another platform without being the original author’s, automated content, disinformation and misleading content would be ineligible.
The company said accounts that violate the programme’s requirements could be temporarily or permanently removed from it, depending on the severity of the violation.
It added that creators would be responsible for ensuring they had the necessary rights, permissions or licences to use content created by others.
“Original content is content you personally create that reflects your own voice, perspective, expertise, or creativity,” X said.
The company said the new programme was intended to reward creators who make the platform more valuable by bringing original ideas and perspectives to its conversations.
“The Original Content Rewards Program is designed to reward the creators who start them, shape them, and move them forward,” it said.
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