E-Business
MoDiTECH 2019 Focuses on the Power of Digital Services

Today, it’s just hard to predict exactly the next disruptions in the technology ecosystem and trends that will transform human lives more so as these powerful disruptions are dismantling the entire industries and creating new frontiers.
Disruptive Technologies such as Mobile Internet, Automation of Knowledge and Work, Internet of Things (IoT), Cloud Technology, Advanced Robotics, Autonomous and Near-Autonomous Vehicles, Next-Generation Genomics, Energy Storage, 3D Printing, Advanced Materials, Advanced Oil and Gas Exploration and Recovery, Renewables and are improving the quality of life for people and redefining business models such as Agritech, e-Billing, e-Commerce, e-Governance, e-Payments, transportation, smart city, etc.
Therefore, the maiden edition of Mobile and Disruptive Technology Forum 2019 (ModiTECH’19: www.Next.TechEconomy.ng), being organised by TechEconomy.ng in collaboration with Nigeria CommunicationsWeek, is a platform for inter-sectorial review of economic impacts of these technologies; giving particular attention to the disruptive potentials of emerging technologies such as the Artificial Intelligence, Machine Learning, Data Analytics, Robotics, FinTechs and mobile phone economy around retail and service provision.
MoDiTECH’9 which holds in Lagos on October 24, 2019 has as the theme: “The Power of Digital Services”.
The Minister of Communications, Dr. Isa Ibrahim Pantami is the special guest of honour. Other special invitees expected at the Forum are the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta; the Director General of the National Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi; the President, African ICT Foundation (AfICTF), Mr Tony Ojobo; the Chairman, Connect Technologies & Africa Chair for IEEE, Chris Uwaje (Oracle), while the Founder, CWG Plc; Entrepreneur in Residence, Ausso Leadership Academy, Austin Okere is scheduled to present the keynote address.
Other speakers include, the Founder Rise Labs; Nigeria’s First AI powered Learning, Research & Work Readiness Centre, Toyosi Akerele-Ogunsiji; the Chief Technology Strategist, Debbie Mishael Consulting & Board Member Global Advisory Council, EC-Council, Engr. Frank Ogochukwu; the Managing Director of Global Accelerex Limited, Tunde Ogungbade, amongst others.
The Forum is organise in partnership with Global Accelerex and has been endorsed by, ATCON, InnovationBed Africa and ALTON, will feature C-Level executives including CEOs/CFOs/CROs/CCO/CIO; Directors and Heads of trading, operations, research, analytics, investment, strategy, digital, compliance, risk and data analysts; and senior regulators and policymakers; drawn from the FMCGs, Financial Industry including Fintechs, Banks, Insurance Companies, etc., AgriTech, Logistics, Cyber security companies, amongst others.
Speaking on the choice of the theme, the Editor, TechEconomy.ng, Mr. Peter Oluka, said that paradigm shifts obvious panned the world to the inherent advantage facilitated by disruptions in communication (Telecoms), access to this technology is increasing income and Return on Investments (B2C & B2B), improving access to Services such as smart metering, Health (eHealth) and Transportation (Mobility), making Financial Services more convenient (FinTech/Banking), and increasing the GDP (Tax/Revenue) of entire country.
The FinTechs for instance, he said, are simplifying the user journey by leveraging technology and giving millions more people access to financial facilities.
“So what’s the next big thing? Where will the jobs be, and how can companies carve out a competitive advantage in the compelling global economy? 5G is coming. The NCC for instance, has issued spectrum for research on 5G; so that should be the thinking of player in different sectors?
He said that the event promises to make a difference as ground-breaking solutions shall be unveiled along many dimensions of the Forum.
On his part, the Deputy Edito, Nigeria CommunicationsWeek, Mr. Chike Onwuegbuchi, said that MoDiTECH is credible platform to showcase disruptive technologies that even the government can leverage to address societal issues and improve on the economic indexes.
He reiterated thus, “For instance, the volume of data in the world is growing by 60% every year and for financial services in particular, the effective handling of data will be central to future business strategy especially with the unleashing of 5G technologies”.
“So, Mobile and Disruptive Technology Forum (ModiTECH’19), in this maiden edition, aims at pushing for “The Power of Digital Services” by disrupting existing technologies for the advancement of the economy at large”.
He added that the Forum has already attracted attention of senior executives and technology innovators/disruptors from across within and outside the country.
He encouraged interested parties to register via next.techeconomy.ng or contact the organisers via email: [email protected] for sponsorship and exhibition space reservation.
E-Business
Firm Detected a Scam Exploiting OpenAI’s Teamwork Features

Kaspersky has detected a scam tactic leveraging the OpenAI platform. Attackers are abusing OpenAI’s organisation creation and team invitation features to send spam emails from legitimate OpenAI addresses, potentially tricking users into clicking scam links or calling fraudulent phone numbers.

The spam campaign begins with attackers registering an account on the OpenAI platform. During registration, users are prompted to enter an organisation name, which can consist of any combination of symbols. Scammers exploit this by embedding deceptive text and fraudulent links or phone numbers directly into the field for organisation name itself.
Once the “organisation” is created, OpenAI provides an option to “invite your team,” allowing the input of target email addresses of victims. When invitations are sent, they originate from OpenAI’s address, making them appear fully legitimate from a technical standpoint.
Kaspersky detected several types of messages containing email threats sent in such a way. These are scam emails that promote fraudulent offers, such as adult services. Another attack angle is vishing – false notifications claiming a subscription has been renewed for a large sum: attackers instruct recipients to call a provided phone number to “cancel” the charge or take other actions that lead to further compromise. There may also be other email threats spreading via OpenAI platform.
The text that the attackers want the victims to read (highlighted in bold in the email template) is structurally inconsistent with the rest of the email template – which was originally designed to invite project collaborators. But the attackers bet on the fact that the victims would not pay attention.
“This case highlights a vulnerability in how platform features can be weaponised for social engineering email attacks. By embedding deceptive elements in seemingly innocuous fields like organisation names, scammers attempt to bypass traditional email filters and exploit user trust in reputable services.
“We urge all users to verify invitations carefully and avoid clicking embedded links without scrutiny. We also recommend brands to consider whether their online services or platforms could be abused by attackers,” comments Anna Lazaricheva, senior spam analyst at Kaspersky.
E-Business
What the Retail and E-commerce Sector Should Expect in 2026 in Era of AI-driven Shopping and Privacy

In 2025, the retail and e-commerce sector continued to face intense pressure from cybercriminals. According to Kaspersky data, 14,41%* of users in the global retail sector encountered web-based threats, while 22,20% were affected by on-device attacks.

Ransomware remains a serious concern for the industry. Last year, 8,25% of retail and e-commerce companies experienced ransomware incidents, and the number of unique B2B users in the sector affected by ransomware detections rose by 152% compared to 2023, signalling a sharp escalation in targeted attacks.
Phishing also continues to be a major threat vector. Kaspersky identified 6.7 million phishing attacks targeting users of online stores, delivery services, and payment systems in 2025. More than half of these attacks (50,58%) were aimed specifically at online stores, underscoring cybercriminals’ focus on e-commerce platforms as high-value targets for fraud and data theft.
A look at 2025 cybersecurity for retail & e-commerce: Trends and what happened
A stealer with a taste for pizza delivery. Shopping and food ordering via mobile apps are routine user behaviours. However, 2025 demonstrated that even downloading a seemingly legitimate app from an official app store does not guarantee safety, nor does it ensure that user data and financial credentials will not be compromised.
Ransomware detections in the B2B sector increased due to a single dominant actor. The number of unique users in the Retail & E-commerce sector who encountered ransomware detections increased by 152% in 2025 compared to 2023 (Nov 2024 – Oct 2025 vs. Nov 2022 – Oct 2023).
The most significant growth occurred during the 2024-2025 period and is largely attributable to the rapid spread of the Trojan-Ransom.Win32. Dcryptor family, which became highly prevalent across the retail and e-commerce sector in some of the analysed markets. This malware is a trojanised ransomware variant that leverages the legitimate DiskCryptor utility to encrypt disk partitions on victim systems.
Phishing activity in the online retail segment stood out. Despite being a long-established attack technique, phishing remains highly prevalent in the context of online purchasing.
From November 2024 through to October 2025, Kaspersky products blocked 6,651,955 attempts to access phishing links targeting users of online stores, payment systems, and delivery services. Of these attempts, 50.58% targeted online shoppers, 27.3% impersonated payment systems, and 22.12% targeted users of delivery companies.
Sales seasons continue to do the work for attackers. Seasonal peaks in online shopping consistently provide attackers with predictable opportunities to scale user-focused attacks.
Periods of heightened promotional activity lower user vigilance and allow familiar phishing and spam scenarios to blend into legitimate marketing traffic, increasing their overall effectiveness.
Predictions: What retail & e-commerce cybersecurity might face in 2026
Chatbots are likely to become a common product discovery tool across online marketplaces. Unlike traditional search, conversational interfaces encourage users to share more detailed, natural-language requests, revealing preferences, constraints, and contextual information.
This shift expands the privacy attack surface, as platforms accumulate richer user profiles through chat interactions. As a result, chatbot logs may become as sensitive as transactional data, increasing the risks of over-collection, misuse, or exposure of personal information.
“Search itself is changing, including how people look for products online. In 2025, there was a gradual shift from simple keyword queries to more conversational and visual ways of finding what to buy. As these models rely on broader user input, careful handling of the data involved will remain an important consideration for maintaining user trust,” comments Anna Larkina, Web data and privacy analysis expert at Kaspersky.
Changes in taxes and trade rules might be exploited in online fraud. Modifications in taxes, import duties, and cross-border trade rules are likely to be used as lures in phishing campaigns and fraudulent online stores, promoting unrealistically cheap offers or claims of avoided fees.
As pricing and fee rules continue to evolve across markets, it may lower vigilance, increasing the effectiveness of such schemes, particularly against small and mid-sized retailers.
AI-powered shopping assistants are expected to increasingly operate outside retail platforms, embedding themselves into browsers, mobile apps, and third-party services. While designed to simplify navigation and price discovery, these tools shift data collection beyond the retailer’s perimeter, creating new and less visible privacy risks.
To function effectively, external AI shopping agents require continuous access to user behaviour, including browsing activity, search intent, location context and product interactions across multiple sites.
This enables the aggregation of detailed behavioural profiles outside the direct control of both users and retail platforms, increasing the risks of over-collection, opaque data usage, and unintended exposure.
Image-based product search might become a new challenge in privacy risks. Previously, the main privacy concern around user images in e-commerce was limited to photos voluntarily shared in product reviews.
However, image-based product search is expected to make photo uploads a routine part of the shopping experience across major retail platforms. While this feature improves product discovery, it also increases the risk of unintended exposure of personal data.
User-submitted images may contain faces, home environments, or sensitive details, such as names, phone numbers, or addresses visible on shipping labels or packaging, making secure processing, data minimisation, and limited retention critical requirements for retailers.
E-Business
Elon Musk Seeks $134Bn from OpenAI, Microsoft for ‘Wrongful Gains’

Elon Musk, billionaire Tesla owner, has asked a United States (US) federal court to award him up to $134 billion in damages from OpenAI and Microsoft, stating that the companies earned “wrongful gains” from his early support of the artificial intelligence startup.

Elon Musk,
This is according to a court filing, reported by Reuters.
In filings ahead of a trial expected to start in April in Oakland, California, Musk stated that OpenAI benefited between $65.5 billion and $109.4 billion from his contributions when he helped co-found the organisation in 2015, and Microsoft gained between $13.3 billion and $25.1 billion through its involvement.
He has asked a United States (US) federal court to award him up to $134 billion in damages from OpenAI and Microsoft, stating that the companies earned “wrongful gains” from his early support of the artificial intelligence startup.
This is according to a court filing, reported by Reuters.
In filings ahead of a trial expected to start in April in Oakland, California, Musk stated that OpenAI benefited between $65.5 billion and $109.4 billion from his contributions when he helped co-found the organisation in 2015, and Microsoft gained between $13.3 billion and $25.1 billion through its involvement.
Musk’s legal team argues that his early financial and strategic contributions, including approximately $38 million in seed funding, the recruitment of key personnel, and assistance in connecting founders with contacts, laid the foundation for the later success of OpenAI and Microsoft’s commercial AI efforts.
“Without Elon Musk, there’d be no OpenAI. He provided the bulk of the seed funding, lent his reputation, and taught them all he knew about scaling a business. A pre-eminent expert quantified the value of that,” Musk’s lead trial lawyer Steven Molo told Reuters.
“Just as an early investor in a startup company may realise gains many orders of magnitude greater than the investor’s initial investment, the wrongful gains that OpenAI and Microsoft have earned—and which Mr Musk is now entitled to disgorge—are much larger than Mr Musk’s initial contributions,” the filing said.
Musk, who left OpenAI’s board in 2018 and now leads AI company xAI, alleges that OpenAI violated its founding non-profit mission when it restructured to include a for-profit arm tied to Microsoft’s investment and commercial strategy.
Meanwhile, OpenAI has labelled the lawsuit “baseless” and part of a “harassment campaign” by Musk, and Microsoft’s legal team has said there is no evidence the company “aided and abetted” OpenAI in any wrongdoing.
Both companies have asked the judge to limit what Musk’s expert witness may present at trial, arguing that the damages calculations are unreliable and could mislead a jury.
According to Reuters, Musk’s filing says he may pursue punitive damages and other penalties, including a possible injunction, if the jury finds the companies liable, though it did not specify what form any injunction would take.
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