Connect with us

E-Business

MEA Security Appliance Market Records Growth in 2Q 2013

Published

on

Faysal Ayoubi, a research analyst at IDC Middle East, Africa, and Turkey
Kindly share this post

International Data Corporation (IDC) in its EMEA Quarterly Security Appliance Tracker has revealed that customer revenues were up 13.8% on Q2 2012 to total $83.52 million, while shipments increased 10.8% over the same period to reach 18,540 units.

Commenting on the market’s developments, Faysal Ayoubi, a research analyst at IDC Middle East, Africa, and Turkey, said that security will continue to be a priority across all technology segments for small and medium-sized businesses (SMBs): “Security will be one of the most significant emerging segments of the IT sector over the next couple of years, due to sizeable impending investments from businesses looking to secure their computing environments. With this in mind, vendors are offering efficient means to assure that threats are blocked at each level courtesy of their security products.”

“The growth of the security appliances market is also heavily influenced by the evolution of new threats,” Ayoubi continues.

“Moreover, the increased adoption of virtualization within the region’s SMB segment has driven an increase in interest in security solutions that specifically target virtual environments.

“Currently, large businesses in the region tend to adopt best-of-breed security appliances such as intrusion prevention systems (IPS) and content management features, whereas SMBs prefer to install unified solutions such as unified threat management (UTM), which accounted for around 45% of MEA end-user market revenue in Q2 2013.

In line with the current market trends toward converged network infrastructures and simplified IT architectures, demand for UTM solutions is expected to continue growing over the next five years.

“The market’s increasing inclination for UTM solutions means the uptake of standalone VPN devices and intrusion detection systems (IDS) is expected to remain at a minimal level over the coming years and will primarily be restricted to long-planned refresh cycles,” added  Ayoubi.

Cisco continued to lead the overall MEA security appliance market in Q2 2013, despite seeing its share of customer revenue fall by 4 percentage points year on year to 18.4%.

Fortinet secured second spot with 15.1% share of total sales; the vendor recorded double-digit growth for the third quarter running, increasing its customer revenue by 28.2% year on year.

Other vendors such as Cyberoram, Palo Alto Netwokrs,  Baraccuda, Websense, and Netasq also showed significant growth during the quarter.

“Increasing competition in the market, as well as an anticipated consolidation trend among the market’s players, is causing vendor focus to shift toward firewalls and security solutions that specifically address the bring-your-own-device (BYOD) phenomenon,” said Ayoubi.

“This shift in strategy is primarily aimed at staving off competition while increasing profitability and market share.”


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

E-Business

Firm Spots Rising Scam Activity Around the 2026 World Cup, from Bogus Tickets to $500,000 “grant” Emails

Published

on

Kindly share this post

Millions of football fans around the world are gearing up for the World Cup, and cybercriminals are seizing the moment to exploit the heightened interest.

Experts at Kaspersky have uncovered various types of scams that mimic official tournament resources or leverage the event for unsafe purposes, putting users’ data and finances at significant risk.

On one of the fraudulent websites discovered, users are offered the option to buy tickets for FIFA World Cup matches, with payments accepted in almost any currency.

However, after completing the fake registration and payment steps, users risk not only losing money from their bank cards but also exposing sensitive personal data to attackers.

The site uses the official colour scheme of the 2026 tournament to mislead users. In addition, the scammers offer ways to contact them, either directly on the site or via messaging apps.

Another website offers users the chance to purchase “official merchandise” for the 2026 tournament, featuring images of mascot plush toys and T-shirts, with a wide selection available for “purchase.” To make the offer more enticing, the site highlights steep discounts. Additionally, to appear more credible, the scammers have added a “Trusted store” badge at the bottom of the page, along with a registration form that requests personal and banking details.

Another attack scenario involves fraudulent email campaigns, in which attackers attempt to trick users into sending money or click a phishing link. To increase the chances of engagement, the emails feature compelling subject lines and persuasive messaging.

In one of the examples identified, fans received emails allegedly sent by official representatives of the event regarding a fake decision from a dispute resolution chamber. The link provided in the email leads to a phishing page.

In some cases, users are targeted with scam emails claiming they have “won” a $500,000 grant to cover tickets, flights, and accommodation, followed by instructions to contact the sender to claim the “prize” funds. Kaspersky also reports email spam and unsolicited ads related to the sale of competition-themed merchandise and souvenirs, some of them might turn out to be a scam.

“Unfortunately, major sporting events that attract large audiences are never overlooked by scammers. Seemingly harmless or even appealing emails can often conceal not only dangerous links and malicious attachments.

In some cases, careless interaction with such messages can lead to serious device infections. We recommend that users ignore any suspicious emails and websites to protect their financial assets and keep their devices and personal data secure,” says Anna Lazaricheva, senior spam analyst at Kaspersky.


Kindly share this post
Continue Reading

E-Business

NDPC Warns of Offshore Data Risks as 90 Percent of Country’s Data is Hosted Abroad

Published

on

Kindly share this post

Nigeria Data Protection Commission (NDPC) has raised concerns over data sovereignty, national security as well as loss of economic value, as over 90 per cent of Nigeria’s data is hosted abroad.

NDPC Warns of Offshore Data Risks as 90 Percent of Country’s Data is Hosted Abroad

Pic credit…247digitize.com

Vincent Olatunji, national commissioner/CEO, NDPC, stressed the importance of safeguarding Nigeria’s digital economy through strong data protection and privacy frameworks.

He spoke while while delivering a keynote address at the IoT West Africa Conference, where he stated that the trend poses significant risks to Nigeria’s control over its digital assets.

He further described the situation as precarious for the nation’s sovereignty, and called for urgent investment in local data infrastructure.

Olatunji, highlighted data sovereignty, the growing role of data centres, and regulatory expectations under the Nigeria Data Protection Act, 2023, noting both the benefits of compliance and the risks of non-compliance. Olatunji underscored that data centres are now critical infrastructure for Nigeria’s digital transformation.

While decrying that over 90 percent of the Nigeria’s data is hosted abroad which is precarious for the nation’s sovereignty he encouraged for more investment in the sector as it is projected to reach $1.9 billion by 2031.

Also speaking, Kashifu Inuwa, the director-general of the National Information Technology Development Agency (NITDA), said policy is emerging as the key driver of Nigeria’s digital transformation, particularly in shaping the development of the Lagos-Abuja digital corridor.

“While infrastructure responds to demand, policy creates the enabling environment for sustainable growth,”

Inuwa who was represented by Aristotle Onumo, director, stakeholders management and partnership at the IoT West Africa Conference in Lagos, on the theme “The Lagos-Abuja Digital Corridor: Building Africa’s Next Data Centre and Cloud Hub.”

Inuwa emphasised that while infrastructure responds to demand, policy remains the critical driver that creates an enabling environment for sustainable digital growth.

He explained that Nigeria’s broadband policy, which stipulates minimum speeds of 10 Mbps for rural areas and 25 Mbps for urban centres, provides a strategic framework for prioritising infrastructure deployment along the Lagos-Abuja digital corridor.

He cautioned, however, that without deliberate collaboration and partnership between government, the private sector, and civil society, widespread infrastructure rollout would remain challenging. “Collaboration is the pathway that massifies impact, while partnership harnesses collective intelligence. No one can achieve this in isolation,” he said.

Inuwa also spoke on the Nigerian Sovereign Cloud Project; a flagship initiative aimed at strengthening indigenous cloud service providers and preventing the dominance of Nigeria’s digital infrastructure by foreign hyperscale operators.

By scaling local infrastructure to meet global standards, the project seeks to domesticate data hosting, reduce operational costs, and improve access to cloud services across the country.


Kindly share this post
Continue Reading

E-Business

Opay Plans IPO in US, Targets $4Bn in Valuation

Published

on

Kindly share this post

Opay, a financial technology (fintech) firm, is working with Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. for an initial public offering (IPO).

Opay Plans IPO in US, Targets $4Bn in Valuation

According to a report by Bloomberg on Friday,  sources said the platform, backed by SoftBank Group Corp., is considering a listing in the United States and is targeting a valuation of about $4 billion.

They added that the company could proceed with the share sale later this year, although the timing and size of the offering are yet to be finalised.

Opay is one of Africa’s fastest-growing fintech firms, offering mobile payments, transfers, and other financial services across Nigeria.

Advertisement

The fintech company, Citi, Deutsche Bank, and JPMorgan have not publicly commented on the IPO plans.

Like Opay, Flutterwave, a major fintech company in Africa is planning an IPO.

 


Kindly share this post
Continue Reading

Trending