E-Business
Beware of Deepfakes in the AI Age, Warns Kaspersky

The widespread adoption of artificial intelligence (AI) and machine learning technologies in recent years is providing threat actors with sophisticated new tools to perpetrate their attacks.
One of these are deepfakes which include generated human-like speech or photo and video replicas of people. While the time and effort to create these attacks often outweigh their potential ‘rewards’, Kaspersky warns that companies and consumers across Africa must still be aware that deepfakes will likely become more of a concern in the future.
“The potential for malicious use when it comes to deepfakes is clear,” says Bethwel Opil, Enterprise Client Lead at Kaspersky in Africa. “From blackmailing to perpetrating financial fraud and spreading misinformation via social media, the potential knock-on effects may be significant.
Invariably, cybercriminals are still looking for cheaper and quicker methods to propagate their campaigns.
However, we anticipate an increase in targeted attacks using deepfakes, especially against influential people and high net worth individuals or organisations in the coming years that will justify the time and effort it takes attackers to create deepfakes.”
Kaspersky research has found the availability of deepfake creation tools and services on darknet marketplaces.
These services offer generative AI video creation for a variety of purposes, including fraud, blackmail, and stealing confidential data.
According to the estimates by Kaspersky experts, prices per one minute of a deepfake video can be purchased for as little as $300.
There are also concerns across the continent when it comes to the significant divide around digital literacy amongst Internet users.
According to the recent Kaspersky Business Digitisation Survey¹ 51% of employees surveyed in the Middle East, Turkiye and Africa (META) region said they could tell a deepfake from a real image, however in a test only 25%2 could actually distinguish a real image from an AI-generated one.
This puts organisations at risk given how employees are often the primary targets of phishing and other social engineering attacks.
For example, cybercriminals can create a fake video of a CEO requesting a wire transfer or authorising a payment, which can be used to steal corporate funds. Compromising videos or images of individuals can be created, which can be used to extort money or information from them.
“Despite the technology for creating high-quality deepfakes not being widely available yet, one of the most likely use cases that will come from this is to generate voices in real-time to impersonate someone.
“For example, a finance worker at a multinational firm was recently tricked into transferring $25 million to fraudsters because of deepfake technology posed as the company’s chief financial officer in a video conference call.
“Africa is not immune to this threat and it’s important to remember that deepfakes are a threat not only to businesses, but also to individual users – they spread misinformation, are used for scams, or to impersonate someone without consent – and are a growing cyberthreat to be protected from,” says Bethwel Opil.
E-Business
Transcorp Hotels Delivers Stellar H1 Results, Declares Over ₦1Bn Dividend

Transcorp Hotels Plc has delivered a stellar performance in the first half of 2025, recording a 60% year-on-year surge in revenue to ₦47.57 billion, up from ₦29.72 billion in H1 2024. Gross profit climbed 71% to ₦36.21 billion, maintaining a strong 76% margin despite inflation and operational headwinds.
The hospitality giant, a subsidiary of Transnational Corporation Plc, also announced an interim dividend payout of ₦1.024 billion — offering ₦0.10 per 50 kobo ordinary share to shareholders.
In a bold move, the company unveiled Nigeria’s largest corporate venue — the 5,000-seat Transcorp Centre — staking its claim as the new leader in event hospitality. Chairman Emmanuel Nnorom described the results as proof of Transcorp Hotels’ transformative strategies and unwavering investor commitment. MD/CEO Uzo Oshogwe attributed the success to relentless execution and a resilient business model.
Transcorp Hotels, renowned for iconic assets like Transcorp Hilton Abuja and its digital platform Aura, says it isn’t just leading Nigeria’s hospitality sector — it’s redefining excellence across Africa.
E-Business
Microsoft Servers Hacked by Chinese Groups

Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.
China state-backed Linen Typhoon and Violet Typhoon as well as China-based Storm-2603 were said to have “exploited vulnerabilities” in on-premises SharePoint servers, the kind used by firms, but not in its cloud-based service.
The US tech giant has released security updates in response and has advised all on-premises SharePoint server customers to install them.
“Investigations into other actors also using these exploits are still ongoing,” Microsoft said in a statement.
The firm said it had “high confidence” the hackers would continue to target systems which have not installed its security updates.
It added that it would update its website blog with more information as its investigation continues.
Microsoft said it had observed attacks in which hackers had sent a request to a SharePoint server “enabling the theft of the key material by threat actors”.
Charles Carmakal, chief technology officer at Mandiant Consulting firm, a division of Google Cloud, told reporter, it was “aware of several victims in several different sectors across a number of global geographies”.
Carmakal said it appeared that governments and businesses that use SharePoint on their sites were the primary target.
A number of adversaries who stole material encoded by cryptography were then able to regain ongoing access to the victims’ SharePoint data, he said.
“This was exploited in a very broad way, very opportunistically before a patch was made available. That’s why this is significant,” Carmakal said.
Carmakal said the “China-nexus actor” was deploying techniques similar to previous campaigns associated with Beijing.
Microsoft said Linen Typhoon had “focused on stealing intellectual property, primarily targeting organizations related to government, defence, strategic planning, and human rights” for 13 years.
It added that Violet Typhoon had been “dedicated to espionage”, primarily targeting former government and military staff, non-governmental organizations, think tanks, higher education, the media, the financial sector and the health sector in the US, Europe, and East Asia.
Meanwhile, Storm-2603 was “assessed with medium confidence to be a China-based threat actor”.
E-Business
NIMC Warns Nigerians of Fake NIN Website

National Identity Management Commission (NIMC) has issued a public warning that it is not associated with NINcard.com.
According to the commission, the website has been circulating online to offer services for Nigerians seeking National Identification Number (NIN) services.
NIMC, in a post on its official X account on Wednesday, said, “NINcard.com is not in anyway affiliated to NIMC. Stay vigilant!”
The warning was accompanied by screenshots of fake payment receipts and OTP request pages from the website, both of which were boldly stamped “FAKE” by NIMC to alert the public.
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