E-Business
Cokodeal Targets SMEs to Reduce Cost of Marketing, Staffing
It is imperative to understand the role technology has forced on us all, as we transition from an analogue system of trade to digital, forcing out old methods and creating new ones we have to adapt with.
It was published in the media recently; “Online shopping booms, states and businesses lose revenues”. This is as a result of a progressive shift in the way trade is carried out.
The electronic trade has got us familiar with new terms like e-shop, e-store, storefront and marketplace.
These are terms that represent a virtual setup of ones store on the internet that can be open for trade 24hour with ease of access through mobile phones, apps and desktop using the internet.
In recent times we have seen development that e-companies like Dealdey has brought to the online industry by driving huge volumes of customers to sellers through a discount pricing system, which helps the seller to reach interested individuals with their product offering, saving cost of marketing for small businesses.
Also getting familiar with terms like affiliate, that is more common to sites like Konga and Jumia, they host thousands of small scale businesses that sell hundreds of goods through their platform, which helps to drive sales for the business owners.
In the recent black Friday hosted by the platforms, sales generated by these platforms for business owner were in volumes that wouldn’t have been possible by the brick and mortar physical shops.
Furthermore, marketplace like cokodeal.com that helps manufacturers and exporters’ drive their growth to intra Africa trade, this saves huge advertising cost, by creating market linkage to new emerging markets for manufacturers and local producers in Nigeria.
Cokodeal.com has successfully helped manufacturers link with interested buyers out of the shores of Nigeria, making such businesses capable of more international trade.
As explained by Mr Yusuf Auta, an economist with the Kaduna state Ministry of Budget and planning, states that in spite of the risk associated with online shopping, government could still tap from its huge revenue potentials.
For instance cokodeal.com partnerships with SMEs, exporters and government agencies in helping them to promote locally sourced goods to a global market has huge potential of driving revenues from other countries and boosting the economy of the nation.
In the turn of the table, business owners need not see online trading as a hindrance to their growth instead see it as a means to save marketing, advertising and staffing costs. As their business can now be accessed globally when registered on these platforms for free.
To highlight some of the cost these means of trading saves such businesses; the technical requirement and cost to setup a website, the search engine optimisation that enables easy search of product through the internet, and the ease of communication between buyers and sellers securely has been covered.
All that is required of the business is to register for free and abide by the agreement policy of the platform, upload business and product details and then sales begin to roll in.
This can be achieved in minutes and the opportunities for SME businesses are unending.
It is obvious that innovation and creativity of the online space is taking over and the world is becoming a global village, therefore SME’s must see online market place as the next big space to tap into instead of seeing it as a threat.
If businesses do not take advantage of the huge benefits now, they may be left behind.

E-Business
Sophos Anticipates AI-Based Attack Techniques, Prepares Detections
Sophos, a global leader in innovating and delivering cybersecurity as a service, has released two reports about the use of AI in cybercrime.
The first report—“The Dark Side of AI: Large-Scale Scam Campaigns Made Possible by Generative AI”—demonstrates how, in the future, scammers could leverage technology like ChatGPT to conduct fraud on a massive scale with minimal technical skills.
However, a second report, titled “Cybercriminals Can’t Agree on GPTs,” found that, despite AI’s potential, rather than embracing large language models (LLMs) like ChatGPT, some cybercriminals are skeptical and even concerned about using AI for their attacks.
On the the dark side of AI, using a simple e-commerce template and LLM tools like GPT-4, Sophos X-Ops was able to build a fully functioning website with AI-generated images, audio, and product descriptions, as well as a fake Facebook login and fake checkout page to steal users’ login credentials and credit card details.
The website required minimal technical knowledge to create and operate, and, using the same tool, Sophos X-Ops was able to create hundreds of similar websites in minutes with one button.
“It’s natural—and expected—for criminals to turn to new technology for automation. The original creation of spam emails was a critical step in scamming technology because it changed the scale of the playing field. New AIs are poised to do the same; if an AI technology exists that can create complete, automated threats, people will eventually use it. We have already seen the integration of generative AI elements in classic scams, such as AI-generated text or photographs to lure victims.
“However, part of the reason we conducted this research was to get ahead of the criminals. By creating a system for large-scale fraudulent website generation that is more advanced than the tools criminals are currently using, we have a unique opportunity to analyze and prepare for the threat before it proliferates,” said Ben Gelman, senior data scientist, Sophos.
For its research into attacker attitudes towards AI, Sophos X-Ops examined four prominent dark web forums for LLM-related discussions. While cybercriminals’ AI use appears to be in its early stages, threat actors on the dark web are discussing its potential when it comes to social engineering. Sophos X-Ops has already witnessed the use of AI in romance-based, crypto scams.
In addition, Sophos X-Ops found that the majority of posts were related to compromised ChatGPT accounts for sale and “jailbreaks”—ways to circumvent the protections built into LLMs, so cybercriminals can abuse them for malicious purposes. Sophos X-Ops also found ten ChatGPT-derivatives that the creators claimed could be used to launch cyber-attacks and develop malware. However, threat actors had mixed reactions to these derivatives and other malicious applications of LLMs, with many criminals expressing concern that the creators of the ChatGPT imitators were trying to scam them.
“While there’s been significant concern about the abuse of AI and LLMs by cybercriminals since the release of ChatGPT, our research has found that, so far, threat actors are more skeptical than enthused. Across two of the four forums on the dark web we examined, we only found 100 posts on AI. Compare that to cryptocurrency where we found 1,000 posts for the same period.
“We did see some cybercriminals attempting to create malware or attack tools using LLMs, but the results were rudimentary and often met with skepticism from other users. In one case, a threat actor, eager to showcase the potential of ChatGPT inadvertently revealed significant information about his real identity. We even found numerous ‘thought pieces’ about the potential negative effects of AI on society and the ethical implications of its use. In other words, at least for now, it seems that cybercriminals are having the same debates about LLMs as the rest of us,” said Christopher Budd, director, X-Ops research, Sophos.
E-Business
47% of Companies in the META Region Plan to Outsource Cybersecurity
Company bosses are boosting their cybersecurity following an alarming increase in cyberattacks, a new study commissioned by Kaspersky has found.
The data shows that 78% of companies in the Middle East, Turkiye and Africa region suffered at least one cyber incident over the last two years. One of the main reasons cited was the shortage of qualified IT security staff (23%).
Among measures to strengthen cybersecurity, overall up to 47% of respondents claimed that their companies plan to invest in different forms of outsourcing cybersecurity in the next 12 to 18 months.
Kaspersky conducted a study to learn the opinions of IT security professionals working for SMEs and corporations worldwide regarding the impact people have on cybersecurity in a company.
The survey gathered information about various groups of people who influence cybersecurity, looking at both internal staff, and external actors. It also analysed levels and types of online safety company bosses believed warranted investment.
In the META region, more than three quarters (78%) of respondents reported that their company had experienced cybersecurity incidents within the last two years, with 83% of these judged as ‘serious’. Some said the main reasons for cyber incidents occurring in their company were a lack of necessary tools for threat detection (31%) and a shortage of internal IT security staff (23%).
The respondents indicated that a variety of measures would be appropriate to address the gaps in cybersecurity. Specifically, 24% said they would like to see more external specialists brought in.
One quarter of organisations (25%) plan to invest in third-party professional services, and as many as 32% of respondents are aiming to outsource their cybersecurity to MSP/MSSP (Managed Service Providers/Managed Security Service Provider).
The most likely industries to invest in third-party services in the near future are critical infrastructure, energy and oil & gas companies.
At the same time, many organisations plan to invest in automating their cybersecurity processes. In the next 12 months almost half of businesses in the META region (51%) have concrete plans to implement software that automatically manages their cybersecurity, while 19% are discussing the subject.
“The automation and outsourcing of cybersecurity tasks are major areas that organisations are struggling with because of a lack of experts and alert fatigue. Turning to external experts, — whether it’s outsourcing, to manage the whole cybersecurity system, or adopting expert-level services to assist the IT Security department — is the optimal solution for many.
“Cybersecurity vendors, Managed Service Providers, Managed Security Service Providers are the companies that have relevant expertise, all the necessary tools, and can manage cybersecurity effectively for customers of any size.
“Additionally, they can provide the customer with various options, such as Managed Detection and Response services, where SOC experts continuously carry out monitoring, or assistance in case of emergency like investigating a particular incident. Automation tools provided by cybersecurity vendors is another way an organisation can strengthen its cybersecurity.
“For example, our XDR and MDR has out-of-the-box automation through investigation and response playbooks and embedded AI, enabling clients and partners to significantly automate their information security processes.
“With all possible options provided by experts, each company can determine the scope of services that are needed, based on cybersecurity gaps or desired development trajectory,” comments Ivan Vassunov, VP, Corporate Products at Kaspersky.
E-Business
Yiaga Asks INEC t Consider ID Cards, Passports for Voter Identification
Yiaga Africa, a non-profit civic hub of change makers has again asked Independent National Electoral Commission (INEC) to consider legislative changes that would make it possible to accept the national digital ID as well as biometric passports as credentials for ID verification.
At a recent workshop, the organization has also encouraged INEC to make online voter registration a permanent feature and to improve on the functionality of the portal to allow for the remote collection of biometrics.
In the last voter registration cycle, online enrolment was highly encouraged but the capture of biometrics was done only at INEC’s physical offices.
Instead of printing PVCs, Yiaga Africa has advised that INEC should make it downloadable from its portal upon registration, or issue it as a printed document at polling stations at the time of voting.
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