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E-Business

Dimension Data Says Remote IT Network Monitoring, Automated Management Save 75% in Trouble Shooting

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New data published in Dimension Data’s annual ¹Network Barometer Report has revealed that remote monitoring and automated management reduce the time to troubleshoot faulty networking devices by a massive 75%.

Consequently, it takes 32% less time to repair such devices than those not managed in this way.

Furthermore, this year’s research again shows a strong correlation between the failures caused by devices and their lifecycle stage.

According to the Report, networks have continued to age for the fifth consecutive year, making 53% of the over 70,000 technology devices that were analysed either ageing or obsolete – up by two percentage points since last year.

There’s also been a slight drop in the percentage of obsolete devices – down to 9% from last year’s 11% – while the percentage of ageing devices has increased by four points. The percentage of the current devices analysed is at its lowest in three years.

The research looked at corporate networks in organisations of all sizes and all industry sectors across 28 countries.

Andre van Schalkwyk, Consulting Practice Manager for Dimension Data’s Networking Business Unit said, “During the seven-year history of the Network Barometer Report, the average tolerance level for organisation’s obsolete devices in their networks has been around 10%. Rarely do organisations allow this to increase beyond 11% before they refresh the relevant devices.

The conventional assumption was that an overall technology refresh was imminent, but our data shows that organisations are refreshing mostly obsolete devices, and are clearly willing to sweat their aging devices for longer than expected. Organisations therefore focus their refresh initiatives mostly on technology that has reached critical lifecycle stages when vendor support is no longer available,” explained van Schalkwyk.

Based on its experience in evaluating organisations’ operational support maturity, Dimension Data says that on a scale of five, some 90% of organisations are still at the first or second level of maturity.

These levels are characterised by a lack of standard processes, ad hoc troubleshooting tools, and ambiguous roles and responsibilities for IT staff, resulting in extended network downtime and increased operational costs. This is also the reason why 30% of all service incidents are still related to human error.

Van Schalkwyk pointed out that mature monitoring, support, and maintenance processes allow for a higher tolerance for ageing devices in the network. This proves the viability of managing an older network overall. “That’s provided there’s sufficient visibility of the lifecycle status of all devices, an understanding of their risk profile depending on their criticality to the infrastructure as a whole, and the proactive management of that risk. Overall, we’re seeing a growing need for more effective day-to-day network management across all corporate networks.”

Other key highlights in the 2015 Network Barometer Report include:
•    There’s been a slight improvement in the security status of networks this year: the percentage of devices with at least one vulnerability is down to 60% from 74% last year. This change is attributable to the trend seen in organisations refreshing obsolete devices which have more identified vulnerabilities because of their age. Replacing them would lead to fewer vulnerabilities in the network overall.
•    Despite the general tendency to sweat assets, organisations are slowly expanding the wireless capabilities of their networks. However, 74% of the wireless access points are still older models that don’t support a solid mobility strategy. In addition, the majority of devices are not IPv6-capable yet, many of which require a simple software upgrade to be so. Combined, these factors point to organisations not giving the impact of enterprise mobility, collaboration, and the Internet of Things on the network due strategic consideration yet.


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E-Business

Global Crypto Heists Surge to $2.1Bn in H1 2025 as Digital Assets is Weaponised

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In a sobering revelation of the evolving threat landscape facing the digital asset ecosystem, blockchain intelligence firm TRM Labs has disclosed that over $2.1 billion worth of cryptocurrency was stolen in the first half of 2025 alone, spanning at least 75 high-profile hacks and exploits.

Global Crypto Heists Surge to $2.1Bn in H1 2025 as Digital Assets is Weaponised

This staggering figure marks a 10 per cent surge over the previous first-half record set in 2022 and nearly eclipses the total stolen in all of 2024.

But beyond the monetary scale, the report reveals a deeper concern: a growing trend of state-sponsored cyber aggression weaponising  crypto assets for strategic and geopolitical purposes.

The most devastating breach to date occurred in February when Dubai-based exchange Bybit lost $1.5 billion—the largest  crypto heist in history.

TRM Labs attributes the attack to North Korean state actors, noting that the incident alone accounted for nearly 70 percent of total losses during the period and doubled the average hack size to $30 million.

“The Bybit hack redefined the threat landscape,” the report stated.

“It exemplifies how digital asset theft has transcended criminal opportunism and morphed into a tool of statecraft.”

Indeed, North Korea-linked entities were responsible for an estimated $1.6 billion of the total stolen, further entrenching Pyongyang’s status as the most prolific nation-state threat actor in the crypto sphere.

Yet the menace is diversifying. On June 18, Iranian crypto exchange Nobitex was breached for over $90 million by a group reportedly linked to Israel, Gonjeshke Darande (Predatory Sparrow).

Unusually, the stolen funds were routed to unusable vanity addresses, underscoring symbolic and political motives rather than financial gain.

TRM Labs flagged this as a “disturbing shift,” with digital asset theft increasingly deployed as a weapon in asymmetric geopolitical conflict.

The report also found that more than 80 percent of losses stemmed from infrastructure breaches, including private key theft, seed phrase leaks, and front-end compromises— attacks typically ten times costlier than other vectors.

Meanwhile, DeFi exploits such as flash loan manipulations accounted for 12 percent of losses, reflecting persistent smart contract vulnerabilities despite years of scrutiny.

As digital currencies become enmeshed in global rivalries, TRM Labs warns that conventional cybersecurity approaches are now inadequate.

“Massive breaches, often tied to nation-state operations, require a new defence paradigm,” the firm asserted, urging industrywide adoption of advanced safeguards and cross-border collaboration among regulators and law enforcement.


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E-Business

CAC Launches AI-powered Business Registration Portal

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Corporate Affairs Commission (CAC) has inaugurated the pilot take-off of its new Artificial Intelligence (AI)-powered registration portal.

CAC Launches AI-powered Business Registration Portal

A statement issued by the commission explained that Malam Hussaini Magaji, registrar-general of the CAC, made the announcement during the 2025 Stakeholders Forum in Port Harcourt.

According to him, “the initiative is a major milestone in Nigeria’s business facilitation drive.”

The Registrar further explained that the upgraded portal marks a complete overhaul of the Company Registration Portal (CRP), saying that it comes with advanced features designed to simplify and speed up business registration.

The new system, according to him, allows for instant name reservation approvals, likening the ease to creating an email account, and stressing that the AI-powered platform could suggest available alternatives to business names and approve them immediately.

Another innovation, he stated, is the ability to register a business using only the National Identification Number (NIN) of a director or proprietor, pointing out that there is an ambitious target of completing business registration and certificate generation within 30 minutes, subject to real-time NIN validation.


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Bitget Launches Institutional Services to Empower Fintech Innovation

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Bitget has launched its institutional services in Nigeria, offering fintech companies a robust platform to build innovative solutions on top of Bitget’s suite of institutional-grade offerings.

Gracy Chen, CEO, Bitget, in a statement said, “Our goal is to empower Nigerian businesses to innovate and leverage blockchain for wealth creation opportunities, hence, the institutional services empower fintech leaders with tailored solutions, as the offerings designed to cater for the unique operational needs of institutional clients, enabling businesses to embed trading functionalities like spot and futures markets, wallet management, and more, directly into their platforms.

“The Key services include White-label Broker Services which enabled Fintech companies to deploy customized crypto exchanges using Bitget’s infrastructure while managing branding and users independently. There is also API Solutions that can make the Developers to integrate trading functionality via APIs for spot, margin, and derivatives markets, ensuring fast execution and seamless experiences for end users.”

Chen added, “The ND Broker Model provides clients with complete autonomy over user-facing platforms, offering exclusive front-end flexibility while relying on Bitget for back-end market liquidity. Clients are able to employ Protection Fund and Proof of Reserves of over $600million secured in the Bitget Protection Fund and real-time Proof of Reserves, which gives clients assurance of maximum transparency and security.”

 


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