Connect with us

News

Experts Blame Cyber Crime on Domain Hoisting

Published

on

Kindly share this post

Information and Communications Technology experts have blamed the rising online fraud in the country on hoisting of websites by government and private organizations in domains outside the country’s top level domain (CTLD) .ng and absence of absence of standardization and certification scheme for official communications by government officials.

They observed that, though, IT infrastructures have their own vulnerabilities which open new vistas for criminal tendencies as well as increasing reliance of critical infrastructures on IT, solutions needed to be proffered in order to reduce the associated risk of cyber crime and criminality.

Activities of cyber criminals, according to them, affects the national image of the country in a very serious and negative fashion leading to her being labeled in the comity of nations as a criminal nation until the current efforts by the EFCC and other agencies established by government to fight crime and criminality.

These were the views of the industry players who spoke at the just concluded 1st National Conference on Cybercrime and Cybersecurity organized by Global Network Cybercrime Solution in conjunction with the Federal Ministry of Justice, National Information Technology Development Agency (Nitda) and Indian-Ghana Kofi Annan Centre for Excellence in ICT, Accra, Ghana.

Dr. Alhassan Bako Zaku, Minister of State, Federal Ministry of Science and Technology, in his paper title "National Digital Security: Engaging the Challenges of Digital Criminality and the Future of Nigeria – The Role of Federal Government", admitted that cyber criminals have indeed exploited the anonymity and global reach of the internet to launch series of attacks and threats, but harmful as well as illegal content on the internet and even perform reconnaissance for physical attack and other forms of crime.

He reiterated his ministry’s commitment to continue to partner with organized private sector on initiatives aimed at fighting cyber crime as well as boosting the image of the country with a view to attesting to the government readiness to play its role as the catalyst of development in the ICT sector.

Earlier, in his welcome address, Dr. Chris Uwaje, president, Global Network Cybersolutions, assured that his organization will continue to champion and lead the national cyber security crusade with an unparalleled passion.

Uwaje said it has become imperative for the sector to evolve conscious commitment to political will to declare cyber crime and cyber security as national emergency, noting that provision and allocation of commensurate resources to build the critical mass of required infrastructure and manpower, especially in core IT forensic technology, remains the key imperatives to leapfrog Nigeria unto the comity of first class nations of the 21st century.

In his remarks, Prof. Raymond Akwule, profession of ICT, George Mason University, Virginia, USA, said a concerted effort to spread the awareness of cyber crime and security as challenge under the current dispensation is sacrosanct.

He recalled that in the last 10 years, the nation have witnessed increasing rate of crimes on the internet, especially in the areas of buying and selling of pirated goods, identity theft, intellectual property thefts, bank frauds, hacking, cyber terrorism, among others.

Ms. Dorothy Gordon, representative of India-Ghana Kofi Annan Centre for Excellence in ICT, noted that the level of ICT revolution in Africa and what is envisaged for the near future will effectively inform the change in direction as far as the pace of cyber crime is concerned.


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Comments

News

Inlaks CEO, Femi Adeoti, Wins Top CEOs & Next Bulls Award

Published

on

Kindly share this post

Femi Adeoti, managing director and CEO, Inlaks, Africa’s foremost Information Technology and Infrastructure solutions provider in West Africa, has been announced as a winner of the 2020 Top CEOs & Next Bulls Awards organised by Business Day Media Limited in collaboration with the Nigerian Stock Exchange (NSE).

The MD/CEO whilst receiving the award dedicated it to the management and staff of Inlaks for their relentless service even during these trying times.

He also appreciated the board of the organization that drove changes within the organisation particularly in the pandemic which led to the company being recognized and the customers who have continued to support Inlaks while being ambassadors of all Inlaks’ solutions.

The CEO and Next Bulls awards, the sixth in its series, recognizes the CEOs of listed companies creating competitive shareholder value through sound strategy, disciplined execution and world class governance. In addition, it celebrates chief executives of quoted companies that have demonstrated the most impressive gains in both share price and service delivery.

Themed “Advancing Against all Odds,” this year’s award particularly recognised businesses that have been thriving in spite of the global harsh economic realities.

According to the organisers of the award, the indomitable Next Bulls are the CEOs raging forward at a time when many businesses are choosing to retreat, thus acknowledging Adeoti’s good leadership in the area of corporate governance, innovation and service delivery.

The CEOs award celebrates the CEOs of successful, privately-owned indigenous companies built by Nigerians, led by Nigerians and poised to lead their categories on the continent.

Established in 1982, Inlaks is Africa’s leading Information Technology systems integrator with presence in Nigeria, Ghana, Kenya, Gambia, Sierra Leone, Guinea, Liberia and Cameroon. As solutions provider, it offers core banking, agency banking, fraud management, cyber-security, cloud, data centre, enterprise risk management and software solutions.

Part of the criteria for selecting winners of this year’s awards held virtually on September 5, are stock price appreciation, Profit After Tax (PAT) growth, an unblemished regulatory compliance record, and positive marketplace reputation among customers in the period under review.

Winners are also selected based on significant interest shown by active and informed investors on the Nigerian Stock Exchange to invest in their stock should their boards ever decide to take them public.


Kindly share this post
Continue Reading

News

Transcorp Hotels Hard Hit by COVID-19, Mulls Restructuring

Published

on

Kindly share this post

The novel COVID-19 pandemic has caused the African Hotel and Tourism industry to lose over $50bn in revenue.

Transcorp Hotels Hard Hit by COVID-19, Mulls Restructuring

Dupe Olusola, MD, Transcorp Hotels

Amidst this, Transcorp Hotels Plc has suffered unprecedented losses and is looking to restructure the business strategy of its hotels and optimize its operations.

The management of Transcorp Hotels Plc has announced that it will be taking steps to ensure business continuity in the wake of the losses recorded due to the COVID-19 pandemic.

To this end, the hotelier is diversifying its portfolio and reducing its workforce as part of its cost management initiatives.

Mrs Dupe Olusola, managing director, Transcorp Hotels Plc, disclosed this during a Press Conference on Thursday saying “The impact of COVID-19 on the business is like nothing the company has ever witnessed. The hotel and hospitality industry in Nigeria has never faced a crisis that brought travel to a standstill, including the Ebola Virus Outbreak of 2014 and the recession of 2015. The slow pick up of international travel, restriction on large gatherings, the switch to virtual meetings and fear of the virus, has drastically reduced demand for our hotels and occupancy levels to its lowest of less than 5%.”

According to her “Despite the losses incurred we have fulfilled our obligations to staff. At the inception of the pandemic, we maintained a 100% salary payment to our over 900 employees in March and April. We also activated various cost-saving initiatives such as renegotiations of service contracts and restructuring of our loans. We suspended further commitment to buy fixed assets and operating equipment as well as reducing our energy consumption and maintenance costs. Despite undertaking these, it has become apparent that more fundamental changes need to be made for the business to survive. To this end, our workforce headcount will be reduced by at least 40%, and our reward system will be optimized.”

Mrs Olusola further disclosed that negotiations are ongoing to ensure that our colleagues who will be impacted are adequately compensated given the peculiarities of the economy at this time.

A health insurance package to reduce their health burden costs, especially during the pandemic, amongst other payment settlements, will be activated.

Equally, all Executives of Transcorp Hilton Abuja have now taken a pay cut.

As one of the leading hospitality brands in Africa, Transcorp Hotels Plc has stated its commitment to uphold service standards and ensure that all guests continue to experience the warmth and hospitality that it is known for.


Kindly share this post
Continue Reading

News

LCCI Announces Date for Virtual Edition of ICTEL Expo

Published

on

Kindly share this post

The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organised private sector (OPS) in Nigeria, is set to host the 6th edition of the Information, Communication, Technology and Telecommunications (ICTEL) Expo.

The tech event is scheduled to take place virtually on Tuesday 22ndand Wednesday 23rd September at 9am daily. To this end, interested participants are urged to register online via www.ictelexpo.com.ng

Muda Yusuf, director general of the Lagos Chamber of Commerce and Industry (LCCI) said: “The ICTEL EXPO is positioned to be a veritable platform for both operators and regulators to network, showcase and explore with technology with the view to repositioning the ICT sector of the economy.”

Yusuf added “that this year’s edition promises to be the best ever in the series with the theme “Exploring Opportunities in the Digital Economy” This is intended to create a platform to discuss strategies for economic diversification and business sustainability with particular focus on ICT, especially with the current challenges posed by the COVID-19 pandemic. There would also be virtual conferences and exhibition during the two-day event.

Yusuf also emphasized that relevant agencies and departments of Government will be exhibiting and attending to other exhibitors and participants.

He stated that the Government Ministries, Departments and Agencies that have confirmed attendance to participate are Ministry of Communications; Nigerian Communications Commission (NCC) amongst others.

In addition, the Honourable Minister of Communications and Digital Economy, Dr. Isa Ali Pantami and the Executive Vice Chairman, Nigerian Communications Commission, Prof. Umar GarbaDanbatta, are expected as Special Guests.

Mrs. Funke Opeke, managing director, MainOne Cable and chairman, Presidential Committee on National Broadband Plan, is expected to deliver the Keynote Address on the first day.

While Mr. Victor Eburajolo, deputy group managing director, Kewalram Group, will be delivering the Keynote Address on the second day at the virtual Expo.

Yusuf stated that “so far, so good the excitement that the virtual Expo has generated has been phenomenal and we are indeed happy about it.”


Kindly share this post
Continue Reading
Advertisement

Social

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Trending