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Experts Proffer Ways to Protect ICT Users Against Cyber Security Crimes

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Information and communication technology [ICT] experts who spoke at the recently held Indo-Africa ICT Expo in Lagos, which was declared opened by the Minister of Communication, Barrister Adebayo Shittu, have proffered solutions to protect users of ICT products against cyber security attacks in the country.

MD/CEO of Inlaks, Femi Adeoti was represented by the Executive Director, Infrastructure Business, Tope Dare, and he spoke on “Cyber Security, Perils, Protection and the Role of ICT. He highlighted some historic events that occurred in the cyberspace in 2017, citing the rise of Ponzi schemes, which promised spurious financial returns on investments and the recent Ransomware attack, the wannacry which had negative consequences on over 150 countries including Nigeria.

Dare pointed out that the emergence of crypto-currency is a major threats to cyber security in the world today.

He said, “Hackers use cryptocurrencies based on its anonymous nature of receiving and making payments and they attack the cryptocurrency exchanges by flooding them with requests, therefore, making it unusable.

“In 2018, there will be a continuous demand for cybersecurity services and functions for cybersecurity providers and the demand will come from small and large scale businesses.

“As the demand for provider’s increases, request for technology talents would skyrocket locally and internationally, which may lead to the migration of skills outside Nigeria to the rest of Africa and the world.

“The use and promotion of effective cybersecurity regulations play a key role in reducing risks of cyber-attacks; as such, the emergence of Society for Worldwide Interbank Financial Telecommunication (SWIFT), Customer Security Programme (CSP) and the European Union General Data Protection Regulation (GDPR) companies would mandate the various bodies in order not to fall victim to cyber-attacks”, he said.

He further affirmed that the country’s regulatory agencies such as the National Insurance Commission (NAICOM), Nigerian Communications Commission (NCC), National Information Technology Development Agency (NITDA) and the Central Bank of Nigeria (CBN) would need to establish and enforce regulations and codes of conducts that will protect the nation and its citizens from losses due to cyber-attacks.

In his presentation, Director General, ICT, Ekiti State, Toyin Olaniteru shared his thoughts on “securing data and protecting privacy” and averred that banks are the main targets for computer hackers and other thieves of electronic data. According to him rogue employees use swipe card skimmers to steal card numbers and related data from customers.

“The risk of losing customers’ data is critical and needs to be managed carefully. Banks and other companies are unprepared to deal with a serious data breach.

“While data security presents daunting challenges for most, there are basic steps that can be pursued to protect organizations against the worst cyber threats.

“Some of the banks apply due diligence when employing staff, and follow-up with employees can assist greatly in reducing the risks associated with data security breaches”, he said.

The CEO of Halogen Security, Wale Olaoye who was represented by the Director, Virtual Security and Strategic Market, Dayo Abegunde pointed out that everyone who owns a mobile phone, email address and password is prone to cyber security threat.

To buttress his case, he referred to artificial intelligence, internet of things, mobile, social media and cloud computing as the game changers in the ICT world.

“While these are the game changers in today’s world, they also have their challenges. Everybody who has a mobile phone is susceptible to cyber security attack.

The growing number of intelligent connected industrial and consumer devices has created new ways that intruders can gain access to network and data”.

Listing ways to overcome data breeches, Olaniteru said there is the need to encrypt data especially when dealing with customer account and personal information as well as certain categories of employee information.

He said data security protocols must be established for password protection, encryption, employee mobile devices, data placement on drives and laptop as well as continuous employee training and transfer.

“Data mapping is important to know what data your company has and on which of the systems the data is stored. The bank or any organisation must carry out diligence on employees, computer vendors etc as this will help ensure companywide compliance with security protocols”, he said.


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E-Business

Transcorp Hotels Delivers Stellar H1 Results, Declares Over ₦1Bn Dividend

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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.


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Microsoft Servers Hacked by Chinese Groups

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Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.

Microsoft Servers Hacked by Chinese Groups

 

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”.

 

 

 


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NIMC Warns Nigerians of Fake NIN Website

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National Identity Management Commission (NIMC) has issued a public warning that it is not associated with NINcard.com.

NIMC Warns Nigerians of Fake NIN Website

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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