E-Business
Firm Says Online Stores are at Risk of Attacks by Hackers

As retail stores ramp up their online offerings to entice shoppers, companies need to be on guard.
A common belief is that hackers target individual accounts, but this needs to be “mythbusted”.
The real purpose of an increasing number of attacks on online retailers (as much as financial institutions) is in fact to hold these organisations at ransom and so squeeze currency from them.
“This is commonly known as bitcoin ransom in the industry,” explained Lukas Pelser, technical manager at South Africa’s leading value-added distributor, Networks Unlimited.
“It’s a ‘pay up or we post consumer details’ scenario. The most infamous attack of this type being the recent Ashley Madison case.”
According to a New York Times article: For ransom, bitcoin replaces the big bag of bills,
“Criminals like the virtual currency because it can be held in a digital wallet that does not have to be registered with any government or financial authority – and because it can be easily exchanged for real money.”
So how do these criminals do it? In simple terms, they generally launch a small attack to render a website unserviceable, thus taking it offline. During this downtime – where the retailer is losing both consumers and revenue – an e-mail is sent demanding a bitcoin ransom.
“Payment in bitcoins can be high with one bitcoin going for R8,000. If the demand is ignored, the ransom could be upped or a full-on distributed denial-of-service (DDoS) attack launched and the threat realised,” said Pelser.
Retailers thus need to be prepared for this type of malicious attack, especially at this time of the year where they want to increase traffic to their site. They thus need to educate themselves on what a bitcoin is and how they will handle an extortion demand.
“Of course, the best method is to be adequately protected should this happen to you. Hackers are not just targeting large retailers in Europe or America, but also enterprises across Africa and smaller businesses, with the top five targets being e-commerce, government, and gaming and financial services organisations. Although many may start as opportunistic attacks, it is always better to be safe than sorry,” warned Pelser.
“It has therefore become absolutely necessary to strengthen your defence so that your network is not flooded by the attack and crashes under the strain, and that your customer details remain protected. Unfortunately, many security technologies deployed as little as two years ago no longer provide adequate protection. New technology has however been engineered specifically for today’s DDoS attacks.”
He highlights Arbor Networks APS, which was named best security hardware solution at the 7th Annual Golden Bridge Awards at the start of December 2015, as a powerful solution for companies to guard themselves from DDoS attacks.
“The solution is designed to stop attacks immediately while giving control back to the enterprise. It offers full protection from DDoS attacks and botnets out-of-the-box; enables an easy and fast setup for immediate protection; and its flexible deployment and control ensures inline blocking or off the tap for detection,” says Pelser.
To enjoy a festive season that is more “ho, ho, ho” than “oh, no”, enterprises need to realise that DDoS attacks are no longer just a bothersome niggle, but they impact businesses on numerous devastating levels.
Whether DDoS attacks cause saturation upstream, state exhaustion or service outages, and in many times in all three; the end result remains: critical services are no longer available and your profit is on the line.
E-Business
HURIWA, CLO Protests Bill Asking Social Media Firms’ to Open Shops Nigeria

Human Rights Writers Association of Nigeria (HURIWA) has opposed a bill seeking to compel major global social media companies to establish physical offices in Nigeria.

The rights advocacy group urged the National Assembly to discard the proposed legislation, warning that it could become a tool for censorship and undermine citizens’ constitutional right to freedom of expression, despite being presented as a measure to strengthen Nigeria’s digital economy and improve corporate accountability.
The position was contained in a presentation submitted yesterday by Emmanuel Onwubiko, national coordinator, HURIWA, to the chairman of the Senate Committee on ICT and Cyber Security.
The bill, sponsored by Senator Ned Munir Nwoko, has already passed second reading in the Senate and is before the committee for further legislative consideration.
HURIWA said it carefully reviewed the proposed legislation and concluded that compelling global technology companies to establish offices in Nigeria was unnecessary and potentially counterproductive.
The organisation argued that while the firms generate substantial revenue from Nigeria’s vast digital market, they already engage Nigerians through existing structures, including paying eligible content creators, working with local technology professionals and participating in legal proceedings whenever required.
According to the group, appointing local representatives where necessary would adequately address concerns about engagement with regulators and users without forcing the companies to maintain physical offices.
It also dismissed claims that mandatory country offices would significantly improve consumer complaint resolution, technology transfer or employment generation.
HURIWA maintained that the platforms already have effective feedback mechanisms for resolving users’ complaints and routinely appear before Nigerian courts through their representatives whenever litigation arises.
The group, however, said its greatest concern was the potential for the proposed law to be used as an instrument for restricting freedom of expression.
It argued that establishing local offices could expose global social media companies to pressure from government authorities to remove online content considered critical of those in power.
According to the rights group, the presence of social media companies in Nigeria could become an avenue for authorities to pressure them into abandoning internationally recognised digital rights standards in favour of politically motivated content moderation.
It recalled previous attempts to regulate social media in Nigeria that generated widespread concerns over possible restrictions on free speech, stressing that any legislation affecting the digital space must contain clear safeguards against abuse.
The organisation warned that the proposed law should never become “a backdoor mechanism for government surveillance, arbitrary content removal or political censorship.
E-Business
Nigeria Leads Africa in Online Gambling Regulation – GCI

Nigeria has emerged as one of Africa’s most regulated online gambling markets, even as illegal operators continue to dominate the continent, according to a new report by Gaming Compliance International (GCI).

The report, the first comprehensive assessment of online gambling across all 54 African countries, showed that Africa’s online gambling Gross Gaming Revenue (GGR) reached $23 billion in 2025.
However, only $5.2 billion (23 per cent) was generated by licensed operators, while $17.8 billion (77 per cent) remained in the unregulated market.
In West Africa, total online gambling revenue rose to $4.8 billion in 2025 from $4.3 billion in 2024. Of the 2025 figure, regulated operators accounted for $1.5 billion (31 per cent), while $3.3 billion (69 per cent) flowed to unlicensed platforms, highlighting the region’s persistent enforcement challenges.
Nigeria stood out as the region’s strongest performer, recording the lowest unregulated market share at 56 per cent, compared with the West African average of 69 per cent and the African average of 77 per cent.
The study also found that online gambling participation across Africa increased from 198 million people (13 per cent of the population) in 2024 to 215 million (14 per cent) in 2025.
Despite this growth, GCI estimated that illegal operators deprived African governments of about $3.55 billion in tax revenue in 2025. The number of unlicensed gambling platforms targeting African consumers also rose to 4,129, up from 3,644 in 2024.
Commenting on the findings, Matt Holt, chief executive officer, GCI, said the report provides regulators with the first continent-wide benchmark for strengthening oversight and consumer protection.
Ismail Vali, president, GCI, urged governments to develop competitive and well-regulated markets that encourage consumers to patronise licensed operators, boost public revenue and attract greater investment.
Online gambling in Nigeria is regulated by the Nation Lottery Regulatory Commission.
E-Business
Kaspersky Warns Mobile‑data Buyers about Scammers Posing as Telecoms Operators

At the height of the Northern Hemisphere tourist season, demand for communications and mobile Internet services rises sharply. Kaspersky’s security experts have uncovered scams that target anyone purchasing mobile connections or SIM cards worldwide.

Fraudsters create counterfeit websites that look like the portals of major regional and international telecom providers to trick users into revealing their phone numbers, personal details or banking information.
Kaspersky is sharing several examples of these fake login pages that mimic legitimate telecom operator sites and giving recommendations on how not to be deceived.
In the first case, scammers exploit the brand name of an international telecommunications company operating services in Asia, Africa and Europe. Fake authentication pages encourage users to put in their phone number and credentials.
While the first example shows the different design, the second scam site closely mimics the original log in page, making it hard for users to tell the difference and spot a fake. Entering authentication or payment data on fraudulent web sites may result in money or data loss and become a reason for more frequent spam and fraudulent calls.
Another example is a scam page which poses as another international communications company, working in North Africa, the Middle East and Southeast Asia. In this scheme scammers encourage users to top up their mobile data/Internet plans by entering their personal information and bank cards details.
Kaspersky experts have also identified a scam when cyber criminals suggest users enter their personal data to check and pay a bill inquiry. Such scam schemes are usually aimed at gaining victims’ personal data for further fraud or account hacking and stealing money.
“Because of the active use of AI, scammers can now create fake pages with ever increasing accuracy and speed, targeting the most popular user interest areas. We constantly see scams revolving around sports events, music concerts, seasonal sales and holidays. Unfortunately, the telecoms industry is no exception.
To keep your data and money safe, be vigilant when purchasing mobile or Internet plans online. Using an eSIM – purchased through an official app – is one way to avoid fake telecom sites, as it eliminates the need to enter personal details on questionable web pages.
If you’re unsure about a site’s legitimacy, search for the brand name directly in a search engine and enable a security solution that blocks phishing links for you,” comments Tatyana Kulikova, cybersecurity expert at Kaspersky.
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