E-Business
Fraud in IPv4 Market Calls for Extra Precautions from Sellers, Buyers
American Registry for Internet Numbers (ARIN) last month won a critical legal case which set a precedent against IPv4 address fraud.
The verdict determined that ARIN was defrauded of approximately 735.000 IPv4 addresses by an individual who used 11 shelf companies to do so. The perpetrator was ordered to return the fraudulently obtained resources and cover $350.000 of legal fees.
As the prices of IPv4 addresses are rising due to exhausting supplies, this case might be the first one of more to come. Meanwhile, the emerging second-hand IPv4 market creates opportunities for both transparent IPv4 brokers and fraudsters alike.
“The current state of the IPv4 market urges IP address buyers to be aware of their IPv4 supplier’s reputation. Reputable companies don’t take abuse control lightly to protect the assets they are leasing. The seller must guarantee the legitimate origin of their supply and the buyer must not use the assets in illicit ways,” said Vincentas Grinius, CEO of Heficed, an IP address-centric company offering IP address, cloud, and dedicated server solutions.
There are several reasons why fraud in the IPv4 market is not an isolated occurrence, but rather a symptom of a more complicated problem.
As of today, the only regional internet registry with IPv4 resources available in its pool is the African regional registry (AFRINIC). The remaining registries have run out of free resources at different times in the past decade, with ARIN reaching this crucial point in 2015. What this means for the internet is that the only way to obtain an IPv4 address is to lease it in the second-hand market.
“As with every resource in high demand and low supply, various legal and illegal practices are being deployed to obtain and resell IPv4s. At Heficed, we have various abuse prevention processes in place to make sure the resources we obtain and lease do not contribute to any fraudulent scheme,” commented Grinius.
However, with the IPv4 second-hand market still scattered across a number of IP address brokers and the need for a transparent global solution to this problem unmet, there are precautions a lessee should keep in mind when obtaining IP addresses from a broker.
„Everyone interested in leasing IPv4 addresses should invest time and investigate the broker they are about to trust. Apart from various tools available to check the history of a given IP address, the customer should also consider the reliability of the broker by answering these questions: how long is the company in business? What are other clients saying about the company? Reputation is paramount in the IP address industry,“ finished Grinius.
With fraudsters actively leeching upon public internet resources, both the sellers and the buyers ought to invest extra effort in minimizing the risks connected to IP address abuse of different kinds.
Gartner predicts that by 2028, 75 percent of enterprise software engineers will use Artificial Intelligence (AI) code assistants, up from less than 10 percent, currently.
According to a Gartner poll of 598 global respondents conducted in the third quarter of 2023, 63 percent of organisations are now testing, deploying, or have previously implemented AI code assistants.
AI code assistants provide for more capabilities than only code development and completion, notes the research firm.
According to Gartner, the use of AI code assistants can lead to higher work satisfaction and retention, resulting in lower turnover costs.
Philip Walsh, senior principal analyst at Gartner, comments: “Software engineering leaders must determine ROI and build a business case as they scale their rollouts of AI code assistants.
“However, traditional ROI frameworks steer engineering leaders toward metrics centred on cost reduction. This narrow perspective fails to capture the full value of AI code assistants.”
Gartner notes that software engineering leaders must “reframe the ROI conversation from cost reduction to value generations”.
Walsh adds: “Calculating time savings on code generation is a good place to begin building a more robust value story. To convey the full enterprise value story for AI code assistants, software engineering leaders should connect value enablers to impacts, and then analyse the overall return to the organisation.”
National Identity Management Commission (NIMC) has said that the planned national ID card will be issued to applicants by their banks.
NIMC said it is working with the Nigerian Interbank Settlement System (NIBSS) to deliver the cards to applicants.
“The card will be issued through the applicants’ respective banks in line with existing protocols with the issuance of the Debit/Credit cards,” the agency said at the weekend update on its official X handle.
KEY FACTS ABOUT THE PROPOSED NEW GENERAL MULTIPURPOSE NATIONAL IDENTITY CARD
- The new National ID Card is a single, convenient, and General multipurpose card (GMPC) , eliminating the need for multiple cards—not three.
- The single GMPC has multiple use cases:…
— NIMC (@nimc_ng) April 12, 2024
It said applicants need to request their cards with their NIN “through the self-service online portal, NIMC offices, or their respective banks”.
“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS,” NIMC said.
“The card can be picked up by holders at the designated center or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” the update read.
National Identity Management Commission (NIMC) has said that the new national Identity card, powered by AfriGo Card, is a single card with multiple services.
NIMC made the clarification against the confusion and criticisms that have trailed the AfriGo Card , touted as a National Domestic Card Scheme.
NIMC is launching the AfriGo Card, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), and has had appointed SecureID, a Lagos headquartered company to manufacture the Card Scheme
Making clarification on the card, Kayode Adegoke, head of Corporate Communications of the NIMC, said the General multipurpose card (GMPC) will eliminate the need for multiple cards.
“The new National ID Card is a single, convenient, and General multi-purpose card (GMPC), eliminating the need for multiple cards—not three.
“The single GMPC has multiple use cases: Payments/Financial, Government intervention/services, travel, etc.
“The National Identity Management Commission is working with the Central Bank of Nigeria and the Nigerian Interbank Settlement System to deliver the payment and financial use cases.
“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS. Applicants for the card will have to request with their NIN through the self-service online portal, NIMC offices, or their respective banks.
“The card will be issued through the applicants’ respective banks, in line with existing protocols with the issuance of the Debit/Credit cards.
“The card can be picked up by holders at the designated centre or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” he said.
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