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Global E-Commerce Estimated to Exceed $2tn In 2015

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Worldwide e-Commerce is set to grow well beyond US$2tn this year driven by high double-digit growth in China and the rest of Asia and continued strong growth in North America and Europe, generating another high rise in consumer parcel volumes, according to recent figures from the Ecommerce Europe association.

The association’s latest Global B2C E-commerce Report showed that global e-Commerce grew by 23.6% to US$1.6tn in 2013.

Worldwide online sales were expected to grow by 22.9% to US$1.9tn last year.

Also, Asia Pacific overtook Europe and North America in 2013 to become the world’s largest e-Commerce region, and looks set to extend its lead this year, the research for the association of European e-retailers found.

B2C e-Commerce sales in the Asia Pacific region surged by 44.5% in 2013, driven by the strong growth of online shopping in China.

B2C e-commerce sales in Europe grew by 17.1% while North America increased by 10.1% that year, according to the global report.

Latin American e-Commerce sales grew by 21.5% while the Middle East and North Africa region grew even more strongly by 32.7%.

The report published by CEP-Research also showed that with total B2C e-Commerce sales of US$419bn in 2013, the US was still the biggest individual market, but the emergence of China is significant.

Partly due to the success of e-Commerce giant Alibaba, Chinese B2C e-Commerce grew by 78.5% to US$328.4bn.

For 2014, China was even forecast to surpass the US and become the world’s new leader in terms of e-Commerce, Ecommerce Europe said.

The association pointed out that the country with the second largest e-Commerce turnover and growth rate, China is not ranked in the top ten of countries in terms of average spending per e-shopper.

Meanwhile, yStats.com report in 2014 predicted an annual growth rate of about 40% for the African e-commerce industry.

In its “Africa B2C E-Commerce Report – 2013”, the market research firm found a number of countries with strong online sales have already emerged, including South Africa, Nigeria, Egypt and Morocco.

An increasing Internet penetration rate, the rapid spread and accessibility of mobile technology, and recent improvements to E-Commerce Payments and delivery infrastructures on the continent have all been linked to the online retail boost.

In addition to improved Web technology and accessibility, a quickly-developing African middle class in urbanized areas is another driver in the e-commerce platform’s recent success.

“E-commerce has a high potential in Africa as the growing middle class seeks more convenient shopping and better price quality, driving local and international Internet merchants to operate in the region,” said Yücel Yelken, yStats.com’s CEO.

The report identified a number of specific established industry websites, including South African online retailer Zando and Nigeria’s large outfits Jumia and Konga.

Overall sales were less than US$1.4 billion in 2012, but strong market growth is forecasted on the continent over the next 10 years, the report found.

Mobile online payments are also expected to increase in the near future.

According to the World Bank, mobile phone usage in Africa is exploding, and has been for the past five years.

In fact, its mobile phone market has pinnacled the 650 million user tally – which is greater than the U.S. or Europe.

Internet access is rapidly expanding as well, with World Bank saying new Internet cables have been stretched out over miles of the African continent, increasing bandwidth usage twenty fold.

 


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E-Business

CBN Affirms Alpha Morgan Bank’s Capitalisation

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The Central Bank of Nigeria (CBN) has affirmed the capitalisation of Alpha Morgan Bank, marking an important milestone in the bank’s growth journey and reinforcing its commitment to building a strong, resilient, and future-ready financial institution.

This affirmation reflects the bank’s adherence to regulatory requirements and its strategic focus on strengthening its capital base to support sustainable growth, innovation and improved service delivery to customers.

With this milestone, Alpha Morgan Bank is well positioned to continue expanding its footprint with its 14 approved branches across different states, while deepening inclusivity and enhancing the range of banking solutions available to individuals, businesses, and institutional clients nationwide.

Commenting on the development, the Managing Director of Alpha Morgan Bank, Mr. Ade Buraimo, expressed the readiness of the bank in ensuring compliance with regulatory requirement, good governance framework while delivering satisfying banking along the long-term vision of the bank to become the best bank to work and strong financial institution to reckon with.

He said: “Capitalisation is more than a regulatory requirement; it is an opportunity to strengthen the institution for the future. The affirmation of Alpha Morgan Bank capitalisation reflects the work we have done to build a solid capital foundation that allows us to support businesses more effectively, expand financial access and continue delivering the level of service our customers expect.’’

According to him, Alpha Morgan Bank remains committed to maintaining strong corporate governance standards, sound risk management practices, and prudent financial management as it continues to support economic development and create long-term value for stakeholders.

“As Alpha Morgan Bank enters the next phase of its journey, the institution will continue to scale its operation, invest in technology, expand its branch network and digital banking presence, whilst delivering reliable and satisfying banking experiences to its growing customer base,” Buraimo added.


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Police Says Victims Enable Cyber Attacks Out of Ignorance

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Mr Uche Ifeanyi, commissioner of Police in charge of the Nigeria Police Force National Cyber Crime Centre (NPF-NCCC),  said on Friday that most cyber attacks occur because victims act out of ignorance.

Police Says Victims Enable Cyber Attacks Out of Ignorance

He spoke in Abuja at the opening of an online cybercrime awareness campaign themed “Odogwu No Dey Hide Him Face,” organised to educate and empower communities about online safety and cyber hygiene.

“Studies reveal that the majority of cyber attacks are initiated or enabled by victims due to lack of knowledge.

“Personal information is invaluable and must be protected at all times.

“Just as we maintain physical health, we must also maintain a healthy digital lifestyle,” he added, stressing that simple cyber hygiene practices could greatly reduce the risk of becoming a victim.

He urged the public not to disclose confidential information to unauthorised persons and to use strong, unique passwords, enable multi-factor authentication, and apply security safeguards on digital devices.

“Keep personal information private, avoid suspicious links, and regularly update software or system patches,” he said, adding that antivirus programmes and firewalls were essential for online safety.

Ifeanyi warned against falling for “free gifts” online.

“If it sounds too good to be true, it most likely is fraud,” he said, advising caution with urgent or suspicious messages.

He also urged internet users to verify information before sharing to avoid spreading fake news, emphasising that cybercriminals could exploit everyone regardless of age, occupation, or social class.

Vincent Olatunji, director-general, National Data Protection Commission (NDPC), commended NPF-NCCC for its efforts and said the campaign theme was commendable.

He noted the importance of educating people on legitimate wealth and safe internet use.

Olatunji said that the fight against cybercrime required collective effort, warning that the risks were increasing daily as more people connected to the internet across Nigeria.


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Firm Enhances its Security Awareness Platform with SCORM and PDF Support

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Kaspersky has introduced an update to its Automated Security Awareness Platform, adding full support for PDF and SCORM (Sharable Content Object Reference Model) – the industry-standard protocol for deploying and managing e-learning content.

The enhancement enables organisations to build fully customised cybersecurity training programmes that reflect their infrastructure, risk profile, and internal policies, while continuing to benefit from Kaspersky’s expert-driven security content and phishing simulations.

According to the Kaspersky report titled “Redefining the Human Factor in Cybersecurity”, employees responding to phishing attacks was one of the main causes of cyber incidents in companies worldwide, accounting for 21% of cases among other reasons.

At the same time, additional Kaspersky research reveals that social engineering attacks are predicted to increase more than any other type in the nearest future, with 87% of respondents believing that social engineering attacks will become even more effective due to the use of AI tools.

The new Kaspersky Automated Security Awareness Platform (Kaspersky ASAP) update directly addresses several persistent challenges such as reducing the number of human-related incidents, cutting time spent on managing training programmes, decreasing regulatory and compliance risks, and minimising potential legal or reputational damage stemming from cybersecurity breaches.

With the new SCORM support, the platform becomes even more flexible: companies can now upload, track, and manage their own SCORM-based learning materials directly within the system. In addition, companies can accelerate their programmes by using easier-to-create PDF-formats.

This allows organisations to tailor training to their specific technology stacks and emerging threats targeting their industry or region. Businesses that have already invested in third-party SCORM courses or internal learning development can now seamlessly reuse their existing modules, protecting their prior investments while strengthening their cybersecurity posture.

The combination of Kaspersky’s embedded content built on real cases uncovered by the company’s world-class experts with customers’ PDF materials or SCORM modules enables a true best-of-breed approach to human risk management.

Organisations can supplement Kaspersky’s up-to-date cyberattack scenarios with internal policies, unique workflows, and industry-specific lessons, ensuring training resonates with employees and reflects real operational challenges.

“Human behaviour remains one of the most unpredictable elements in cybersecurity and also one of the easiest for attackers to exploit. By adding SCORM support to Kaspersky Automated Security Awareness Platform, we’re giving organisations the flexibility to build training programmes that truly match their internal realities.

“Combined with Kaspersky’s expert-driven content and real-world attack data, this update empowers companies to create more adaptive, relevant, and impactful awareness programmes than ever before,” comments Svetlana Kalashnikova, Security Awareness expert at Kaspersky.


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