E-Business
IDC Warns Firms to be Wary of Cybercrimes
The International Data Corporation (IDC) has said that cybercrimes are clear and present dangers which must be taken seriously by individuals, governments and organizations.
Lise Hagen, research manager, Software & IT Services, IDC (Africa), told Nigeria CommunicationsWeek that findings on cybercrimes showed that that are “politically driven” and that targets have been on high value assets / institutions.
She said that IDC researches showed that availability of “criminal services” is growing and rising forces of “hacktivism”.
Upon that corporations are still foot-dragging with regards making enough budgetary allocations to tackling IT security matters.
“There are widening budget gaps when compared to the threats. I think the focus should also embrace devising new strategies to tackle the problems. And that will be dependent on how claver you invest. It is a combination of investment and building of skills presently for the future. It is not just about the work place, we have to start educating people, even in schools; it is a programme for the whole society. The essence is for people to get into the web space and get the required skills. The other part of it is for companies to be strict about the implementation of their set standards or security policies. And that implies not being defensive,” she added.
Commenting on IT heads convincing management on budgets, Hagen said, “First and foremost, if you can give them business value; for instance letting them know the impact attacks will have on the business, the loses and delays, the general risks assessments, they will definitely respond. People compare notes. Unfortunately, most companies would wait until there is a major damage before they realize you are not just crying wolf.
“In other words, as an IT head do not relent in educating the executive not just to invest, rather continue to highlight the impact if disaster occurs. It is also important to get one key stakeholder that defends you at board level. If you can change the mind of one person on senior executive level if you have gotten an advocate; he will keep on banging the drums. And we must realize it is not just IT issue rather it is a business issue”.
Meanwhile, at the recent IDC road show, it has been revealed that greater percentage of IT breaches now stem from internal threats.
“Like one of the stakeholders stated during the road show you do not give people in an organisation any right to disrupt the system. You do not allow them access to the internet or to do anything. That is actually a very defensive-protection measure and in some industries it may work. But on the whole, it is not a viable option, because the world is changing too fast, especially now emphasis is shifting to Bring Your Own device (BYOD).
“So, I will still suggest educating the workforce and doing predictive analysis on your workforce. During the process, the Human Resources person should be linked up with what the IT is doing. For instance, if someone has resigned they is probably a chance he did for not been happy with the company, just control it. It cannot always be a big brother thing, depending on how you handle it, internal IT security threats can be mitigated.
“And some software companies not tackling issues related to security breaches right from the time of developing the software contribute to the headaches people are having. However, we also have to look at where the software is situated for usage. At the same time, we should be careful about how we apply the software, particularly when the issue of intellectual property is involved. Thus, some of the software companies really have to demonstrate value before people will be willing to pay a premium for their products.
“Part of the education has to start with the government. They have to be strict and ensure that before a company is given certificate or licence to develop software credibility has to be one of the criteria. When they do that, or set example with erring ones others will seat up. That will create room for expertise to shine and heighten the value that will stimulate the IT industry in Africa,” the IT research expert added.
Nigeria Data Protection Commission (NDPC) has commenced a forensic investigation into the University of Lagos (UNILAG), Lotus Bank and Hackerbella Ltd over alleged violations of data protection laws involving students’ personal information.
The investigation follows public complaints alleging that students’ personal data were used to open bank accounts without a lawful basis.
Dr Vincent Olatunji, national commissioner and chief executive officer of the NDPC, directed the investigation team to conduct a comprehensive assessment of the circumstances surrounding the collection, processing, use and disclosure of the affected students’ personal data.
The investigation will also determine the respective roles and responsibilities of UNILAG, Lotus Bank and Hackerbella in the alleged processing of the data.
According to the Commission, the investigation will assess the data protection compliance obligations of the parties under the Nigeria Data Protection Act, 2023 (NDP Act), as well as potential risks posed to the rights and freedoms of the affected data subjects.
The NDPC said the probe would cover several areas, including Data Protection Impact Assessments (DPIAs), the lawfulness and transparency of credit scoring or profiling activities, and the use of automated decision-making systems.
It will also examine the adequacy of privacy notices, data-sharing arrangements, lawful bases for processing, data minimisation and purpose limitation.
Other areas include data retention policies and the adequacy of technical and organisational measures put in place to safeguard the rights and personal data of affected students.
The Commission reiterated that institutions entrusted with the personal data of students, staff and other members of their communities have a heightened responsibility to ensure that such information is processed lawfully, fairly, transparently and securely.
The NDPC therefore warned educational institutions that are yet to comply with its existing data protection compliance directives to take immediate steps to achieve compliance.
The Commission said it would continue to exercise its regulatory mandate to protect the privacy rights of Nigerians and ensure that organisations processing personal data comply with the provisions of the Nigeria Data Protection Act, 2023.
Microsoft is planning to unveil its new Maia 300 AI chip this fall, potentially as soon as next month, The Information reported on Monday, citing people with direct knowledge of the plans.
The company introduced its Maia AI chip in November 2023 but has lagged rivals such as Alphabet and Amazon in scaling up its in-house chip efforts as it seeks to reduce its reliance on Nvidia’s costly processors.
Google began recognizing revenue from direct sales of its custom AI chips, called Tensor Processing Units, in the quarter ended June, while Amazon has also seen growing adoption of its processors, including its Trainium chips.
Microsoft has been in talks with chipmaker TSMC to secure manufacturing capacity for more than 300,000 units of the chip for delivery in 2027, according to the report. It is also looking to significantly ramp up production and persuade major cloud customers such as Anthropic to adopt the chip.
Microsoft ultimately aims to secure capacity for more than 1 million Maia 300 chips, though component supplies and ongoing capacity negotiations with TSMC could constrain its plans, according to the report.
It unveiled its second-generation Maia 200 in January, built by TSMC using 3-nanometer technology.
Microsoft packed the chip with a significant amount of SRAM, a type of memory that can provide speed advantages for AI systems handling large numbers of user requests.
X has announced plans to discontinue its Revenue Sharing programme and introduce a new Original Content Rewards programme to reward creators for producing original content on the platform.
The social media company announced the changes at the weekend in a post on its X Creators handle, saying the new programme would reward creators who contribute original content.
“Today, we’re introducing the Original Content Rewards Program, a new way to reward creators who bring original ideas, expertise, reporting, creativity, and commentary to X,” the company said.
X said it would stop accepting new enrolments into the Revenue Sharing programme from Friday, while existing participants would continue earning until September 7, 2026.
“Starting today, we’re no longer accepting new enrollments into Revenue Sharing,” it said.
According to the company, existing Revenue Sharing participants will receive three final payouts, with two scheduled for August 14 and August 28, while the final payment for earnings accrued through September 7 is expected around September 11.
X said existing Revenue Sharing participants would begin getting access to apply for the new programme from September 8, subject to meeting its eligibility requirements.
The first payout under the Original Content Rewards programme will be made on August 28, 2026, while existing Revenue Sharing creators who enrol in the new programme from September 8 will receive their first payment on September 25.
Under the new programme, eligible creators will earn from qualified impressions generated by their original content, with payments made every two weeks.
X defined qualified impressions as unique impressions from Premium users on the Home Timeline feed, where at least 50 per cent of a post is visible.
On the other hand, “The following are excluded from qualified impressions: impressions from the same account counted more than once per post; paid, promoted, or artificially generated impressions; and fraudulent impressions,” it said.
To qualify, creators must be at least 18 years old, live in a country where the programme is available, maintain an account in good standing and have either a personal or vusiness account.
They must also subscribe to X Premium, Premium+ or Premium Business, have at least 500 verified followers and record at least 500,000 Home Timeline impressions from verified users within the previous 90 days.
X said creators must also regularly post original content to remain eligible.
“We want to recognize creators who break news, share expertise, tell stories, create entertainment, and contribute meaningful perspectives to the conversation,” the company said.
The platform said original content could include threads, videos, memes, graphics, illustrations, reporting, analysis, commentary and reactions that add meaningful value to existing conversations.
It said creators who use content produced by others would need to add meaningful commentary, context, analysis, humour or creative transformation for such posts to qualify.
“Building on existing conversations is a core part of X, but simply reposting someone else’s content is not enough,” it said.
X said minor edits such as cropping, filters, borders, watermarks, speed adjustments or simple text overlays would generally not qualify as meaningful transformation on their own.
It also warned that content copied or substantially reproduced from another creator, content downloaded and re-uploaded from X or another platform without being the original author’s, automated content, disinformation and misleading content would be ineligible.
The company said accounts that violate the programme’s requirements could be temporarily or permanently removed from it, depending on the severity of the violation.
It added that creators would be responsible for ensuring they had the necessary rights, permissions or licences to use content created by others.
“Original content is content you personally create that reflects your own voice, perspective, expertise, or creativity,” X said.
The company said the new programme was intended to reward creators who make the platform more valuable by bringing original ideas and perspectives to its conversations.
“The Original Content Rewards Program is designed to reward the creators who start them, shape them, and move them forward,” it said.
NUPRC Warns of Counterfeit, AI-Generated Appointment Letters
KudiWave Asks for Clarification over N750m Transfer from PalmPay Account
NCC Reports over 5,000 Fibre Cuts in 6 Months
PalmPay Reinforces Commitment to Youth Empowerment on International Youth Day
ipNX Joins Calls for Innovation-Friendly Ecosystem and Stronger Local Opportunities at Regenesys AI Summit
EFCC Busts NIS Visa Overstay Racket, Uncovers N700m in an Account
Fact-Check: Elon Musk’s “Tesla Pi Phone” is Internet Rumor
NBC Tasks Broadcasting Stations over 2028 DSO Global Deadline
NBC Scraps Annual Digital Access Fee on DSO
Glo Sponsored African Voices to Feature Netflix’s “The Polygamist” Stars
E-Business2 days agoX Replaces Revenue Sharing wit New Creator Rewards Programme
Telecom2 days agoMTN Alerts Subscribers over Fake 25GB Anniversary MTN Data Giveaway
E-Financial2 days agoInterswitch, Temenos Commit to Advancing Nigeria’s Digital Banking Technology
E-Financial2 days agoFG Spent N3.1 Trillion on Domestic Debt Servicing in Q1- DMO
General News2 days agoFake Agency: ICPC Indicts NITDA, Others over Inadequate Due Diligence
General News2 days agoUNESCO Taps Oguamanam,Nigerian Scholar to Advisory Body on Science, Tech Ethics
General News2 days agoTax Reform Built on Taxing Prosperity, Not Poverty– Adedeji
Telecom1 day agoMTN Nigeria Clocks 25, Connects over 90m People