E-Business
OIIE to Host StartUP Friday 5th Edition in Lagos, Ycombinator to Attend

The fifth edition of StartUP Friday programme of the Office for ICT Innovation and Entrepreneurship (OIIE), a subsidiary of National Information Technology Development Agency (NITDA) has been scheduled for Lagos State.
The event which will hold on Friday 23 September, 2016, promises to be eventful and impactful within the innovation eco-system in Nigeria, said OIIE in an email to Nigeria CommunicationsWeek.
The programme will hold at the Landmark Events Centre, Victoria Island, Lagos from 2.00pm.
StartUP Friday, designed and organized by the OIIE, is a community building event in Nigeria, that is helping startups to connect to investors, mentors, celebrity entrepreneurs, buyers, partners, consultants, developers and policy makers, thus helping the startups to grow and scale their businesses.
From 73 co-founders in attendance in February 2016 to 974 in July with 74 investors, OIIE has deepened the value in startup community building through provision of seed funding, mentorship, grinding sessions, access to national and global platforms for more than 30 tech-driven start-ups in Nigeria.
A key feature worthy of mention in this upcoming edition of StartUP Friday is the participation of YCombinatorat in the Lagos maiden edition.
Silicon Valley based Ycombinator has been termed the world’s most powerful startup accelerator that Fortune has described as “a spawning ground for emerging tech giants”. Nigerian startups will have an opportunity to pitch for funding and accelerator program at Y Combinator during the Lagos edition of StartUP Friday.
This edition of StartUP Friday will feature amongst others:
Seed Stage ShowUP-to-Pitch: innovative seed stage startups will pitch their products that address Agric, Healthcare, Financial Services, Robotics/Drones/IoT and Renewable Energy challenges.
Growth Stage Pitch: At this session, startups at growth stage, seeking to scale will pitch their startup before the audience of investors.
FutureHACK Session: where out-of-this world, innovative, futuristic but thought-provoking ideas and/or solutions will be presented for further research and funding into becoming viable ventures.
Fireside Chat on Sourcing and Investing in Deals; Networking Session amongst startups, investors and ecosystem players.
Another interesting feature of the Lagos edition of StartUP Friday is tagged FutureHACK. It is a program designed to develop tech-driven solution out of research into future lifestyle that can be disrupted or amplified.
OIIE will be holding a FutureHACK competition for undergraduates of tertiary institutions at Afe Babalola Auditorium in UNILAG on Thursday, September 22 from 10am to 4pm.
During this pitching competition, 6 to 10 top-notch futuristic ideas pitched by the students will be selected to pitch at the StartUP Friday event on September 23.
The top three ideas with great potential impact will receive cash prizes from OIIE and be assigned mentors to help them refine the ideas for prototype development.
If you are an undergraduate with a great tech-driven idea that can solve socio-economic problems or impact on lifestyle in the nearest future, FutureHACK competition is for you. Click here to register to pitch at FutureHACK competition inside UNILAG on September 22.
Other Expected Guests:
This edition will have in attendance as special guests of honoursDr. Vincent Olatunji (Acting DG, NITDA), Michael Seibel, (Partner, Y Combinator), Qasar Younis (Partner, Y Combinator), Yemi Candide-Johnson (Senior Partner, Strachan Partners), Ibrahim Sagna (Head, Financial Advisory, African Finance Corporation), Chika Nwobi (Founder, L5Lab), NgoziDozie(Director, OneFi Kaizen Venture Partners), Dr. (Mrs.) Omobola Johnson (Partner, TLCom Partners Nigeria), Marek Zmyslowski (CEO/Founder, Hotel Oga), GossyUkanwoke (Investor/Founder, Beni American University), YeleOkeremi (CEO/MD, Precise Financial Systems Ltd), Niyi Yusuf (Country MD, Accenture Nigeria), Lanre Philips (MD, ELpee Consults).
To register for the epic StartUP Friday event and for an opportunity to pitch as a tech-driven startup, visit the registration page, as stated by OIIE.
E-Business
Kaspersky Discovers Vulnerability in Qualcomm Snapdragon Chips that can Lead to Data Loss & Device Compromise

Kaspersky ICS CERT discovered a hardware-level vulnerability affecting Qualcomm chipsets that are widely used in a range of consumer and industrial devices, including smartphones and tablets, car components, IoT devices and more.

The vulnerability resides in the BootROM – firmware embedded at the hardware level. Attackers could potentially get access to any data stored on the device or device sensors like camera and microphone, implement complicated attack scenarios and in some circumstances get full control of the device. The results of the research were presented at Black Hat Asia 2026.
The vulnerability affects Qualcomm MDM9x07, MDM9x45, MDM9x65, MSM8909, MSM8916, MSM8952 and SDX50 series and was reported to Qualcomm in March 2025. Qualcomm formally acknowledged the vulnerability in April 2025. It has been assigned a CVE-2026-25262. Other Qualcomm-based chips may be affected as well.
Kaspersky researchers explored the Sahara protocol, a low-level communication system used when a Qualcomm chip enters Emergency Download Mode (EDL) – a special recovery mode designed for repairing or restoring smartphones or other devices. Sahara acts as the first step that allows a computer to connect to the device and load software before the operating system on the device starts.
Kaspersky demonstrated that a security flaw in this process could allow an attacker with physical access to the target device to bypass key security protections in the chip, compromise the secure boot chain and, in some cases, deploy malicious applications and backdoors to the chip’s Application Processor, thus fully compromising the entire device.
For example, in cases when the target device is a smartphone or a tablet, the attacker can potentially get access to entered user passwords, and subsequently this opens further access to multiple types of sensitive user data, such as files, contacts, location, access to the devices’ camera and microphone, etc.
A potential attacker only needs a few minutes of physical access to a device to compromise it. Therefore, if a smartphone has been sent for repair or left unattended for a short time, one can no longer be sure it is not infected. Researchers warn that the threat extends beyond end-user scenarios to include potential compromise during the supply chain phase.
“Vulnerabilities like this may allow attackers to deploy malware that is difficult to detect and remove. In practice, this could enable covert data collection or influence device behaviour over extended periods of time.
“While a reboot might seem like an effective way to remove such malware, it cannot always be relied upon: compromised systems may simulate a reboot without actually resetting. In such cases, only a complete loss of power – including battery depletion – guarantees a clean restart,” comments Sergey Anufrienko, security expert at Kaspersky ICS CERT.
Kaspersky advises organisations and individual users to exercise strict physical security control over devices including at the supply, maintenance and decommissioning phases. A reboot of the device by cutting off the power supply to the affected chip (if available) or full battery discharge may help to get rid of the malware if it was installed.
E-Business
Survey Shows Gaps in Cybersecurity Policies and Employee Commitment Leave Organisations Vulnerable

A recent Kaspersky survey entitled “Cybersecurity in the workplace: Employee knowledge and behaviour”, showed that 39% of professionals in the Middle East, Turkiye and Africa (META) region, consider cybersecurity rules in their company to be excessive or not fully appropriate.

While 7% noted that their organisations do not have cybersecurity rules or that they are not aware of them. These results show a disconnect between corporate cybersecurity policies and employee commitment to these rules, underscoring the risks associated with shadow IT and unmanaged device usage in the workplace.
Shadow IT is defined as the use of unauthorised software, devices, or services without IT oversight, and it has evolved into a critical business risk. While often driven by employee productivity needs, it creates blind spots for IT departments.
The rise of hybrid work environments, increased reliance on cloud-based tools and the spread of AI tools have accelerated this trend. Without robust cybersecurity management and oversight, organisations face heightened exposure to ransomware attacks, data leaks, and regulatory penalties.
19% of survey respondents in the META region said there are no policies regarding the use of non-corporate devices in their company. 35% of employees admitted that they can use their own devices to access business information, provided they have some type of cybersecurity protection, even consumer-grade software.
On the positive side, 21% said they can use their own device, but these must first pass more stringent corporate IT security checks; while 25% of respondents indicated that only devices provided by the IT function can be used for work purposes.
The situation is significantly better with permissions for employees to install software on corporate devices without IT department’s approval. 50% reported that only IT specialists in their company are allowed to install software, while in 31% of organisations only top management or designated users can do so. 11% of employees can install software that is approved by the IT team. However, 8% of respondents said that all users can install any software they need without IT agreement in their organisation.
At the same time 21% of professionals surveyed acknowledged that within the past year they installed software on their work devices without IT supervision. That highlights a persistent shadow IT challenge that continues to expose organisations to security vulnerabilities, compliance risks, and data breaches.
“Shadow IT is now a mainstream operational risk. When one in five employees installs software without IT oversight, it signals a policy gap. Many organisations already have security policies in place, but employee perception must also be considered.
Organisations should move beyond restrictive controls and instead implement intelligent, user-centric cybersecurity strategies that combine strategies that integrate technology with employee awareness and responsible use,” said Toufic Derbass, Managing Director for the META region at Kaspersky.
E-Business
Microsoft Faces £1.7Bn Cloud Lawsuit in UK over Alleged Market Abuse

Microsoft is facing a £1.7 billion ($2.3 billion) class action lawsuit in the United Kingdom over allegations that it abused its dominant market position in cloud computing.

Microsoft
The case, filed before the Competition Appeal Tribunal, was brought by Maria Luisa Stasi on behalf of about 59,000 British businesses and organisations. It alleges that Microsoft unfairly imposed higher costs on customers running its Windows Server software on rival cloud platforms.
Stasi said the company’s practices have had a significant financial impact on both public and private sector organisations over several years.
In allowing the case to proceed, the tribunal ruled that it has a “reasonable prospect of success.” The judges noted that Microsoft is alleged to have abused its dominance in the paid server operating system market to undermine competition in the cloud services space.
If the claim succeeds, compensation for affected organisations is estimated to range between £1.7 billion and £2.1 billion.
Microsoft has rejected the allegations and confirmed it will appeal the ruling. A company spokesperson said the decision does not represent a final judgment on the claims and that it disputes the substance of the case.
The lawsuit comes as regulators in the UK and the European Union intensify scrutiny of Microsoft’s cloud business practices. UK authorities are currently assessing whether the company should be designated as having “strategic market status,” a move that would subject it to stricter competition rules.
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