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Pantami says New Malware is Released Every 4.6 Seconds Globally to Compromise Cyberspace

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Isa Pantami, Minister of Communications and Digital Economy, has disclosed that a new malware is released every 4.6 seconds globally to compromise the cyber space and generated data.

The Minister therefore, called for a global approach to tackling the menace of cybercrime as the need for datafication takes the lead among global economies.

According to a statement by his spokesperson, Uwa Suleiman, Pantami made the call while addressing the Forum of technology ministers at the Future Tech Forum in London.

The Minister who spoke on The Future of the Internet: Trends and Opportunities,  said, “Datafication is inevitable. Therefore, we must place the same importance on cybersecurity especially considering that a new malware is released every 4.6 seconds globally to compromise the cyber space and inevitably, generated data.

“There is a clear indication that in the wake of the pandemic, the rate of cyber crime increased significantly due to an increased online presence. It is therefore necessary to give the same emphasis, priority and preference to the issue of cyber security”.

He advocated the need for an international approach to cybersecurity as against the existing regional or national approach noting that “with cloud computing and cloud devices, national or regional regulation of data could be less relevant because as obtains in many situations, data may not be domiciled within a sovereign nation therefore border restrictions do not apply and are not respected.

The Minister emphasised that datafication was on a significant rise and will continue to do so, adding that there was the need for governments to prioritise the protection and judicious use of data. This, he revealed, motivated him to author “The Datafication Of Society to Foster an Internet Economy”.

“The need for the collection of data is increasing daily and will continue to do so at a significant pace. According to research, from the dawn of civilisation to the early 2000s, only five exabytes of data was collected. Today however, approximately 2.5 exabytes of data is collected within 24 hours.

“By implication, the amount of data generated and collected  within 48 hours today, is the same as that which was generated  and collected over  five thousand years before. Again, research by the International Data Corporation has indicated that in the next four years, 41.6 billion Internet of Things (IoT) devices could be connected and interconnected and these devices are expected to generated around 79.6 billion petabytes of data” He noted.


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E-Business

Transcorp Hotels Delivers Stellar H1 Results, Declares Over ₦1Bn Dividend

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Transcorp Hotels Plc has delivered a stellar performance in the first half of 2025, recording a 60% year-on-year surge in revenue to ₦47.57 billion, up from ₦29.72 billion in H1 2024. Gross profit climbed 71% to ₦36.21 billion, maintaining a strong 76% margin despite inflation and operational headwinds.

The hospitality giant, a subsidiary of Transnational Corporation Plc, also announced an interim dividend payout of ₦1.024 billion — offering ₦0.10 per 50 kobo ordinary share to shareholders.

In a bold move, the company unveiled Nigeria’s largest corporate venue — the 5,000-seat Transcorp Centre — staking its claim as the new leader in event hospitality. Chairman Emmanuel Nnorom described the results as proof of Transcorp Hotels’ transformative strategies and unwavering investor commitment. MD/CEO Uzo Oshogwe attributed the success to relentless execution and a resilient business model.

Transcorp Hotels, renowned for iconic assets like Transcorp Hilton Abuja and its digital platform Aura, says it isn’t just leading Nigeria’s hospitality sector — it’s redefining excellence across Africa.


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Microsoft Servers Hacked by Chinese Groups

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Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.

Microsoft Servers Hacked by Chinese Groups

 

China state-backed Linen Typhoon and Violet Typhoon as well as China-based Storm-2603 were said to have “exploited vulnerabilities” in on-premises SharePoint servers, the kind used by firms, but not in its cloud-based service.

The US tech giant has released security updates in response and has advised all on-premises SharePoint server customers to install them.

“Investigations into other actors also using these exploits are still ongoing,” Microsoft said in a statement.

The firm said it had “high confidence” the hackers would continue to target systems which have not installed its security updates.

It added that it would update its website blog with more information as its investigation continues.

Microsoft said it had observed attacks in which hackers had sent a request to a SharePoint server “enabling the theft of the key material by threat actors”.

Charles Carmakal, chief technology officer at Mandiant Consulting firm, a division of Google Cloud, told reporter, it was “aware of several victims in several different sectors across a number of global geographies”.

Carmakal said it appeared that governments and businesses that use SharePoint on their sites were the primary target.

A number of adversaries who stole material encoded by cryptography were then able to regain ongoing access to the victims’ SharePoint data, he said.

“This was exploited in a very broad way, very opportunistically before a patch was made available. That’s why this is significant,” Carmakal said.

Carmakal said the “China-nexus actor” was deploying techniques similar to previous campaigns associated with Beijing.

Microsoft said Linen Typhoon had “focused on stealing intellectual property, primarily targeting organizations related to government, defence, strategic planning, and human rights” for 13 years.

It added that Violet Typhoon had been “dedicated to espionage”, primarily targeting former government and military staff, non-governmental organizations, think tanks, higher education, the media, the financial sector and the health sector in the US, Europe, and East Asia.

Meanwhile, Storm-2603 was “assessed with medium confidence to be a China-based threat actor”.

 

 

 


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NIMC Warns Nigerians of Fake NIN Website

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National Identity Management Commission (NIMC) has issued a public warning that it is not associated with NINcard.com.

NIMC Warns Nigerians of Fake NIN Website

According to the commission, the website has been circulating online to offer services for Nigerians seeking National Identification Number (NIN) services.

NIMC, in a post on its official X account on Wednesday, said, “NINcard.com is not in anyway affiliated to NIMC. Stay vigilant!”

The warning was accompanied by screenshots of fake payment receipts and OTP request pages from the website, both of which were boldly stamped “FAKE” by NIMC to alert the public.


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