E-Business
Samsung Electronics Tips First Annual Profit Fall in 3 Years

Global smartphone leader Samsung Electronics Co Ltd on Thursday confirmed expectations for its first annual profit decline since 2011, although a pickup in the fourth quarter hinted that earnings may have stabilized in the short term.
The South Korean tech giant lost market share for three consecutive quarters up to July-September, and analysts say the trend likely continued in the October-December period thanks to competition from Apple Inc’s new iPhones and cheaper Chinese rivals like Xiaomi Inc [XTC.UL].
Still, expectations of healthy memory chip demand and improvements in the mobile business on the back of new mid-to-low tier smartphones are buoying hopes that Samsung has at last staunched the bleeding in quarterly earnings.
“I think the company will show a turnaround,” said CIMB analyst Lee Do-hoon, pointing to the positive outlook for Samsung’s foundry and display panel businesses this year.
Samsung said its fourth-quarter operating profit is likely to be 5.2 trillion won ($4.74 billion), beating a mean forecast of 5 trillion won from a Thomson Reuters I/B/E/S survey of 44 analysts.
The outlook means Samsung’s 2014 profit will probably be 25 trillion won, the weakest in three years, although it marks a rebound from the third-quarter’s 4.1 trillion won profit which was the firm’s lowest quarterly result in more than three years. The company is expected to release its annual results around the end of January.
Samsung shares were trading 0.5 percent higher as of 0310 GMT, compared with a 1.1 percent rise for the broader market.
“There were concerns about the mobile division but it looks like the won’s recent weakness against the dollar and the Galaxy Note 4 impact helped,” HMC Investment analyst Greg Roh said, referring to solid sales of Samsung’s latest flagship phone.
“I expect profits to continue improving through at least the second quarter of 2015.”
Several analysts tipped the semiconductor division to have earned more than the cash cow mobile business in October-December, buoyed by healthy demand for memory chips from personal computers and smartphones.
The company did not provide a breakdown of its earnings figures in Thursday’s outlook, but a person with direct knowledge of the matter told Reuters that components sales picked up across the board, with healthy demand for memory chips and higher liquid crystal display panel prices.
The mobile division’s contribution to Samsung’s profit has slipped from about 68 percent at its peak in 2013 to about 44 percent in the third quarter, as its high-end offerings lost out to Apple’s iPhones. Meanwhile buyers in booming emerging markets like China have opted for cheaper devices rather than Samsung’s flagship Galaxy series.
The mobile division’s fourth-quarter profit improved slightly from the previous quarter due to a pickup in sales of premium products like the Galaxy Note 4 and lower marketing costs, the person with knowledge of the matter said, requesting anonymity because they were not authorized to speak publicly. But overall smartphone shipments fell, the person added.
Analysts say the company’s new focus on mid-to-low tier smartphones will squeeze margins and cap profits, offsetting the benefits of the expected increase in sales.
“It’d be hard to expect a sharp pickup in earnings from the mobile division in the absence of a hit product,” Korea Investment Trust Management Baik Jae-yer said.
The median forecast from a Thomson Reuters I/B/E/S survey of 52 analysts tips a 23.8 trillion won profit for 2015, which would mean a second straight annual decline if Thursday’s profit guidance is confirmed.
Samsung is talking up its internet of things-related businesses such as the smart home as the next big thing, while launching new quantum dot televisions and metal-body smartphones to boost earnings. But investors do not expect a profit surge from Samsung in the near term.
“What Samsung needs to show under the new regime of Vice Chairman Jay Y. Lee is stabilization, and that includes earnings,” HDC Asset Management fund manager Park Jung-hoon said ahead of Samsung’s guidance.
E-Business
Kaspersky Uncovers Cyber Threats Defining the First Half of 2026 in Nigeria, Others

Kaspersky’s Global Research & Analysis Team (GReAT) reveals key cyber threat trends for the first half of 2026 at the recent Cyber Security Weekend for the Middle East, Turkiye and Africa region (META).

As the cybersecurity landscape continues to evolve, cyberthreats are becoming increasingly diverse and sophisticated. The rapid adoption of artificial intelligence (AI), coupled with ongoing geopolitical and economic instability, is contributing to the rise of cybercrime and the growing complexity of cyberattacks.
According to Kaspersky’s telemetry, online threats exploiting vulnerabilities in websites, emails and web services continued to affect millions of users across the META region during the first half of 2026.
Specifically, Kaspersky detection systems stopped 1,6M attacks from various online resources in Nigeria. Turkiye recorded the highest percentage of users affected by web-based threats at 22.8%, followed by Kenya (21.2%), Qatar (19.3%), Nigeria (18.4%) and South Africa (17.2%). In contrast, Saudi Arabia, Jordan and Pakistan registered the lowest share of users targeted by web-borne attacks in the region.
AI is transforming attacker operations
Kaspersky experts report that threat actors are increasingly integrating AI into different stages of their operations. Large language models are already being used to generate phishing emails, malicious code and supporting operational content.
AI is also beginning to play a larger role in malware development. Modern language models are capable of generating substantial portions of malicious software, from initial code scaffolding to functional modules.
Researchers have already observed AI-assisted malware development in campaigns linked to the FunkSec group, which deployed Rust-based malware capable of data theft, encryption and process manipulation. Similarly, during the RevengeHotels campaign in 2025, threat actors used large language models to generate portions of the infector and downloader code.
“We expect AI to remain one of the key factors shaping the threat landscape in 2026, as we already see how it is reshaping attacker workflows and accelerating their operations,” said Sergey Lozhkin, Head of Global Research and Analysis Team in APAC and META regions at Kaspersky. “By lowering the time and cost required to develop and adapt malicious tools, AI allows threat actors to iterate faster and scale their efforts. Defenders should be prepared for quicker shifts in tactics.”
Emerging trends shaping the cyber threat landscape
In addition to the growing use of AI by cybercriminals, Kaspersky experts identified several trends that organisations should monitor closely:
- AI-driven malware evolution: generative models can rewrite malware in different languages or architectures, making malicious code harder to detect, and faster to deploy at scale.
- Cloud-based data exfiltration: attackers increasingly route stolen data through legitimate cloud and file-sharing services to blend in with normal traffic.
- Ransomware targeting operations: some groups disrupt production and business processes, not just encrypt data, to increase pressure for payment.
- AI agents as persistence mechanisms: some AI agent solutions are granted broad or even full system access. If compromised, attackers could modify the system prompt or the agent’s configuration, for example, causing it to download a payload on every startup.
- Malicious AI skills become a new attack vector: as AI agents gain broader access to enterprise systems, attackers start to exploit compromised skills to manipulate agent behaviour, steal sensitive data, execute unauthorised actions, and establish persistent access. This creates a new layer of risk where trusted AI tools can be turned into powerful mechanisms for cyberattacks.
As cyberthreats continue to evolve alongside emerging technologies, Kaspersky recommends that organisations strengthen their cybersecurity posture through continuous vulnerability management, timely patching, employee awareness training, threat intelligence, and advanced security solutions like Kaspersky Next, capable of detecting sophisticated and AI-assisted attacks.
E-Business
Kaspersky Uncovers New Mirage Kitten Malware Used in Cyber-espionage Campaign Across Africa, Others
Kaspersky Global Research and Analysis Team (GReAT) has discovered a previously undocumented malware set used by Mirage Kitten APT. The findings were revealed at its annual Kaspersky Cyber Security Weekend for the Middle East, Turkiye and Africa (META).
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The malicious tools were used in a targeted campaign aimed at maintaining long-term access to victim networks and stealing sensitive data.
The company’s researchers have identified victims of this campaign across the Middle East and Africa, including organisations in Egypt, small and medium-sized businesses and government entities in Jordan and Tanzania, aviation organisations in Pakistan, telecommunications companies in Ethiopia and financial-sector entities in Burkina Faso.
The toolset consists of three custom programs. At its core is NightLedger, a newly discovered Windows backdoor attributed to the group based on code and behavioural similarities to its previously known malware, which gives the attackers remote control over infected machines: they can run commands, explore and transfer files and capture screenshots.
It is complemented by two covert tunneling tools, ArcBridge and BridgeHead, which effectively turn a compromised computer into a relay node: the attackers run their tools on their own servers, while all the resulting traffic is quietly funneled through the victim’s machine, as if it originated from inside the victim’s network.
This lets them slip past network defences and preserve long-term access without drawing attention. The first of these tools was identified in April 2026 in activity targeting victims in the Middle East.
While the initial access vector remains unclear in most cases, Kaspersky GReAT researchers observed BridgeHead being deployed during post-compromise activity in victim environments in Egypt and at an aerospace and aviation organisation in Pakistan. In those cases, the intrusion activity followed targeted spear-phishing attempts consistent with the group’s known methods.
The lures were highly tailored including recruitment-themed messages impersonating trusted brands and hiring platforms, as well as fake videoconferencing pages that redirected victims to malicious archive files hosted on third-party file-sharing services.
“Based on our latest findings, we conclude that Mirage Kitten continues to evolve its malware arsenal in support of targeted cyber-espionage operations across the Middle East and Africa.
“Another notable aspect of the campaign is the group’s continued reliance on tunneling utilities as part of its operational toolkit: in practice this enables attackers to bypass network controls, maintain covert access to compromised environments and significantly complicate detection efforts.
“Given the persistence and sophistication of these techniques, organisations and defenders should incorporate these findings into their threat assessments and strengthen their detection and response capabilities accordingly,” says Omar Amin, senior security researcher at Kaspersky GReAT.
E-Business
NDPC Directs DCPMIs to Register with Agency or Face Legal Consequences

Nigeria Data Protection Commission (NDPC) has directed all Data Controllers and Data Processors of Major Importance (DCPMIs), yet to register with the commission to do so immediately.

This followed a Federal High Court judgment affirming NDPC statutory powers to designate and register such entities.
DCPMIs are entities operating in Nigeria that handle sensitive personal data or large volumes of information, requiring mandatory registration with the NDPC under the Nigeria Data Protection Act (NDPA).
In a statement issued on Tuesday by Babatunde Bamigboye, head of Legal, Enforcement and Regulations at the NDPC, described the judgment as a major milestone for data accountability and regulatory oversight in Nigeria.
The commission said the ruling arose from a suit filed by Emmanuel Harunna against the NDPC in Emmanuel Harunna v. NDPC (FHC/L/CS/1116/2024), in which the applicant sought a declaration that Point of Sale agents were not Data Controllers or Processors of Major Importance under the Nigeria Data Protection Act and requested a perpetual injunction restraining the commission from registering them.
According to the statement, Justice F.N. Ogazi examined the commission’s Guidance Notice on Registration alongside Sections 5(d), 6(c), 44, 45 and 65 of the Nigeria Data Protection Act before concluding that the commission acted within its statutory powers in designating entities under the Major Data Processing – Ordinary High Level category as Data Controllers and Processors of Major Importance.
Quoting the judgment, the statement read, “The Nigeria Data Protection Act was enacted to promote accountability, transparency and responsible data governance. Registration enables the Respondent to identify entities engaged in significant data processing activities, monitor compliance.”
It added that the court held that, “Far from undermining the constitutional right to privacy, the registration framework is one of the statutory mechanisms designed to safeguard that very right by subjecting data controllers and data processors to effective regulatory oversight.”
The statement further quoted the court as saying, “Looking at the recitals of the Guidance Notice, there is every indication that the Guidance Notice is also aimed at protecting the privacy and security of data subjects, thus bringing the registration requirement of the Guidance Notice within the protective shield of Section 45 of the 1999 Constitution.”
According to the commission, the court also held that, “Remarkably, Section 63 of the Data Protection Act provides that the provisions of the Act shall prevail over any other law inconsistent with its provisions on matters relating to the processing of personal data.”
Reacting to the judgment, the commission described the decision as a significant boost to Nigeria’s data protection regime.
“The Commission appreciates the ground-breaking efforts of the court towards the advancement of the jurisprudence relating to data accountability in Nigeria, as eloquently demonstrated in this case,” the statement read.
Following the ruling, Vincent Olatunji, national commissioner and chief executive officer, had directed every Data Controller and Processor of Major Importance that had yet to comply with the registration requirement to register without delay.
The commission warned that entities failing to comply with the registration requirement could face legal consequences.
“Failure to register creates serious legal liabilities under the law, while compliance with registration requirements builds public trust and safeguards the fundamental rights and freedoms of data subjects in Nigeria,” the statement added.
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