E-Business
SAS Institute, Resourcery Collaborate on Fraud Management Seminar
Resourcery Plc, leading West African Information Technology company, and SAS Institute the global leader in business analytics software and services, will be discussing the role of analytics in managing fraud and data during a business session for leaders of financial institutions in Nigeria.
The event will be held on November 8th, 2013 at the Wheatbaker Hotel in Ikoyi.
The “Fraud and Data Management breakfast event” will provide the heads of compliance, internal control, risk management and information technology departments with an opportunity to explore how SAS can help them to not only detect financial crimes, which is a growing worldwide problem, but also prevent the fraud from occurring in the first place.
From a data management point of view, SAS will share insights into how companies can maintain the deluge of information they have within the organization in a usable, logical framework.
Tunde Balogun, Resourcery’s Solutions manager, business application, said; “As a leading partner of SAS in West Africa, Resourcery is committed to providing our customers with the best available information technology business solutions that’ll enhance their services. In providing this platform, we have again demonstrated our support for the overall development of our financial institutions as it relates to the reduction of fraud and data management.”
“Just as fraud prevention is an important business task for banks, data management doubles as its Siamese twin. Bad data isn’t just annoying; it can damage strategic business plans of financial institutions. We know that the IT environment is complex, so also is the need for data management which is the very vital tool of our banking institutions. The ability to successfully manage information disrupting systems and processes is what we bring to our customers at this event,” he added.
According to Edward Sungura, SAS sales director, Sub-Saharan Africa, “our guests would learn how to build and use holistic customer behavioural patterns in the fraud detection process. “They would also be able to gain a true enterprise view of fraud by aggregating alerts from multiple systems into a single environment. But most importantly, they’ll learn how to increase their organization’s return on investment through fewer false positives and more accurate investigations.
Said Sungura: “Unless compliance, internal control, customers’ data and IT managers trust their data, every operational process, report and decision will lower their confidence in the decisions they make based on that information. Whether it’s a mainframe, relational database, enterprise application or big data, only high-quality data can determine if the system is useful. With technology built on data quality, attendees would see how they can stop reacting to bad data and start using quality data to make a difference.”
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.
Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.
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”.
National Identity Management Commission (NIMC) has issued a public warning that it is not associated with NINcard.com.
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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