E-Business
SAS, Resourcery Proffer Fraud Prevention Solutions

The changing trends and technologies in the fight against financial crime as well as Data Management and Governance framework were the key discussions during the breakfast session organized for technology executives of financial institutions by SAS Institute and Resourcery and Lagos recently.
At the well-attended event, Antionette Van Zyl, Senior Solution Manager for Data Management & Data Quality at SAS, gave a presentation on Data Management and Data Governance framework. Van Zyl, noted that Data Management has three major key drivers namely; Business and revenue optimization, Risk, governance and compliance as well as cost control.
Starting with the business and revenue optimization, she said quality management by financial institutions would adequately address customer acquisition, satisfaction and loyalty worries as well as enhance their revenue drive.
On cost control, she noted that modernized cost control process driven by I.T. efficiency would see an increase in productivity. All of these would be aided by Data governance, risk mitigation as well as adequate compliance.
Van Zyl was quoted stating “Better and faster business decisions depend on getting data in the right place by effectively moving data between systems. This must be done at the right time by supporting all data delivery latencies and architectures. This data must also be in the right form and should be available to the right people.”
“That is why SAS Institute in partnership with Resourcery here in Nigeria is determined to change the data management equation from 80% spent on problem solving preparation and only 20% spent on solving the problem to 20% spent on problem solving preparation and 80% spent on actually solving the problem. With SAS data management solutions, the Nigerian financial sector would see a significant reduction in fraud related case.”
Speaking on the changing trends and technologies in the fight against financial crimes, William Lawrence who is the Regional Practice lead for fraud and financial crimes at SAS Institute noted that it’s common knowledge today that just one layer of protection is not enough to keep determined fraudsters out of enterprise systems.
This means it would take a multi-layer approach to be successful. The multi-layer approach is what SAS fraud management solution is offering to customers.
He said: “with the deployment of SAS framework, organizations would see improvement in fraud detection efficiency and coverage. These would include previously undetected fraudulent networks and extinctions to already identified fraud. It would also reduce false positive rates which mean a significant improvement in “quality” of suspicious cases that would previously have not been investigated.”
“With an improved investigation efficiency of less than half the time it takes with link analysis visualization and an improved real-time ability process, which allows fraudulent transactions to be routed appropriately, the SAS anti-fraud framework clearly delivers financial benefits to business organizations.”
E-Business
Microsoft Servers Hacked by Chinese Groups

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”.
E-Business
NIMC Warns Nigerians of Fake NIN Website

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.
E-Business
NITDA, API Partner Against Harmful Online Content

National Information Technology Development Agency (NITDA), in partnership with the Advocacy for Policy and Innovation (API), has convened a one-day workshop in Abuja to advance dialogue on the draft Online Harm Protection (OHP) Bill to confront harmful online content.
The bill, a rights-based, locally rooted, and multi-stakeholder initiative, is aimed at addressing the challenges of the digital age.
The event, which held yesterday, brought together government officials, civil society, academics, digital platforms, and legal experts to shape a policy framework designed to combat online ills such as cyberbullying, disinformation, hate speech, digital exploitation, and gender-based violence, while safeguarding democratic freedoms and digital inclusion.
In his keynote remarks, Kashifu Inuwa, director general, NITDA urged a paradigm shift in the way society engages with digital technologies.
“For almost two decades, we have viewed digital technology through a consumer lens. But these technologies are not just products and services. They are transforming how we live, work, and interact. They shape our politics, our society, and our democracy,” he said.
Warning against unaccountable digital power in the hands of private corporations, the DG likened the digital journey to the tale of Alice in Wonderland, where initial fascination with innovation has given way to deeper concerns about privacy, autonomy, and manipulation by big tech platforms.
“We thought we were using Google, but now we realise Google is using us. Social media, once a tool of expression, has become a tool of surveillance and influence,” Inuwa noted.
He, therefore, emphasised the urgency of developing a democratic and accountable framework. He explained that following the 2021 Twitter ban, NITDA facilitated dialogue between the government and platform operators, leading to a Code of Practice that stressed Nigeria’s sovereignty and legal standards.
According to him, the same process birthed the multi-stakeholder steering committee and the OHP White Paper in December 2024, laying the foundation for the current legislative push.
Earlier in her opening remarks, Victoria Manya, co-founder, API, observed the moral and civic necessity of the bill.
Her words: “The internet did not break society, it merely revealed its unfiltered version. Every day, Nigerians are exposed to harassment, disinformation, exploitation, and even algorithmic violence. The OHP Bill is not a war on the Internet. It is a peace offering to its users, a social contract for a digital future that is safe, inclusive, and democratic.
“We cannot answer the question of algorithmic power with unchecked state control. We must answer it with shared, rights-based governance. This bill must not be written for the people, but with them.”
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