E-Business
Why Many Web Projects Fail, Prepare for 2014

Vibe Web Solutions Limited said that after years of working with various clients, it often wondered why some of the projects have failed even beyond launching and why so many of the clients have to return after their Web Projects fail.
Meanwhile, about 75% of businesses come from projects where someone else could not get the job done. The most common situation is what the Company called the “Money Pit – No Clear Vision and Purpose”.
This informed the article on: the most common reasons why so many web projects fail, especially in 2013, even as companies and individuals get ready for 2014.
Jumping the Gun:
Lack of a clear definition of the scope and requirements: Everyone is so anxious to get going and they think they know where they are going. But they don’t think about how it’s going to work and what happens under different scenarios.
This is especially true when a company puts their business online. How will this new process affect your business?
Most clients think they know what they want, but the devil is in the details. I can’t tell you how many clients we meet with that when pressed to detail their process, haven’t thought through all of the ramifications.
Make sure you go through a detailed planning exercise before you start building. Make sure building something that your customers want and need, not just what you want. Get input from customers.
Do not want to pay for the service rendered:
This kind of approach as 100% fail rate. If the client approach business this way then he will frustrate the web developer from rendering high standard service and in return get disappointed. In most cases they end up spending more than they want.
The “Facebook Syndrome” Biting off more than you can chew.
Be careful not to bite off more than you can chew. Rome wasn’t built in a day. If you have a really complex project, do it in phases. You don’t have to publish it all on the web at once. There is nothing wrong with replacing your existing website after three or four phases are completed.
Putting the Design First:
Designing without purpose or function. We have seen some absolutely beautiful designs for new projects that just cannot be built or would be too expensive to build. It’s best to wireframe out all of the functionality taking into account the platform you’re using before the design is done. Then have your development team work with the designer, so together they come up with something that is beautiful and functional. Otherwise you could come up with a Frankenstein site that is neither.
Getting Off Track: Scope Creep:
This happens a lot. A good PM’s main job is to keep things on track. It’s natural as you go through the development, to come up with new ideas and things you want. You need to realize that every time you make a change, it adds to the time and cost of your project. Changes late within the process have large affects. If a website is built and tested, you will have to retest after the change. Some changes are beneficial, especially if they make the website better for your users. But lots of indecision and changing can derail a project. Scope Creep happens when decision makers aren’t involved early on or the project didn’t go through proper planning.
No Functionality Testing:
Lack of cohesive Quality Assurance. It’s important to unit test each piece of functionality and then do regression testing on the final product. All projects have bugs, so it’s better to have the developers find the problems instead of your users. We usually set aside 20% to 25% of the development time to perform proper QA. Make sure there is a comprehensive QA Plan, otherwise you could get a website that has a lot of issues. Developers need to be thinking about quality from day one and be responsible to fix their problems. Otherwise it could get very sloppy.
Building a successful web project requires all of these areas to be properly addressed. Failure to perform any of these tasks could derail a project which ends up being completely wasted money in the budget. When you select a developer make sure they can address all of these before you start. Properly done projects can be a tremendous asset to the wellbeing of your company.
E-Business
Domain of Deception as Attackers Deploy Spyware Under Guise of Legal Threats

Kaspersky has detected a rapidly escalating malicious campaign that has targeted over 1,100 corporate users since June 2025. The attackers pose as a legal firm and in their emails threaten recipients with lawsuits over alleged domain name patent violations, aiming to deploy malware.
Victims who opened and launched the attached files – that mimicked legal documents – had a Trojan installed on their devices, and the attackers could spy on the content of their screens. Organisations across healthcare, finance, and education sectors have been targeted.
The campaign began with 95 emails on June 11 and has since continued to escalate. Apart from claiming that the recipient’s domain name violates patented combinations of a major brand and threatening litigation, in the email the fake legal bureau also expresses the patent holders’ interest in acquiring the domain and offers getting acquainted with the details of the alleged violations by opening the attached archive with “documents”.
It is worth noting that the attackers, likely to avoid detection, attach an archive that is not password protected, and inside it includes another archive that is password protected and a file containing the password along with it.
After the user entered the archive password and clicked on the alleged legal document inside, a Trojan was installed on the device. The user saw a message displayed that read, “This document cannot be opened on this device. Try opening it on another windows device,” and simultaneously the Tor Browser was covertly downloaded and installed in the background.
Through it, the malware regularly sent snapshots of the user’s screen to the attackers over the Tor network. The malware also autostarts whenever the computer is restarted.
“This campaign is a sophisticated blend of psychological manipulation and technical deception, leveraging fear of legal action to coerce businesses into executing harmful files hidden in attached archives. Its rapid growth since June 11 underscores the urgency for organisations to bolster defenses.
Victims face the risk of losing their private data. Robust email security, employee training, and swift incident reporting are essential to counter this evolving threat,” comments Anna Lazaricheva, spam analyst at Kaspersky.
E-Business
Global Crypto Heists Surge to $2.1Bn in H1 2025 as Digital Assets is Weaponised

In a sobering revelation of the evolving threat landscape facing the digital asset ecosystem, blockchain intelligence firm TRM Labs has disclosed that over $2.1 billion worth of cryptocurrency was stolen in the first half of 2025 alone, spanning at least 75 high-profile hacks and exploits.
This staggering figure marks a 10 per cent surge over the previous first-half record set in 2022 and nearly eclipses the total stolen in all of 2024.
But beyond the monetary scale, the report reveals a deeper concern: a growing trend of state-sponsored cyber aggression weaponising crypto assets for strategic and geopolitical purposes.
The most devastating breach to date occurred in February when Dubai-based exchange Bybit lost $1.5 billion—the largest crypto heist in history.
TRM Labs attributes the attack to North Korean state actors, noting that the incident alone accounted for nearly 70 percent of total losses during the period and doubled the average hack size to $30 million.
“The Bybit hack redefined the threat landscape,” the report stated.
“It exemplifies how digital asset theft has transcended criminal opportunism and morphed into a tool of statecraft.”
Indeed, North Korea-linked entities were responsible for an estimated $1.6 billion of the total stolen, further entrenching Pyongyang’s status as the most prolific nation-state threat actor in the crypto sphere.
Yet the menace is diversifying. On June 18, Iranian crypto exchange Nobitex was breached for over $90 million by a group reportedly linked to Israel, Gonjeshke Darande (Predatory Sparrow).
Unusually, the stolen funds were routed to unusable vanity addresses, underscoring symbolic and political motives rather than financial gain.
TRM Labs flagged this as a “disturbing shift,” with digital asset theft increasingly deployed as a weapon in asymmetric geopolitical conflict.
The report also found that more than 80 percent of losses stemmed from infrastructure breaches, including private key theft, seed phrase leaks, and front-end compromises— attacks typically ten times costlier than other vectors.
Meanwhile, DeFi exploits such as flash loan manipulations accounted for 12 percent of losses, reflecting persistent smart contract vulnerabilities despite years of scrutiny.
As digital currencies become enmeshed in global rivalries, TRM Labs warns that conventional cybersecurity approaches are now inadequate.
“Massive breaches, often tied to nation-state operations, require a new defence paradigm,” the firm asserted, urging industrywide adoption of advanced safeguards and cross-border collaboration among regulators and law enforcement.
E-Business
CAC Launches AI-powered Business Registration Portal

Corporate Affairs Commission (CAC) has inaugurated the pilot take-off of its new Artificial Intelligence (AI)-powered registration portal.
A statement issued by the commission explained that Malam Hussaini Magaji, registrar-general of the CAC, made the announcement during the 2025 Stakeholders Forum in Port Harcourt.
According to him, “the initiative is a major milestone in Nigeria’s business facilitation drive.”
The Registrar further explained that the upgraded portal marks a complete overhaul of the Company Registration Portal (CRP), saying that it comes with advanced features designed to simplify and speed up business registration.
The new system, according to him, allows for instant name reservation approvals, likening the ease to creating an email account, and stressing that the AI-powered platform could suggest available alternatives to business names and approve them immediately.
Another innovation, he stated, is the ability to register a business using only the National Identification Number (NIN) of a director or proprietor, pointing out that there is an ambitious target of completing business registration and certificate generation within 30 minutes, subject to real-time NIN validation.
- Telecom2 days ago
AVEVA Highlights Climate Impact Gains in 2024 Sustainability Report
- General News2 days ago
AfCFTA Opens Opportunity for Logistics Sector
- Telecom2 days ago
ALTON Explains SIM-related Services Disruption Across Mobile Networks
- Telecom1 day ago
NCC Approves MTN, 9Mobile Roaming Collaboration Deal
- E-Financial1 day ago
World Bank Approves Extra $65m for Nigeria’s SPESSE
- Telecom2 days ago
MTN Foundation, NDLEA, UNODC Unite in Abuja Against Substance Abuse
- E-Financial1 day ago
Ecobank Taps Google Cloud to Deepen Financial Inclusion
- E-Business1 day ago
CAC Launches AI-powered Business Registration Portal