Nigeria is losing trillions to corruption, say forensic experts
Businessam Staff
August 16, 2019
Forensic experts yesterday alleged growing cases of fraud, cybercrime and corruption in the country despite government’s effort to address these problems. At a press conference in Abuja, Ayishetu Enape,, the protem president of the Chartered Institute of Forensic and Investigative Auditors of Nigeria, said that the country’s loss to corruption “currently is in the region […]
Huawei calls for common cybersecurity standards amidst concerns
Businessam StaffMarch 5, 2019
Huawei, in the spotlight over the security risks of its telecom equipment gear, urged governments, the telecoms industry and regulators on Tuesday to work together to create a common set of cybersecurity standards. The call by Huawei Chairman Ken Hu came as the world’s largest telecoms equipment maker opened a cyber security center in Brussels, […]
Cisco eyes expanding cloud security capabilities after $2.35 billion Duo acquisition.
Justice OkamgbaAugust 16, 2018
Worldwide leader in IT and networking, Cisco Systems Inc. is confident of expanding its cloud security capabilities after buying cybersecurity unicorn, Duo Security, for a whopping $2.35 billion earlier this month. “We recently announced our intent to acquire Duo Security to extend our intent-based networking portfolio into multi-cloud environments. Duo’s SaaS-delivered solution will expand our […]
Nigeria’s internet gateway vulnerable on low attention to cybersecurity
Justice OkamgbaJuly 16, 2018
FPG Technologies and Solutions Limited, a member of Flexip Group, and a leading technology solutions provider and systems integrator has raised alarm over the low level of attention by organisations on cybersecurity, a global issue which poses a threat to both businesses and the entire Nigeria’s internet gateway. “Our internet gateway in this country is […]
Yahoo UK Fined £250, 000 For 2014 Cyber-Attack
Businessam StaffJune 12, 2018
British data protection watchdog on Tuesday slammed a £250, 000 fine on Yahoo UK Services Ltd for a cyber-attack that occurred in November 2014. Yahoo said that in 2016 at least 500 million of its accounts had been hacked two years earlier, Reuters reported. The Information Commissioner’s Office (ICO) said it focused on the 515,121 UK […]
Facebook rolls out GDPR privacy checkups worldwide
Businessam StaffMay 24, 2018
The deadline for compliance with Europe’s new privacy laws, the General Data Protection Regulation, GDPR, is Friday, May 25. and companies across the internet are asking all of their customers to review usually-skipped over privacy settings, including Facebook. According to CNBC report seen by business a.m, On Thursday, Facebook will start rolling out GDPR-compliant privacy check-ups […]
Apple tackles unauthorised location data sharing
Businessam StaffMay 10, 2018
Apple moved to ban apps which share location data with third parties, sending developers an email stating their product violates two sections of its store guidelines. In its email, the company states: “Upon re-evaluation, we found your app is not in compliance with the App Store Review Guidelines,” 9to5 Mac reported. Specifically, the apps were […]
Tech giants sign cybersecurity pact against misuse of connectivity technology
Businessam StaffApril 18, 2018
BT, Telefonica, Nokia, and Arm were among 34 companies which signed an international agreement to protect consumers from criminals and nations misusing connectivity technology. Companies joining the Cybersecurity Tech Accord promised to: boost defences; refuse to help governments launch cyberattacks against “innocent” citizens and enterprises; work with developers on enhanced security, and share details of […]
Mozilla launches Firefox extension to avoid Facebook’s spying eyes
Businessam StaffApril 1, 2018
In response to the Facebook data harvesting scandal, Mozilla has launched an extension for its Firefox Browser which helps you segregate your web activity from Facebook’s prying eyes by isolating your identity into a separate “container.” This makes it far more difficult for Facebook to track your activity on other websites using third-party cookies. Upon installation, the […]
Bitcoin rate drops further as Twitter bans crytocurrency ads on fraud fears
Businessam StaffMarch 28, 2018
Twitter, on Monday, prohibited the advertising of cryptocurrencies, crypto exchanges and wallet services from its platform, sending the value of bitcoin diving below $8,000. The social media platform announcing the new policy join its contemporaries Facebook and Google in a global clampdown of avoiding giving publicity to potential fraud. “We are committed to ensuring the safety […]