NAIRA.COM

Microsoft has called for safer online community in Nigeria, stressing that cybercrime will cost the global economy $6 trillion by 2021. Microsoft said the call became necessary following increasing phishing attacks on the Nigerian community. The firm said phishing, which is the biggest security headache for businesses and individuals, is among the hardest to tackle. The American technology company said phishing increased by over 250 per cent in Nigeria and other parts of the world.Phishing is the fraudulent attempt to obtain sensitive information such as usernames, passwords and credit card details by disguising oneself as a trustworthy entity in an electronic communication. It is typically carried out by email spoofing or instant messaging. It often directs users to enter personal information at a fake website which matches the look and feel of the legitimate site. Speaking with Journalists yesterday, in Lagos, Country Manager for Nigeria & Ghana at Microsoft, Akin Banuso, d...

Facebook has launched a new app which will pay users to allow the social network to collect data on how people use their device and the apps downloaded to it. The new app, called Study from Facebook, will collect data on the amount of time spent using the apps on a device, as well as the names of activities used inside different apps and the participant’s country, device and network type. Facebook said it would recruit participants by running adverts for the app, which people will be able to click on and register their interest, and if they qualify they will then be invited to download the app from Google Play Store.  The app will only initially be available to people in the US and India. ‘Market research helps companies build better products for people. We believe this work is important to help us improve our products for the people who use Facebook,’ Facebook’s Sagee Ben-Zedeff said in a blog post on the new app. ‘We also know that this kind of research must be clear about ...

African financial technology (fintech) experts and entrepreneurs have identified Nigeria’s inability to retain her best talents as major contributor to socio-economic challenges facing the country. Speaking at the 2019 IE Africa Centre Forum yesterday in Lagos, they noted the need to re-invent the country’s education and make it a place for business opportunities. The experts include Head, TQM Wholesale Banking Access Bank, Tomilayo Aluko; President of IE University, Santiago Iñiguez de Onzoño; Managing Partner, Sahel Capital, Ndidi Nwuneli; Head Africa Fintech Foundry, Access Bank, Olusegun Adeniyi; Co-founder, Telnet Nigeria, Dr. Nadu Denloye; Principal Lead, BugIT, Gabriel Okeowo; and Lead Partner, Detail Commercial Solicitors, Ayuli Jemide. Themed ‘Africa Solutions, Global Challenges’, the event was designed to create a space to discuss how Africa’s unique innovations can offer instructive path to the world. It, however, created a platform to share how African change-maker...

Ericsson says that "rapid early momentum" and consumer enthusiasm means the switch to 5G is happening much faster than anticipated. The Swedish telecom-equipment maker said in a report Tuesday that 45% of the world's population will be able to access the next generation wireless networks in 2024. Ericsson (ERIC) also revised its estimate for global 5G subscriptions, which refers to active devices on 5G networks. It now expects 1.9 billion subscriptions by the end of 2024, up 27% from its forecast in November. "This is going much faster than we thought," said Patrik Cerwall, executive editor of the report. The world's mobile providers are racing to deploy the infrastructure necessary to support super-fast 5G networks, which will power technologies of the future such as self-driving cars and smart cities. Limited 5G launches have already taken place in the United Kingdom, the United States and South Korea. China is expected to follow shortly. Chip ...