May 6, 2024
  • May 6, 2024
Breaking News

Data encryptions from ransomware attacks on businesses hit four-year high

by on May 11, 2023 0

  By Staff Reporter CYBERSECURITY firm, Sophos has revealed that the rate of successful data encryption from ransomware attacks on organizations and businesses hit the highest level in 2023. Sophos in its “State of Ransomware 2023” report, said it found that in 76 per cent of ransomware attacks against surveyed organizations, adversaries succeeded in...

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Foundry empowers over 300 entrepreneurs in Nigeria, others for sustainable growth

by on May 9, 2023 0

FOUNDRY, an initiative of The Nest Innovation and Technology Park, has empowered over 300 entrepreneurs from diverse industries, including agriculture, fashion, food and beverage, hospitality, healthcare, beauty and wellness, manufacturing, and recycling, were empowered with the right business and entrepreneurial knowledge to refine their businesses towards profitability and sustainable growth.     The empowerment, which is the sixth...

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The Creatives hub empowers next-gen artists with Art, AI workshop

by on May 9, 2023 0

THE Creatives Hub, an initiative of The Nest Innovation and Technology Park, has organised a three-day Digital Art and Artificial Intelligence (AI) workshop, where over 30 self-taught users and interested individuals in digital art, AI, and gaming sectors were in attendance.    This workshop, held in partnership with Africacomicade and sponsored by Newcomma, demonstrated the initiative’s commitment...

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Why robust IP system is critical to creativity, innovation, by WIPO, UNDP

by on April 28, 2023 0

WORLD Intellectual Property Organization (WIPO) and UNITED Nations Development Programme (UNDP) in collaboration with The Nest Innovation Hub, have hinged creativity and innovation on a robust Intellectual Property System. Gathered at a forum with the theme: ‘Intellectual Property and Development: Creative Ecosystem Conversation, held at Microsoft Office, Kings Tower, Ikoyi, Lagos, UNDP, WIPO and...

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AI scams explore cloning to defraud consumers as attacks rise by 264%

by on April 19, 2023 0

  By Favour Unukaso Cybercriminals are leveraging Artificial Intelligence (AI) through cloning to defraud unsuspecting consumers. A new report by iiDENTIFii, remote biometric digital authentication and automated onboarding technology platform, noted that this said imagine receiving a call, email or SMS from authorities urgently requesting payment. “The details of the request are clear, professional...

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Chinese brands dictate pace in Nigeria as NCC type-approved phones nears 2000

by on April 19, 2023 0

THE number of phones approved for sale in the country by the Nigerian Communications Commission (NCC) increased to 1,985 as of April 2023, gradually nearing the 2000 mark.     Checks showed that 24 new phone models were approved in the latest update from the Nigerian Communications Commission (NCC) between January and now.  As of January the...

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NCC moves against Nigeria’s N64b eWaste menace, plans regulation

by on March 16, 2023 0

  By Favour Unukaso AS part of moves to sanitise the environment, the Nigerian Communications Commission (NCC) has disclosed plans to commence activities that will result in the formulation of a regulation on E-Waste in Nigeria. NCC noted that currently, the global concern for the regulation of e-waste is two-pronged, which include the acute...

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Inflation, FX shrink Nigeria’s smartphones market by 32.1%

by on March 15, 2023 0

  MACRO economic challenges including inflation and forex challenge, especially dollar shortage have impacted the smartphone market in Nigeria.     The International Data Corporation (IDC) informed that Nigeria’s smartphone market declined 32.1 per cent year-on-year in Q4 2022 due to sustained high inflation and a shortage of U.S. dollars in the country.     Largely,...

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