Bitcoin: Hackers’ ‘anonymous’ currency

“Bitcoin is digital cash. The transactions are totally anonymous and non-refundable. However they are totally traceable, Nicolas Debock of London-based Balderton Capital that specialises in virtual currencies said. “All the transactions are stored in databases called blockchains. It’s anonymous but anyone can monitor a bitcoin address and see how the money moves,” Debock said. “No-one… Read more Bitcoin: Hackers’ ‘anonymous’ currency

New WannaCry Ransomware and How to Protect Yourself

On Friday we alerted you to a global ransomware campaign a few hours after it started. That campaign has now infected over 10,000 organizations and 200,000 individuals in 150 countries. This includes the UK National Health System which saw ambulances divert from affected hospitals. On Friday a researcher accidentally stopped the ransomware from spreading by… Read more New WannaCry Ransomware and How to Protect Yourself

Lagos is relocating Nigeria’s largest computer market—and likely destroying it in the process

In the heart of Lagos, Africa’s biggest city, sits a sprawling, bustling market stacked with almost every tech product imaginable and known informally as “Computer Village.” Here, amongst a maze of shops and complexes, vendors serve thousands of Nigerians every day looking to buy or fix mobile phones, computers, hard drives, microchips and software. The… Read more Lagos is relocating Nigeria’s largest computer market—and likely destroying it in the process

Nigeria Ranks 3rd in Africa’s Internet Affordability Index – Report

The Alliance for Affordable Internet (A4AI) has ranked Nigeria third in its Africa Affordability Drivers Index, out of 27 countries studied by the group. The Africa Regional Coordinator of the group, Onica Makwakwa, made the disclosure at the unveiling of the Africa Affordability Report 2017 in Lagos on Tuesday. Click here to view complete post… Read more Nigeria Ranks 3rd in Africa’s Internet Affordability Index – Report

Nigeria: Struggle for Subscribers Divide Multichoice, Startimes Along Strategy Line

Multichoice and StarTimes, two major pay-TV providers in the country have thrown up various marketing stunts to retain and recruit prospective subscribers. The strategies employed by Multichoice was the DSTV Thank You programme to appreciation its subscribers across the rest of Africa – excluding South Africa. The programme is designed for Multichoice subscribers to get… Read more Nigeria: Struggle for Subscribers Divide Multichoice, Startimes Along Strategy Line

Nigerians would rather have a .com web address than .ng—and not just because it’s cheaper

Nigeria Internet Registration Association (NiRA), the body in charge of the process of registering .ng domains, Nigeria’s country code top level domain (ccTLD), is worried that Nigerians aren’t that enthusiastic about splashing out on a local address. So far only 80,000 .ng domains have been registered in the country but over in South Africa over… Read more Nigerians would rather have a .com web address than .ng—and not just because it’s cheaper

New Scam Shows Why You Should Never Click on Links in Emails

Email scams are one of the oldest tricks that internet scammers use to separate you from your valuable information. While they started off as laughable pleas from far-off princes, they’re now so advanced that you might not even be able to tell they’re fake. A security researcher recently discovered that URLs can be modified to… Read more New Scam Shows Why You Should Never Click on Links in Emails

How Piggybank & ALAT are banking on Nigerian technology

Piggybank.ng is a Nigerian Financial Technology (Fintech) startup and they run a simple online savings scheme where they make periodic deductions for customers to save towards targets. Their clients also earn interest income on the savings made. All that is required is to link a debit card to their platform online only. I was at… Read more How Piggybank & ALAT are banking on Nigerian technology

WEMA’S ALAT is Nigeria’s First Digital Bank

After the Nigerian civil service, the Nigerian banking sector comes in at a close second as the most frustrating place to carry out activities. The manner in which basic tasks are sometimes complicated is quite amazing actually. Even after the Bank Verification Number (BVN) allocation exercise, one would think that should serve as an alternative… Read more WEMA’S ALAT is Nigeria’s First Digital Bank

Cyber-attacks on Nigerian banks imminent, warns group

The Cyber Security Experts Association of Nigeria (CSEAN) has warned that with the level of vulnerability of the country to cyber-attacks, financial institutions may be hit soon. According to Afon, cyber-attacks were becoming more sophisticated, stressing the need to build resilient cyber defence mechanism for the country. Click here to view complete post at www.biztechafrica.com