Data protection has become crucial in the digital age with the rate of data loss and disclosure of processed data to third parties. The data breach experienced by Yahoo, LinkedIn, Equinox, and the Facebook cum Cambridge Analytica scandal has reinforced the assertion that data is the new oil in the digital economy. Consequently, the perspective…
FinTech and e-commerce are gathering momentum in Africa. About one-third of the total funds raised in 2017 by startups in Africa was in the FinTech sector while e-commerce startups raised over $16.7 million. According to the Economist Intelligence Unit, e-commerce in Africa is projected to reach $50 – $75 billion in the next 5 – 10…
In less than five days, 2017 will end and we will welcome 2018 with the euphoria of “Happy New Year”. A quick review of 2017 showed that the tech sector had copious exciting news including; the potential acquisition of 21st Century Fox by the Walt Disney Company for $52.4 billion (subject to approval of antitrust…
AXA Insurance in Singapore has suffered a cyber attack on its Health Portal which has led to the loss of personal data belonging to 5,400 policy holders. The data stolen from its Health Portal include date of birth, mobile number and email address of the affected policy holders. AXA stated that no other personal data…
At the Federal Executive Council (FEC) meeting held on Wednesday, August 2, 2017, the FEC approved the grant of pioneer status to 27 industries. These industries include: E-commerce services; Software development and publishing; Mining and processing of coal; Processing and preservation of meat/poultry and production of meat/poultry products; Manufacture of starches and starch products; Processing…
A technology company based in Wisconsin is offering its employees microchip implants that can be used to scan into the building and purchase food at work. The chip which uses RFID technology or Radio-Frequency Identification, can be implanted between the thumb and forefinger “within seconds,” The company stated that microchip implant is not compulsory for its employees.
The founder and executive chairman of Alibaba Group, Jack Ma has launched $10 million African Young Entrepreneurs Fund. Ma who is also the Special Adviser to the United Nations Conference on Trade and Development (UNCTAD) for Youth Entrepreneurship and Small Business made the announcement at the Youth Connekt Africa Summit co-hosted by UNCTAD and the…
“GoldenEye” a new strain of the Petya ransomware that initially hit Ukraine has spread to another 64 countries, including Belgium, Brazil, Denmark, France, Germany, India, Russia, Spain, UK and USA . GoldenEye encrypts files and hard drives, rendering entire computer systems inaccessible. It has been opined by some security experts that GoldenEye attack might be bigger…
Introduction[1] In 2004, a framework for cyber security was developed on the recommendations of the Presidential Committee on Illegal Online Activities. It was the first attempt at having an agenda for cyber security in Nigeria. The framework was for the purpose of setting a clear direction for the coordination of Nigeria’s activities in the cyberspace,…
A Nigerian company, Retail Development and Investment Company (RDIC), has executed a Memorandum of Understanding (MOU) with Shenzhen Jizhao Information Technology Co. Ltd., China to situate a smart phone and tablet assembly plant in Anambra State, Nigeria. It is anticipated that the assembly plant will roll out upto 150,000 smart phones per month. The Managing Director, RIDC, Ejimofor…
Akin Tech Lawyer 