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NCC: We Will Continue to Fight against Cyber-criminality

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  • NCC: We Will Continue to Fight against Cyber-criminality

The Nigerian Communications Commission (NCC) has said it will not relent in its fight against cybercriminals until the cyberspace is completely free from attacks.

The NCC reiterated its commitment to cybersecurity at a workshop of the Industry Working Group (IWG) on electronic banking fraud at the Digital Bridge Institute (DBI) Kano, last week.

On assumption of office, the Executive Vice Chairman of the NCC, Prof. Umar Garba Danbatta reeled out his 8-Point agenda for the industry, of which facilitating strategic collaboration and partnership with relevant stakeholders to foster ICT for sustainable economic development and social advancement became priority for the Commission.

The IWG, which was constituted early in the year, has as members, stakeholders from the Nigerian Communications Commission (NCC), Central Bank of Nigeria (CBN), Civil Society Organisations (CSO) as well as Value Added Service (VAS) providers.

The Executive Commissioner, Technical Services at the NCC, Ubale Maska, in his opening remarks to participants at the workshop, said the high level of fraud in the industry led to the constitution of the IWG which is saddled with the responsibility of proffering solutions to the rising rate of electronic fraud in the country.

During his presentation titled: “Electronic Banking Fraud in Nigeria – Challenges and Way Forward”, a Deputy Director at the NCC, Bako Wakil, said it became necessary to grab the bull by the horn, following a visit by the Deputy Governor of the CBN to management of the NCC to discuss the prevalence of banking fraud using telecommunications infrastructure. This was necessitated, after petitions by Nigerian banks to the apex bank began to raise red-flags at the sophisticated methods employed by cyber criminals via telecoms infrastructure in defrauding unsuspecting customers.

Wakil said the terms of reference for the committee was to look at the technicality and security of mobile banking; awareness issues in mobile banking; SIM card replacement processes; SIM card cloning as well as unsolicited text messages.

The sub-committee, which was set up acknowledged that banking fraud remained a growing national problem, which denies innocent Nigerians of their earnings daily and came up with 21 recommendations categorised into short-term, mid-term and long term, with the aim of checkmating the growing threat to Nigerians. The IWG is expected to meet quarterly to review the progress and address new challenges facing the sector.

The workshop was participatory and members of the public seized the opportunity to contribute to discussions by welcoming the strategic collaboration between NCC and CBN in checking the excesses of cyber criminals. NCC was encouraged to ramp up its sensitization exercise around the country by continuously engaging and enlightening the public on developments in the telecoms industry.

Kano Zonal Coordinator, NCC, Adamu Amshi, told the gathering that the enforcement team of the Commission along with security agents had recently arrested telecoms vendors selling pre-registered SIM cards and handed them over to the relevant authorities for prosecution in order to protect telecoms consumers from unfair practices by unscrupulous elements in the society.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Nigeria to Expand Internet Access with 90,000km of Fibre Optic Cable

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In a bid to bridge the digital divide and enhance internet accessibility across Nigeria, the Federal Government has approved an initiative to expand the country’s internet infrastructure by laying an additional 90,000 kilometers of fiber optic cable.

The announcement was made by the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, who said the project will bolster national connectivity and optimize the utilization of existing submarine cables landed in Nigeria.

Tijani explained that the project will increase Nigeria’s fiber optic cable capacity from the current 35,000 kilometers to 125,000 kilometers.

This expansion positions Nigeria to become the third-largest terrestrial fiber optic backbone in Africa, trailing behind South Africa and Egypt.

The project will be overseen by a special purpose vehicle (SPV), a separate legal entity established to manage the implementation, finances, and operations of the fiber optics initiative.

Drawing inspiration from successful public-private partnership models like the Nigeria Inter-Bank Settlement System Plc (NIBSS) and Nigeria LNG Limited (NLNG), the SPV will ensure efficient governance and operations.

According to Tijani, the extensive fiber optic coverage will enable Nigeria to leverage the benefits of its eight submarine cables more effectively, thereby driving increased utilization of data capacity beyond the current 10 percent usage rate.

Moreover, the enhanced connectivity will facilitate the connection of over 200,000 educational, healthcare, and social institutions across the country, promoting inclusivity and broadening access to internet services.

The minister said the project aims to address the digital exclusion of approximately 50 percent of the 33 million Nigerians currently without internet access.

By expanding internet connectivity, the initiative is poised to contribute significantly to the country’s economic growth, with projected GDP growth of up to 1.5 percent per capita over the next four years.

Last week, a report by the Groupe Special Mobile Association revealed that 71 percent of Nigerians lack regular access to mobile internet.

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Biden Set to Quadruple Tariffs on Chinese Electric Vehicles in Defense of American Workers

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Electric car

President Joe Biden is preparing to quadruple tariffs on Chinese electric vehicles (EVs) as part of a broader strategy aimed at safeguarding American workers and industries.

The decision, expected to be announced imminently, reflects the Biden administration’s commitment to confronting perceived unfair trade practices and protecting domestic interests.

According to sources familiar with the matter, speaking on condition of anonymity due to the sensitivity of ongoing negotiations, the Biden administration will unveil measures to significantly increase tariffs on Chinese EVs and other key sectors.

The total tariff on Chinese electric vehicles is set to soar from 27.5% to 102.5%, marking a substantial escalation in trade barriers.

The impending tariff hike comes after nearly two years of review and deliberation, during which the Biden administration scrutinized the economic implications and strategic importance of various industries.

The decision to quadruple tariffs underscores the administration’s determination to address what it perceives as unfair trade practices that undermine American competitiveness and jeopardize vital sectors.

President Biden and his advisors have meticulously crafted the tariff measures, balancing the imperative to protect American industries with the need to avoid disruptions to the supply chain.

While specific details of the tariff adjustments remain undisclosed, the overarching objective is clear: to shield American workers from unfair competition and bolster domestic manufacturing capabilities.

The 2024 presidential race looms large over the flagship announcement, as Biden seeks to differentiate his approach to trade policy from that of his predecessor, Donald Trump.

While Biden is poised to largely renew Trump’s original tariffs, he aims to strike a delicate balance, eschewing widespread hikes that could trigger retaliatory measures and exacerbate global economic tensions.

The decision to quadruple tariffs on Chinese electric vehicles is not without its critics and potential repercussions.

Some industry observers warn of potential disruptions to supply chains and increased costs for consumers, while others question the effectiveness of tariffs as a tool for achieving broader economic objectives.

Nevertheless, the Biden administration remains steadfast in its commitment to protecting American interests and promoting fair and reciprocal trade practices.

By quadrupling tariffs on Chinese electric vehicles, President Biden sends a clear message that the United States will vigorously defend its industries against perceived threats and ensure a level playing field for domestic businesses.

As the announcement of the tariff escalation draws near, stakeholders across industries are closely monitoring developments and assessing the potential implications for their operations. With tensions between the United States and China showing no signs of abating, the Biden administration’s tariff measures are likely to further shape the dynamics of global trade and economic relations in the coming months.

Only time will tell how China will respond to the Biden administration’s tariff escalation and whether it will impact broader efforts to foster constructive dialogue and cooperation between the world’s two largest economies. For now, the stage is set for a renewed intensification of trade tensions, with the fate of American workers and industries hanging in the balance.

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ChatGPT Integration Set to Redefine iPhone User Interaction

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ChatGPT

Apple Inc. is reportedly finalizing an agreement with OpenAI to integrate the startup’s ChatGPT technology into its upcoming iOS 18 operating system.

This strategic partnership signals Apple’s deepening commitment to infusing artificial intelligence (AI) features into its flagship devices, promising a significant evolution in user experience.

According to sources familiar with the matter, who requested anonymity due to the confidentiality of ongoing negotiations, Apple and OpenAI have been ironing out the terms of the pact, aiming to seamlessly integrate ChatGPT capabilities directly into the iOS ecosystem.

ChatGPT, renowned for its advanced natural language processing and conversational abilities, stands poised to revolutionize how iPhone users interact with their devices.

The inclusion of ChatGPT in iOS 18 heralds a new era of intuitive and personalized interactions for Apple device users.

Leveraging the power of AI, ChatGPT enables natural language understanding, enabling users to engage in more fluid and contextually relevant conversations with their iPhones.

From answering queries and providing recommendations to offering assistance with tasks and even engaging in casual conversation, ChatGPT’s integration promises to elevate the iPhone’s functionality to unprecedented levels.

Apple’s move to integrate ChatGPT into its operating system comes amid a broader industry trend towards embedding AI-driven features into consumer electronics.

With competition intensifying in the AI space, Apple aims to fortify its position by leveraging cutting-edge technologies to enhance user experiences across its product ecosystem.

The impending announcement of ChatGPT integration underscores Apple’s strategic focus on AI innovation, a vision championed by CEO Tim Cook.

Cook, who has previously acknowledged using OpenAI’s ChatGPT, has emphasized the company’s commitment to deploying AI features thoughtfully and responsibly.

The forthcoming Worldwide Developers Conference (WWDC), slated for next month, is expected to serve as the stage for Apple’s grand unveiling of its latest AI-driven initiatives.

With rumors swirling about a flurry of new AI features poised to debut at the event, anticipation is mounting among tech enthusiasts eager to witness the next evolution of iPhone capabilities.

While the partnership between Apple and OpenAI represents a significant step forward in AI integration, challenges and concerns remain.

Chief among them are privacy considerations and ensuring that AI technologies are deployed in a manner that prioritizes user consent and data security.

As Apple prepares to usher in a new era of iPhone user interaction powered by ChatGPT, the tech world eagerly awaits the transformative impact of this landmark integration.

With the convergence of cutting-edge AI and Apple’s signature hardware-software integration, the stage is set for a revolution in how we engage with our devices.

Only time will tell how ChatGPT’s integration will redefine the iPhone experience, but one thing is certain: the future of smartphone interaction has never looked more promising.

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