Business
Hacking Spreads To Smartphones
While the phone hacking by British tabloid News of the World was unexceptional by technical standards, security experts say the scandal portends how the growth of smartphones will lead to more sophisticated breaches.
The tactics that tabloid reporters used to eavesdrop on high-profile British targets — and eventually led News Corp. to announce Thursday it is killing the 167-year-old publication — were remarkably low tech.
Former News of the World staffers say that reporters employed tricks to access voice-mail inboxes and procure a great deal of information from British celebrities and the royal family. Experts say that to obtain the PIN codes needed to access those accounts, the reporters used an illegal method known as pretexting.
This tactic involves calling, say, a customer-service representative for a cell-phone operator and impersonating someone to get details about that person’s account. In many places, such as the United Kingdom and the United States, such practices are now prohibited.
Pretexting used to be a vital tool for freelance investigators, said Frank Ahearn, a former detective who does consulting on how to avoid detection, in an interview with CNN last year. “I could still do it, but I just don’t, because it’s illegal now,” he said.
News of the World appears to have exploited a mechanism in mobile-phone carriers’ systems that allow people to access voice-mail messages remotely, from any phone, experts say.
stalling poison applications or opening malicious links in their Web browsers. Attacks using the latter method are becoming ever more sophisticated because software makers provide few safeguards against them.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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