The Nigerian Communications Commission (NCC) has called on stakeholders in the digital finance sector to protect consumers from financial losses.
The Executive Vice Chairman (EVC) of NCC, Prof. Umar Danbatta, made the call at the 2022 World Consumer Rights Day, celebrated yesterday in Abuja.
Danbatta said the call was necessary because more persons were into banking, insurance, and investment management digital services.
He said: Fair Digital Finance, which is the theme of this year’s World Consumer Rights Day, called for stakeholders to do more in protecting consumers from losses.
“These challenges of adapting to digital platforms for transactions are further worsened by unscrupulous people that exploit consumer vulnerabilities for illicit gains.
“All stakeholders have the responsibility to protect consumers against losses on account of their adopting digital platforms; they should enjoy the protection as obtained on the legacy platforms,” Danbatta said.
He added that in spite of the challenges, the commission would ensure more Nigerians had access to digital platforms.
He said with a robust infrastructure, the country would achieve over 80 per cent of digital inclusion in the next four years.
“As we address the threat and challenges to those that are already connected to digital finance, the Commission is mindful of those that are yet to be connected because of coverage issues.
“As many as 35 million Nigerians are yet to have access to telecommunications services and by implication, they lack access to digital financial services.
“This situation denies these Nigerians access to digital financial inclusion. It is a challenge that is attributable to the inadequacy of both wireless and fibre connectivity infrastructure.
“The fact remains that more citizens will embrace the digital financial culture when they have access to telecom services in the distant, isolated, unserved, and underserved communities where they dwell,” he said.
The EVC revealed that the commission would soon establish Telecom Consumer Assistance, Resolution and Enquiries (TELCARE) Desk, at strategic locations across the country, to provide information to telecom consumers.
Earlier, the Board Chairman of NCC, Prof. Adeolu Akande, said the theme of this year’s celebration was apt because the increasingly high speed of digitalisation of financial services.
Akande said more inclusions had thrown up many challenges for consumers as they navigate the new financial services landscape.
The Country Director, Save the Consumer, Mr Aliyu Ilias, commended the NCC and urged it and other regulators to check and investigate activities of online loan providers nationwide.
Dr. Christopher Nwanoro, President, National Disability Empowerment Forum (NADEF) applauded the NCC for its inclusion of persons with disabilities in Nigeria.
Nwanoro also sought the Commission’s support to produce a user-friendly telecom manual, especially in form of braille to assist consumers living with disabilities.
The Tide’s source reports that the event also featured debates for secondary schools and roads works in all its zonal offices.
Commission Raises Alarm On New Hackers’ Tricks
The Nigerian Communications Commission (NCC) has alerted telecom consumers and members of the public on an ongoing cyber-vulnerability which allows a nearby hacker to unlock vehicles, start their engines wirelessly and make away with them.
The NCC’s Director of Public Affairs (DPA), Dr Ikechukwu Adinde, made this known in a statement on Sunday in Abuja.
Adinde quoted the latest advisory released by the Computer Security Incident Response Team (CSIRT) established by the NCC.
“The fact that car remotes were categorised as short-range devices that make use of Radio Frequency (RF) to lock and unlock cars informed the need to alert Nigerians on this emergent danger.
“The vulnerability is a Man-in-the-Middle (MitM) attack or, more specifically, a replay attack in which an attacker intercepts the RF signals normally sent from a remote key fob to the car.
“It manipulates these signals and re-sends them/ later/ to/ unlock the car at will.With this latest type of cyber-attack, it is also possible to manipulate the captured commands and re-transmit them to achieve a different outcome altogether”, the statement revealed.
It explained further that “Multiple researchers disclosed a vulnerability, which is said to be used by a nearby/ attacker to unlock/ some Honda and Acura car models and start their engines wirelessly.
“The attack”, it continued, “consists of a threat actor capturing the RF signals sent from your key fob to the car/ and resending these signals to take control of your car’s remote keyless entry system”.
The DPA, however, said the NCC-CSIRT, in the advisory had offered some precautionary measures or solutions that could be adopted by car owners to prevent falling victim.
According to the cyber-alert unit of the Commission, when affected, the only mitigation was to reset ones key fob at the dealer’s.
“Besides, the affected car manufacturer may provide a security mechanism that will generate fresh codes for each authentication request, this makes it difficult for an attacker to ‘replay’ the codes thereafter.
“Additionally, vulnerable car users should store their key fobs in signal-blocking/ ’Faraday pouches’ when not in use”, the statement added.
Adinde advised car owners in these categories to choose Passive Keyless Entry (PKE) as opposed to Remote Keyless Entry (RKE), which would make it harder for an attacker to read the signal due to the fact that criminals would need to be at close range to carry out their nefarious acts.
He explained that the PKE is an automotive security system that operates automatically when the user is in proximity to the vehicle, unlocking the door on approach or when the door handle is pulled.
He also said that the user locks it when walking away or touches the car on exit.
He added that the RKE system, on the other hand, represents the standard solution for conveniently locking and unlocking a vehicle’s doors and luggage compartment by remote control.
In a related advisory, he said the NCC, based on another detection by CSIRT, wishes to inform the public about the resurgence of Joker Trojan-Infected Android Apps on Google Play Store.
Agency’s Head Makes Case For Biosafety Law
Director-General of National Biotechnology Development Agency(NABDA), Prof. Abdullahi Mustapha, has said that successful operations of biosafety laws in Nigeria will bring significant benefits to farmers and aid rapid economic transformations.
Mustapha said this at the Modern Biotechnology and Biosafety Regulation Sensitisation Workshop organised for NABDA’s Board Members by Open Forum on Agricultural Biotechnology (OFAB), Nigeria Chapter in Abuja recently.
“Successful operations of biosafety laws in the country ensures that Nigeria’s well over 70 million farmers will keep reaping continuously, the significant benefits of agricultural biotechnology.
“This is similar to economic transformations currently experienced in Argentina, Brazil, India, Sudan, Togo, Ethiopia and South Africa that have all adopted this modern approach to boost their food and cash crop production,’’ he said.
The Director-General stated that by having a National Biosafety Management Agency in place to ensure safe and responsible practice of the technology, the country would have commenced a silent revolution towards attaining laudable goals.
Mustapha listed these goals to include, transforming agriculture from subsistence to commercial and business levels.
He said farmers all over the world were witnessing improved yield, which also means improved access to food, not only for their families, but also producing excess for export.
“It should be noted that the adoption of higher yielding biotech crops by farmers across the world will continue to deliver substantial agronomic, environmental, economic, health and social benefits to farmers and society at large,” he said.
He said another goal is to address food security challenges of growing population by not only making food available in sufficient quantity, but in quality, to meet dietary needs for active and healthy lifestyle.
Mustapha also mentioned empowering agricultural research institutes to continue with their work on biotech crops and ultimately commercialise the positive outcome of their research findings for farmers’ benefit.
He further said another goal was consolidating the diversification of economy from oil revenue to a more sustainable revenue generation from massive food/cash crop activities supported by modern agricultural biotechnology.
“The importance of this to a country like Nigeria known as a non-importer of major food items, moving from that to becoming an exporter nation of agricultural produce cannot be overemphasised,” he said.
The NABDA boss said the workshop was to empower and provide an update on the recent developments in the agricultural and biosafety regulation sectors and across the country at large.
“Our expectation is that as stakeholders in this sector, you will join us in the campaign for the enhancement of food security, climate change mitigation, nutritional enhancement, and flattening the curve of Covid-19”, he said.
HP Boosts Data Scientists’ Productivity With Mobile Work Stations
An American multinational IT company, HP Inc., has unveiled new ZBook mobile workstations, the HP ZBook Studio G9, HP ZBook Fury G9, and Thunderbolt G4 Dock to help boost productivity for data scientists.
The Global Head, Advanced Compute and Solutions, HP Inc., Jim Nottingham, in a statement, said professionals needed power to create with speed and fluidity, no matter where they were.
He said today’s Z by HP announcement, blends cutting-edge technology with the versatility of a combined ecosystem to make every creative idea a reality.
Nottingham said: “Creative professionals want personalised hardware and software experiences that provide them the freedom to pursue their passions and create without their technology or location holding them back.
He said the new ZBook Fury G9 and ZBook Studio G9 would help media and entertainment artistes, product development professionals and data scientists tackle multiple heavy workflows.
“Powered by a desktop-class Intel® 55-watt CPU and up to a professional-grade NVIDIA RTX™ A5500 Laptop GPU or AMD Radeon™ Pro GPUs, the ZBook Fury is so powerful that it makes creators and technical professionals forget it is a laptop.
“They deliver performance, stabilisation and optimisation for the most popular creative applications”, he said.
Nottingham continued that the HP Thunderbolt G4 Dock on the hand seamlessly connects the entire Z ecosystem, boosting security, productivity and connectivity, which allows users to take control of their desks and reduce cables.
He said 66 per cent of employees report that they preferred to use a dock at home.
“The HP Thunderbolt G4 Dock brings up to 280 Watts of power and has the ability to fully charge any laptop or mobile workstation with superfast Thunderbolt 4 technology,” he said.
Business5 days ago
Forex Operators Demand New Exchange Window
Business5 days ago
Household Consumption Spending Rises To N108trn -NBS
Business5 days ago
Oil Production Fell In Nigeria Over Poor Maintenance
Business5 days ago
Emirates Airlines Adopts Bitcoin As Payment Option
Oil & Energy5 days ago
Stakeholders Commend CBN For Power Sector Interventions
Oil & Energy5 days ago
Illegal Bunkering: NSCDC Returns Diverted 50,000 Litres PMS
Housing/Property5 days ago
10 Ships With PMS, LNG, Others Arrive Eastern Ports, Today …Lagos Port Hosts 5 Ships With Frozen Fish
Oil & Energy5 days ago
Schneider Electric Plans Managed Power Services