Hacking and frauds everywhere you go

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June 30, 2022
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1 min read

Various reports suggest that cybersecurity attacks on companies have increased since the pandemic. Previously, organisations such as the University of Nigeria, Nsukka, Salem University, and Mount Kenya University have been discovered to have weak cybersecurity.

This week, a group, RansomHouse, announced that they were responsible for a data breach at the retail giant, Shoprite. While Shoprite has previously acknowledged these attacks, it raises concerns over the security of customers’ data. As we have previously discussed on the Techpoint Africa podcast, it seems most Africans don’t care about their data.

We also discussed MTN Nigeria’s ongoing dispute with some Nigerian banks. The company’s mobile money payment service bank has reportedly lost 22.3 billion ($53.7 million) in their first month of operations. 

We discussed why MTN opted for legal actions and raised questions about their success so far. If they have lost this much in such a short period, what volumes are they processing, and what does that say about the success of mobile money in Nigeria? This is still a developing story, and we will keep you updated. You can learn more about these subjects on your preferred podcast platforms, including Google Podcasts, Apple Podcasts, and Spotify.

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Accidental writer, covering Africa's startup landscape and its heroes. Find me on Twitter @chigo_nwokoma.
Accidental writer, covering Africa's startup landscape and its heroes. Find me on Twitter @chigo_nwokoma.
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Accidental writer, covering Africa's startup landscape and its heroes. Find me on Twitter @chigo_nwokoma.

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