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16-year-old hacks into Apple, but customer data is safe

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An Australian teenager from Melbourne has pleaded guilty to hacking into Apple’s computer mainframe from his home several times throughout a year.

Apple confirmed on Friday that no customer data was compromised, despite the teen having downloaded internal files and accessing customer accounts.

His downloads amounted to 90 GB of data.

According to his lawyer, the 16-year-old did this because he was such a big fan of the company, but such an offense could not be ignored and the American tech giant reported him to the FBI. He managed to avoid detection by means of computerized tunnels and online bypassing systems that hid his identity, but as reported by The Age newspaper, Australian Federal Police still obtained and executed a search warrant for his home.

Read Also: Huawei overtakes Apple as second biggest smartphone seller

During this search, two laptops were seized, as well as a mobile phone and hard drive, and authorities were able to determine that the IP address matched that of the intrusions. The sensitive documents were also saved in a folder named “hacky hack hack”.

An Apple spokesman commented on the incident, saying that the company’s information security personnel “discovered the unauthorized access, contained it, and reported the incident to law enforcement” without commenting further on the specifics of the case.

The teen appeared in The Children’s Court on Thursday where he pleaded guilty to the charges, but the guilty plea was merely acknowledged by the magistrate who postponed sentencing until next month due to the case’s complexities.

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Nigerian fintech startup, CredPal, secures more funding from Cairo Angels syndicate

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A Nigerian fintech startup, CredPal, has raised funding from the Cairo Angels Syndicate Fund (CASF), a micro-venture capital fund, to expand its “buy now, pay later” incentive to customers.

Launched in 2018 by the duo of Fehintolu Olaogun and Olorunfemi Jegede, CredPal has placed itself as one of Nigeria’s most preferred consumer credit platform that gives buyers the freedom to “buy now and pay later” and helps merchants acquire more customers to increase their sales.

According to Disrupt Africa, the Google-backed CredPal has over 85,000 active customers and over 4,000 onboarded merchants, with the company announcing in March it had raised US$15 million in funding to expand its consumer credit offerings in Nigeria and to scale across Africa.

While speaking on the new funding, Olaogun said:

“This support from Cairo Angels Syndicate Fund reinforces our mission to improve the quality of life of Africans through easy access to consumer credit.

“My co-founder and I are very pleased to have them as investment partners and can’t wait for how much we’ll achieve together.”

The Cairo Angels is Egypt’s first formal network of angel investors, and since its formation has been one of the most active early-stage investors in startups and high-growth businesses in the Middle East and Africa, with 31 investee companies across 18 different sectors.

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Nigerian auto tech startup, Autochek, partners with Kenya’s Pezesha to provide asset financing to African SMEs

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Nigerian auto-tech digital solution startup, Autochek, has entered into a partnership with Kenyan fintech, Pezesha, to provide asset financing to Africa Small and Medium Enterprises (SMEs).

According to Autochek Kenyan Country Manager, Bilhah Muriithi, the company aims to build digital solutions that will enhance and enable a seamless and safe automotive commerce experience across Africa, with the hub starting with Nigeria and Ghana.

“Autochek has been focused on financing retail customers, we are excited to partner with Pezesha whose key focus is on enabling SME lending.

“Autochek will continue to invest in the market while exploring new partnership opportunities to deliver solutions for driving positive change in the automotive industry in Kenya and beyond,” said Muriithi.

Autochek, Muriithi said, plans to use technology to transform the automotive buying and selling experience for African consumers, by creating a single marketplace for consumers’ automotive needs, from sourcing and financing to after sales support and warranties.

Having expanded to Kenya late last year, the partnership between Autochek and Pezesha will enable SMEs to acquire auto assets for ease of business operations and growth.

Pezesha was founded in 2016 and has created a holistic digital financial infrastructure that connects small and medium-sized businesses to working capital offered by banks, MFIs, and other financial institutions or networks.

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