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Cybersecurity firm, Kaspersky rates Africa among top 3 regions prone to financial scams

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Global cybersecurity firm, Kaspersky has ranked Africa as the third region prone to mobile financial scams in the world.

In a report released on Monday, Kaspersky said throughout 2022 and the first quarter of 2023, “14% of potentially unwanted mobile financial apps on Android phones were made by users in the Middle East, Turkiye, Africa (META) region.”

The report also ranks META third among the world regions behind APAC and LATAM in terms of the number of installations of such apps.

“As Android holds a dominant market share of 78% in the Middle East, 80% in Africa and 70% in Turkiye, cyberthreats for this mobile operating system remain persistent,” the report put together by Igor Golovin, a senior Malware Analyst at Kaspersky, said.

Kaspersky experts continuously monitor the mobile threat landscape and track threat trends to provide the most up-to-date intelligence about the potential dangers.”

It added that certain mobile financial apps offered seemingly legitimate microlending services, but were found to engage in scam and collect personal data from users’ smartphones.

“These apps request access to text messages, contacts and photos/videos before a loan can be provided. In case the user delays the debt payment, app operators may use the data collected from the smartphone for blackmailing and forcing the user to return the debt,” the report said.

“For instance, information can be dispatched to all of the user’s contacts informing them of the user’s debt accompanied by photos from the gallery.

“The threat landscape evolves, and mobile financial cyberthreats become more sophisticated and pervasive. While downloading smartphone apps from official app stores is less risky than obtaining them from elsewhere, apps can still request the user to give access to different types of personal data that could then be misused.

“As smartphones are used to store an increasing amount of personal data, granting access to it raises security concerns and places additional demand on the security of mobile devices and privacy-preserving ways of storing the data,” said Golovin.

The report also gave tips on how Africans could protect themselves from financial scams.

“To protect yourself from mobile threats, Kaspersky has urged users to download their apps only from official stores like Apple App Store, Google Play or Amazon Appstore.

“Users should also check the permissions of apps that you use and think carefully before permitting an app, especially when it comes to high-risk permissions such as Accessibility Services,” it added.

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Again, Starlink raises prices of its services in Nigeria

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Elon Musk’s satellite internet service provider, Starlink, has again jacked up the prices of its services in Nigeria after an earlier increase caused uproar among customers.

The service provider, in a statement released on Friday, informed its Nigerian customers that it would raise its monthly subscription prices, with the new rates set to take effect on January 27, 2025.

Under the new pricing regime, the lowest subscription tier will increase significantly from ₦38,000 to ₦75,000 per month, while mobile global roaming service will now cost ₦717,000 monthly.

The company stated that new subscribers will immediately pay the adjusted prices while existing customers will see the changes reflected in their upcoming bills.

In an email sent to users, Starlink said:

“To continue enhancing the Starlink network and provide reliable, high-quality service across Nigeria, we are adjusting our monthly subscription prices.

“These changes are part of our ongoing commitment to investing in the infrastructure needed to improve your experience with Starlink.”

This is the second time Starlink has attempted a price hike in Nigeria. The Nigerian Communications Commission (NCC) has rejected its previous increase in October on the grounds that the company had not sought the necessary regulatory approval.

However, insiders believe the NCC is set to approve an increase in the first quarter of 2025, which gives credence to insinuations that Starlink may have gotten an approval for the price increments.

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Safaricom Ethiopia launches 4G network in Gambella

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Ethiopia’s second largest telecom provider, Safaricom Telecommunications Ethiopia P.L.C., has announced the official launching of its 4G network services in Gambella and other surrounding areas.

The launching of the 4G network in the region, according to Safaricom Ethiopia CEO, Wim Vanhelleputte, highlighted the significant impact that enhanced telecommunications infrastructure could have on the region’s social and economic progress.

“In line with our commitment to digital education, Safaricom Ethiopia donated 20 laptops and 4 routers, including six months of free internet, to two high schools in Gambella City, supporting digital literacy and educational opportunities for local students,” Vanhelleputte stated.

Vanhelleputte reaffirmed Safaricom Ethiopia’s commitment to expanding its reach and ensuring that more regions gain access to reliable and high-speed internet.

“The introduction of the 4G network in Gambella is designed to deliver significant advantages to the local community,” he said .

“Enhanced connectivity will open doors to better access to information, education, and healthcare services. Additionally, it will create new opportunities for businesses and entrepreneurs, driving economic growth and development within the region.

“Safaricom Ethiopia’s move into Gambella aligns with its broader strategy to extend 4G coverage to more areas, furthering its mission of fostering nationwide connectivity,” the CEO added.

Alemitu Oumud, President of the Gambella Region who also spoke at the event, stated that, enhanced infrastructure is driving positive social and economic growth in our region.

“We commend Safaricom Ethiopia for its contributions to job creation, improving connectivity, and making Gambella a more attractive destination for investment,” Oumud said.

He stressed the potential of the new 4G network to drive business activities, attract investments, and foster entrepreneurship in the region.

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