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News and reports from Technology Times Newsroom

Cybercrime | Organised online crime rings hit $10b heist mark in 2016

Organised crime rings recorded one million cyberattacks targeting online lending transactions with records of over $10 billion loss in 2016, a cybercrime report has revealed. According to the latest ThreatMetrix Cybercrime Report, over a million worldwide cyberattacks on online lending transactions were recorded in 2016 with the potential loss of over $10 billion by the financial […]

Telecoms | Solar hybrid power company targets Nigeria

Polar Power, Inc., a provider of prime and backup DC power solutions, says it plans to expand its business into Nigeria, under initial expansion focus on key African markets. The company announced this following the new Regional Sales and Service Hub sited in Cape Town, South Africa says it is initially focusing on countries like […]

Cloud Computing | Dimension Data’s Internet Solutions, Intel, others seal deal

Internet Solutions (IS), a pan-African telecoms service provider to public and private sector organisations across the continent, including Nigeria has announced a key alliance to deliver cloud services. Internet Solutions , owned by Dimension Data has tied up with NTT Innovation Institute Inc. (NTT i3), a Silicon Valley innovation center for NTT Group, one of the world’s […]

Connected | 1.2 billion people ‘use Facebook daily’

Facebook says that an average of 1.2 billion people now use the social networking service daily across the world. Facebook reported the numbers in its financial results for the quarter ended March 31, 2017, released Wednesday by the company. “We had a good start to 2017,” Mark Zuckerberg, Facebook founder and CEO says. “We’re continuing to […]

Broadband | ‘Unauthorised’ spectrum users ‘risk jail term’

The Federal plans a clampdown on unauthorised users of frequency spectrum spanning 5.470 – 5.725 GHz range, often used to provide broadband services. Professor Umar Garba Danbatta, Executive Vice Chairman/CEO at the Nigerian Communications Commission (NCC) has warned of consequences ranging from “imprisonment, sanction and forfeiture of equipment used in operating the illegal services” for […]