Thursday, June 21Always On-point

Author: Admin

Bitcoin’s rise in African markets is driven by an old Russian ponzi scheme

Bitcoin’s rise in African markets is driven by an old Russian ponzi scheme

FinTech, Security, What's Hot
“Welcome to the System! Together we will change the world!” These are the words I found scrawled at the bottom of a web page, right next to a picture of Sergei Mavrodi, a convicted Russian fraudster infamous for operating Mavrodi Mundial Moneybox (or MMM), one of the world’s largest ponzi schemes. Two decades after MMM was shut down, the organization reemerged under new branding, as a technology-driven “financial mutual-aid network” that uses Bitcoin to provide its members up to 100% returns on their contributions. If MMM’s participation numbers are to be believed—they claim to have over 200 million participants—they may be one of the biggest drivers of Bitcoin adoption in the world today, especially in low-income areas. Bitcoin may not be an unalloyed good for the developing world.
Zimbabwe’s NetOne plans ‘M-Pesa of Southern Africa’

Zimbabwe’s NetOne plans ‘M-Pesa of Southern Africa’

FinTech, Mobile Money, What's Hot
Zimbabwe's state-owned mobile network operator NetOne plans to launch its OneMoney mobile money service in October, to complement the already-released debit card linked to the ZimSwitch platform. OneMoney will be linked to a debit card unveiled two weeks ago during the syndicated mobile money platform (SMPPS) roll-out to farmers, according to NetOne acting CEO Brian Mutandiro. The OneMoney debit card is linked to ZimSwitch and costs R40 (US$3) and customers can walk into any NetOne shop to collect their cards. "I can assure you that the mobile financial service in Zimbabwe will never be the same again," said Mutandiro, who added that Safaricom's M-Pesa supplied the vendor system for OneMoney. State-owned MNO announces intention to launch OneMoney mobile money service. "OneMone...
NetOne’s OneMoney takes market by storm

NetOne’s OneMoney takes market by storm

Breaking News, FinTech, Mobile Money, What's Hot
MOBILE telecommunications giant, NetOne is set to officially unveil its mobile money platform dubbed OneMoney along with its Zimswitch connected debit card this month. OneMoney, which is a correction and improvement of the OneWallet platform, is expected to shake the sector as people from different sectors have already expressed interest in the product. “As you can see, we are already issuing the debit cards and what is left only is the official launch, which I understand will be done by the end of this month,” a NetOne shop customer care representative told The StandardPeople. OneMoney is connected to most Zimbabwean banks which are already on the Zipit platform and customers enjoy the convenience of moving money from their banks to OneMoney and vice-versa. It becomes the second
Cyber Security Ministry meant to enhance national security

Cyber Security Ministry meant to enhance national security

Breaking News, Security, What's Hot
Security, Threat Detection and Mitigation — sparking widespread debate among the country’s netizens (internet users) most of whom were fascinated by the new ministry. There was frenzied debate on social media, with focus trained on the possible mandate of the new ministry but the general consensus was that Government was trying to muzzle citizens’ freedom to use the internet as they see fit. Clearly, there was a need for clarity on the role of the new ministry and the Government obliged by explaining the mandate of Cde Chinamasa’s new assignment. Speaking to journalists at State House on Tuesday where some of the new ministers were being sworn in by President Mugabe, presidential Press secretary Cde George Charamba said the Ministry of Cyber Security, Threat Detection and Mitigation was
Shifting the national mindset: Sustainable development through ICT

Shifting the national mindset: Sustainable development through ICT

Gizmos, News, Security, Start Ups, What's Hot
It is often said that individuals build families, families make up society and societies build a nation. However, when addressing issues of social transformation, it is evident that the nation, represented by structures, has greater influence on the generality of the people. Policies and ideologies that are driven at national level determine how a society progresses. Zimbabwe as a nation, like any other country, is endowed with magnificent resources: minerals, fertile lands, wildlife, climate, and chief among the resources is human capital. However, tracking global developments, it is evident that development is now technologically driven through automation, digitisation of everything, artificial intelligence, robotics and many other shifts in the global economy. Our great nation ought ...
‘All wifi networks’ are vulnerable to hacking, security expert discovers

‘All wifi networks’ are vulnerable to hacking, security expert discovers

Entertainment, Gizmos, Security
The security protocol used to protect the vast majority of wifi connections has been broken, potentially exposing wireless internet traffic to malicious eavesdroppers and attacks, according to the researcher who discovered the weakness. Mathy Vanhoef, a security expert at Belgian university KU Leuven, discovered the weakness in the wireless security protocol WPA2, and published details of the flaw on Monday morning. “Attackers can use this novel attack technique to read information that was previously assumed to be safely encrypted,” Vanhoef’s report said. “This can be abused to steal sensitive information such as credit card numbers, passwords, chat messages, emails, photos and so on. Vanhoef emphasised that “the attack works against all modern protected wifi networks. Depending
Thieves steal BMW using Dark Web tech to bypass security system

Thieves steal BMW using Dark Web tech to bypass security system

Breaking News, Gizmos, News, Security
Shocking footage shows how easily thieves made off with a BMW from a driveway, using technology from the dark web. CCTV captures two men arrive with a gadget which can pick up and amplify the signal from the actual key fob. One of them holds it close to the front door and windows, trying to pick up where the key is being stored. It picks up the signal and transmits it to a gadget held by the other thief, which unlocks the car. In less than 60 seconds of the video, the key is activated and the security system of the car is bypassed. This theft is one of four to take place in north London recently, MailOnline reports. Thieves steal £50,000 BMW in under a minute Play Video Loaded: 0% 0:00Progress: 0% PlayMute Current Time 0:00 / Duration Time 0:00 Fullscreen They then drove off with
Facebook is said to seek staff with national security clearance

Facebook is said to seek staff with national security clearance

Jobs, News, Security, Social Media
Facebook Inc is looking to hire people who have national security clearances, a move the company thinks is necessary to prevent foreign powers from manipulating future elections through its social network, according to a person familiar with the matter. Workers with such clearances can access information classified by the US government. Facebook plans to use these people – and their ability to receive government information about potential threats – in the company’s attempt to search more proactively for questionable social media campaigns ahead of elections, according to the person, who asked not to be identified because the information is sensitive. A Facebook spokesman declined to comment. Job candidates with such clearances are often former government and intelligence officials o
Millions of high-security crypto keys crippled by newly discovered flaw

Millions of high-security crypto keys crippled by newly discovered flaw

Entertainment, Gizmos, Security
Factorization weakness lets attackers impersonate key holders and decrypt their data. Enlarge / 750,000 Estonian cards that look like this use a 2048-bit RSA key that can be factored in a matter of days. Steve Jurvetson 37 A crippling flaw in a widely used code library has fatally undermined the security of millions of encryption keys used in some of the highest-stakes settings, including national identity cards, software- and application-signing, and trusted platform modules protecting government and corporate computers. The weakness allows attackers to calculate the private portion of any vulnerable key using nothing more than the corresponding public portion. Hackers can then use the private key to impersonate key owners, decrypt sensitive data, sneak malicious code into digita...
Banks take on mobile providers for Africa’s payments market

Banks take on mobile providers for Africa’s payments market

Gizmos, Mobile Money
Africa has emerged as the global leader in mobile money - thanks in part to a history of being underbanked - but phone companies are starting to see their lead in payments challenged. For 10 years, mobile network operators have dominated the mobile money services market in Africa, however fintech companies and banks are beginning to establish a solid stake in the market, according to McKinsey consultants. Mobile money is the ability of consumers to send, receive, and store money using their mobile phones. Just over 50pc of the 282 mobile-money services operating worldwide are located in sub-Saharan Africa, according to the global mobile operator representative GSMA. After a late start, a number of banks in Africa are beginning to compete aggressively for the mobile-banking customer, ...
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.