As technology continues to advance, the importance of data security has never been greater. With the increasing amount of personal and sensitive information being stored and transmitted online, it’s crucial to take steps to protect your data from security threats.
Although security threats are becoming increasingly prevalent, there are still ways to stay safe. Utilize technology like a cloud fax platform in addition to changing personal habits to help keep you protected from harm.
Here are some of the best practices to help you keep your data safe and secure.
Data Security Best Practices
Use strong, unique passwords for all of your accounts. Weak, overly simple passwords are one of the easiest ways for nefarious hackers to gain access to your accounts and steal your information. To protect yourself, use long, complex passwords that are difficult to guess. Avoid using the same passwords for multiple accounts, and avoid using personal information (such as your name or date of birth) in your passwords.
Enable two-factor authentication (2FA) whenever possible. Two-factor authentication adds an extra layer of security protection to your accounts by requiring you to enter a second form of authentication (such as a code sent to your mobile device) and your password. This makes it much harder for hackers to access your accounts, even if they have your password.
Be cautious when sharing personal information online. Be careful about what kind of information you share online, and think twice before posting sensitive personal information (such as your address or Social Security number) on social media or other public websites. Additionally, be wary of phishing scams, where hackers try to trick you into revealing sensitive personal information by pretending to be a legitimate company or organization.
If personal information (PII) is compromised, the consequences can be severe. Not only are individuals at risk of identity theft and financial loss, but companies and organizations may experience reputational damage as well.
When PII is compromised, hackers have access to sensitive data that can be used to commit various types of fraud.
Staying on top of updates
Keep your software and devices updated at all times. Software and device manufacturers regularly release updates to fix security vulnerabilities and improve the security of their products. To protect yourself, make sure to keep your software and devices up to date with the latest patches and security updates. This will help protect you against the latest security threats.
Use security software
Use reputable antivirus and firewall software. Antivirus and firewall software can help protect your devices against malware, viruses, and other security threats. Make sure to choose reputable and well-reviewed antivirus and firewall software, and keep it up to date to ensure that you have the best possible protection.
Back up data
Back up your data regularly. In the event that your device is lost, stolen, or infected with malware, having a recent backup of your data can help you recover your information and get back up and running quickly. Make sure to back up your data consistently and store your backups in a secure location (such as an external hard drive or cloud storage service) to protect them from being lost or stolen.
By following these best practices, you can help protect your data from security threats and keep your personal and sensitive information safe. While no security measures are going to be foolproof, taking these steps can significantly reduce your risk of being a victim of cybercrime.
CBN Gives Interswitch Payments Service Holding Company License
By Aduragbemi Omiyale
A Payments Service Holding Company (PSHC) license has been granted to Interswitch Group by the Central Bank of Nigeria (CBN).
This followed an earlier announcement by the CBN regarding new licensing categories for participants in the Nigerian payments system.
The integrated payments solution provider is among the first to receive this authorisation from the country’s apex bank.
According to the regulator, the PSHC regulation requires companies with existing or prospective operations across multiple license categories to set up a PSHC. The activities of each of the PSHC subsidiaries operating within those respective licensing regimes are clearly delineated for clearer accountability, effective risk management and the enablement of better regulatory oversight by the CBN.
A statement from Interswitch, a leading financial technology in Africa, outlines that Interswitch’s Group Holding Company retains ownership of the PSHC in Nigeria as well as its other subsidiaries outside of Africa.
The issuance of the PSHC licence coincides with Interswitch’s 20th-anniversary commemoration, which has seen the company cement its position as a pioneering and integral enabler that has actively supported the growth and development of fintech and payments progressively across Africa over the last 20 years.
It also serves to reinforce Interswitch’s progressive outlook as a frontier-driving company which keeps pushing boundaries to facilitate the creation of new ecosystems that help businesses and individuals scale and thrive, in line with its purpose of inspiring Africa to greatness through innovation, value-creation and excellence.
“Twenty years ago, we placed a bet on the latent potential we saw in the introduction of e-payment channels at the time, particularly ATMs for the delivery of cash just-in-time, and today, we are gratified to see how far the financial technology and payment systems in Nigeria have grown.
“On the back of our receipt of this additional license, we remain strongly committed to a close partnership with the Central Bank of Nigeria to facilitate the delivery of the Payments Vision (2025) and, of course, the National Financial Inclusion Strategy,” the founder and Group CEO of Interswitch, Mr Mitchell Elegbe, remarked.
He further reiterates Interswitch’s resolute focus on its over-arching mission to continue championing technology solutions that connect and empower individuals, businesses, and communities across the continent.
Mafab Rolls Out 5G Services in Nigeria
By Aduragbemi Omiyale
Another player has joined the 5G network space in Nigeria, and it is Mafab Communications Limited, which won the licence with MTN Nigeria Plc in December 2021.
After it obtained the licence from the Nigerian Communications Commission (NCC) for $273.6 million, it delayed its rollout, while its competitor, MTN, started in August in a few cities.
Business Post reports that Mafab on Tuesday held a ceremony at the International Conference Centre (ICC), Abuja, to commence operations in the country, promising to deepen broadband penetration.
“We are fully committed to bringing the benefits of 5G services to Nigerians and deploying a network that will drive economic development with increased broadband capabilities nationwide.
“I have no doubt that the service will help deliver improvements in the fields of education, business, smart cities and entertainment,” the Chairman of Mafab, Mr Mushabu Bashir, said.
It was gathered that Mafab would largely use existing infrastructure from IHS towers and, if need be, ATC Nigeria Wireless Infrastructure Solutions as well for its operations.
Recall that last month, the NCC again auctioned the 3.5GHz spectrum, which was won by Airtel Nigeria, which intends to launch its operations very soon.
It is not certain how much the Mafab 5G network services would cost. When MTN rolled out its 5G services last year, it sold the device for N50,000 and asked interested customers to pre-order the 5G router.
Airtel Introduces eSIM
By Modupe Gbadeyanka
To make communication easier and reduce the cost of procuring handsets for multiple SIMs, Airtel Nigeria has introduced an embedded SIM (eSIM).
A statement issued by the leading telecommunications services provider disclosed that the planet-friendly service allows customers to use two numbers without needing two mobile phones.
This digital SIM, according to Airtel Nigeria, also enables customers to access the same functionality as someone using a physical SIM.
It offers several benefits over traditional SIM cards as it is quick and simple to set up online, and it is planet-friendly (plastic-free/zero carbon emission).
The eSIM service is now immediately available on the Airtel network, and customers who wish to switch their current physical SIM cards for eSIMs will need to ensure they have a compatible device (dial*#06#), obtain the required QR code and be guided through a SIM Swap process by an Airtel service personnel.
Airtel says it has developed a simple and flawless process to activate the eSIM service for all its customers, just as it believes that the digital SIM will significantly improve the productivity of Nigerians, helping its stakeholders to achieve personal and professional goals.
The acting chief commercial officer for Airtel Nigeria, Mr Femi Oshinlaja, while commenting on the eSIM, stated that, “Airtel Nigeria is always at the forefront in championing technological advancement and creating innovative platforms and opportunities that will make life better, more exciting, and more enjoyable for all those in our stakeholder value chain.
“With eSIM, we are not only bringing the latest technology to the fingertips of our customers, but we are also focusing on our Sustainability goals of digital inclusion and environmental best practices as no plastic is involved with eSIM.
“It is, therefore, our commitment to continue to create offerings that will expand and deepen our digital footprints in line with our positioning as the network of first choice in Nigeria for everything mobile Internet, digital and home broadband.”
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