Author: Akin Naphtal

In a bid to compete with rival companies, Adobe has announced that it’s set to release new image-generation technology capable of drawing inspiration from an uploaded image and matching its style.Adobe feels its customer base of creative professionals who make use of Adobe Photoshop and other Adobe image-focused tools, is being threatened by artificial intelligence image-generating technology from firms like Midjourney and Stable Diffusion.The Photoshop and Lightroom creator is therefore responding to these AI image-generating firms by developing its own version of the technology and injecting it into its software programs.Having already assured its customers that images generated from its…

Politically minded hackers, dubbed hacktivists have targeted Israel’s online sector, disrupting the country’s cyber activities and defacing websites like the Jerusalem Post amid the war between Israel and Gaza. The conflict between Israel and its Arab neighbour, which began on Saturday, 7 October, has attracted intense global interest and also, the attention of hacktivists, who have launched an online war in support of their favoured side in the conflict. Speaking on the hacking groups, cyber intelligence firm, Recorded Future stated that, “there are dozens of victims per day, claimed by both pre-established and new groups,”. The hackers haven’t achieved any…

As part of activities to observe the cyber security awareness month and our ongoing efforts to promote and foster cybersecurity awareness, Digital Economy Magazine proudly introduces the Digital Economy Mag Cyber Security Series. This series is designed to encompass a comprehensive array of cybersecurity-focused content, aimed at enlightening and educating our readers about pertinent issues in the realm of cybersecurity, ultimately contributing to a more secure online environment for all. In this particular installment of our series, we delve into the growing significance of cybersecurity in today’s digital era. The importance of cybersecurity cannot be exaggerated due to the vital…

Australia’s government has begun working to introduce laws that would permit the central bank to regulate digital wallet providers including Apple Pay, Google Pay and China’s WeChat Pay.Digital wallets like Apple Pay, Google Pay and WeChat Pay, have grown rapidly in recent years, but have not currently been designated as payment systems, placing them outside Australia’s financial regulatory system. Australia’s treasury documents showed that the draft law would expand the definitions of “payment system” and “participant” in the country’s existing laws.Google and Apple have maintained that customers only use their phones to use cards issued by banks to make payments,…

Spanish airline, Air Europa, has revealed that its online payment system has suffered a cyberattack that left some of its customers’ credit card details exposed. The affected customers have been alerted, and the relevant financial institutions have been notified. Air Europa did not specify the number of customers affected, nor has the airline estimated the financial impact of the cyberattack. According to Reuters, the Madrid-based company has announced that no other information was exposed. Possible motives for the breach are still being investigated, with the airline saying that there was “no evidence that the breach was ultimately used to commit…

India’s National Security Council Secretariat (NSCS) has launched the second Edition of the National Cyber Security Exercise ‘Bharat NCX 2023’, in a bid to strengthen India’s cybersecurity infrastructure and readiness. The inauguration took place on Tuesday, 10th October, and saw dignitaries, including, Principal Scientific Advisor to the Government of India, Ajay Kumar Sood, Deputy National Security Advisor, Rajinder Khanna, and National Cyber Security Coordinator, Lt Gen MU Nair, attending. A press release by the NSCS said the primary aim of the exercise is to equip participants with the knowledge and skills necessary to address contemporary cyber threats, effectively manage cyber…

Microsoft is aiming to finalize its $69 billion acquisition of Activision Blizzard, the publisher of popular first-person shooter game, Call of Duty, on 13th October, pending approval from the UK’s antitrust regulator. According to a report from The Verge, Microsoft received preliminary approval from the UK’s Competition and Markets Authority last month after Activision agreed to sell its streaming rights to Ubisoft Entertainment. The deadline for the deal was previously extended to October 18th to allow for more time to secure approval from the UK. Both companies have not yet responded to requests for comment. What the Microsoft-Activision Deal Could…

Family Bank and DigiFarm have entered a financing agreement to provide digital credit for inputs and insurance to over 1,000 smallholder maize farmers in Embu County. The partnership aims to boost agricultural production by offering farmers access to funds through the Safaricom-owned agri-tech platform, Digifarm. The financing will be based on the size of the farmers’ land and crop cycle, with a focus on promoting farming resilience and increasing yields. In addition to financial support, the farmers will also receive training on sustainable agricultural practices, market linkage, and financial literacy. This initiative is particularly important for counties like Embu, which…

InstinctWave, the organizer of Ghana’s premier technology industry awards, the Ghana Information Technology & Telecom Awards (GITTA), has officially announced an indefinite postponement of the 13th edition of the Ghana Information Technology & Telecom Awards GITTA. This decision is attributed to the subdued level of competition within the sector in the last one and a half years. The GITTA Awards, which would have marked its 13th consecutive year since its inception in 2010, has been pivotal in recognizing and celebrating outstanding ICT initiatives that drive innovation in Ghana’s private and public sectors. Described by many as the ‘Oscars’ of the…

Microsoft, through its Africa Transformation Office, has partnered with Nigeria’s Terragon to support its cloud capabilities as Terragon makes plans to leverage Microsoft’s cloud technologies to provide brands with powerful consumer insights. The partnership, which will stand for three years, will afford African business owners’ access to a wide range of powerful customer insights. It will also drive Terragon’s work in the marketing technology space, while also assisting Microsoft’s ambition of enabling digital transformation through the cloud. Terragon deals in data and marketing, as it strives to build Africa’s largest and most unique data-powered marketing cloud ecosystem to help businesses on…