Connect with us

Finance

Jumia ‘voucher scam’, how to detect Fake coupon from domain name

Published

on

AS you holiday this Christmas and New Year be very vigilant, because scammers have up their games.

We wouldn’t know if you are aware about the fake jumia vouchers circulated few days ago?

Well, it was a handiwork of scammer.

We can across this article on TechEconomy.ng and thought of sharing same with our readers to be better educated when shopping online.

Most times, someone contacts you out of the blue pretending to be from a legitimate business such a bank, telephone or internet service provider or e-commerce platform, as the case with much circulated ‘Jumia Voucher’, you may be contacted by email, social media, phone call, or text message, but this time, domain name was actually given out.

This is the work scammers or phishing scams; an attempt by scammers to trick you into giving out personal information such as your bank account numbers, passwords and credit card numbers.

Scammers like this ‘feed on people’s’ naivety, greed and quest for freebies. We understand, companies like e-commerce site, often times do appreciate their customers by giving coupons/vouchers; which is commendable, but the reading public should exercise caution before clicking.

Actually, when the supposed Jumia voucher circulated, mostly via social media platforms, someone it became necessarily to educate the people in other not to fall prey.

A writer drew our attention to this piece below, which we have tried to verify the author, but to no avail. That’s why we are using anonymous author; however, the information contained are relevant in this case. Read and Learn:

For those who are not into ICT or do not understand the ethics of the internet, please get this knowledge and hold on to it for your future decisions when people start posting links telling you to claim some unrealistic gifts or whatever. 

“In internet terminologies, we have what is called TLD which stands for ‘Top Level Domain. The TLDs tell you more of the type of website you are visiting for which the domain is standing for. Examples are ….com which stands for commercial (that’s for businesses); .org for organizations; .net for networks; .edu for education; .mil for military; .gov for government, among others

TLDs can also come by being country specific.

Examples are…ng for Nigeria; .fr for France; .us for USA; .uk for United Kingdom, etc.

TLDs can still be matched for its purpose and country specific.

Examples…com.ng for Nigerian commercial websites.

.gov.ng for Nigerian government websites

“Now when people decide to create a website, they choose a name for their domain and for the purpose of the website, also choose its TLD.

Example…adisfunn.commicrosoft.com; safe-haven.win; church.netnta.com.ngscoan.org, etc.

“Now out of domains, we have what is called sub-domain. A sub-domain exists as a child of its mother domain. If there is no domain, there will be no sub-domain.

“A sub-domain can exist as a separate website of its own but will always rely on its mother domain to exist. It is always attached to the mother domain. Example…news.microsoft.com

“In the example above, Microsoft is the domain. .com is the TLD for commercial purpose; news is the subdomain

“So in clarity, news is the subdomain of microsoft domain existing on the .com TLD for commercial purpose. Subdomain always comes from the left side of all links

“Just like we have subdomain, we also have sub-subdomain. In this the sub-subdomain relies on the subdomain which in turn relies on the domain. Example…tech.news.microsoft.com

“And then we have more subs of preceding subdomains and so on till when the owner of the website gets tired of creating subs.

“Always remember that all subs come from the left side of links.

“To know the real owner of a link posted, first look at the domain name which is always at the right side of the link.

“Whatever you see there tells you if the link is original or fake phishing link. Like in the Jumia nonsense link that has been going on, I will analyse it now below

http://jumia.com.ng.new-vouchers.win

The real Jumia website we know is Jumia.com.ng

“In the posted fake link above, if you look closely, you will see that jumia.com.ng came first in the link from the left side

“This tells you that it is a sub sub subdomain of the domain new-vouchers.win

“The main website of that link is new-vouchers.win

“They created the sub sub subdomain jumia.com.ng to deceive people into thinking they are actually visiting Jumia.com.ng

“Remember, always study the links you receive to know the real owner before clicking it.

“Rule of thumb, read from the right of every links to know the real domain before clicking

“Anything from the left side is just a sub

“Please Now that I have giving you this knowledge, kindly share”.

Source:TechEconomy.ng

GrassRoots.ng is on a critical mission; to objectively and honestly represent the voice of ‘grassrooters’ in International, Federal, State and Local Government fora; heralding the achievements of political and other leaders and investors alike, without discrimination. This daily, digital news publication platform serves as the leading source of up-to-date information on how people and events reflect on the global community. The pragmatic articles reflect on the life of the community people, covering news/current affairs, business, technology, culture and fashion, entertainment, sports, State, National and International issues that directly impact the locals.

Finance

Blockchain Technology Will Redefine Company of the Future, Says CTO of Digital Encode

Dr. Akindeinde also received “AfriTECH Blockchain Technology Mastery Personality Award 2022”.

Published

on

Akindeinde at AfriTECH 2

Dr. Oluseyi Akindehinde, the Co-founder and Chief Technical Officer (CTO) of Digital Encode Limited, has identified blockchain technology and the mobile phone as going to be fundamental to the company of the future.

Making a presentation at the just concluded Africa Tech Alliance Forum, otherwise known as AfriTECH 2.0, held in Lagos, recently, Akindehinde said that with the coming of the 5G technology, it is expected that the company of the future has to provide services along those lines.

The cybersecurity expert however, argued that it is doubtful that humans will completely live their lives using such tools as the mobile phone and the internet without any other thing explaining why he titled the presentation “Web 3.0, Blockchain and a decentralized digital identity.”

Akindeinde at AfriTECH 2
Dr. Oluseyi Akindeinde, Co-Founder/CTO, Digital Encode Limited, speaking at AfriTECH 2.0

According to Akindehinde, “Blockchain is actually three things. Blockchain is a protocol, like when you have an email, for instance. Email has an organized protocol; it is called SMTP. Blockchain is also a protocol.

“Number two, why do you have a protocol? It presupposes that there is a network; there are servers that host the email. The last thing about blockchain is that it is software. That means you have the SMTP, the servers, and the software.

“When we talk about blockchain in this part of the world, it is usually an anonymous cryptocurrency. Cryptocurrency is just the work of four quadrants which are fungible, non-fungible, transferable, and non-transferable.

“Cryptocurrency is fungible and transferable. When we talk about it being fungible, if I bring out a thousand naira note for instance, you can bring yours, and we exchange it; it doesn’t matter. The problem with a physical asset like that is that we can only make that transaction when we are in the same space,” he further disclosed.

While explaining the difference between electronic transaction and digital transaction, Akindehinde stated that what people often do online is electronic because there is somebody in the middle granting access.

“When you log onto your bank mobile app and you make a transaction from bank A to bank B, what you are doing is transferring messages; it’s like email. When you take your ATM card to an ATM, what you are doing is that you are delegating control of that transfer to that man in the middle which is your bank.

“This brings out two things: The concept of ownership and the concept of control. So, when you are doing that electronic transaction, you do not own that transaction, you are only in control of it. If the network goes down, you can no longer do that transaction.

“Your university degree for instance, is an asset to you, it’s unique to you; it’s non-transferrable. Unlike money you can exchange with another person, you cannot exchange your certificate with another person.

“Why can’t we, therefore, have a digital driver’s license or a digital passport, or a digital identity management system? Why are we still carrying plastics? That is why there is the need to power a digital economy through decentralized identities.

“We all have BVNs and NINs, why can’t I be authenticated with my NIN for instance, and I sign in and go? When you are online and you go and authenticate to your bank, by putting your username and password, your bank is not authenticating to you,” he said.

Akindeinde at AfriTECH 2
L-r: Olabanji Soledayo, Marketing and Retail Sales Manager, ESET West Africa; Seun Dania, Founder and Chief Executive Officer of Tradefada; Jude Ozinegbe, Founder and Convener and Dr. Oluseyi Akindeinde, Co-Founder/CTO, Digital Encode Limited, during a panel session Blockchain | Cryptocurrency | Cybersecurity and the Future of Money, at AfriTECH 2.0

On the difference between Web 2 and Web 3, the Digital Encode CTO said that “Web 2 simply means that something is entirely online. I can’t use what is online in the physical world. For instance, if you have Gmail, Google Authentication or Microsoft, you can only use it on Google. The authentication resides on the server of the bank. That is the entire concept of Web 2.

“Web 3.0 on the other hand simply means that instead of having all the things stored on a centralized internet, you now have the data in your control; you are the owner, and you are in control of it. And that is why we have what is called a self-solving identity system.”

Dr. Akindeinde also received “AfriTECH Blockchain Technology Mastery Personality Award 2022”.

Continue Reading

Finance

The newly unveiled Naira Notes have been met with so much disappointment & dissatisfaction from Citizens

Published

on

Just like the Central Bank of Nigeria disclosed the remaking of the naira notes some months back, Citizens have been anxiously waiting to see the new designs that will surface.

The Central Bank of Nigeria stated that one of the reasons they were taking that step, Was to catch citizens who were hoarding stash of cash illegally. So bank deposits were monitored during the process as the new redesigned currencies were to be in circulation from January 2023.

However, though their plans were working quite well and the new naira notes has just been Unveiled by President Mohammadu Buhari, The new currencies which comprised of 200, 500 and 1000 naira notes was short of expectation as a lot of citizens were not happy about what they saw.

The new naira notes

Instead of new designs, The currencies were just given new colours which looked immature based on many citizen’s judgement.

The Unveiling of the new naira notes
The unveiling of the new naira notes

Still faced with the disappointment, A Citizen took it upon himself to Challenge the Central Bank of Nigeria on what a redesigned currency should look like. He made a design of 500 naira note using Photoshop, People couldn’t help but gush over his beautiful design.

Design of 500 naira note made by a citizen

Many Citizens say they still prefer the Old currencies to the new.

Comparison between the old and the new currencies

READ ALSO: No Administration Has Done What I’ve Done For Nigerian Businesses – Buhari

Continue Reading

Finance

Four Nigerian Banks Fined N800m For Violating Crypto Policy

Published

on

Four Nigerians banks have been fined for flouting directive on cryptocurrency transactions, the Central Bank of Nigeria has said.

Grassroots.ng had reported in February 2021when the CBN ordered that all banks to close accounts of anyone who transacts in cryptocurrency.

According to the CBN, dealing in cryptocurrency or facilitating payments for cryptocurrency exchanges is prohibited.

In a report by Bloomberg on Wednesday, the CBN has now fined at least four banks for failing to comply with that regulation.

The banks include Stanbic IBTC Bank, Access Bank, United Bank for Africa and Fidelity Bank.

Stanbic Bank, according to the report was fined N200 million for two accounts alleged to have been used for crypto accounts.

Access Bank was fined N500 million for failure to close customers’ crypto accounts; UBA was fined N100 million and Fidelity Bank was fined N14.3 million.

Stanbic IBTC told Bloomberg that it had followed the CBN directive but that some transactions may have passed through its system undetected.

Nigeria, according to Paxful, a Bitcoin marketplace, accounts for the largest volume of cryptocurrency transactions outside the U.S.

Continue Reading

Trending