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PwC Says AI is New Weapon in Global Cybersecurity War

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Artificial Intelligence (AI) has become the top focus for global business and cybersecurity leaders as organisations race to strengthen their defences against rising digital threats.

PwC Says AI is New Weapon in Global Cybersecurity War

This is according to PwC’s 2026 Global Digital Trust Insights Report, which shows that companies are channelling more of their cyber budgets into AI-driven solutions, even as they struggle with skill shortages and growing exposure to sophisticated cyberattacks.

The global survey, which gathered responses from 3,887 business and technology executives across 72 countries, found that while most organisations recognise the power of AI to boost cybersecurity, only six per cent say they are “very capable” across all areas of cyber defence.

Overall, barely half of those surveyed believe their organisations can effectively withstand a major cyberattack, a figure PwC describes as worrying in the face of fast-evolving technologies such as AI and quantum computing.

The study also found key weak points around authentication controls (55 per cent), connected devices (48 per cent), legacy systems (45 per cent) and supply chain vulnerabilities (43 per cent), areas that attackers continue to exploit.

Femi Osinubi, consulting and risk services leader at PwC Nigeria, said Nigerian organisations must take cybersecurity more seriously as digital transformation deepens across sectors.

“As organisations in Nigeria advance on their digital transformation journey, the need for resilient cybersecurity strategies has never been more critical,” Osinubi said.

“AI offers a powerful opportunity to strengthen defences, but success depends on bridging the skills gap and integrating these tools into broader risk frameworks.”

He added that Nigerian businesses should invest in AI-driven cyber tools while upskilling local talent, noting that “combining technology and human capability is key to protecting Nigeria’s digital economy and infrastructure.”

According to PwC, nearly eight in ten organisations (78 per cent) globally plan to increase their cybersecurity budgets in the next 12 months.

Among their top priorities, AI investment leads with 36 per cent, ahead of cloud security (34 per cent), network security (28 per cent) and data protection (26 per cent).

However, spending more money does not necessarily translate to stronger defences. About half (50 per cent) of respondents cited a lack of knowledge in applying AI for cyber defence, while 41 per cent pointed to the scarcity of skilled professionals as a major challenge.

Sean Joyce, Global Cybersecurity and Privacy leader at PwC US, described the current landscape as a “tipping point,” driven by rapid digital interconnectivity and emerging threats.

“The most successful organisations are those where chief information security officers (CISOs) have a seat at the table and cybersecurity is embedded in business decisions,” Joyce said.

“Resilience comes from foresight, not hindsight.”

The report also found that 27 per cent of organisations suffered data breaches costing at least $1 million in the past three years. The most affected were large companies earning above $5 billion in revenue, US-based firms, and those in the technology, media and telecommunications sectors.

To better understand their exposure, half of the surveyed companies now use cyber risk quantification to measure the potential financial impact of attacks, a notable increase from 44 per cent last year.

PwC concluded that while AI is fast becoming the backbone of modern cyber defence, the technology is only as effective as the people who use it.

For Nigeria and other emerging digital economies, the message is clear: AI is not a silver bullet.

Building cyber resilience will depend on combining smart technology with skilled professionals who understand the unique risks of the digital age.


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Ebere Melum-Nwogbo is a trained and practicing journalist. She is passionate about ICT and business journalism. She has over a decade experience spanning money and capital market as well as information technology

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Kaspersky Reveals How Digitalisation is Influencing Family Life

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Kaspersky’s latest global research shows that mostly all people currently interact with their family members digitally: 86% of all participants communicate with family via messaging apps, 58% have regular video calls, and 44% have even established joint streaming service accounts.

While digitalisation offers unprecedented convenience and flexibility in family communication, Kaspersky experts warn that this increased online connectivity demands a heightened awareness of digital safety practices and the protection of devices.

Communication in the digital sphere has become an integral part of everyday life. Thanks to video calls and instant messaging, we can maintain connections with our loved ones, no matter where we are.

Digitalisation has reshaped not only how we communicate, but also how we spend our free time together. Kaspersky has conducted a survey* to reveal the common patterns of modern family life in the digital age and discover the cybersecurity challenges that lurk beneath our screen interactions.

Cyber safety during family communication

According to the survey, regular messaging via WhatsApp, Telegram, Signal, Viber and other messenger apps were top of users’ choices when communicating with their families.

People in the 35-54 age group were the most likely to engage this way, with 89% of respondents choosing this option. Video calls were a much less popular option among respondents as a way of keeping in touch with relatives, with only 58% choosing this digital solution.

Another popular way of staying connected online for many families is exchanging posts and memes on social media and messengers (53%). The 18-34 age group leads this trend with a 58% participation rate, showcasing how humor and shared cultural references are becoming essential family bonding mechanisms.

The older generation (above 55 years old) is in general less digitally engaged than other ages, though the share of those who chat with their families in messengers is on par with the average (85%). 42% of this age group even exchange memes and posts via social media.

Despite the fact that older people are more active in the digital sphere, they may still not be ready to face cyber threats and scams. Users should therefore educate their older relatives on how to stay safe online and use gadgets securely.

Even for advanced users, communication online carries potential cyber security risks. From phishing attempts disguised as legitimate messages to sophisticated social engineering attacks, the digital battlefield operates within our most personal communication channels.

To ensure the complex protection for your messengers it’s highly recommended to enable two-factor authentication where possible, use unique, complex passwords for each account, remain skeptical of unexpected links or attachments, use a reliable security solution with anti-phishing protection for messengers and follow security tips from Kaspersky experts.

Family accounts – convenience or risk?

The survey shows that in their free time 70% of families choose to watch movies together, with 44% having family streaming accounts. Online games do not have such popularity as a family pastime, with only 35% of general respondents opting for them.

While sharing streaming subscriptions and gaming accounts may seem like a cost-effective solution, it opens the door to a host of digital vulnerabilities that can compromise your family’s security and privacy, especially when an account is used by different family members under the same login and password. Such accounts create a perfect storm for security breaches.

If one family member’s device is compromised, hackers gain access to the entire account. Additionally, password reuse across multiple platforms means that a single breach could expose your financial information, email accounts, and other sensitive data. To manage all passwords securely, it’s highly recommended to use a password manager for all family members.

“As our family life moves more and more online, it opens up amazing ways to stay close and create memories – but it also brings new risks, like scams and hacking. Kids and older relatives can be especially at risk, so looking out for each other online is really important.

“Protecting your digital privacy and using cybersecurity measures is an important way to care for your loved ones and keep your family safe”, comments Marina Titova, Vice President for Consumer Business at Kaspersky.


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NCC Slaps ₦250,000 Fee on Trial Licences to Spur Telecom Innovation

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Nigerian Communications Commission (NCC) has rolled out a new ₦250,000 application fee for companies seeking temporary approval to test innovative telecom services, aiming to fast-track sector modernisation while safeguarding consumers.

NCC Slaps ₦250,000 Fee on Trial Licences to Spur Telecom Innovation

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The fee targets the newly launched Interim Service Authorisation (ISA), a short-term licence enabling telecom operators, startups, and tech firms to trial novel offerings in live markets before full commercial rollout. Contained in NCC’s freshly published General Authorisation Framework, the charge covers administrative processing, with successful applicants potentially facing extra costs for spectrum or numbering resources.

Under the rules, firms pay the ₦250,000 upfront upon application. Trials run for an initial three months, renewable once up to six months total, capped at 10,000 users and restricted geographically. Operators must prove their service is genuinely new, detail regulatory hurdles, outline consumer safeguards, and submit monthly reports, all while upholding data protection, security, and rights obligations.

NCC Executive Vice-Chairman Aminu Maida, who previewed the draft in July, said exploding tech advances had outstripped old licensing models, necessitating reform to foster innovation without skimping on public safeguards. The ISA lets providers gauge technical viability, market appetite, and risks, while regulators scrutinise quality and impact pre-scale-up.

“This framework strikes a balance—unleashing experimentation in spectrum sharing, Open RAN, and alternative connectivity, minus the pitfalls of unchecked rollouts,” an NCC statement noted. Participation offers no automatic path to full licences; commercial bids hinge on fresh evaluations and category fits.

Industry players hailed the move as a risk-reducer for unproven ideas, potentially slashing flop costs in Nigeria’s cut-throat telecom arena. With participation limited and monitoring rigorous, the NCC bets on controlled pilots to propel breakthroughs, cementing Africa’s giant as a digital vanguard.

As operators eye 5G-plus frontiers, the ISA arrives amid investor clamour for agile rules, positioning Nigeria to harvest homegrown tech leaps without consumer blowback.


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Naira Smashes Through ₦1,400 Barrier in Official FX Rally

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Nigerian naira strengthened to a record high of about ₦1,400 to the US dollar at the official market during midweek trading, continuing an appreciation trend seen since the start of the week.

Naira Smashes Through ₦1,400 Barrier in Official FX Rally

FX

Data released by the Central Bank of Nigeria (CBN) showed that the currency appreciated by 1.26 per cent on Tuesday, January 27, at the Nigerian Foreign Exchange Market (NFEM), with the dollar quoted at ₦1,401.22. This represented a gain of ₦17.73 compared with the ₦1,418.95 recorded on Monday, January 26.

The naira had already posted significant gains in the previous session, closing at around ₦1,401.20 per dollar, its strongest level since the introduction of the Electronic Foreign Exchange Matching System (EFEMS).

The currency has recorded incremental daily gains in recent sessions, rising between 0.1 per cent and 0.36 per cent on some trading days. In the parallel market, bureau de change operators in Lagos quoted the dollar between ₦1,475 and ₦1,490 on January 27, with average buying and selling rates of ₦1,480 and ₦1,490 respectively.

Market analysts attribute the improved performance at the parallel market to enhanced foreign exchange liquidity and further regulatory reforms implemented by the CBN.

The naira has sustained its upward momentum into early 2026, building on the gains recorded in 2025, when it posted its strongest performance in over a decade, appreciating between 7 and 9 per cent against the US dollar.

Analysts generally expect the currency to remain within a relatively stable range in the medium term, with several projections indicating it will trade between ₦1,400 and ₦1,500 to the dollar this year, supported by improved liquidity and ongoing macroeconomic reforms.

The Nigerian Economic Summit Group has projected that the naira will trade at around ₦1,480 to the dollar in 2026. The group also expects Nigeria’s external reserves to rise steadily to about $52 billion, driven by the consolidation of recent reforms and sustained stabilisation efforts.


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