E-Business
Most Businesses Ill-Equipped to Fight eMail-Based Cyber-Attacks

Mimecast, the email security, email continuity and email archiving cloud company, has released the results of its new global research study: Mimecast Business Email Threat Report 2016, Email Security Uncovered.
The survey of 600 IT security professionals, showed that while 64 percent regard email as a major cyber-security threat to their business, 65 percent don’t feel fully equipped or up to date to reasonably defend against email-based attacks.
One-third of respondents also believe their email is more vulnerable today than it was five years ago.
Email continues to be a critical technology in business and the threat of email hacks and data breaches loom large over IT security managers.
Consequently, confidence and experience with previous data breaches and email hacks play key parts in determining a company’s perceived level of preparedness against these threats and targeted email attacks.
Of the 600 surveyed, just 35 percent feel confident about their level of preparedness against data breaches. Of the 65 percent who don’t feel fully prepared against future potential attacks, nearly half experienced such attacks in the past, indicating that they don’t feel any more protected following an attack than they did prior.
This is also reflected in the few steps taken toward widespread email security. Although 83 percent of all respondents highlight email as a common attack vector, one out of ten report not having any kind of email security training in place. Among the least-confident respondents, 23 percent attest to lacking any supplementary security measures.
“Our cyber-security is under attack and we depend on technology, and email in particular, in all aspects of business. So it’s very disconcerting to see that while we might appreciate the danger, many companies are still taking too few measures to defend themselves against email-based threats in particular,” said Peter Bauer, chief executive officer, Mimecast.
“As the cyber threat becomes more grave, email attacks will only become more common and more damaging. It’s essential that executives, the C-suite in particular, realize that they may not be as safe as they think and take action. Our research shows there is work still to be done to be safe and we can learn a lot from the experience of those that have learnt the hard way.”
Budget and C-suite involvement were the biggest gaps found between the most and least prepared respondents.
Among the IT security managers who feel most prepared, five out of six say that their C-suite is engaged with email security. However, of all IT security managers who were polled, only 15 percent say their C-suite is extremely engaged in email security, while 44 percent say their C-suite is only somewhat engaged, not very engaged, or not engaged at all.
Those who feel better prepared to handle email-based threats also allocate higher percentages of their IT security budgets toward email security.
These IT security managers allocate 50 percent higher budgets to email security compared to managers who were less confident in their readiness.
From these findings, the data points to allotting 10.4 percent of the total IT budget toward email security as the ideal intersection between email security confidence and spend.
Mimecast found that five distinct “personas” emerged among the respondents, and characterized them into a Cyber-Security Shiver Grid based on their levels of email security and perceptions of data breach confidence: the Vigilant (16 percent), Equipped Veterans (19 percent), Apprehensive (31 percent), Nervous (6 percent) and Battle-Scarred (28 percent). Altogether, a majority of the IT security managers – totaling 65 percent, comprising the apprehensive, nervous and battle-scarred respondents – feel unprepared to manage email-based attacks.
Other key findings of the survey include:
• The top 20 percent of organizations that feel most secure are 250 percent more likely to see email as their biggest vulnerability.
• Confident IT security managers are 2.7x more likely to have a C-suite that is extremely or very engaged in email security. They are also 1.6x more likely to see C-suite involvement in email security as extremely or very appropriate.
• The least confident IT security managers are more likely to be using Microsoft’s Exchange Mail Server 2010, which ended mainstream support in January 2015. The most confident managers are more likely to use the up-to-date Exchange Server 2013.
• 70 percent of IT professionals that have recently and directly experienced an email hack employ internal safeguards, such as data leak prevention or targeted threat protection.
• Apprehensive IT security professionals are more likely to be found in smaller (fewer than 500 employees) firms than larger ones (32 percent to 18 percent, respectively).
• Less than half (48 percent) of IT security managers in smaller firms feel confident and well-prepared for tackling email security threats, compared to larger companies.
This study was created by Mimecast and March Communications, and facilitated by Vanson Bourne, during late 2015, consisting of 600 IT security decision makers from the USA (n=200), the UK (n=200), South Africa (n=100) and Australia (n=100) on their companies’ level of email security, IT preparedness and confidence in defending against cyber threats, as well as past experiences with data breaches and email hacks. The overall margin of error is ± 4 percent at the 95 percent confidence level. For more information, or to download the full research report, click here.
E-Business
NITDA DG Reaffirms FG Commitment to Responsible and Inclusive AI

The Federal Government of Nigeria has reaffirmed its commitment to building a responsible, inclusive, and sovereign artificial intelligence ecosystem to enable Nigeria to transition from being a passive consumer of AI technologies to an architect and builder of indigenous AI systems.

This was said by the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi CCIE, while delivering a virtual address at the InnovateAI Conference held in Lagos.
The conference brought together policymakers, technology leaders, innovators, and stakeholders to discuss the future of artificial intelligence and its role in driving Nigeria’s digital economy and national development agenda.
Inuwa outlined Nigeria’s ambition to transition from being a consumer of artificial intelligence technologies to becoming a builder and owner of AI systems that reflect national values and priorities, in line with the National AI Strategy.
“Our goal is not just to use AI, but to architect and build our own AI systems in Nigeria,” he said, stressing that the country must take ownership of its AI future.
He noted that Nigeria’s approach to artificial intelligence extends beyond innovation to include governance, infrastructure, data sovereignty, and policy evolution.
According to him, “Responsible AI is never a finished job; it is an iterative journey. Our policies must evolve as the technology evolves, and we must avoid frozen laws by adopting living policies that adapt over time.”
He cited the implementation of the Digital Economy and E-Governance Bill as a key mechanism for generating insights that will help refine AI regulations and governance frameworks.
Inuwa also highlighted the challenge of data representation in global AI systems, noting that most models are trained on non-African datasets, which often results in bias against local dialects, cultures, and demographics.
“If a model shows bias against a local dialect or demographic, we cannot just patch it. We must reinvest in infrastructure to retrain it with inclusive and representative local datasets,” he stated.
He added that building national AI infrastructure is critical to achieving data sovereignty and ensuring that Nigeria is not merely an end user of foreign AI systems.
He further called for strategic partnerships with global technology companies and hyperscalers to build AI infrastructure in Nigeria while aligning with local values and national priorities.
“The world today is a global village. We need to work with global players, but they must understand our local nuances and help us build the infrastructure to retrain and develop AI models that reflect our context,” he said.
The NITDA Director General explained that adopting a comprehensive AI lifecycle approach, from responsible data collection and governance to deployment and continuous feedback, will enable Nigeria to move from reacting to AI developments to proactively designing indigenous AI systems.
“Without understanding how AI models are trained, how decisions are made, and how models are retrained, it will be difficult to build a responsible and trustworthy AI system,” he warned.
He reaffirmed that the Federal Government is intentional about promoting responsible AI and is working closely with the technology ecosystem to co-design national AI guardrails. He described platforms such as the InnovateAI Conference and other national AI dialogues as critical to shaping Nigeria’s AI future.
E-Business
Mutual Benefits Assurance Settles ₦5.9bn Claims in January 2026

Mutual Benefits Assurance, a leading Nigerian insurance company, has paid a total of ₦5,937,665,353.57 in claims to policyholders in January 2026 alone, underlining its strong financial capacity and unwavering commitment to prompt claims settlement.

Mutual Benefits Assurance
A breakdown of the figures shows that ₦3,426,602,834.28 was paid under its General (Non-Life) Insurance portfolio, while ₦2,511,062,519.29 was paid across its Life businesses, including Group Life and Retail Life policies.
The significant payout within a single month reinforces Mutual Benefits’ reputation as a dependable insurer that honors its obligations swiftly and responsibly.
Commenting on the development, Olufemi Asenuga, Managing Director, Mutual Benefits Assurance Plc stated that claims settlement remains the core promise of insurance and the ultimate test of an insurer’s credibility.
“Insurance is built on trust. Our ability to settle over ₦5.9 billion in claims in one month demonstrates not only our financial strength, but also our deep commitment to our policyholders. At Mutual Benefits, we do not just sell policies. We stand by our promises,” he said.
With over three decades of operations, Mutual Benefits has consistently positioned itself as a strong and well-capitalised insurer.
The company operates both Life and General Insurance businesses and remains fully compliant with regulatory capital requirements as stipulated by the National Insurance Commission (NAICOM).
The January payout reflects Mutual Benefit’s robust underwriting standards, prudent risk management practices and efficient claims administration framework.
It also aligns with the company’s broader record of substantial claims settlement in recent years, reinforcing its standing as a trusted brand in the Nigerian insurance industry.
Mutual Benefits employs over 5,000 staff, managed by seasoned management team and an experienced Board of Directors. Industry observers note that prompt claims payment remains one of the most critical differentiators in Nigeria’s competitive insurance landscape.
By consistently settling valid claims without delay, Mutual Benefits continues to strengthen customer confidence, deepen market trust and expand its footprint across retail and corporate segments.
As the company begins 2026 on a strong footing, it reiterates its commitment to innovation, service excellence and delivering value to policyholders and stakeholders alike. Mutual Benefits Assurance focused on its mission to provide reliable risk protection solutions while maintaining the highest standards of professionalism and integrity.
E-Business
NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

National Information Technology Development Agency (NITDA) has issued an urgent cybersecurity warning about a serious Microsoft Office vulnerability (CVE-2026-21509) that attackers are actively exploiting.

This advisory, shared through Nigeria’s Computer Emergency Response Team (CERRT.NG), highlights the risks of this flaw and recommends immediate action to protect systems.
Microsoft has released quick security updates to fix this vulnerability, which has a severity score of 7.8, showing it is a serious risk. Attackers have already used it in targeted attacks.
CVE-2026-21509 affects multiple versions of Microsoft Office, including Office 2016, Office 2019, Microsoft 365 Apps, Office 2021, and later versions.
This flaw allows attackers to bypass security features meant to stop harmful Object Linking and Embedding (OLE) controls. OLE is an older Microsoft technology that can be used to embed links or content, but it has often been exploited by malware.
By exploiting this flaw, attackers can create specially designed Office documents.
When a user opens these documents, they can run malicious code or gain further access to the system.
Exploitation requires user interaction, meaning attackers often trick people into opening harmful Word, Excel, or other Office documents. Common methods include using email attachments or files from untrusted sources.
Because Microsoft confirmed that the vulnerability is being actively exploited, they have made emergency security updates available outside their usual schedule. Users and organisations should:
- Install the latest Microsoft Office security updates for all affected versions.
- Restart Office applications for Office 2021 and later to ensure that the updates take effect.
- Use registry-based settings for protection if updates can’t be applied right away.
- Follow good cybersecurity practices, like using endpoint protection and filtering emails.
Microsoft’s updates for Office 2021 and newer versions are automatically applied, but need a restart of the applications to be active.
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