E-Business
Budget Constraints Begin to Bite Smart Digital Enterprise

In a recent IT security survey of Middle East organizations conducted by International Data Corporation (IDC), almost 60% of the respondents identified budget constraints as a major challenge when it comes to implementing IT security solutions.
At the same time, 68% of Middle East CIOs indicated that maintaining security will remain their biggest technology challenge throughout 2016 as they face mounting pressure to ensure high levels of system performance and availability.
This requirement to seemingly do more with less featured heavily on the agenda of IDC’s recent IT Security Roadshows in Jeddah and Riyadh, where more than 250 senior security professionals from the Kingdom’s government, oil and gas, manufacturing, construction, and BFSI verticals – to name just a few – gathered to undertake an in-depth examination of the increasingly volatile forces shaping the prevailing threat landscape in Saudi Arabia as new economic realities begin to bite.
“Given the current economic environment, it is only natural that organizations in Saudi Arabia look to revisit their IT budgets,” says Megha Kumar, senior research manager for software at IDC Middle East, Africa, and Turkey. “But while cost optimization is an obvious priority, organizations must not neglect the critical importance of their information security posture. Employing a reactive approach to security in these circumstances is certainly a strategy to avoid as it creates exactly the sort of ecosystem that cybercriminals require in order to gain access to systems and even compromise critical infrastructure.”
“Budget constraints are likely to remain a challenge for the foreseeable future in Saudi Arabia,” continues Kumar. “But the security conundrum becomes even more challenging when organizations look to start downsizing their headcounts in a bid to free up much-needed resources. In such a scenario, the threat of insider risk is exacerbated as disgruntled employees leave the company, potentially taking sensitive corporate information with them. As such, data loss prevention, data access management, and governance all become major security factors that must be addressed in order to avert any unwanted drama.”
With all this in mind, organizations in the Kingdom are now seeking IT solutions that will facilitate improved cost and operational efficiencies. And as they increasingly look to exploit innovative new business models and services, they will inevitably move into far more open, digitally-enabled ecosystems.
This all means that cybersecurity and privacy solutions will become one of the major technological drivers of successful digital transformation strategies, but businesses must first undertake a proper risk assessment to discover precisely where they can be compromised.
“The successful application of network security is largely dependent on the ability of Saudi organizations to understand and analyze the nature of cyber risk and appreciate its potential impact on their businesses,” said Ruben Espinosa, regional marketing manager at RSA, which partnered with IDC for the IT Security Roadshow 2016 in both Jeddah and Riyadh. “It is encouraging to see that cybersecurity is finally being taken very seriously in the Kingdom, with a growing number of organizations now incorporating cyber risk into their enterprise risk-planning strategies, bringing board-level visibility to a vital area that has traditionally been overlooked. It is certainly an approach that RSA advocates, and we were delighted that our partnership with IDC enabled us to reinforce this message with the people that truly matter.”
As well as Jeddah and Riyadh, IDC’s annual IT Security Roadshow has also already stopped off in Kuwait, Istanbul, and Ankara, and its tour of the Middle East and Africa is far from over as events are still to be held in Doha, Oman, Amman, Abu Dhabi, Bahrain, Cairo, Johannesburg, and Lagos.
A wide range of leading technology vendors partnered with IDC’s ‘IT Security Roadshow 2016’ in Riyadh, including RSA and Palo Alto as Platinum Partners; Help AG (in association with Tenable) and Cyberia as Gold Partners; HP, Aujas, Aruba Networks, and Oxygen as Silver Partners; and Innovative Solutions as lunch partners.
IDC’s partners in Jeddah included RSA and HP (in association with Natcom) as Gold Partners; Check Point as Silver Partner; and Innovative Solutions as Lunch Partner.
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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