E-Business
Nigeria Discusses ICT as Alternative Revenue Source at CeBIT 2016

Nigeria has taken a major practical step in its efforts to actualise plans to diversify its economy away from oil by sending a high-powered delegation to attend CeBIT 2016, the world’s leading information and communications technology conference and expo.
The Nigerian delegation was led by Dr. Vincent Olatunji, acting director-general of the National Information Technology Development Agency (NITDA), who represented the Honourable Minister of Communication, Barrister Adebayo Shittu.
Speaking on behalf of the Minister when he led the delegation to meet with the management of Deutsche Messe, organisers of CeBIT, to explore ways of collaboration and how Nigeria as a country can actively play and participate at CeBIT, Dr. Olatunji told the organisers that Nigeria is looking towards ICT as a very good avenue to tap into so as to shore up her revenue inflow especially as price of oil is falling at the international market.
Having explained that the Honourable Minister would have personally attended CeBIT 2016 but was engaged in another international programme on behalf of the Federal Government of Nigeria, Dr. Olatunji told his hosts, “One unique feature of Nigeria is a huge population of nearly 180 million people who are very IT savvy. And, currently the government is looking for alternative revenue channels to oil, hence the government is ready to support the activities focused on ICT.
“And, backing up the government’s efforts, stakeholders in the private sector are coming up with various solutions,” he stated, adding:
“So, I think CeBIT is the platform where we can really showcase and promote what we have; and even look for markets for what we have in Nigeria; look for investors for the young innovators that are coming up; investors that will say if I put in this amount of money in this idea or solution, in the next five or 10 years, this is what will likely be the turnover for me.”
Explaining the uniqueness of Africa’s largest economy, Olatunji said: “Because the market in Nigeria alone is enough to convince an investor to say I really must go into this market; Nigeria is like putting five to six countries in Africa into one country, because of the population. And a very high percentage of the population are the youths, and they are really ready and willing to adopt and use ICT.
“So next year, yes, we are willing to work with you; we are willing to partner with you. And, I am happy that our very important personalities in the government, from the National Assembly, are here with us.
“In fact, their presence is a clear testimony to government’s overall preparedness and willingness to adopt ICT as a reliable alternative to oil for economic growth, for earning foreign exchange and for growing a self-reliant population.
“We are glad to further assure you that we will work with you on the part of the Agency in implementing government’s policies in the area of ICT development in Nigeria.
“For CeBIT 2017, we will start working towards it immediately; we will not wait till close to 2017 before making the moves. In particular, we are very keen on working to bring our young innovators to CeBIT 2017 as a country, among other key areas to showcase.”
Speaking on his impressions of CeBIT 2016 and the impact it could have on Nigeria, Honourable Mohammed Onawo, the chairman, House of Representatives Committee on ICT said: “I am particularly excited that I have attended CeBIT 2016; and with what I have seen, it has encouraged me to take a lot of things back home. One, the digital economy. While we were going round on the guided tour, we visited SAP; and they demonstrated to us software where everything that is done in government can easily be monitored. I was excited about that; because what makes most of our governments fail in the Third World is lack of proper monitoring.
“For instance when budgets are not monitored, a lot of things are done under assumptions; results are not achieved at the end of the day. And, I will really want to take that back home.”
Speaking further, Onawo added: “The second one is the young innovators, start-ups. Before the next CeBIT where we would like to bring our country to showcase our young innovators, I would encourage NITDA to organise a mini-exhibition back in Nigeria; we will discuss with the minister in charge of communication, to see how we can bring young inventors or young innovators together to showcase what they have.
“From there, the best will emerge, that can present something international, that is those that can represent us will emerge from there; and will be selected to come down here. If that is done, a lot of young people who have ideas, but do not know how to bring them out can be encouraged to come out with such ideas.”
Also, Senator Abdulfatai Buhari, chairman, Senate Committee on ICT added: “The opportunity of being at CeBIT 2016 is really commendable. I’m coming to CeBIT for the first time. What we witnessed today while being given the guided tour was amazing. I compare it to what happened in my country some months ago – and I thought if the guy in question was in Europe or America probably investors would have identified his talent.
“This Nigerian in a rural area in the country, manufactured an aircraft, and everybody watched in amazement; and, like a joke, he was able to fly the aircraft. He tried it once; the second time, it landed on water. When he was interviewed, he said that is IT (information technology). But if nobody identifies him that’s how he could remain with his initiative.
“So, I thought about this guy; and, my feeling is we need to pick up such talent that has been identified; these are the young innovators we are talking about. And there are several of them like that across our country. So, our hope is that by the time we are coming for CeBIT 2017, we would have a good story to tell,” Senator Buhari stated.
The NITDA Acting D-G further explained that the agency’s annual lead event for 2016, e-Nigeria, is themed and focused on young innovators. His words:
“Incidentally, the focus of e-Nigeria this year is on Young Innovators, where they will pitch, for three days, in a competitive atmosphere.”
The delegation, which included ICT stakeholders, regulators, as well as the chairmen of the ICT Committees in the Senate and House of Representatives, Senator Abdultfatai Buhari and Honourable Mohammed Onawo, Executive Commissioner of the Nigerian Communications Commission, Engr. Ubale Maska and the Director, Customer Affairs Bureau of NCC, Mallam Abdullahi Maikano, Dr. Agu Collins Agu, Director, Infrastructure and Technical Support Services, NITDA as well as Mrs. Hadiza Umar, Head, Corporate Affairs of NITDA, had earlier been given a guided tour of selected but leading exhibitors, including Huawei, Tesla, SAP and Intel, among others.
The five-day CeBIT 2016 conference, which put digitisation at the top of the business, political and social agenda, featured more than 500 concrete examples of digitisation and the Internet of Things, where it was reported that in the coming years, more than 50 billion objects will likely be connected with the Internet, with 90 per cent of added value being created in the B2B sector.
With the lead theme “d!conomy: join – create – succeed” , CeBIT 2016 focused on the people behind the decisions powering the digital transformation.
A major feature also on the exhibition areas was the Start-ups at SCALE11 which demonstrated how the Internet of Things can create new business models. More than 400 start-ups at CeBIT 2016 provided a creative boost. They demonstrated how technological innovations go hand in hand with innovations in business models.
Plans are being put together for Nigeria to feature at CeBIT 2017 very strongly.
E-Business
Firm Shares Insights into Ransomware Trends and Tactics @ International Anti-Ransomware Day-2026

On International Anti-Ransomware Day, May 12, Kaspersky shares a report with an overview of ransomware trends that marked 2025 and insights into what the threat landscape holds in 2026.

According to Kaspersky Security Network, in 2025 Latin America had the highest share of organisations with ransomware attacks detected (8.13%), followed by the Asia-Pacific region (7.89%), Africa (7.62%), Middle East (7.27%), the Commonwealth of Independent States (CIS, 5.91%) and Europe (3.82%).
The report highlights the rise of “encryption-less” extortion attacks, the use of post-quantum cryptography by ransomware groups, and the persistent use of Telegram channels by cybercriminals to distribute compromised data sets and credentials.
Despite a slight decline in the overall share of organisations attacked by ransomware in 2025 compared to 2024, users remain at significant risk as attackers industrialise their operations, automate intrusion methods, and increasingly focus on stealing and leaking sensitive data rather than simply encrypting systems.
One of the trends in 2025 is the continued rise of endpoint detection and response (EDR) “killers” – tools specifically designed to disable endpoint security solutions before executing the malware itself. EDR killers have become a standard component of attacks, which means more deliberate and methodical intrusions.
Researchers also noted the emergence of ransomware families adopting post-quantum cryptography standards – this was predicted by Kaspersky previously. The development signals a concerning shift toward encryption methods that could resist future quantum computing decryption attempts.
The role of Initial Access Brokers (IABs) – cybercriminal intermediaries that sell pre-compromised corporate access through underground forums and messaging platforms – is growing. RDWeb portals (websites through which devices can be controlled remotely) are increasingly targeted as ransomware groups continue to industrialise attacks through “Access-as-a-Service” operations. As a result, the barrier to launching ransomware attacks declines.
Telegram channels and dark web forums continuously function as platforms for the distribution and for the sale of compromised data sets and accesses including those that were obtained as a result of ransomware attacks.
A major underground forum, RAMP, which also functioned as a platform through which threat actors advertised their ransomware services and published service‑related updates, got seized by authorities in January 2026.
Another underground forum, LeakBase, where malicious actors distributed exfiltrated and compromised data, was seized in March 2026. However, while law enforcement agencies are actively shutting down dark web platforms and ransomware data leak sites, similar portals may appear over time.
Active groups
Among the most active ransomware groups in 2025 based on data leak sites, Kaspersky identified Qilin as the dominant ransomware-as-a-service (RaaS) operator following RansomHub’s seizure of operations. Clop ranked as the second most active group, with Akira in the third place.
While several major ransomware groups stopped operation in 2025, new actors emerge. Looking at 2026, the Gentlemen is one of the most important new ransomware actors due to the group’s rapid growth, structured operations, and increasing focus on data-centric extortion. The group may include attackers formerly associated with other major ransomware operations.
The Gentlemen exemplify a broader shift in the ransomware ecosystem away from chaotic, high-noise campaigns toward scalable, business-like extortion models focused primarily on stealing sensitive data and leveraging reputational and regulatory pressure rather than relying solely on disruptive file encryption.
“Ransomware has evolved into a highly organised ecosystem focused on monetising stolen data, disabling defences, and scaling attacks with business-like efficiency. Threat actors are quickly adapting, weaponising legitimate tools, exploiting remote access infrastructure, and even adopting post-quantum cryptography years earlier than many expected.
“The purpose of Anti-Ransomware Day is to raise global awareness about the threats posed by ransomware and to promote best practices for prevention and response, and we urge all users to stay secure, set up layered defences, invest in backups and boost cyberliteracy levels to counter attacks,” comments Fabio Assolini, Lead Security Researcher at Kaspersky GReAT.
On Anti-Ransomware Day and beyond, Kaspersky encourages organisations to follow these best practices to safeguard from ransomware:
- Enable ransomware protection for all endpoints. There is a free Kaspersky Anti-Ransomware Tool for Business that shields computers and servers from ransomware and other types of malware, prevents exploits and is compatible with already installed security solutions.
- Always keep software updated on all the devices you use to prevent attackers from exploiting vulnerabilities and infiltrating your network.
- Focus your defence strategy on detecting lateral movements and data exfiltration to the Internet. Pay special attention to outgoing traffic to detect cybercriminals’ connections to your network. Set up offline backups that intruders cannot tamper with. Make sure you can access them quickly when needed or in an emergency.
- Companies from non-industrial sector can protect themselves by installing anti-APT and EDR solutions that enable capabilities for advanced threat discovery and detection, investigation and timely remediation of incidents. Organizations can also provide their SOC teams with access to the latest threat intelligence and regularly upskill them with professional training.
E-Business
Firm Warns of Phishing Attacks via Compromised Amazon Simple Email Service Accounts

Kaspersky has detected phishing and business email compromise (BEC) attacks that are leveraging Amazon Simple Email Service (SES) – a cloud-based email service designed for businesses and developers to send and receive high-volume marketing, notification, and transactional emails (for instance, password resets).

Because these emails are sent via a trusted service, they originate from reputable IP addresses, frequently include legitimate “.amazonses.com” identifiers. This makes phishing messages nearly indistinguishable from legitimate correspondence at a technical level. Users should treat unexpected emails with extreme caution.
The attacks are driven by the theft and exposure of credentials from Amazon Web Services (AWS). The attackers are using leaked AWS Identity and Access Management Keys – often found in public repositories, misconfigured cloud storage, and exposed configuration files. With automated tools, threat actors can identify valid keys and abuse them to send large volumes of malicious emails through legitimate infrastructure operated by Amazon.
Attackers disguise malicious links behind trusted domains such as amazonaws.com using redirects and by creating highly convincing HTML email templates. In many cases, phishing pages are hosted on infrastructure that appears legitimate, further increasing the likelihood of credential theft from victims.
One of the campaigns observed by Kaspersky in early 2026 involved emails impersonating document-signing platforms like DocuSign. Victims were prompted to review and sign documents, only to be redirected to fraudulent login pages hosted on an Amazon Web Services page designed to capture credentials.
Researchers also identified business email compromise attacks carried out via Amazon SES in which attackers impersonated employees and fabricated entire email threads with suppliers. These messages, often sent to finance departments, requested urgent payments and included PDF attachments containing only banking details – with no malicious links – making detection challenging.
“We’ve seen attackers abuse trusted platforms before – like in cases with Google Tasks and Google Forms – where scammers rely on built-in notification mechanisms to deliver phishing links from legitimate domains like @google.com, effectively bypassing email filters and exploiting user trust.
“However, the abuse of Amazon SES represents a more advanced stage of this trend: instead of merely leveraging a platform’s notification features, attackers compromise cloud credentials and gain direct control over a trusted email-sending infrastructure. This allows them to scale attacks, fully customise messages, and deliver phishing emails that are hard to distinguish from legitimate business communications,” commented Roman Dedenok, Anti-Spam Expert at Kaspersky.
E-Business
NITDA says Digital Infrastructure Key to Startup Investment, Growth

National Information Technology Development Agency (NITDA) has reaffirmed that a strong and reliable digital infrastructure is fundamental to attracting investment, boosting competitiveness, and achieving sustainable growth within Nigeria’s startup ecosystem.

NITDA
This position was underscored at the Africa Fintech Foundry Ecosystem Roundtable 7.0, a virtual engagement themed “The Capital Reset: What Technologies Are Still Fundable in Africa?”
Speaking on behalf of Kashifu Inuwa, Director General of NITDA, the Special Assistant on Digital Transformation to the DG, Muhammad Aminu, emphasised that investors are increasingly drawn to startups operating in environments supported by dependable digital infrastructure and clear, predictable policy frameworks.
He explained that digital infrastructure goes far beyond basic internet access. According to him, it encompasses cloud computing systems, digital identity frameworks, payment infrastructure, data exchange platforms, interoperability standards, cybersecurity architecture, and emerging artificial intelligence technologies.
He noted that, “These foundational systems significantly lower operational barriers for startups, enabling founders to focus on innovation, customer acquisition, and scaling, rather than having to build essential infrastructure independently.”
From an investment standpoint, Aminu observed that robust digital infrastructure reduces uncertainty, lowers operational risk, enhances scalability, and considerably cuts the cost of expansion, thereby making startups more attractive to both local and international investors.
He further highlighted several ongoing government initiatives aimed at strengthening Nigeria’s digital ecosystem. These include sovereign cloud projects, data interoperability frameworks, cloud adoption policies, cybersecurity and data governance reforms, as well as the implementation of the Nigeria Startup Act.
In addition, he stressed that regulatory clarity and consistency in policy direction remain critical in attracting sustained investment into the technology sector.
Aminu also noted that NITDA is giving priority to human capital development through the 3 Million Technical Talent (3MTT) programme, describing skilled manpower as a vital component of digital infrastructure.
In conclusion, he stated that a strong, well‑structured digital infrastructure framework not only lowers the cost of innovation but also boosts investor confidence and supports the long‑term growth and expansion of Nigeria’s startup ecosystem.
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