E-Business
State of Nigeria’s Cyber Security

In spite of the fact that the Cybercrime Act was passed into law in 2015, key stakeholders, such as the Judiciary and the Law Enforcement agencies are yet to come to terms in understanding and implementing the law. I recently had a discussion with Remi Afon, President of Cyber Security Experts Association of Nigeria on the activities of the Nigerian Cyber Security space.
On whether the Nigerian cyber security space is safe or not, Remi is of the view that it is not yet in a safe position.
This is because Nigeria faces a lot of threats and man of the things we are supposed to put in place to allow us move closer to being safe are not in place.. According to him, some of the things that are supposed to be in place include proper regulation.
He stated that, although, we have a Cybercrime law in place, there are still some other laws that are supposed to be put in place, such as the Data Protection law.
The Data Protection law, he maintained, will force organisations to be more responsible in protecting other people’s data under their custody and the ability to know and inform whenever there is a reach.
Remi stated that lots of attacks are going on in the country which were not reported and these are making organisations very irresponsible. He is of the opinion that there is the need for responsibility, governance and compliance when it comes to cybercrime in Nigeria.
When asked to give examples of cyber-attacks that were not reported, Remi was, however, reluctant to do this because he stated that he got those information in confidence. He, however, opined that some Telecommunications companies in Nigeria, on good report, have admitted being attacked and data stolen from them.
He also noted that some banks have been attacked, with some being reported and taken into account by the CBN while others were not reported.
Reacting to the figure of cyber-attacks reeled out by the National Security Adviser for last year, Remi said it is just a tip of the iceberg, noting that lots of cyber-attacks took place in this country last year that went unreported, hence, those figures were not part of the figure stated by the National Security Adviser.
He also stated that the figures given was just the financial loss incurred due to the breaches and does not include loss to other countries from cybercrime activities in Nigeria.
On whether Nigeria is taking the issue of Cyber security seriously or not, Remi is of the view that we are not. He stated that there is the need to have a body in charge of cyber security as we have in some advanced countries. He stated that CERRT that is on ground in Nigeria is not working. Their website is not anything to write home about.when compared with similar sites in other countries in terms of threat intelligence carried out, mehods of gathering information and working with stakeholders. Remi, therefore, recommended the complete overhaul of the entire cyber security posture of the country. He stated that a cyber security strategy and policy which were done by the last administration are in place, but these now needs to be implemented.
When asked of what will happen if we neglect to do what we ought to do in terms of checkmating cybercrime, Remi stated that we have a lot of critical infrastructure in this country which can be brought down. Ransomware threats are also on the cards.
Reacting to whether his Association is in collaboration with the security outfits in the country, he said that his Association has been trying to hav an audience with the National Security Adviser but this has not yet materialised.
He said security outfits may not be taking his Association seriously because they do not know the impact of cybercrime.
Top cyber security threats that Remi thinks we are facing in Nigeria include Ransomware, The CEO Scam, Online Assisted Kidnapping and Cyber-bullying. He emphasized that cyber-bullying is a crime punishable within the purview of the Cybercrime law, but in spite of the fact that people are carrying out this crime in Nigeria, no one has has been prosecuted so far.
On people’s assertion that the Cybercrime law is tilted towards financial aspects of cybercrime, Remi is of the opinion that it is not true because the law covers both the financial and non-financial aspects of cybercrime.
When asked whose responsibility it is to enforce the Cybercrime law, he stated that that is another gap to be filled because the law says that all relevant agencies are responsible for its enforcement. He said that one of the things his Association is advocating for is that a specific body be assigned to enforce the Cybercrime law.
The outfit will have to be prosecuting cyber criminals and carrying out and carrying out a lot of research on threat intelligence. He stated that the outfit will have to be proactive and penetrate the dark web to know what is happening there, etc.
Remi is of the view that Blockchain technology is a good technology that has come to stay and the earlier we embrace it because, in the long run, it will make physical cash outdated. He state that there is a way to block money laundering and other vices while using the Blockchain technology.
CFA is the Founder, www.CFAtech.ng & Co-producer/Presenter,Tech Trends on Channels Television
E-Business
Nigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025

In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024.

This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of Check Point Software Technologies.
According to the statistics, Latin America was the hardest hit, with companies experiencing an average of 3 065 cyber-attacks per week, a 26% year-over-year increase.
In contrast, Africa saw a decline in attacks, with Nigeria (4 622 attacks per week) and Angola (4 002 attacks per week) being the most targeted countries on the continent.
The report’s findings highlight the evolving cyber threat landscape, with ransomware and GenAI-driven data risks posing significant challenges to companies worldwide.
Ransomware attacks jumped 60% year over year, with 945 publicly reported incidents in December. Qilin was the most active ransomware operator, responsible for 18% of publicly disclosed attacks.
“Ransomware continues to scale through industrialised operations, while unmanaged GenAI usage is creating widespread data exposure at enterprise level,” said Omer Dembinsky, data research manager at Check Point Research.
The report noted the education sector was the most targeted industry globally, with 4 349 cyber attacks per week; followed by government (2 666 attacks per week); and associations and non-profits (2 509 attacks per week).
The widespread adoption of GenAI tools has introduced new cyber security risks, with one in 27 GenAI prompts posing a high risk of sensitive data leakage.
Experts warn that companies must prioritise prevention-first security, real-time AI threat intelligence and strong governance over AI tools to mitigate these risks.
Hendrik de Bruin, head of security consulting at Check Point Software, added: “Strengthening ransomware resilience, deploying AI-powered prevention and enforcing clear GenAI governance will be critical to reducing cyber risk in the year ahead.”
E-Business
Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge.

Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management.
A Security Operations Center (SOC) is a dedicated organisational unit responsible for continuous monitoring and safeguarding of a company’s IT infrastructure. Its core mission is to proactively detect, analyse and respond to cybersecurity threats.
To identify the main drivers, strategic priorities, and potential challenges in SOC planning and implementation, Kaspersky has conducted a comprehensive global study involving senior IT security specialists, managers and directors from companies with 500 or more employees.
All participants operate without a SOC but have plans to establish one in the near future. The study spans 16 countries across APAC, META, LATAM, Europe, and Russia, providing valuable insights into the emerging trends and best practices in SOC development worldwide.
The findings of the research reveal that 50% of companies intend to establish SOCs to strengthen their cybersecurity posture, and 45% are motivated by the need to address increasingly sophisticated and dangerous threats.
Other drivers include budget optimisation, the necessity for faster detection and response, and the expansion of software, endpoints and user devices – factors that demand more comprehensive and layered security measures.
These are cited by 41% of organisations. Additionally, 40% seek better protection of confidential information, 39% aim to meet regulatory requirements and one-third (33%) expect SOC capabilities to provide a competitive edge. Larger enterprises tend to cite each of these reasons more often, reflecting the broader operational and regulatory pressures they experience.
Continuous monitoring becomes the leading SOC requirement
Among the key functions organisations plan to delegate, 24/7 security monitoring leads at 54%. This around-the-clock vigilance enables early detection of anomalies, prevents escalation and sustains cyber resilience in real-time. This demand highlights a strategic requirement for proactive risk management, as organisations aim to defend against persistent threats that can strike at any moment.
Companies intending to fully outsource SOC operations show a stronger interest in applying “lessons learned” methodologies, whereas those developing internal SOCs focus more on access management to maintain tighter control.
Human expertise drives SOC technology choices
While SOCs use advanced technology, the choices made by organisations show that human analysts are very important. Among the solutions that organisations plan to include in SOC are – Threat Intelligence Platforms (48%), Endpoint Detection and Response (42%) and Security Information and Event Management systems (40%) – sophisticated solutions that automate data collection and reduce operational load, however, they depend heavily on skilled security professionals who provide critical context, interpret complex findings and make final decisions when guiding appropriate responses.
Other solutions chosen include Extended Detection and Response (38%), Network Detection and Response (37%) and Managed Detection and Response (33%). Large enterprises tend to adopt more technologies (5.5 per SOC on average), while smaller ones integrate fewer (3.8).
“To successfully build a SOC, companies must prioritise not only the right mix of technology but also the careful planning of processes, clear goal-setting and effective resource distribution.
“Well-defined workflows and continuous improvement are essential to ensure that human analysts can focus on critical tasks, making the SOC a proactive and adaptable component of their cybersecurity strategy,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.
E-Business
Nigerian Terra Industries Secures $11.8m for Expansion

Terra Industries, a Nigerian defence technology startup, has raised $11.75 million to expand its development of defensive systems that protect critical facilities across Africa.

The fundraising round was led by Silicon Valley venture firm 8VC, which was founded by Palantir co-founder Joe Lonsdale.
Other investors in the round include Valour Equity Partners, Lux Capital, SV Angel, and Nova Global, as well as African-focused funds Tofino Capital, Kaleo Ventures, and DFS Lab.
Terra Industries, founded in Abuja by Nathan Nwachuku and Maxwell Maduka, provides multi-domain security solutions for both air and land. Its solutions are intended to detect and respond to threats including terrorism, sabotage, and armed attacks on infrastructure.
The company’s product portfolio includes surveillance drones, ground-based robotic systems, and fixed monitoring towers deployed around sensitive locations.
Co-founder and CEO Nathan Nwachuku said the company has now fully embraced its identity as a defence-focused startup, citing the growing urgency of security challenges across Africa.
He said safeguarding critical infrastructure from terrorist threats has become unavoidable.
Nwachuku argues that protecting Africa’s infrastructure requires a different approach, one that combines local manufacturing, end-to-end system control, and software capable of independently identifying and responding to threats over large areas.
The company aims to position itself as a defence prime, similar to the role played by firms such as Anduril Industries and Palantir in the United States.
Nwachuku also disclosed that the company had earlier raised $800,000 in pre-seed funding.
With the new funding, Terra plans to increase manufacturing capacity within Africa, establish additional defence production facilities, and expand its artificial intelligence and software teams.
While software offices are planned for San Francisco and London, the company said manufacturing operations will remain on the continent.
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