E-Business
Report Says 65 Per Cent of Businesses Faced Cyberattacks in Last 12 Months

Most cybersecurity landscape data is focused on outsider attacks; however, recent findings reveal that insider threats are becoming more common.

Attacks originating from within the company are much more elusive since standard security practices do not work.
According to data analyzed by Atlas VPN, 65% of organizations suffered from one or more insider attacks in the last 12 months.
Insider threats come from employees or other internal users, such as contractors, that have access to the company’s internal databases.
There are two types of malicious insiders — those with harmful intent and those who are simply negligent.
An online survey of 457 cybersecurity professionals, conducted in June of 2020 by Darktrace, found that 41% of businesses experienced between 1 and 5 insider attacks in the last 12 months.
Moreover, 12% of respondents stated that they saw between 6-10 insider attacks in the last year — another 5% of surveyed professionals encountered from 11 to 20 attacks.
Finally, over 7% of company representatives stated that they experienced more than 20 attacks in the last 12 months.
Compared to last year, businesses dealt with insider attacks more often.
As many as 72% of cybersecurity professionals believe that employee security violations became more frequent in 2020.
Insider attacks are costly
Incidents caused by insider threats are becoming more common, so let’s look at the monetary damages caused by these events.
As a side-note, if the incident does go public, companies’ public image gets hurt, which, in the long-run, can cause even more losses than the immediate incident remediation costs.
Nearly half (49%) of surveyed leaders stated that the remediations after an insider attack cost less than $100 thousand.
Another 30% of respondents expressed that monetary damages caused by a single incident are anywhere between $100 thousand and $500 thousand.
A smaller part of the surveyed experts – 12%, stated that the average cost of remediation after an attack is somewhere between $500 thousand to $1 million.
Finally, 5% of companies reveal that the cost of an attack is around $1 million to $2 million, and 2% state that remediation costs exceed $2 million per successful attack.
One of the most recent and well-known hacking incidents caused by a malicious insider is the Twitter bitcoin scam that happened on July 15th, 2020.
Here, cybercriminals took over multiple high-profile Twitter accounts to promote a Bitcoin scam.
After the incident, Twitter reported that an employee cooperated with cybercriminals to carry out the hack.
This scam appeared in front of 37% of Twitter’s userbase. Luckily, damages only slightly exceeded $110 thousand in Bitcoin, as Twitter deleted those tweets quickly.
Protection from insider threats
Unfortunately, most security practices deployed to protect the company from external attacks fall completely flat when it comes to defending from insider threats.
Outside hackers have to find ways to break through firewalls and other security measures to get into the company’s databases.
On the other hand, many internal users already have access to those databases, so the same safety steps are not applicable.
Here are the steps to reduce security risks from insider threats:
Make sure that employees only have access to data and tools they need to do their jobs. The fewer people have access to a database, the less is the risk that either malicious or negligent employees can expose the data.
Employee training. While this might not help against disgruntled employees, it is the best tool for the company to make sure negligent insiders are educated and security risks are minimized.
E-Business
FG Shifting Focus to “Meaningful Connectivity” to Drive Inclusion – Minister

Bosun Tijani, minister of Communications, Innovation and Digital Economy, has said the government is shifting focus from expanding access to ensuring “meaningful connectivity” that drives economic growth and inclusion.

Bosun Tijani, minister of Communications, Innovation and Digital Economy
The minister made the statement on Friday while addressing stakeholders at the inauguration of board members of the Universal Service Provision Fund (USPF) in Abuja.
He said that although Nigeria had made significant progress since the introduction of GSM services, millions of people, particularly in rural and underserved communities, remain either unconnected or unable to fully benefit from digital services.
Dr Tijani highlighted ongoing investments in digital infrastructure, including plans to deploy 90,000 kilometres of fibre optic network and nearly 4,000 telecom towers nationwide.
He said initiatives under the USPF had improved access through projects such as rural connectivity and digital facilities in schools but stressed that the next phase must prioritise effective usage.
“It is not enough to connect a community. We must ensure that schools can teach with digital tools and that small businesses can access market opportunities,” he said, citing a pilot project in the Kura community where connectivity has enhanced access to communication, education and healthcare.
Aminu Maida, executive vice chairman, Nigerian Communications Commission (NCC) also called for a shift towards meaningful connectivity, noting that while data usage had grown significantly, it remained concentrated in urban areas.
According to him, recent data shows that telecom usage has increased by about 160% over the past two years, largely driven by urban demand.
“When we drill down, we see that a lot of that growth is actually in urban centres. So, the gap between those who are not connected or not meaningfully connected is growing,” he said.
Dr Maida added that the trend underscored the need for the USPF board to intensify efforts to bridge both access and usage gaps across the country.
Both officials emphasised the importance of collaboration, sustainable investment models and improved digital literacy to ensure that connectivity translates into real economic benefits for Nigerians.
E-Business
Jury Finds Meta, Google Liable for Woman’s Social Media Addiction

A jury in Los Angeles has found technology companies, Meta and Google liable for contributing to a young woman’s social media addiction, in a case being described as a landmark ruling.

The 20-year-old woman, identified only as Kaley, argued that she became addicted to Google’s YouTube and Meta’s Instagram from an early age due to their attention-driven design features.
According to her testimony, she began using YouTube at the age of six after downloading the app on her iPod Touch to watch videos about lip gloss and online games.
Kaley told the court that she joined Instagram at nine, bypassing parental restrictions put in place by her mother, and spent extended periods on social media.
The trial, which lasted about a month, with arguments and evidence from both sides.
Jurors also heard testimony from Mark Zuckerberg, chief executive, Meta and Adam Mosseri, Instagram head.
However, Neal Mohan, YouTube chief executive, did not testify.
The jury found that the companies were negligent in the design of their platforms and failed to adequately warn users about potential harms. Meta and Google were ordered to pay the woman $3 million in damages.
Jurors also recommended additional punitive damages, including $900,000 against YouTube and $2.1 million against Meta, according to company spokespersons.
The jury apportioned 70 per cent of the responsibility to Meta and 30 per cent to YouTube.
Kaley was present in the courtroom when the verdict was delivered, alongside parents of other teenagers who say they were harmed by social media use. Both companies said they plan to appeal the decision.
“We respectfully disagree with the verdict and will appeal. Teen mental health is profoundly complex and cannot be linked to a single app. We will continue to defend ourselves vigorously as every case is different, and we remain confident in our record of protecting teens online”, a Meta spokesperson said.
José Castañeda, Google spokesperson, said the case misunderstands YouTube, which is a responsibly built streaming platform, not a social media site.
E-Business
Nigeria, Finland Sign Cybersecurity Pact

Nigeria and Finland have signed a Memorandum of Understanding (MoU) on digitalisation and innovation, prioritising stronger cybersecurity cooperation amid a surge in cyberattacks targeting Nigerian institutions.

The agreement was formalised in Abuja on Monday between Dr Bosun Tijani, Nigeria’s minister of communications, innovation and digital economy, and Jarno Syrjälä, Finland’s under-secretary of state for international trade.
The MoU focuses on cooperation in digital governance, technology infrastructure, and cybersecurity to drive economic growth and improve public services, says a statement issued on Monday by Isime Esene, special assistant to the minister.
The agreement is a significant step in strengthening bilateral relations and advancing Nigeria’s digital economy agenda, says Tijani.
He notes the MoU builds on engagements in Helsinki in February, which centred on Nigeria’s Data Exchange Platform and Finnish participation in Project BRIDGE (Building Resilient Infrastructure for Digital Growth and Empowerment).
The talks also involved key Finnish finance institutions, including Finnvera and Finnfund.
The partnership is expected to unlock new opportunities for innovation and investment, positioning digital technology as a catalyst for shared prosperity, says Tijani.
Finland is committed to supporting the development of resilient, secure, and human-centric digital systems in Nigeria, says Syrjälä. He adds that digitalisation should enhance public trust and empower citizens, noting that Nigeria remains a strategic partner for Finland in Africa.
The agreement complements Finland’s lead role in a €23 million Team Europe Initiative aimed at strengthening Nigeria’s digital public services.
This programme is implemented by Finland’s development agency, HAUS, in collaboration with Estonia’s ESTDEV, and supports the 3 Million Technical Talent (3MTT) programme.
The deal comes as Nigerian organisations record the highest number of cyberattacks in Africa. In January 2026, organisations experienced an average of 4 701 attacks per week, a 12% year-on-year increase, according to Check Point Research.
In response, authorities are developing the 2026 National Cybersecurity Policy and Strategy update.
Expected later this year, the framework will mandate minimum cybersecurity investment requirements for organisations operating critical national information infrastructure, notes the ministry.
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