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Cyber Risks Have Become New Norm in Business Life- Aimufia

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L-R: Head of Construction, Power Gen. & Cyber, CHUBB Africa & Eurasia, Gilbert Flepp; Executive Director, General Business, Leadway Assurance, Ms. Adetola Adegbayi; General Manager, CHUBB Tunisia, Kamal Kaabi and MD/CEO, Leadway Assurance, Mr. Oye Hassan-Odukale at the Cyber Risks Seminar organized by Leadway Assurance in partnership with Chubb and Munich Re on Thursday, 12 October, 2017 in Lagos.#CyberRisksSeminar
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Cyber incidence has become new norm with the increase in number of people that use mobile phones to assess the internet.

Odalo Aimufia, CIO, Leadway Assurance, made the remark while speaking on “Cyber Risk: Overview of the Threat Landscape,” stating that in recent years people assess the cyberspace through mobile phone, “whether it’s in developing or developed world, we have more and more people assess the internet through their mobile phones and that has exponentially raised the issue of how do we secure ourselves”.

Aimufia who was part of discussants at Leadway Assurance Company Limited’s Cyber Risks seminarheld recently in Lagos.

Leadway Assurance, Nigeria’s foremost insurance service companies organized the Seminar in partnership with Chubb Limited, world’s largest publicly traded property and casualty Insurer.

He added that most organizations that are forward looking have in their agenda something around cyber space and protection.

“It’s either the company is trying to go digital and as they go digital they exposure themselves to third party, so the question is how do we do it in a safe way.What are the possible repercussions of this digitalization programs,” he said.

Aimufia stated that a survey carried out last year shows that 41% of CEOs indicated that companies are likely to go digital in the next few years and a similar survey carried out last year also shows that 72% of these CEO’s identify Cyber risks as one of their top most priorities in their organizations, which means that cyber security is the one of the top three things that keeps these CEOs awake at nights.

He added that Cyber crime is a major threat to businesses, as 94% of people survey indicated that cyber crime is a major threat to their business.

The Leadway Assurance CIO noted that these cyber threats are not always external alone, it has become internal too, as more people

However, other facilitators at the Cyber Risks Seminar expressed that cyber risks are huge threats and that there is need to mitigate or nib them in the bud.

Ms. Adetola Adegbayi, executive director, General Business, Leadway Assurance, while speaking on “Cyber Risk: Crime and Infidelity” expressed that value is what leads to crime, “we have positive and negative value depending on how we behold what is of value to us”.

 

“I will start by considering what Value is, it is essentially value that leads to crime, Value is why people exploit, people need to earn money, and when you see something of value you decide what you want to do with it and you set all your business around it, hopefully if everything goes well and the market is right you make money.

“And that any value that is developing on a positive side there’s also a negative side of value, the negative side of value is crime,” she said.

She added that as the general world is being automated, crime world is being automated, that people in the crime world is striving to be ahead in their act.

She narrated an incident where a staff of a financial institution was blackmailed into compromising the system in order to rescue a family member who kidnapped.

 

She said “Crime has become suffocated that it could be committed when an internal person in an organization is being threaten to commit crime, when either their family member have been kidnapped and they need to compromised the system by transfer money from with the system to the person who is holding their family member at ransom,”

 

She enumerated so many ways through which crimes are been committed and stressed need for us to put control measures in place in order to mitigate it.


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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LASTMA Launches 3367 Toll-Free Hotline for Emergency Response, Traffic Management

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(LASTMA) has launched a new toll-free short-code hotline, 3367, to improve emergency response, enhance traffic managemestrengthen accountability across Lagos State.

LASTMA Launches 3367 Toll-Free Hotline for Emergency Response, Traffic Management

The new platform replaces the agency’s previous long-service code and provides a simpler and more accessible channel for residents to report traffic-related incidents. The service is available at no cost to subscribers on MTN, Glo and Etisalat (T2) networks.

Motorists and other road users can use the hotline to report vehicle breakdowns, road crashes, disabled trucks, stranded tankers, traffic obstructions and other emergencies requiring immediate intervention.

The platform also allows members of the public to report the conduct and professionalism of LASTMA personnel, a move aimed at promoting transparency and accountability within the agency.

To ensure wider accessibility, callers can communicate with hotline operators in English, Yoruba or Pidgin English, helping to eliminate language barriers and encourage greater public participation.

Speaking on the initiative, Mr. Olalekan Bakare-Oki, general manager, LASTMA, described the launch as a major milestone in the agency’s efforts to build a safer, more efficient and technology-driven traffic management system.

He said the hotline reflects LASTMA’s commitment to leveraging digital solutions to tackle transportation challenges while strengthening collaboration with residents.

According to Bakare-Oki, the 3367 hotline provides Lagos residents with a direct, convenient and free channel to report incidents requiring urgent attention, noting that the growing complexity of Lagos as a major African megacity demands a proactive and technology-enabled approach to traffic management.

He assured residents that all reports received through the platform would be handled professionally and confidentially before being forwarded to the appropriate operational units for prompt action

Bakare-Oki urged the public to make effective use of the hotline to support road safety, improve accountability and contribute to a more efficient and sustainable transportation system across the state.

 


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PalmPay Strengthens Data Protection Culture with Employee Privacy Workshop and Privacy Champions Programme

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PalmPay has reinforced its commitment to responsible data governance and customer information protection through a specialised two-day data protection workshop for employees and the launch of its internal Privacy Champions Programme, an initiative designed to strengthen awareness, accountability, and responsible data handling across the organisation.

The initiative comes at a time when data protection is increasingly critical following recent reports of recorded 281,500 compromised user accounts in the first quarter of 2026, ranking 34th among the world’s most breached countries, according to a new quarterly data breach analysis by cybersecurity firm, Surfshark.

Facilitated by the Nigeria Data Protection Commission (NDPC) and leading Data Protection Compliance Organisation (DPCO) TechHive Advisory, the two-day workshop equipped employees with practical knowledge on privacy governance and data protection obligations, incident awareness, and the role each employee plays in protecting personal data.

The initiative forms part of  PalmPay’s ongoing efforts to   advance compliance with the Nigeria Data Protection Act (NDPA) 2023. It also reflects the company’s continued investment in safeguarding customer information and fostering a culture where privacy remains everyone’s responsibility.

The Privacy Champions Programme establishes a network of employee representatives across business functions who will support awareness, promote best practices and help strengthen the organisation’s privacy culture. By integrating privacy considerations into day-to–day activities the initiative aims to further enhance accountability and reinforces customer trust.

Speaking on the initiative, Managing Director of PalmPay, Chika Nwosu, stated: “At PalmPay, protecting customer information is fundamental to maintaining the trust our customers place in us everyday, and remains central to our operations. Statistically, 10 out of 100 Nigerians have been affected by data breaches.

Hence, we have a greater responsibility to ensure that personal information is collected, processed, stored, and protected responsibly. This specialised training reflects our continued investment in strengthening internal awareness and ensuring our teams remain equipped to uphold the highest standards of data privacy and protection.”

As a digital financial services platform serving millions of users, PalmPay reaffirmed that privacy and data protection remain embedded in its operational culture, with continuous investments in data governance practices.

PalmPay also encourages customers to remain vigilant and adopt safe digital practices, including protecting account credentials, exercising caution when sharing personal information online, and reporting suspicious activities promptly. The company maintains that building a secure digital ecosystem requires a shared commitment from organisations, regulators, and users alike.


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Tinubu appoints Adigwe to head National Health Technology, Data Analytics Office

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President Bola Tinubu has appointed Dr Obi Adigwe as the National Coordinator of the newly established National Health Technology and Data Analytics Office (NHTDAO).

Tinubu appoints Adigwe to head National Health Technology, Data Analytics Office

President Bola Tinubu

The appointment was announced in a statement issued on Friday.

The office, which will be domiciled in the Office of the Coordinating Minister of Health and Social Welfare, is expected to serve as the national coordination platform for Nigeria’s digital health system.

According to the statement, the NHTDAO will complement the work of existing health institutions by promoting coordination and interoperability across public and private healthcare systems, rather than replacing existing agencies.

It said the office would also drive the implementation of the National Digital Health Architecture approved by the National Council on Health in November 2025.

The statement said the initiative formed part of the Federal Government’s efforts to strengthen a secure, technology-driven and data-enabled healthcare system capable of improving service delivery nationwide.

Adigwe, who currently serves as the Director-General of the National Institute for Pharmaceutical Research and Development (NIPRD), has led several initiatives in science, pharmaceutical research, technology transfer and artificial intelligence.

He also coordinated major research funding initiatives, including a ¥300 million nanotechnology grant and an €18 million European Union research grant, while supporting the establishment of Africa’s first Active Pharmaceutical Ingredient (API) training facility through support from Afreximbank.

The statement said the new office would be guided by a steering committee co-chaired by the Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, and the Chairman of the Nigerian Economic Summit Group, Mr Olaniyi Yusuf.

Other members of the committee include the Minister of State for Health, Dr Iziaq Adekunle Salako; senior officials of the Federal Ministry of Health and Social Welfare; representatives of the National Information Technology Development Agency (NITDA); and heads of key health agencies, including the National Primary Health Care Development Agency (NPHCDA) and the National Health Insurance Authority (NHIA).

The committee will also include representatives of state commissioners for health from the six geopolitical zones, as well as industry and community stakeholders.

The Federal Government expressed optimism that the office would strengthen coordination across the health sector, accelerate digital transformation and improve healthcare delivery in line with the Renewed Hope Agenda.


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