E-Business
Deloitte: Nigerian Cyber Security Outlook 2015

Our 2014 cyber security outlook was an eye-opener into the Nigerian cyberspace as all the predictions made were accurate.
2015 must therefore not be underestimated as the seeming deduction is that the hackers are always one step ahead; this is a gap that must be bridged
31,536,000; the number of seconds that made up the year 2014. Around the world, each second was used effectively by hackers in planning attacks and exploiting vulnerable people, systems and processes.
Brazen attacks unlike anything we have ever witnessed before were carried out and from all indications, 2015 is likely to be another roller coaster ride.
From the reported hack on the US retail giant (Target), to the Sony pictures entertainment security breach, there is a growing trend in terms of bravado on the part of hackers.
In 2014, the National Assembly of Nigeria made a bold move in the war against cybercrime when the Senate passed the Cybercrime Bill.
This feat in addition to the cyber security strategy and policy documents introduced by the Office of the National Security Adviser (NSA) are attributes that define 2014 as the year of the awakening.
With each cyber-attack, companies lose millions, trust by consumers get eroded and a trove of confidential information are published.
In 2015, we are expecting newspaper front-page headlines to include issues around cyber security incidents.
The year will witness an increase in cyber security issues that may likely reduce towards the last quarter.
However, the reduction will only be based on a successful implementation of the Bank Verification Number (BVN) and electronic ID by the National Identity Management Committee (NIMC).
Our 2014 cyber security outlook was an eye-opener into the Nigerian cyberspace as all the predictions made were accurate.
2015 must therefore not be underestimated as the seeming deduction is that the hackers are always one step ahead; this is a gap that must be bridged.
Based on current events in both social and economic realms in Nigeria, we have reviewed below some of the cyber security trends and threats that are likely to be significant in 2015.
Phishing And Insider Threats will continue to be biggest cyber threat sources in Nigeria especially as crude oil prices continue to fall:
Phishing is a form of social engineering that attempts to acquire sensitive information such as usernames, passwords, and ATM card details (and sometimes, indirectly, money) by masquerading as a trustworthy entity in an electronic communication.
Phishing is a continual threat that keeps growing to this day. The risk grows even larger in social media such as Facebook, Twitter, Myspace etc.
An Insider threat is a malicious threat to an organization that comes from people within the organization, such as employees, former employees, contractors or business associates, who have insider information concerning the organization’s security practices, data and computer systems.
As companies take austerity measures such as downsizing and salary slashing due to the falling crude oil prices and the devaluation of the naira, there is a higher risk that employees, former employees or contractors result to cybercrime as a means to maintain their standard of living.
We are likely going to see an unprecedented rise in attacks from disgruntled employees.
The cybercrime of choice by majority of the Nigerian cyber criminals would be via social engineering.
Intelligently crafted phishing emails and phone calls to naïve customers will increase.
Socially And Politically Motivated Cyber-Attacks:
With the coming elections in 2015, there may be an increase in the cyber-attack of the websites and information technology (IT) infrastructure of political organisations and public institutions possibly as a means of expressing grievances.
Nigeria witnessed a similar occurrence during the socio-political protest movement of January 2012 in response to the fuel subsidy removal by the Federal Government.
These attacks could be in form of denial of service attacks and website defacements.
Also, there is the potential for increased numbers in local hacker groups to further their agenda by compromising or attacking Government-owned infrastructure.
As such, this is a call to all stakeholders concerned to put the necessary security measures in their cyber infrastructure.
Prosecution Of Cyber Related Crimes Is Likely To Experience A Major Boost:
With the passage of the cybercrime bill by the Senate, organisations will now have legal basis for prosecuting cybercrime once it is signed into law.
Organizations can put measures in place to track down cyber criminals.
We are likely to see more collaboration between organizations in tackling cybercrime as the Central Bank of Nigeria (CBN) drives the Nigerian e-Fraud Forum (NeFF) – where banks meet to share experiences on fraud and mitigating factors.
The sharing of cyber security intelligence in the financial sector is expected to grow in 2015 and would serve as a model for other areas of the economy.
From the just concluded annual Deloitte Chief Information Security Officer roundtable event in December 2014, there was a recurring theme of cyber security intelligence sharing as a win-win way to tackle cybercrime and be steps ahead of the hacker.
This will also boost efforts in tracking and prosecuting cyber criminals.
Outsourcing Of Information Security Function:
With the shortage of security specialist skills in many companies, the ever-changing threat landscape and the need for 24/7 monitoring and response on certain technological platform especially in Financial Institutions and telecom companies, organizations will need to continually invest more in implementing additional security infrastructure, security training for their personnel and active recruitment for currently skilled professionals.
And with prudency in budgeting for organizations, more companies will consider outsourcing their information security function as a more viable option.
Increased Compliance Costs In Non-Financial Sectors:
In 2015, we are likely to see new sets of compliance regulations for industries with connection to the financial sector.
Though the Central Bank of Nigeria (CBN) has regulated the financial services industry with a variety of compliance rules in 2014, we are likely to see talks or nascent development stages of information security compliance standards for other areas of the economy.
There will be an increase in the cost of compliance as regulators may require organizations to comply with new regulations, with repercussions for defaulting.
Also with the adoption of the COBIT5 framework by Nigeria, other sectors will soon need to have security policies that align with leading frameworks and standards.
Senior Level Executives Will Be Held More Accountable And Possibly Fired For Security Breaches:
We are likely to see executive dismissals as a direct result of security breaches.
Senior level executives will be held more accountable and possibly fired for security breaches if adequate measures are not in place.
More so, if the brand of an organization suffers to recover in time as a result of a security breach, Chief Information Security Officers and Chief Information Officers will come under serious ‘fire’ from the board and top executives as they struggle to cope with incessant attacks on their networks.
According to a report by Gartner, “through 2016, 75% of CISO’s who experience publicly disclosed security breaches and lack documented, tested response plans will be fired.”
The unending battle in cyberspace calls for a more proactive, predictive and robust system that can match tools and techniques used by cyber criminals.
Organizations need to ensure they increase vigilance of their assets, learn from previous mistakes and deploy appropriate countermeasures in order to survive in 2015.
I wish you a cyber-secure New Year.
Tope is the Head, Cyber Risk Services at Deloitte Nigeria. He currently leads the largest team of information security consultants in Nigeria. Tope has significant security consulting, project management and auditing experience and has served several organizations in Nigeria, Togo, Ghana, South Africa, Cameroon and UK. He has experience performing IT advisory and assurance services to 85% of the commercial banks in Nigeria and over 30% of the companies quoted on The Nigerian Stock Exchange.
E-Business
Why Even the Most Experienced can Fall Victim of AI Phishing Attacks

The evolution of AI is not only affecting various industries, but it has also transformed cybercriminals’ tactics. One alarming trend is the use of AI to enhance phishing scams, refining them, targeting specific individuals, and making these attacks almost impossible to recognise.
Kaspersky reviews how AI is changing phishing techniques and why even the most cyber-aware employees may fall for these scams.
According to a recent Kaspersky study, the number of cyberattacks experienced by organisations in the last 12-months is reported to have increased by nearly half (48%) in the Middle East, Turkiye and Africa (META) region.
The most ubiquitous threat came from phishing attacks, with 51% of those questioned in the META region reporting this type of incident. With AI becoming a more prevalent enabler for cybercriminals, over half of the respondents in META (53%) anticipate significant growth in the number of phishing attacks. In this text, Kaspersky examine how AI is used in phishing and why experience alone is sometimes not enough to avoid becoming a victim.
Personalisation through AI
Previously, phishing attacks relied on a generic mass message sent to thousands, hoping some of the recipients would fall for the bait. AI has changed this into scripting highly personalised phishing emails in large numbers. Using publicly available information like that on social media, job boards, and companies’ websites, these AI-powered tools can generate emails tailored to an individual’s role, interests, and communication style.
For example, a CFO might receive a fraudulent email that mirrors the tone and formatting of their CEO’s messages, including accurate references to recent company events. This level of customisation makes it exceptionally challenging for employees to distinguish between legitimate and malicious communications.
Deepfake technology
AI has also introduced deepfakes into the phishing arsenal. These are increasingly being leveraged by cybercriminals to create fake but highly accurate audio and video messages, crafted to reflect the voice and appearance of the executives they seek to impersonate.
For example, in one reported case, attackers used a deepfake to impersonate multiple members of staff during a video conference, convincing the employee to transfer approximately $25.6 million. As deepfake technology continues to advance, it is expected that such attacks will become more frequent and harder to detect.
Bypassing traditional defenses
Cybercriminals can manipulate the script of traditional e-mail filtering systems with the use of AI. By analysing and mimicking legitimate email patterns, AI-generated phishing emails can bypass security software detection. Machine learning algorithms can test and refine phishing campaigns in real time, enhancing their success rates and making them increasingly sophisticated.
Why experience is not enough
Even experienced employees are falling victim to these advanced phishing attacks. The level of realism and personalisation that AI can achieve may override the skepticism that keeps experienced professionals cautious. Moreover, AI-generated attacks often exploit human psychology, such as urgency, fear, or authority, pressuring employees into acting without double-checking the authenticity of the request.
Combatting AI-hyped phishing
To defend against AI-driven phishing attacks, organisations must adopt a proactive and multi-layered approach that emphasises comprehensive cybersecurity. Regular, up-to-date AI-focused cybersecurity awareness training is critical for employees, helping them identify the subtle signs of phishing and other malicious tactics.
Kaspersky Automated Security Awareness Platform can help with such training. Alongside this, businesses should implement robust security tools, such as Kaspersky Next and Kaspersky Security for Mail Server, capable of detecting anomalies in emails, such as unusual writing patterns or suspicious metadata.
A zero-trust security model also plays a vital role in minimising the potential damage of a successful attack. By restricting access to sensitive data and systems, this approach ensures that even if attackers breach one layer of security, they cannot compromise the entire network. Together, these measures create a comprehensive defense strategy, combining advanced technology with vigilant human oversight.
E-Business
10 Percent of Nigerians Affected by Data Breaches since 2004

At least 10 out of every 100 Nigerians have fallen victim to data breaches since 2004, according to a new report by global cybersecurity firm Surfshark, raising serious concerns about the country’s long-standing vulnerability to cyber threats.
Surfshark’s research is based on data gathered from 29,000 publicly available databases.
Each unique breached email address is treated as a separate user account, and breaches often include additional personal data such as passwords, phone numbers, IP addresses, and postal codes.
The data was anonymised before analysis, and countries with populations under one million were excluded from the study.
Findings of the report revealed that a staggering 23.2 million Nigerian user accounts have been compromised in the past two decades, an alarming figure in a country with an estimated population of over 230 million.
This includes 7.3 million unique email addresses and 13 million passwords leaked into the public domain.
“Cyberattacks remain a persistent and growing threat globally, and Nigeria is no exception,” Surfshark stated in its analysis.
Despite a significant 85 per cent drop in new data breaches in the first quarter of 2025, falling from the previous quarter’s numbers—Nigeria still recorded over 119,000 breached accounts during the period. This places the country 34th worldwide in total breach volume.
Even with the recent decline, the scale and depth of past breaches remain troubling.
According to the report, 56 percent of Nigerian users affected by breaches are at heightened risk of identity theft, extortion, and unauthorised access to their online accounts.
“In Q1 2025 alone, an estimated one Nigerian account was breached every minute,” Surfshark noted.
The global picture also shows a dramatic shift: the number of leaked accounts dropped 93 percent year-on-year—from nearly 974 million in Q1 2024 to just 68.3 million in Q1 2025.
Countries with the highest number of breaches include the United States (16.9 million), Russia (4.4 million), and India (4.2 million).
However, when adjusted for population, smaller nations like South Sudan, Spain, and Slovenia reported the highest breach density, with South Sudan recording 61 breached accounts per 1,000 residents.
Luís Costa, Surfshark’s research lead, warned that the downturn in breach numbers should not lead to a false sense of security.
“Cyberthreats are constantly evolving, and attackers are adapting their tactics. Strong security practices, frequent password updates, and enabling two-factor authentication remain essential,” Costa stated.
The report underscores the urgent need for improved cybersecurity infrastructure and public awareness in Nigeria, as millions remain exposed to potential exploitation due to past breaches.
E-Business
NIN: FG Increases DoB Update Fee by 75Percent to N28,574

Nigerians seeking to correct their date of birth on the National Identification Number (NIN) database will now pay N28,574, following a major upward review of service charges by the National Identity Management Commission (NIMC).

Bisoye Coker Odusote, CEO, NIMC
The new fee represents a 75 per cent increase from the previous charge of N16,340, making it the most expensive data modification service under the Commission’s revised price regime.
The change is part of a broader review of NIMC’s service fees, which the agency says is necessary to reflect current economic realities, including a national inflation rate of 32.70 percent, rising operational costs, and the need for self-sustenance.
Under the new structure, corrections to other personal details such as names, addresses, and gender now cost N2,000 per modification — up from N1,522, a 31 percent increase.
Re-issuance of the NIN slip, previously pegged at N500, will now attract a fee of N600.
Meanwhile, premium services offered at select enrollment lounges and visa centers will cost N20,000 for NIN enrollment, and N3,500 for re-issuance of slips.
For Nigerians in African countries, NIN enrollment now costs $50 for adults and $30 for children.
Data modifications cost $55 for date of birth changes, and $10 for other fields.
Outside Africa, name corrections are charged at $60, with other data fields remaining at $10 per change.
In an executive summary accompanying the new pricing list, NIMC stated that the adjustments followed consultations across its departments and benchmarking against charges by other government agencies like the Nigeria Immigration Service and the Federal Road Safety Corps.
“For over a decade, our service charges remained stagnant despite expanding our infrastructure and service offerings. This new price regime ensures we can maintain our systems, support national revenue goals, and align with global identity management standards,” the Commission said.
NIMC also cited its role in broader policy objectives such as tax unification, social interventions, and digital identity expansion.
While the Commission insists the fee hike is necessary, many Nigerians have expressed concern about the affordability of the new charges, particularly the high cost of correcting date of birth — an error that often arises from initial registration challenges in rural or crowded centers.
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