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Many Organisations Aren’t Positioned for Success in Tackling Cyber Demands – Report

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The fourth industrial revolution is driving change and digitalisation at an exciting pace. New markets are being created and with every innovation the world becomes more and more digitally connected.

Cyber is growing and moving in multiple dimensions across multiple disciplines—beyond an organisation’s perimeter and IT environments, permeating the products it creates, the factories where it makes them, the spaces where its employees conceive them, and where its customers use them. Cyber is at the centre of digital transformation.

According to Deloitte’s 2019 Future of Cyber survey, there are notable gaps in organisations’ abilities to meet cybersecurity demands for the future. Findings indicate that many cyber organisations are challenged by their ability to prioritise cyber risk across the enterprise (16 percent), followed closely behind by lack of management alignment on priorities and adequate funding, each at 15 percent.

“Cyber leaders today are focused on digital transformation as a catalyst for change for both the greater enterprise and their cyber agendas. The good news is the survey results show that organisations are no longer taking a wait-and-see philosophy to preparing for and responding to cyber incidents”, says Deloitte Africa Risk Advisory Cyber leader Eric Mc Gee, “There is a whole new way of thinking that is starting to occur with how organisations are going to achieve their business outcomes, and that is with a cyber everywhere mindset.”

Findings from the 500 C-suite cybersecurity executives surveyed also suggested that there is still much work to do in aligning cyber initiatives to executive management’s digital transformation priorities.

There is a real gap that must be bridged, with finite budgets and resources as well as a lack of prioritisation by executive management. The overall consensus was that many organisations aren’t fully equipped to efficiently and effectively tackle today’s cyber demands.

Findings of the Future of Cyber survey include:

–  43 percent of surveyed CISOs indicated they report directly to the CEO. This is consistent across the total survey population where 32 percent of respondents indicated the CISO reported to the CEO, with only 19 percent indicating that the role reported to the CIO.

In Deloitte’s experience facilitating hundreds of CISO transformation labs over the past five years and through informal collection of data, nearly 80 percent of CISOs report to a CIO or CSO. This indication that CISOs are, in fact, directly reporting to a CEO is quite encouraging but counter to Deloitte’s experience.

–    Half of organisations (49 percent) have cybersecurity on their board agenda at least quarterly. On the other hand, half of boards are not discussing cyber as often as they should. More concerning is that only 4 percent of respondents say cybersecurity is on the agenda once a month.

–   While organisations are prioritising digital transformation, only 14 percent of cyber budgets are allocated to provide for cybersecurity in transformation efforts.

–  Less than 20 percent of organisations have security liaisons embedded within business units to foster greater collaboration, innovation, and security.

–  Organisations are turning to third parties to manage certain functions of their cyber operations. According to 65 percent of the CISOs surveyed, 21-30 percent of total cyber operations are outsourced, with nearly half (48 percent) of CISOs selecting insider threat detection as a top function that they turn to third parties to manage.

–  There’s a disconnect between the majority (85 percent) of the survey respondents who indicate that they are using Agile/DevOps in application development and then ranking DevSecOps lowest (11 percent) on the cyber defence priorities and investments areas, which may explain why 90 percent of organisations surveyed experienced disclosures of sensitive production data within the past year.

Data integrity (35 percent) was the top-ranked cybersecurity threat respondents were most concerned about followed by unintended actions of well-meaning employees (32 percent) resulting in a negative event and then followed by technical vulnerabilities (31 percent).

“The aim of this survey report is to put the numbers into context and to expand the dialogue and acceptance of cyber everywhere so that organisations are not limited by it but empowered to embrace the opportunities it will create,” says Mc Gee.

As organisations embrace digital transformation and shift to the cloud increasing the complexity of technology infrastructure and outsourcing workloads to third parties, they are also expanding their cyber risk.

Cyber will become more prolific across systems, platforms, and people — employees, customers, and partners. Deloitte notes that enterprise leadership will have to correlate all of that to stay ahead of the adversary and protect the organisation’s most valuable assets.

Methodology

The Deloitte 2019 Future of Cyber Survey, in conjunction with Wakefield Research, polled 500 C-level executives who oversee cybersecurity at companies with at least $500 million in annual revenue including 100 CISOs, 100 CSOs, 100 CTOs, 100 CIOs, and 100 CROs between January 9, 2019, and January 25, 2019, using an online survey.


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FG Unveils AI Public Services Platform

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Federal government has launched GovGuideNigeria, an artificial intelligence (AI)-powered digital platform designed to streamline access to public service information through WhatsApp and the web.

The platform consolidates information from more than 35 federal ministries and over 60 government agencies, marking a significant step in Nigeria’s drive to expand AI-enabled public infrastructure and digital government services.

According to Bosun Tijani, Nigeria’s minister of communications, innovation and digital economy, the initiative aims to simplify interactions with government services, particularly for underserved communities that often face challenges navigating complex public-sector systems.

Developed in collaboration with the National Centre for Artificial Intelligence and Robotics, Meta, and Publica AI, GovGuideNigeria uses conversational AI to provide real-time responses via WhatsApp and a web interface in English, Hausa, Igbo and Yoruba.

Sade Dada, head of public policy at Meta, said the multilingual rollout highlights the growing use of natural language processing within African public institutions to improve digital inclusion and broaden access to services.

Ignatius Willie, chief executive of Publica AI, said the platform demonstrates how Africa’s next generation of digital public infrastructure can be developed locally using African languages.

GovGuideNigeria is intended to address longstanding challenges in Nigeria’s public information system, where citizens often struggle to access reliable guidance because of fragmented government websites, poor communication channels and the expense of travelling to physical offices.

Through AI-driven automation, users can obtain information on immigration procedures, documentation requirements, public programmes and agency-specific services through chat-based interactions.

The launch also reflects Nigeria’s broader ambition to integrate AI into digital governance, while strengthening partnerships between government agencies, global technology companies and local AI startups to modernise public service delivery.


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Elon Musk to Become First World’s Trillionaire with SpaceX Historic IPO

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Elon Musk is poised to become the world’s first trillionaire after  SpaceX, his company, confirmed plans to go public.

Elon Musk to Become First World’s Trillionaire with SpaceX Historic IPO

Elon Musk

Because Musk owns the majority of the shares, it could push his net worth over the trillion dollar mark.

The entrepreneur is known for his leadership of Tesla, SpaceX, X, and xAI.

Musk has been the wealthiest person in the world since 2025; as of May 2026, Forbes estimates his net worth to be $788 billion.

SpaceX has filed for a blockbuster public listing in the United States, paving the way for what could become the largest stock market debut in Wall Street history.

The company, formally known as Space Exploration Technologies, announced plans to begin trading under the ticker symbol “SPCX” as early as next month.

The listing values SpaceX at about $1.25 trillion, with Musk’s majority ownership potentially worth more than $600 billion alone.

Combined with his existing holdings in companies including Tesla, the IPO could push Musk’s personal wealth above the $1 trillion mark.

The long-awaited filing also offered investors a rare look into SpaceX’s finances.

The company reported $18.6 billion in revenue last year but recorded a net loss of $4.9 billion. In the first quarter of this year, SpaceX generated $4.7 billion in sales while posting a $4.3 billion net loss.

Financial disclosures showed the company holds $102 billion in assets, including rockets, launch infrastructure and satellite systems, while carrying debts totalling $60.5 billion.

Despite the losses, analysts suggested investors were unlikely to be deterred given SpaceX’s dominance in commercial space launches and satellite internet services.

Ruth Foxe-Blader, managing partner at Citrine Venture Partners, described the planned flotation as “extremely exciting.”

“SpaceX is just an absolutely sprawling, enormous project with so many different selling points, and so many points that really point to the future,” she said.

SpaceX operates the Starlink satellite internet network and also owns Musk’s artificial intelligence company, xAI.

The IPO filing revealed that xAI recently reached a major commercial agreement with rival AI company Anthropic, maker of the Claude chatbot.

Under the arrangement, Anthropic will reportedly pay $15 billion annually to access data centre infrastructure linked to xAI operations in the American South.

The filing also disclosed that SpaceX expects to incur more than half a billion dollars in legal costs from multiple ongoing lawsuits and regulatory disputes.

Among the cases listed were claims alleging that xAI’s chatbot Grok had been used to create sexualised deepfakes of women and girls, alongside patent infringement disputes, music copyright claims, data breach allegations and investigations into compliance with European Union content moderation rules.

Musk has previously said he plans to dissolve xAI as a standalone company and pursue his AI ambitions directly under SpaceX.

The filing came shortly after Musk lost a high-profile legal battle against OpenAI and its chief executive Sam Altman.

Musk had accused OpenAI of abandoning its non-profit mission after shifting towards a commercial model, but a jury dismissed the lawsuit, ruling that he had waited too long to bring the claims.


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Moniepoint Boosts UK Payments Security

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African financial services platform Moniepoint has partnered with open banking software-as-a-service provider tell.money to deploy a transaction security system in the UK market.

The companies said the partnership will allow Moniepoint to implement Confirmation of Payee, an account name-checking service designed to verify recipient details before payments are processed.

The integration will be rolled out through Monieworld, Moniepoint’s UK remittance subsidiary, as part of the company’s broader European expansion strategy.

Tell.money will provide the underlying verification technology, which the companies said is intended to reduce misdirected payments and help protect users against cross-border fraud.

Ravi Jakhodia, CEO of Monieworld, said: “Our goal with Monieworld is to build financial services for Africans in the diaspora.”

He added that tell.money was selected because it manages compliance and accreditation requirements, allowing the fintech company to focus on customer service.

Moniepoint is entering a competitive UK-to-Africa remittance market that includes established providers such as Wise, WorldRemit and Remitly, as well as African fintech firms including Flutterwave’s Send App.

According to data from the World Bank’s KNOMAD programme, remittance flows to low- and middle-income countries are estimated at about $620 billion annually, with digital -first platforms capturing increasing market share through open banking integrations and automated compliance systems.

The rollout reflects a broader trend of African fintech firms expanding into developed markets by adopting local regulatory and open banking standards.

Industry analysts expect diaspora-focused platforms to evolve beyond money transfers into services such as multi-currency banking, credit and investment products.


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