E-Business
NITDA Can Finance Nigeria’s Annual Budget- Reps

National Information Technology Development Agency (NITDA) can finance the country’s annual budget if given the necessary environment, according to Wole Oke, chairman, House of Representatives Committee on Public Accounts.

Oke who expressed optimism during the investigative hearing into the queries issued by the office of the Auditor General of the Federation (oAuGF) against NITDA, frowned at the flagrant abuse of the extant financial regulations.
He requested for a brief on the NITDA mandate and progress made so far with the view to the proposed relevant amendment to the NITDA Establishment Act for the smooth running of the agency.
Oke said “Nigerians want to know what you have done with the tax-payers’ money. Nigerians are watching you free of charge; we are not charging you for that. So it’s good PR for you to also market what NITDA is doing.
“People hear about NITDA, NITDA they don’t even know what you stand for. Not many people are aware until a few days, I saw your DG on Channel, some of us don’t even know your mandate. But this is a window for you to showcase what you also do. For Nigerians to also appreciate what you’re doing. The law setting you up is here. And from the information I gathered is that you can actively finance Nigeria’s budget if you’re given the wherewithal.
“The information I gathered is that NITDA alone can finance Nigeria’s budget if they are given the wherewithal, they are supported, they are given the environment to operate that we don’t even need to go borrowing.
“So these are the gains we are taking away. We did not just bring you here. We are very civil here, you elected us, we don’t harass, we don’t intimidate but we work as citizens of this country, and through the medium, you are able to render an account to Nigerians.
“Where you err, we will show Nigerians. Nigerians will know. If you give a contract to any contractor and he or she fails to perform, we will expose the person, okay, so we are not here to witch-hunt anybody. So please calm down and feel free,” Hon. Oke urged.
While responding, Kashifu Inuwa Abdullahi, director general, NITDA, explained that before the advent of NITDA, ICT contributed less than 1% of the GDP, but today contributes more than 14% to the GDP, adding that in 2016 NITDA came up with strategic roadmap framework to transform the ICT sector in line with Economic Recovery and Growth Plan (ERGP).
He argued that the Agency has done so much in terms of “what people are doing with IT and making money. Like in NITDA we are not a revenue-generating organization, we just get levy from certain categories of companies so the money we are getting is small.
“What the chairman said if we can get what we need we can fund Nigeria’s budget. Let me give you an example of the Netherlands. Netherland is not as big as Kano and Jigawa States combined together, in terms of landmass and population but Netherland is using information technology for agriculture.
“What Netherland generated from agriculture export in 2019 was $106 billion while Nigeria generated only six-point something billion dollars from oil and gas.
“So what the chairman was saying is that if we can annex the powers of ICT, we don’t need to bother about any other thing because almost everything we do today is powered by ICT. So we can use ICT to boost our agriculture, our commerce and trading, almost everything.”
He noted that while other sectors of the world economy lost so much during the pandemic, those who invested in ICT were insulated, and “making money. One person, the owner of Amazon made almost $36.2 billion between the middle of March and June.”
The NITDA helmsman explained that the agency generated funds from the 1% levy from national information technology development fund (NITDeF) paid by the IT companies operating in the country and collected by Federal Inland Revenue Service (FIRS).
While responding to question on the alleged exclusion of Sokoto and Zamfara states from the 218 personnel employed in 2018, which the lawmakers argued was in breach of federal character policy, Mr. Inuwa however noted that 3 people were employed from Sokoto State in 2019.
On his part, Hon. Emmanuel Akpan requested for details of how NITDA contributes over 14% to Nigeria’s GDP during the status of an inquiry being initiated by the Committee.
“It will be important for this Committee and for Nigerians to know how much that translate to in naira and kobo that has come into the coffers of the Nigerian government vis-a-vis what you have spent that could have helped in advancing” the funding of the annual budget.
While responding to questions, Mrs. Titilayo Olusanya, NITDA deputy director Finance, explained that both appropriation and IGR for the year 2014 to 2018; audited account and management accounts as well as budget performance for the year under review were submitted for the Committee’s consideration.
She explained that the evidence for the submission of the audited accounts for 2014 to 2018 as well as evidence of remitted of internally generated revenues/operating surplus were part of the documents submitted to the Committee.
While speaking, representatives of office of the Auditor General of the Federation confirmed that the agency had submitted all relevant documents in line with extant financial regulations.
On his part, Hon. Mark Gbillah asked whether there was any value added to the agency sequel to the recruitment of the personnel.
However, while expressing his view, Hon. Oke argued that: “in our national life, sometimes a public organisation we may not relate employment generation to profitability; rather we may relate that to productivity, growth and development. And it was one of the tools that our late sage Chief Obafemi Awolowo deployed in South West.”
Meanwhile, at the investigative hearing held on Monday, Hon. Oke directed the Clerk of the Committee to issue a fresh letter to Standard Organisation of Nigeria (SON) to cause appearance over the non-remittance of audit report since 2015 to 2019.
E-Business
Kaspersky Reports 15% Growth in Malicious email Attacks in 2025

According to Kaspersky telemetry, almost every second email – 44.99% of global traffic – was spam in 2025. Spam consists not only of unsolicited emails, but can also include various email threats such as scam, phishing and malware.

In 2025, individuals and corporate users encountered over 144 million malicious and potentially unwanted email attachments, representing a 15% increase compared to the previous year figures.
In 2025, APAC had the largest share of email antivirus detections: it reached 30%, followed by Europe with 21%. Next came Latin America (16%) and the Middle East (15%), Russia and CIS (12%) and Africa (6%). As for individual countries, China had the highest rate of malicious and potentially unwanted email attachments, with the share of email antivirus detections of 14%. Russia ranked second (11%), followed by Mexico (8%), Spain (8%) and Turkey (5%).
Email antivirus detections peaked moderately in June, July and November.
Key trends in email spam and phishing
Kaspersky’s annual analysis has also identified several persistent trends in the email spam and phishing threat landscape that are expected to continue into 2026:
- Combination of various communication channels. Attackers lure email users into switching to messengers or calling fraudulent phone numbers. For instance, scam investment mailings may redirect victims to fake websites, where they are asked to provide their contact information, and then cybercriminals will follow up with a phone call.
- Usage of diverse evasion techniques in phishing and malicious emails. Threat actors frequently try to disguise phishing URLs, for example, with the help of link protection services and QR codes. These QR codes are often embedded directly in email bodies or within PDF attachments, which not only conceals phishing links but also encourages users to scan them on mobile devices, potentially exploiting weaker security measures than corporate PCs.
- Mailings exploiting diverse legitimate platforms. For example, Kaspersky experts discovered a fraudulent tactic that abuses OpenAI’s organisation creation and team invitation features to send spam emails from legitimate OpenAI addresses, potentially tricking users into clicking scam links or dialing fraudulent phone numbers. Additionally, a calendar-based phishing scheme, which originated in the late 2010s, resurfaced last year with a focus on corporate users.
- Refining tactics in business email compromise (BEC) attacks. In 2025 attackers attempted to become even more persuasive by incorporating fake forwarded emails into their correspondence. These emails lacked thread-index headers or other headers, making it difficult to verify their legitimacy within an email conversation.
“Email phishing shouldn’t be underestimated. Our report reveals that one in ten business attacks starts with phishing, with a significant proportion being Advanced Persistent Threats (APTs). In 2025, we saw an increase in the sophistication of targeted email attacks. Even the smallest details are meticulously crafted in these malicious campaigns, including the composition of sender addresses and the tailoring of content to real corporate events and processes.
“The commodification of generative AI has significantly amplified this threat, enabling attackers to craft convincing, personalised phishing messages at scale with minimal effort, automatically adapting tone, language and context to specific targets,” comments Roman Dedenok, anti-spam expert at Kaspersky.
E-Business
Cybersafe Foundation Partners Google to Strengthen Cybersecurity Among CCIs in Africa

The Cybersafe Foundation has collaborated with Google in strengthening cybersecurity resilience among Critical Community Institutions across Nigeria, Kenya, Ghana and South Africa with the launch of Resilio Africa.

Speaking at the event in Lagos, Confidence Staveley, Executive Director of the Cybersafe Foundation, noted that while many organizations recognize the risks posed by cyber threats, conversations often stall when it comes to implementation.
“Across Africa, Critical Community Institutions are facing an increase in cyberattacks often without the capacity to defend themselves. Sub-Saharan Africa is now experiencing some of the most aggressive cyber activity globally. According to a threat report by Kaspersky, the region recorded over 42 million web attacks and 95 million malware-based, on-device attacks in just the first half of 2025.
“What’s especially concerning is the nature of these attacks: spyware, password stealers, and backdoor tools dominate, with password-stealing malware increasing by more than 60%.
“In East Africa, the scale is even more stark. Kenya alone recorded 2.5 billion cyber-threat events in Q1 2025, driven largely by phishing, mobile money fraud, and misconfigured cloud services,” she stated.
According to her, the primary barrier is not a lack of willingness but limited financial capacity to fund adequate cybersecurity measures.
“The conversation drops off at the point of taking action,” she said, explaining that many institutions lack the budgets required to implement robust security systems.

She disclosed that the programme’s provision of 10,000 hours of expert cybersecurity consultation—offered at no cost to participating institutions would ordinarily represent services valued at over one million dollars. The support, funded through a grant from Google.org, will be delivered by specialists across four participating countries.
Staveley reaffirmed that the Cybersafe Foundation remains a non-profit organization focused on supporting vulnerable communities and institutions, and described Resilio Africa as a strategic intervention aimed at strengthening digital trust across the continent, ensuring that commerce and essential public services can operate securely in an increasingly digital society.
Although the programme currently covers Nigeria, Kenya, Ghana and South Africa, Staveley acknowledged that the cybersecurity challenges extend far beyond those countries, and expressed hope that demonstrated impact from the initial phase would attract additional funding to scale the initiative to more than the 200 critical community institutions currently targeted, including underserved Francophone nations.
“This work is free to the organizations we serve, but it is not free to deliver,” she noted, underscoring the need for sustainable funding.
Explaining her personal motivation, Staveley said she views Africa’s cybersecurity challenges as opportunities for impact. Despite her engagements on global platforms, she emphasized her commitment to Nigeria and the broader African continent, describing the region as both home and a priority.
She pointed to a growing mismatch between rising cyber threats and limited investment in cybersecurity infrastructure, arguing that bridging this gap is central to the Foundation’s mission.
Staveley also clarified that Resilio Africa will not collect or own user data from participating institutions. Instead, the programme will focus on strengthening internal controls, building capacity and guiding organizations toward improved data protection practices.
With Resilio Africa now underway, the Cybersafe Foundation aims to demonstrate how targeted support for critical community institutions can enhance digital security and build long-term resilience across Africa’s rapidly expanding digital economy.
E-Business
Kaspersky Brings more Transparency to Threat Detection with New Hunt Hub

Kaspersky has announced a major update to its Threat Intelligence Portal (TIP), introducing a new Hunt Hub section alongside an enhanced MITRE ATT&CK coverage map and a significantly expanded vulnerabilities database.

The update strengthens organisations’ ability to investigate threats, understand adversary behaviour, and proactively monitor the most relevant risks across their environments.
According to the Kaspersky Security Bulletin 2025 report, Kaspersky’s detection systems discovered an average of 500,000 malicious files per day in 2025, marking a 7% increase compared to the previous year. As cyberattacks become more sophisticated and frequent, security teams need more than alerts – they need clarity.
The newly launched Hunt Hub is designed to address growing market demand for greater transparency and deeper insight into how modern detection technologies work. Integrated into the Threat Landscape section of the Threat Intelligence Portal, Hunt Hub provides centralised access to Kaspersky’s threat hunting expertise and detection knowledge.
Hunt Hub includes Kaspersky Next EDR Expert hunts, also known as indicators of attack (IoA) or detection rules. All portal users can explore the catalogue of hunts and their descriptions, while Kaspersky Next EDR Expert customers gain extended access to detailed recommendations and detection logic presented in a convenient, SIGMA-like format. Each hunt is mapped to relevant MITRE ATT&CK tactics and techniques and linked to known threat actors, giving analysts clear context behind every detection.
By making detection logic visible and structured, Hunt Hub effectively removes the “black box” from threat detection. It allows security teams not only to respond to alerts, but also to understand why a detection was triggered and which threat it is designed to uncover – improving trust in security technologies and increasing the efficiency of threat investigation processes.
As part of the update, the MITRE ATT&CK coverage map within the Threat Landscape has been significantly enhanced. The portal now brings together product coverage across SIEM, EDR, NDR and Sandbox solutions, MITRE ATT&CK techniques with scoring, coverage percentages, and related Kaspersky Next EDR Expert hunts in a single, unified view. This enables organisations to assess how well their security stack covers relevant attack techniques and identify potential gaps in protection.
The Vulnerabilities section has also been expanded, with the CVE database now covering nearly 300,000 vulnerabilities. In addition, the portal provides more detailed information on vulnerabilities that have been exploited in real-world attacks, helping organisations prioritise remediation efforts based on actual threat activity.
“With the launch of Hunt Hub in the Kaspersky Threat Intelligence Portal, we are opening up our detection expertise and giving analysts clear visibility into how and why threats are detected. This transparency helps organisations move from reactive alert handling to informed threat hunting and proactive risk management,” comments Nikita Nazarov, Head of Threat Exploration at Kaspersky.
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