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Only Informed, Prepared Will Survive Cyberattacks with Less Losses- Deloitte

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Transitioning from 2016 to 2017, the journey of attaining a secure cyber ecosystem is a long but optimistic one as cyberattacks would continue to grow and only the informed and prepared would survive with minimal losses, said Deloitte Nigeria.

In its ‘2017 Nigeria Cybersecurity Outlook’, the firm listed the countermeasures cyber threats are likely to take in 2017.

Tope Aladenusi, Partner, Risk Advisory at Deloitte Nigeria, said that the year 2016 took cyberattacks to an unprecedented level; as there were reports of it being used to influence and sway votes in democratic elections.

“In Nigeria, several organizations suffered cyberattacks, some had to pay ransom for their data to be released,” Aladenusi said.

The federal government also estimated the annual cost of cybercrime in Nigeria to be about 0.08% of the country’s Gross Domestic Products (GDP), which represents about N127 billion.

He said, “Also, as predicted in our annual cyber security forecast, 2016 saw a rise in the number of sophisticated phishing attacks; these occurred on multiple Nigerian financial institutions and utility companies.

“We also noticed an increased interest in cyber security hacking competitions and also efforts by the regulatory bodies in setting up committees responsible for implementing and monitoring the cybercrime act”.

“Transitioning from 2016 to 2017, Aladenusi added, “the journey of attaining a secure cyber ecosystem is a long but optimistic one. Cyberattacks would continue to grow and only the informed and prepared would survive with minimal losses. In 2017, cyber threats and countermeasures are likely to take the following dimensions:

Rise And Fall Of Cyber Ponzi Schemes
With the recession in 2016 came several schemes that promised unbelievable financial returns on investment. These schemes generate returns for older investors by acquiring new investors or from re-investors.

Such schemes rely on a constant flow of new investments to continue. When this flow runs out, the scheme falls apart.

The end game is eventually that there will not be enough money to go around, and the schemes unravel.

A key characteristic of these schemes is that they are not regulated; if something goes wrong, no one is accountable. In 2017, there would be a continuous rise in these cyber ponzi schemes as the economic recession looms.

As these schemes evolve and begin to use cryptocurrencies such as bitcoins that are not yet regulated or where identities are not traceable, the schemes will become more fraudulent and people would lose their money.

One major reason why these schemes thrive is that it works the first time, thereby encouraging the investor to try again. Another reason is because of personal relationship referrals – ‘it is working’.

Some of these schemes are actually used as bait to advance other types of attacks. The schemes leverage social engineering techniques to obtain confidential data such as bank details of the victims.

Some of the schemes require victims to visit infected websites that can compromise the individual’s computer. As a result, systems could be attacked with malware which could affect the user or organization’s data. Cyber ponzi schemes are addictive in nature as it feeds on greed and usually does not stop until the user gets seriously hurt. If you really wish to invest, consider doing so with licensed investment organisations.

Ransomware Will Continue to Evolve
Ransomware has been around for a few years and has become one of the most feared and destructive online threats.

Ransomware could also be viewed as “cyber-kidnapping”. In this case, data is kidnapped and not people and a ransom is expected to be paid for the affected data to be made available. Several organizations in Nigeria suffered ransomware attacks in 2016 and this trend is expected to continue.

The effect of these attacks included loss of critical information and operational downtime which resulted in financial losses.

Ransomware will get better at being more stealth, evasive and destructive. We are likely to see built-in advanced anti-virus evading features and ability to rapidly spread across networks before detection.

Network administrators will continue to face such ransom scenarios and it is more likely that organisations especially fast growing SME’s will be targeted. The good news is that prevention is possible if individuals and organizations follow some basic cyber security practices.

Regulatory Interest in Crypto-Currencies
Bitcoin is an emerging cryptocurrency that has continuously gained eminence in recent time.

They are generated through a process called mining and are stored in a digital wallet, the wallets contain a public key that is used to receive bitcoins (similar to a bank account number) and a private key that is used to verify that you own the coins you are trying to spend.

A Bitcoin Exchange just like the Nigerian Stock Exchange allows buying or selling using different currencies and it can be exchanged anonymously.

Bitcoin is relatively new, hence, there are currently no local laws regulating the use of cryptocurrencies. This has proven to be a contentious issue for regulators and law enforcers.

The anonymous nature of Bitcoins which creates a secure mind-set, makes it a potential instrument for money launderers and cyber criminals.

Though the Bitcoin protocol might be secure, it does not necessarily extend to the wallets or the exchange platform. There have been reports of stolen wallets and illegal bitcoin exchanges.

The future of bitcoin is uncertain, as it is still an unregulated currency, but that may soon begin to change.

In Nigeria, the regulators have set up a committee to take a look at bitcoin and we expect a preliminary position to be communicated with a view to setting up a proper framework for regulating cryptocurrency.

Increase in Cloud Based Attacks
Cloud computing has evolved from many different technologies and more organizations are migrating their infrastructures, platforms or software to the Cloud. This has led to a prevalence in cloud email providers, data collocation centres and so on.

Just like every new technology breeds several security challenges, as these cloud services begin to converge and Cloud Service Providers (CSPs) start hosting the data for several organizations, attackers would shift their focus from individual organizations to the cloud service providers.

This puts a huge burden on organizations as there would be difficulty in monitoring an organizations perimeter as their security administrators may have limited control over issues from the cloud.

In essence, as organizations move to the cloud, their investments in security including tools and processes that cover their on-premise devices would need to be re-evaluated for the cloud while considering the value that CSPs have to offer in terms of security and the additional controls that need to be in place.

Cyber Intelligence As-A-Service
Disturbing trends such as commercialization of malicious software (malware kits) is transforming the cyber security landscape.

There has never been a time where launching a Distributed Denial of Service (DDoS) attack was as easy as it was in 2016.

A DDoS attack is an attempt to make an online service unavailable by overwhelming it with traffic from multiple sources.

The norm in security has been investing in the best available firewalls and anti-malware technology which remains a foundational element of any security architecture. With the overwhelming traffic generated by DDoS, such tools are no longer a viable option as they are more reactive in their approach as opposed to being proactive in dealing with such attacks.

The year 2017 will see the increased use of analytics and threat intelligence techniques and solutions to proactively disrupt future cyberattacks. For such solutions to be effective, a 24×7 intelligence information gathering and monitoring process will be required.

An intelligence early warning system empowered by machine learning and other advanced use of analytics will be sought-after. The parsing of various data feeds about cyber activity will be analysed and actionable intelligence information from several sources will form the basis against potential threats and impending attacks.

The adoption of the outsourced cyber intelligence service will grow in 2017 as organizations that lack the required skilled resources and seek to cut cost of setting up the infrastructure will choose to outsource such services.

Rise in IoT (Internet of Things) Compromises
According to the World Economic Forum, “Hacking the location data on a car is merely an invasion of privacy, whereas hacking the control system of a car would be a threat to a life.”

Such scenarios are likely to become more real and not tricks you would see in a movie as more devices get connected to the Internet. The technology that connects all of these physical devices is known as the Internet of Things (IoT).

IoT is currently being deployed in a widespread manner and Nigeria is not left out. The use of IoT devices is set to grow in 2017 in Nigeria as individuals and organizations begin to acquire such devices.

Devices such as Smart TVs, Apple watches, Android wears are already widespread and we expect more IoT devices especially ones for use in homes and offices.

As there is a distinct lack of experience in maintaining the environment and ensuring security checks on the IoT devices, there would likely be compromises if careful attention is not given to these devices.

The main challenge is that security is often overlooked and not considered in many product designs. IoT products are often sold with old and unpatched operating systems and software.

Furthermore, consumers fail to change the default passwords or configuration on such devices. In 2017, in order to stay safe and reduce the rate of IoT compromises, individuals have to employ security measures such as immediately updating the device firmware and changing passwords.

Organizations on the other hand need to gain a comprehensive understanding of IoT devices related to their business processes, operational support and the technology stack that is required before purchasing such devices.

Cyber Security Strategy and Awareness
In the New Year, as organizations increasingly link their operational processes to their cyber infrastructure and adopt new technologies such as cloud computing, IoT etc. effective cyber security management and awareness would be key to an organisation’s ability to protect its assets, reputation, intellectual property, staff and customers.

This trend of cyber security management and awareness will continue in 2017 as organizations aim to attain their goals and offer excellent services to customers. Many organizations have begun to see that their investment in sophisticated technical solutions does not fully translate to adequate protection from cyberattacks.

Organizations would gradually return to the basics which many do not consider important because they had always focused on deploying security tools.

This is particularly important as majority of the breaches that occurred in the last 3 years have focused on exploiting the people side of the cyber ecosystem.

This would lead the drive for increase in awareness and development of cyber security strategy, a service which was rarely included in budgets. The Central Bank of Nigeria (CBN) has also requested that financial institutions submit their cyber security framework to be reviewed for maturity and compliance.

We expect more business leaders to see the need for a Cyber Security Strategy which entails an integrated approach to security tailored to their particular business and risk profile. Such strategies will address not only the technical aspects of their defence, but also the people and organisational elements.

 

 


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NDPC Records 2,000 Cyberattacks in One Week

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Dr Vincent Olatunji, national commissioner and chief executive officer, Nigeria Data Protection Commission (NDPC), has disclosed that hackers launched more than 2,000 attacks on the commission’s service portal within one week, highlighting the growing cyber threats facing government institutions as Nigeria expands its digitalisation efforts.

NDPC Records 2,000 Cyberattacks in One Week

Olatunji disclosed this on Monday in Abuja at a Technical and Organisational Drill on Data Protection Measures for IT Administrators across Ministries, Departments and Agencies organised by the NDPC.

According to him, the attacks underlined the urgent need for government institutions to strengthen their cyber defences and build the human capacity required to protect sensitive information and digital infrastructure.

He said, “Within one week, we experienced more than 2,000 attempts on our service portal.

More than 2,000 within one week. You can imagine what that means.”

The NDPC boss explained that cyberattacks could be motivated by different objectives, ranging from attempts to embarrass government institutions to financial extortion and other malicious activities.

Olatunji noted that government organisations had increasingly become targets of cybercriminals as more public services migrate online.

He said, “A lot of government organisations are being targeted recently. But I don’t think there’s anyone with any major impact on the economy or citizens’ data. But we don’t have to wait until they have a certain effect before we take action.”

The commissioner said the Federal Government’s ongoing digital transformation agenda was increasing the need for stronger cybersecurity safeguards across MDAs.

He recalled that Nigeria’s digitalisation journey gathered momentum after the issuance of the National Information Technology Policy in 2001, which paved the way for various digital initiatives and strategic roadmaps across government institutions.

According to him, the government is intensifying efforts to achieve full electronic governance and seamless interaction between citizens, businesses, and public institutions.

“A major announcement was made last week that will get 35 ministries fully digitalised in Nigeria within the next few weeks. Efforts are already ongoing. Some are fully digitalised already, while others are being encouraged to come on board. Over 100 agencies of government are already being involved in this,” he said.

Olatunji explained that many government agencies had already deployed platforms that enable citizens to access services remotely without physically visiting government offices.

He cited the commission’s own digital services, saying applicants seeking licences from the NDPC could complete processes online, including application submission and payments.

The NDPC chief, however, warned that greater digital integration also increases exposure to cyber risks.

“The truth is that all these integrations are driven by a lot of technologies developed by private sector organisations. When you move to full integration or when you interact, there is every likelihood that bad actors will target your network,” he said.

To address the challenge, Olatunji called for the development of “cyber warriors” capable of defending government systems and protecting citizens’ data.

He explained that the training programme aligned with key pillars of the commission’s roadmap, including human capital development, technology ecosystem growth, and inter-agency collaboration.

The NDPC boss identified different stages of e-governance maturity, ranging from agencies that only provide information on websites to those offering fully transactional, integrated services.

He stressed that data protection measures should not wait until institutions achieve full digital integration. Olatunji reminded participants that government institutions are classified under the law as data controllers because they collect and process information belonging to Nigerians and non-Nigerians.

He urged MDAs to establish the technical and organisational safeguards required under the Nigeria Data Protection Act to secure their databases and digital platforms.

According to him, technology alone cannot guarantee security without skilled personnel to manage and protect systems.

The commissioner commended public servants, describing them as among the most capable professionals available to drive government policies and programmes.

Olatunji also disclosed that compliance with data privacy requirements across the public sector had improved significantly in recent years. “When we started, the level of compliance with data privacy in the public sector in Nigeria was just four per cent. But now we are doing about 20 per cent and even over,” he said.

He added that many MDAs now make budgetary provisions for data privacy and protection activities, including the appointment of data protection officers and deployment of technical safeguards.

The NDPC chief urged participants to share the knowledge acquired during the training with colleagues in their respective organisations and to develop implementation plans to strengthen compliance.

He said the commission had embarked on various induction programmes, certification initiatives, and training courses for data protection officers across MDAs.

According to him, some participants in the commission’s six-week certification programme were already sitting for examinations, while additional support was being provided through the National Privacy Academy.

Olatunji disclosed that participants at the training would receive free vouchers to access the academy’s self-paced learning platform on data privacy and protection. He also revealed plans to extend training to permanent secretaries and other senior government officials to deepen understanding of data protection obligations across the public sector.

The commissioner encouraged participants to embrace emerging opportunities in the data protection sector, noting that certified data protection officers and licensed Data Protection Compliance Organisations could continue to provide compliance services even after retirement from public service.

In her opening remarks, Dr Tolulope Pius-Fadipe, head of Research and Development at the NDPC,  said the training formed part of the commission’s strategic roadmap for human capital development and efforts to build a strong data privacy architecture across ministries, departments and agencies.

She said the programme was designed to promote responsible data management, strengthen public trust, and protect the rights of data subjects, adding that it would help agencies test and improve their ability to protect sensitive public data and maintain critical services during crises.

Pius-Fadipe urged participants to actively engage in the sessions and implement lessons learned in their respective organisations, noting that public institutions were increasingly facing cyber threats.

Also speaking, Mr Olorunisomo Isola, head of Information Technology and Cybersecurity at the NDPC,  said the workshop was organised in response to rising cyber incidents targeting public infrastructure as government institutions deepen digitalisation efforts.

He said the training would equip IT administrators with the practical skills needed to implement the technical and organisational measures required under Section 39 of the Nigeria Data Protection Act and to prevent data loss or manipulation across government systems.

According to him, participants would undergo practical sessions on governance, risk and compliance, data protection impact assessments, encryption, data classification, data loss prevention, database security, cloud security and cyber incident response.

He added that the programme would culminate in the development of actionable implementation plans to strengthen data protection governance, improve security posture, reduce cyber risks, and ensure compliance with the NDPA across government institutions.

 


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Kaspersky Reports on the Aspects of SOC Effectiveness to Consider for Blind Spot

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A new global Kaspersky Security Services report ‘Anatomy of a Cyber World’ reveals a blind spot in enterprise Security Operations Centers (SOCs): while performance is typically measured by detection and response speed, organisations rarely assess whether they’re detecting the right threats.

Large portions of collected telemetry don’t enter real-time detection pipelines, creating hidden gaps that internal assessments tend to miss – and fuelling demand for independent SOC Consulting to uncover them.

As organisations continue to invest in SOCs, measuring the real performance of these departments remains a challenge. Operational effectiveness depends not only on the volume of collected data, but on how well that data is used for detection.

According to a recent Kaspersky global survey, organisations typically evaluate SOC effectiveness through a limited set of key performance indicators: mean time to respond (MTTR) and detect (MTTD) dominate the picture, while deeper indicators like false positive rates or cost per incident remain secondary.

The real question is not just how fast the SOC responds, but whether it is detecting threats before they escalate.

The findings from the Kaspersky Security Services Global Report tell a consistent story: most SOCs are collecting far more data than they are using for detection.

The mean correlation rule coverage across assessed organisations stands at 43%, meaning that on average, active detection logic covers less than half of all ingested data sources.

The rest sits in the platform, available for retrospective investigation, threat hunting, or compliance purposes, but invisible to real-time detection.

This gap is not always unintentional. Some data is deliberately collected outside the scope of active correlation, serving investigation or regulatory requirements. But in many cases, sources are onboarded without a clear detection plan or with rule development deferred and never completed.

However, this is more typical of mature SOCs: in less mature environments, the data is often collected but never actually used.

There are several reasons for that, including sources onboarded ahead of planned rule development, compliance-driven collection without active correlation requirements, unclear internal ownership of detection logic, and resource constraints deferring engineering work indefinitely.

However, the result is the same either way: significant portions of the environment are effectively unmonitored in real time.

What makes this harder to solve is that the problem tends to grow with the organisation. SOCs managing the highest data volumes cover only around 30% of their sources with active detection logic.

As infrastructure expands, detection engineering capacity rarely scales at the same pace. The sources most consistently left without coverage are network telemetry, databases, and web servers – foundational infrastructure that should be at the core of any detection strategy.

The approach to detection logic itself varies widely. Around 50% of assessed SOCs rely primarily on vendor-provided rule sets, while roughly 40% build their logic from scratch. Vendor-reliant teams frequently face elevated false-positive rates and coverage gaps from insufficient tuning; those dependent on EDR carry blind spots where cross-source correlation is absent.

Meanwhile, a lot of organisations set their SOC’s detection scope at initial design and never revisit it, meaning blind spots accumulate silently as infrastructure evolves.

“Even with defined KPIs in place, assessing SOC effectiveness internally remains difficult due to insider view bias, which is why organisations are turning to external SOC Consulting to evaluate detection logic, analyse event flows and simulate attacks to understand what is actually being caught.

To improve, organisations should build a structured detection engineering process: a repeatable discipline for developing, validating and regularly reviewing detection logic,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.

To align internal processes and technologies with today’s evolving threat landscape, organisations can explore Kaspersky SOC Consulting, which helps build an in-house SOC from scratch, assess the maturity of an existing one, or enhance specific capabilities such as detection and response procedures.

In 2025, the most common consulting projects were SOC Technical Assessment (23.4%), SOC Framework Development (20%) and both SOC Maturity Assessment and SIEM Quality Assurance (11.7% each), reflecting a growing demand for deeper visibility into SOC performance.

To learn more about SOC detection effectiveness and practical steps to strengthen your security monitoring, read the full report.

The ‘Anatomy of a Cyber World’ is a comprehensive global report drawing on incident statistics from Kaspersky Managed Detection and Response, Kaspersky Incident Response, Kaspersky Compromise Assessment and Kaspersky SOC Consulting, shedding light on the most prevalent attacker tactics, techniques and tools, as well as the characteristics of detected incidents and their distribution across regions and industry sectors.


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AI and IoT Hold the Key to Nigeria’s Economic Future – NCC

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Nigerian Communications Commission (NCC) has identified Artificial Intelligence (AI) and the Internet of Things (IoT) as critical technologies for improving business efficiency, accelerating innovation and supporting Nigeria’s ambition to build a $1 trillion digital economy.

AI and IoT Hold the Key to Nigeria’s Economic Future - NCC

Aminu Maida, Executive Vice Chairman and Chief Executive Officer of the NCC, made this known at the 17th edition of Nigeria Communications Week and Africa’s Beacon of ICT Merit and Leadership Award held in Lagos.

Represented by Toluwalase Modele Rufai, Acting Controller of the NCC Lagos Office, Maida said AI and IoT had evolved from emerging technologies into powerful tools driving productivity, reducing operational costs and creating competitive advantages across multiple sectors.

Speaking on the theme, “Impact of AI and IoT on Business Operational Efficiency,” he described the technologies as indispensable to Nigeria’s economic transformation agenda.

“This year’s theme is not only timely but profoundly important. As Nigeria accelerates its journey toward a $1 trillion digital economy, Artificial Intelligence and the Internet of Things have moved from futuristic concepts to present-day drivers of productivity, cost optimisation and competitive advantage across every sector,” he said.

According to him, AI-powered predictive analytics is helping manufacturers anticipate equipment failures before they occur, reducing downtime and maintenance costs, while IoT-enabled sensors are improving agricultural productivity through real-time monitoring of soil conditions.

He added that connected technologies are transforming logistics and supply chain management by improving visibility, reducing delays, lowering operational costs and enhancing customer satisfaction.

“Across banking, healthcare, smart cities, manufacturing and governance, these technologies are streamlining operations, automating routine tasks and unlocking data-driven decision-making that was unimaginable just a decade ago,” he said.

Maida, however, stressed that the successful deployment of AI and IoT depends largely on the availability of resilient and high-capacity telecommunications infrastructure.

“At the heart of every AI and IoT deployment lies one critical enabler: resilient, high-capacity connectivity. Without secure, scalable broadband networks, the full promise of real-time data exchange, seamless device interoperability and intelligent automation remains unfulfilled,” he said.

The NCC boss said the commission was reviewing the Nigerian National Broadband Plan (NNBP) 2020–2025 to improve efficiency and sustainability within the telecommunications sector.

He disclosed that the commission was also engaging state governments to reduce Right-of-Way charges and administrative bottlenecks in order to accelerate fibre-optic infrastructure deployment nationwide.

According to him, the NCC has made harmonised spectrum resources available to support mobile broadband, fixed wireless access and IoT services, while the 2026–2030 Spectrum Roadmap is expected to create additional opportunities for broadband expansion and emerging technologies.

“With broadband penetration exceeding 52 per cent and growing 4G and 5G adoption, these efforts enhance efficient spectrum management, drive innovation, provide regulatory certainty and position Nigeria in line with global best practices,” he said.

Maida also highlighted the commission’s recently introduced General Authorisation Framework, which provides a regulatory sandbox for innovators to test AI, IoT, blockchain and other emerging technologies in a controlled environment.

He noted that the NCC had strengthened cybersecurity and consumer protection through initiatives such as the designation of telecommunications infrastructure as Critical National Information Infrastructure (CNII), adoption of a Zero-Trust cybersecurity framework and implementation of guidelines for secure AI and IoT deployment.

The NCC chief emphasised the need for collaboration among government agencies, regulators, operators, technology providers, academia and investors to address challenges such as inadequate power supply, skills shortages, data privacy concerns and consumer protection issues.

“The NCC remains fully committed to creating an enabling, predictable regulatory environment that attracts investment, spurs innovation and delivers inclusive growth,” he said.

Maida urged stakeholders to work collectively towards building a digitally empowered nation where AI and IoT technologies not only improve business efficiency but also transform lives, strengthen the economy and position Nigeria as a leader in Africa’s digital future.

The event brought together regulators, industry leaders, innovators and other stakeholders to discuss emerging trends, policy directions and technological innovations shaping Nigeria’s digital economy.


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