Telecom
Organizations are Never the Same After Being Hit by Ransomware- Sophos Global Survey Reveals

Sophos, a global leader in next-generation cybersecurity, has announced the findings of its global survey, “Cybersecurity: The Human Challenge”, which reveals that organizations are never the same after being hit by ransomware.
In particular, the confidence of IT managers and their approach to battling cyberattacks differ significantly depending on whether or not their organization has been attacked by ransomware.
In the report, outsourcing IT security is already the norm, with 65% doing it in some capacity: 43% use a combination of in-house and outsourcing while 22% wholly outsource their IT security. The survey revealed regional variations.
Top of the outsourcing list are China (76%), the UAE (74%), and Malaysia and Singapore (both 73%) where around three quarters of respondents already include outsourcing in their IT security delivery.
However, at the other end of the scale, in Belgium (52%), France (54%) and Nigeria (54%) just over half of respondents are currently using third party security providers.
The global trend is for outsourcing to increase over the next two years, from the current 65% to almost three quarters (72%) in 2022.
The biggest change will be in the percentage of organizations that exclusively use in-house staffing: this is set to drop from 34% to 26%. There will be increases both in the percentage that fully outsource their IT security and in those that use a combination of in-house and outsourced expertise.
Flip back to part on ransomware, the report shows that IT managers at organizations hit by ransomware are nearly three times as likely to feel “significantly behind” when it comes to understanding cyberthreats, compared to their peers in organizations that were unaffected (17% versus 6%).
More than one third (35%) of ransomware victims said that recruiting and retaining skilled IT security professionals was their single biggest challenge when it comes to cybersecurity, compared with just 19% of those who hadn’t been hit.
When it comes to security focus, the survey found that ransomware victims spend proportionally less time on threat prevention (42.6%) and more time on response (27%) compared to those who haven’t been hit (49% and 22% respectively), diverting resources towards dealing with incidents rather than stopping them in the first place.
“The difference in resource priorities could indicate that ransomware victims have more incidents to deal with overall.
“However, it could equally indicate that they are more alert to the complex, multi-stage nature of advanced attacks and therefore put greater resource into detecting and responding to the tell-tale signs that an attack is imminent,” said Chester Wisniewski, principal research scientist at Sophos.
The fact that ransomware attackers continue to evolve their tactics, techniques and procedures (TTPs) contributes to pressure on IT security teams, as evidenced by SophosLabs Uncut’s article, “Inside a New Ryuk Ransomware Attack”.
The article deconstructs a recent attack involving Ryuk ransomware. Sophos incident responders found that the Ryuk attackers used updated versions of widely available and legitimate tools to compromise a targeted network and deploy ransomware.
Unusually, the attack progressed at great speed – within three and a half hours of an employee opening a malicious phishing email attachment, the attackers were already actively conducting network reconnaissance. Within 24 hours, the attackers had access to a domain controller and were preparing to launch Ryuk.
“Our investigation of the recent Ryuk ransomware attack highlights what defenders are up against. IT security teams need to be on full alert 24 hours a day, seven days a week and have a full grasp of the latest threat intelligence on attacker tools and behaviors.
“The survey findings illustrate clearly the impact of these near-impossible demands. Among other things, those hit by ransomware were found to have severely undermined confidence in their own cyberthreat awareness.
“However, their ransomware experiences also appear to have given them a greater appreciation of the importance of skilled cybersecurity professionals, as well as a sense of urgency about introducing human-led threat hunting to better understand and identify the latest attacker behavior,” said Wisniewski.
“Whatever the reasons, it is clear that when it comes to security, an organization is never the same again after being hit by ransomware.”
The full report, “Inside a New Ryuk Ransomware Attack”, is available on SophosLabs Uncut, where Sophos researchers regularly publish their latest research and breakthrough findings, such as Maze leveraging Ragnar Locker.
Telecom
Anambra Deepens Digital Reforms, Eyes Top Ranking in Ease of Doing Business

From Angela Nwanodu
Anambra State has reaffirmed its commitment to building a tech-driven and business friendly environment.
The State Government led by His Excellency, Prof. Charles Chukwuma Soludo, CFR reiterated the commitment at the maiden State Action on Business Enabling Reforms (SABER) technical session and statewide town hall meeting on Tuesday, July 8, 2025, held at the International Conference Center, Awka.
The event formed part of the nationwide tour by the Presidential Enabling Business Environment Council (PEBEC), bringing federal reform champions face-to-face with state officials, private sector leaders, and the business community.
In his remarks, Governor Soludo who was represented by the Deputy Governor, Dr. Onyeka Ibezim, welcomed the PEBEC team and stakeholders, describing the session as timely and essential.
He stressed that Anambra’s business reforms are deliberate and data-driven, echoing Governor Charles Chukwuma Soludo CFR’s belief that “if you can’t measure it, you can’t improve it.”
Governor Soludo reaffirmed that although Anambra currently ranks 7th nationally and leads the South East on ease of doing business, the state views reforms as an ongoing, measurable process grounded in technology, planning, and accountability.
Princess Zahra Mustapha Audu, DG of PEBEC, in her goodwill remarks delivered via video, described the SABER programme, a $750 million World Bank-supported initiative, as a transformative partnership co-designed to help states implement global standards and create easier, more transparent business environments.
She stressed that while designing reforms matters, real impact comes from effectively implementing them, with states as the true engines of economic growth.
The State Commissioner for Budget and Economic Planning, Mrs. Chiamaka Nnake, in her opening remarks, emphasized that with over 98% of Anambra’s wealth held by the private sector, government reforms must be deliberate and responsive.
She noted that under Governor Soludo’s leadership, Anambra has remained intentional about ensuring businesses face fewer obstacles and enjoy a competitive edge.
During the technical session, PEBEC reform leaders Ohiemi Gabriel, Ifeanyi Icheke, and Oluwatofunmi Odunladi commended Anambra’s reform champions for their consistent efforts in reporting, as well as the state government’s resolve which earned the state 7th place nationally and first in the South East in 2021 and 2023.
They encouraged Anambra to deepen its reforms ahead of the next ranking in December 2025, which will spotlight top-performing states and most improved states, alongside tailored recommendations for investors.
The highlight of the event was the panel discussion and town hall meeting anchored by the PEBEC team, featuring members of the State Executive Council as panelists, including the MD/CEO of the Anambra State ICT Agency, Chukwuemeka Fred Agbata, CFA; Commissioners for Industry, Lands, Power and Water Resources; MD of ANSIPPA; and MD of ASBA.
During this session, panelists discussed how technology is central to Anambra’s reform agenda. They spotlighted initiatives like the ANAMGIS (Anambra Geographic Information System), which digitizes land processes; the Grievance Redress Mechanism that swiftly addresses investor concerns; the adoption of the .anambrastate.gov.ng domain to standardize official digital communications and strengthen trust in government services; and the ongoing expansion of fiber ducts to enable 5G connectivity, all reflecting the administration’s “Everything Technology, Technology Everywhere” vision.
The conversation also highlighted Solution Lens, a civic engagement platform designed to deepen citizen participation and transparency by allowing residents to track and report on government projects across the state.
Together with strategic projects like road constructions which are deliberate efforts by Governor Soludo to inter- connect Anambra State for easy moving round in doing business.
These reforms aim to enhance transparency, and position Anambra as a smarter, investor-friendly state
As Anambra prepares for the next PEBEC evaluation, government and stakeholders reiterated their resolve to keep reforms measurable, digital-led, and investor-focused
With technology and intentional governance at its heart, Anambra State is strengthening its position as a modern hub where businesses can invest, scale, and thrive.
Telecom
MTN’s Karl Toriola and Business Leaders Champion Corporate Climate Reform

In a defining step toward sustainable transformation, Nigeria has officially joined the global Climate Governance Initiative (CGI), a platform empowering corporate board members to take decisive climate action.

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The initiative’s virtual launch drew a dynamic mix of leaders—former ambassadors, government officials, business executives, and climate advocates from across Africa and beyond.
Dr. Myma Belo-Osagie, Chair of the CGI Nigeria Advisory Board, welcomed attendees with a call to reimagine corporate leadership: climate risks, she noted, should no longer be treated as external issues—they must be integrated into strategic decision-making. She pointed to green finance, regenerative agriculture, and circular business models as key areas of opportunity.
Echoing that sentiment, MTN Nigeria CEO, Dr. Karl Toriola, warned that climate challenges already influence everything from access to capital to long-term competitiveness. “Climate risk directly affects our bottom line. It’s no longer optional to care—it’s necessary,” he said.
Toriola detailed how MTN has embedded climate governance at the core of its operations. From energy-efficient innovations like solar-powered towers and motion-sensor lighting to a nationwide battery and device recycling program, MTN is actively reducing its environmental footprint. Crucially, all executive performance indicators now include sustainability goals—with incentives tied to measurable impact.
He didn’t shy away from the hard truth: genuine climate progress will require sacrifice. “You can’t make an omelet without breaking eggs,” he said, urging corporate leaders to prioritize climate resilience even when it’s inconvenient or costly.
As CGI Nigeria joins a growing global network of corporate climate advocates, the message is clear—business leadership must go beyond profit to steward environmental accountability. From the boardroom to rural infrastructure, Nigeria’s private sector has a pivotal role in shaping a more sustainable future.
Telecom
Save & Win: FCMB Promo Makes 12 Millionaires, Over 3,000 Winners

First City Monument Bank (FCMB) has rewarded 3,016 customers in Season 10 of its ongoing Millionaire Promo. So far, 12 customers have won the top prize of ₦1 million each, while 3,004 others have received different cash rewards.
The winners were selected through electronic draws held between January and June, ensuring broad participation. The promo is open to new and existing savings account holders and ends in September.
During the fifth draw held on June 17, four additional customers won the star prize of ₦1 million each, with 112 others also receiving cash prizes. The latest millionaires include Ranti Badmos from Lagos, Wilson Onoezikome in Kaduna, Esther Obafemi in Ijebu-Ode, Ogun State, and Israel Oruma in Asaba, Delta State.
Israel Oruma, a timber merchant, expressed his delight at winning, saying the prize would significantly support his business.
“This is a pleasant surprise. I have been facing financial challenges recently. The ₦1 million will go a long way in assisting me. I’m investing it in my business and will encourage all my staff, family, and friends to open an account with the Bank. Thank you, FCMB.”
Adetunji Lamidi, Divisional Head of Personal Banking at FCMB, said the Millionaire Promo reflects the bank’s broader mission to enable financial security and opportunity for everyday Nigerians.
“At a time when many are facing economic pressure, savings-driven initiatives like this shift the focus from getting by to making progress. It gives people a reason to save, rewards loyalty, and shows that banking helps create real-life impact.”
Speaking on the integrity of the selection process, Oyinkan Kusamotu, Principal Legal Officer at the Lagos State Lottery and Gaming Authority, stated: “It’s great to witness FCMB’s commitment to compliance, fairness, and transparency throughout the draw process, which builds trust with customers and stakeholders.”
To qualify for Season 10 of the FCMB Millionaire Promo, customers must increase their account balance by at least ₦10,000 and maintain it for 30 days to enter the monthly and seasonal draws. Each additional ₦10,000 saved increases the customer’s chances of winning. Dormant or inactive account holders can also participate by reactivating their accounts. Draws are held nationwide, giving everyone a fair opportunity to win.
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