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E-Business

Privilege Abuse, Human Error, Greatest Risks to Enterprise Data- Oracle Study

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Adebayo Sanni, Country Manager, Oracle, Nigeria
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Data breaches cost organizations millions, damage their reputation, and result in lost customers and business opportunities.

A new survey of 353 Independent Oracle Users Group (IOUG) database and IT professionals examines the state of enterprise database security, where the biggest risks lie, and how organizations can improve upon their security strategies.

To better understand the state of enterprise database security, the Independent Oracle Users Group (IOUG) released a global survey titled “DBA – Security Superhero: 2014 IOUG Enterprise Data Security Survey.”

The survey, conducted by Unisphere Research and sponsored by Oracle, polled 353 IOUG database security managers, database administrators, and directors or managers of IT in companies spanning various industries including IT services, government, education, utilities, transportation, and financial services.

Although the survey results show that organizations have a high commitment to enterprise security, it spotlights how ill-prepared most organizations are to both internal and external threats.

Overall, the survey results indicate that organizations have weak preventive, detective, and administrative security controls, including limited internal controls on privileged users, lack of knowledge of where sensitive data resides, and inadequate monitoring of privileged-user activities.

While 58 percent of respondents noted that databases were the most vulnerable part of their IT environment, the majority invested in securing areas of less risk such as the network, servers, and desktops.

Key Findings Include:

More than three-fourths (81 percent) of respondents see human error as the greatest risk to enterprise data, followed by a fear of inside attacks (65 percent).

Other concerns included access privilege abuse from IT staff (54 percent) and malicious code and viruses in their systems (53 percent).

Despite these human risks, many respondents indicated they have relatively few safeguards in place against accidental or intentional staff abuse.

Alarmingly, almost 40 percent of those surveyed admitted to not knowing which databases had sensitive or regulated information and 71 percent lacked safeguards or were unsure if any were in place to combat accidental harm to databases and applications. Today’s complex data environments may be affecting respondents’ abilities to implement comprehensive data protection efforts.

Only 18 percent of respondents encrypt data at rest on all their databases. Further, only 46 percent of the respondents were redacting sensitive application data, leaving the rest open to casual users of those applications.

Despite the well understood risks with proliferation of production data to non production environment, 45 percent of respondents use copies of production data for test and development and 41 percent of them have three or more copies of production data.

“We are in the age of mega-breaches—where breaches in the millions are becoming commonplace. For most organizations, it’s no longer a matter of ‘if’ an attack will occur, but ‘when,’” said Vipin Samar, vice president of database security, Oracle. “This survey highlights that many enterprises lack proper database security controls, and under the current heightened threat environment, they simply cannot afford to wait. It’s more important than ever for organizations to have actionable data security strategies in place to properly manage sensitive customer and organizational data.”

“This survey is a powerful tool for both learning and educating, putting a fine point on the key security issues that keep superhero DBAs and their management awake at night. Exercising extreme data security diligence and data breach readiness is no longer an optional concern but rather a cost of doing business,” said John Matelski, President of the IOUG. “The survey highlights the insight and breadth the IOUG community of professionals contributes to the marketplace across sectors, professions, and geography.”


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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FG Launches Online Citizenship, Business Management Platform

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Ministry of Interior has announced the launch of a new Online Citizenship and Business Management Platform in line with the Renewed Hope Agenda of President Bola Tinubu.

FG Launches Online Citizenship, Business Management Platform

A statement signed by Dr Magdalene Ajani, permanent secretary, Ministry of Interior’s said the initiative forms a key part of its ongoing reforms aimed at promoting transparency, enhancing operational efficiency, and significantly improving service delivery to the public.

The new digital platform is designed to streamline the application and processing of citizenship and business-related services, ensuring faster turnaround times and improved user experience.

The platform allows users to apply for and manage business permits, ensuring that both local and foreign businesses operate legally in Nigeria.

It includes an Expatriate Quota System to manage work permits for foreign employees, helping companies hire skilled workers while complying with Nigeria’s immigration laws.

The Citizenship Administration and Management System provides a streamlined online process for applying, tracking, and managing Nigerian citizenship applications and related services.

Members of the public, corporate entities, and other stakeholders are expected to access the platform through the ministry’s website: https://interior.gov.ng , Direct Portal Access: https://candb.interior.gov.ng , or contact candb-support@interior.gov.ng for support and inquiries.

“The Ministry of Interior remains committed to establishing a more efficient, transparent, and secure framework for citizenship administration, while continuously enhancing service delivery through digital transformation,” the statement read in part.

 

 

 

 

 

 


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NITDA, CISCO Empower Youth with Digital Skills

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Fifty selected young unemployed Nigerians have completed a four-week intensive digital skills bootcamp under the Digital Literacy for All (DL4ALL) initiative, gaining practical training in Data Science, Artificial Intelligence (AI), and IT Essentials.

The programme, a collaborative effort between the National Information Technology Development Agency (NITDA) and Cisco, was hosted at NITDA’s South West Zonal Office in Victoria Island, Lagos.

Speaking on behalf of the Director General of NITDA, Kashifu Inuwa , the Head of the South West Zonal Office, Mrs. Chioma Okee-Agugwo, described the initiative as a vital component of Nigeria’s digital future. “This is not just a closing ceremony. It is the launchpad for new journeys—anchored in digital knowledge and powered by innovation,” she remarked.

According to the Director General, the initiative is rooted in NITDA’s Strategic Roadmap and Action Plan (SRAP 2.0) and reflects key focus areas including Digital Literacy, Emerging Technologies, and Youth Empowerment. It also aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which seeks to accelerate economic diversification through digitisation, innovation, and skills development.

Inuwa noted that the DL4ALL initiative forms part of Nigeria’s broader commitment to digital inclusion—ensuring that no one is left behind in the evolving digital economy. It also supports the ambitious goal of achieving 70% digital literacy by 2027, championed by the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani. This national vision aims to equip millions of Nigerians with the skills required to thrive in a tech-driven world.

He further emphasized the importance of empowering youth with globally relevant skills. “They are no longer just consumers of technology. They are creators, innovators, and future employers,” he said.

The NITDA boss explained that throughout the bootcamp, participants engaged in hands-on learning experiences designed to build both technical proficiency and digital leadership capabilities.

“This is only the beginning,” he stated. “Through our zonal strategy, we are bringing innovation closer to local communities. This is how we democratise access and unlock Nigeria’s full digital potential.”

Inuwa expressed appreciation to Cisco for delivering high-impact training and called on stakeholders to continue investing in partnerships, people, and platforms that drive digital inclusion.

He asserted that the newly certified participants are now equipped to contribute meaningfully to Nigeria’s digital economy—armed with the skills to build solutions, secure infrastructure, and launch tech ventures that solve real-world problems.

At the end of the bootcamp, participants demonstrated their knowledge through impressive presentations that showcased the integration of skills acquired across Data Science, AI, and IT Essentials. Many spoke passionately about how the programme had expanded their technical competence and sparked a drive to create job opportunities—not only for themselves but also for others—as entrepreneurs and digital solution providers in their communities.


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Cyberattack Could Cost it Up to $400m – Coinbase

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Coinbase forecast a hit of between $180m and $400m from a cyberattack that breached account data of a “small subset” of its customers, the crypto exchange said in a regulatory filing on Thursday.

Cyberattack Could Cost it Up to $400m - Coinbase

The company received an anonymous email on May 11, claiming to have information about certain customer accounts as well as internal documents.

While some data — including names, addresses and emails — was stolen, the hackers did not get access to login credentials or passwords, Coinbase said.

Still, it will reimburse customers who were tricked into sending funds to the attackers.

Hackers had paid multiple contractors and employees working in support roles outside the US to collect information.

The company has fired those involved, it said.

Separately, the New York Times reported that the US Securities and Exchange Commission (SEC) was investigating whether the company had misstated its user numbers.

Coinbase shares extended losses after the report and were last down 6.5%.

“This is a hold-over investigation from the prior administration about a metric we stopped reporting two-and-a-half years ago, which was fully disclosed to the public,” said Paul Grewal, Coinbase’s chief legal officer.

“While we strongly believe this investigation should not continue, we remain committed to working with the SEC to bring this matter to a close.”

The SEC declined to comment.

The latest developments come days before the company is set to join the benchmark S&P 500 index, casting a shadow over what was expected to be a landmark moment for the crypto industry.

Security remains a challenge for the crypto industry despite its growing mainstream acceptance.

In February, Bybit disclosed a hack in which about $1.5bn worth of digital tokens were stolen — widely described the biggest crypto heist ever.

“The cyberattack may push the industry to adopt stricter employee vetting and introduce some reputational risks,” said Bo Pei, an analyst at US Tiger Securities.

Funds stolen by hacking crypto platforms amounted to $2.2bn in 2024, according to a report from Chainalysis, a US-based blockchain analysis firm.

“As our nascent industry grows rapidly, it draws the eye of bad actors, who are becoming increasingly sophisticated in the scope of their attacks,” said Nick Jones, founder of crypto firm Zumo.

Coinbase has refused to pay a ransom of $20m demanded by the attackers and is working with law enforcement agencies. Instead it has established a $20m reward for information on the hackers.

The company is also opening a new support hub in the US and taking other measures to prevent such cyberattacks, it said.

 

 

 


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