Telecom
Recovery Costs for Ransomware Attacks on 2 Critical Infrastructures Quadruples to $3m in 1 Year – Sophos Survey Finds

Sophos, a global leader of innovative security solutions for defeating cyberattacks, today released a sector survey report, “The State of Ransomware in Critical Infrastructure 2024,” which revealed that the median recovery costs for two critical infrastructure sectors, Energy and Water, quadrupled to $3 million over the past year.
This is four times higher than the global cross-sector median. In addition, 49% of ransomware attacks against these two critical infrastructure sectors started with an exploited vulnerability.
Data for the State of Ransomware in Critical Infrastructure 2024 report comes from 275 respondents at energy, oil and gas, and utilities organizations, which fall under the Energy and Water sectors of CISA’s 16 defined critical infrastructure sectors.
The results for this sector survey report are part of a broader, vendor-agnostic survey of 5,000 cybersecurity/IT leaders conducted between January and February 2024 across 14 countries and 15 industry sectors.
“Criminals focus where they can cause the most pain and disruption so the public will demand quick resolutions, and they hope, ransom payments to restore services more quickly.
“This makes utilities prime targets for ransomware attacks. Because of the essential functions they provide, modern society demands they recover quickly and with minimal disruption,” said Chester Wisniewski, global Field CTO.
“Unfortunately, public utilities are not only attractive targets but vulnerable to attacks on many fronts, including the requirement for high availability and safety, as well as an engineering mindset focused on physical security.
“There’s a preponderance of older technologies configured to enable remote management without modern security controls like encryption and multifactor authentication. Like hospitals and schools these utilities are frequently operating with minimal staffing and without the IT staffing required to stay on top of patching, the latest security vulnerabilities and the monitoring required for early detection and response.”
On top of growing recovery costs, the median ransom payment for organizations in these two sectors jumped to more than $2.5 million in 2024—$500,0000 higher than the global cross-sector median.
The Energy and Water sectors also reported the second highest rate of ransomware attacks. Overall, 67% of the organizations in these sectors reported being hit by ransomware in 2024, in comparison to the global, cross-sector average of 59%.
Other findings from the report include:
· The energy and water sectors reported increasingly longer recovery times. Only 20% of organizations hit by ransomware were able to recover within a week or less in 2024, compared to 41% in 2023 and 50% in 2022. Fifty-five percent took more than a month to recover, up from 36% in 2023. In comparison, across all sectors, only 35% of companies took more than a month to recover
· These two critical infrastructure sectors reported the highest rate of backup compromise (79%) and the third highest rate of successful encryption (80%) when compared to the other industries surveyed
“This once again shows that paying ransom payments almost always works against our best interests. An increasing number (61%) paid the ransom as part of their recovery, yet the amount time it took to recover was extended.
“Not only do these high rates and amounts of ransoms encourage more attacks on the sector, but they are not achieving the claimed goal of shorter recovery times,” said Wisniewski.
“These utilities must recognize they are being targeted and take proactive action to monitor their exposure of remote access and network devices for vulnerabilities and ensure they have 24/7 monitoring and response capabilities to minimize outages and shorten recovery times.
“Incident response plans should be planned in advance, the same as for fires, floods, hurricanes and earthquakes, and be rehearsed on a regular schedule.”
Telecom
MTN Nigeria Drags 20 Banks to Court over N6Bn Debt by SleekChip

MTN Nigeria has taken legal action against more than 20 banks as it intensifies efforts to recover nearly ₦6 billion in interconnect debt from SleekChip Technologies Limited, a licensed international direct access and transit service provider.

Karl Toriola, chief executive officer, MTN Nigeria
This move comes on the back of a court judgment awarding the telecom giant the right to reclaim funds owed through garnishee proceedings.
The Federal High Court in Abuja, presided over by Justice Peter Lifu, ruled in November 2024 that SleekChip must pay MTN $1.97 million—or its naira equivalent at the Central Bank of Nigeria’s official rate at the time.
The court also granted interest on the debt at a rate 2% above the Nigerian Interbank Offer Rate, backdated to January 31, 2022, until full repayment is made.
At the heart of the dispute lies a 2019 interconnection agreement between MTN and SleekChip, which permitted the exchange of calls and messages between their networks.
MTN alleged that from January to October 2022, SleekChip accumulated significant unpaid charges.
Despite repeated demand notices and a formal acknowledgment of debt by SleekChip in May 2023, no repayment was made.
With the judgment in hand, MTN has proceeded to enforce it by seeking court orders to freeze and seize SleekChip’s funds held across Nigerian banks.
The telecom operator pegged the naira value of the judgment debt at over ₦3.28 billion based on the exchange rate of ₦1,665.84 to the dollar as of November 7, 2024, with interest claims pushing the amount beyond ₦5 billion.
Court records show that on May 16, 2025, representatives from MTN and several banks appeared before Justice Lifu.
MTN submitted that most banks had filed affidavits disclosing the status of any accounts held by SleekChip.
The court subsequently discharged over 10 banks that confirmed they had no financial ties to the debtor.
Some banks raised objections to MTN’s request to extend searches using the debtor’s BVN, arguing that the court had issued no such order. The court has scheduled the next hearing for June 26, 2025, to continue the garnishee proceedings.
This case adds to a growing list of MTN’s debt recovery efforts across Nigeria’s telecom sector. In 2023, the Nigerian Communications Commission (NCC) approved MTN’s request to disconnect several service providers over similar unpaid interconnect charges—including SleekChip and Exchange Telecommunications.
The ongoing legal enforcement signals MTN’s strategic shift toward reclaiming debts through court-backed recovery rather than relying solely on regulatory pressure.
With mounting operational costs and network expansion demands, telecom operators are becoming less tolerant of defaults, especially in interconnect fee obligations.
Telecom
Africa Launches First Continental Space Agency

Africa has launched its first continental space agency to enhance Earth observation and data sharing at a time when a more challenging global environment is restricting access to climate and weather information.
The African Space Agency was inaugurated last month under the African Union’s umbrella and is based in Cairo.
Currently in the process of establishment and recruiting key personnel, the agency will oversee coordination of existing national space programs.
Its goal is to strengthen the continent’s space infrastructure by deploying satellites, installing weather stations, and ensuring data sharing across Africa and beyond.
“Space activities across the continent have been very fragmented,” explained Meshack Kinyua, a space engineer and experienced African space policy expert who now leads capacity-building at the agency.
“The African Space Agency introduces a coordination framework and economies of scale — it places all African Union members on an equal footing regarding access to gathered data based on their needs.”
Africa is the poorest continent globally, and its people are among the most vulnerable to extreme weather events worsened by climate change, despite contributing far less to global warming than those in developed nations.
The absence of high-resolution weather and climate data hinders governments from warning citizens about approaching extreme weather, and scientists cannot accurately forecast long-term trends because their models lack detailed data.
The African Space Agency represents a move toward changing this, Kinyua said.
The agency also seeks to expand some successful projects across the continent, such as early warning systems for fishermen in West Africa and the Congo River Basin, he added.
Though long planned, the agency’s launch comes shortly after the Trump administration dismantled the US Agency for International Development (USAID), which had been a major funder of various programs in Africa.
When 80% of USAID’s projects were canceled, initiatives like SERVIR—a joint effort by USAID, NASA, and space organizations in developing countries to address climate change, food security, and natural disasters—were among those affected.
“We need to ensure that African satellites can improve measurements and fill data gaps,” Kinyua stated.
“These gaps will always exist, so we must fill some ourselves and collaborate with other agencies.”
The African agency has already partnered with the European Space Agency to train experts and exchange knowledge, including in data processing and satellite construction.
In Europe, national space agencies share the costs of launching new Earth observation satellites, which can reach up to €800 million ($897 million), said Benjamin Koetz, head of the long-term action section at the European Space Agency. Countries also share the data gathered by these satellites.
“Not every country needs to invest in and build the same satellite,” Koetz explained.
Cairo launched Africa’s first satellite in 1998, and since then, over 20 African nations have established their own space agencies.
Eighteen of these countries have launched a combined total of 63 satellites.
The African Union plans to fund the African Space Agency on a project-by-project basis.
“Securing financial resources is a challenge because there is so much to accomplish, and our resources are limited,” Kinyua explained.
“However, we must take small steps before we can start running.”
Africa’s early space leaders — including Nigeria, Egypt, and South Africa — took a considerable amount of time to establish their agencies and become operational because they had to begin from the ground up, noted Danielle Wood, an associate professor and director of the Space Enabled Research Group at the Massachusetts Institute of Technology.
“It shouldn’t take that long anymore since many African countries now have space experience, and ideally, new countries can learn from existing examples and collaborate to move faster,” she added. “While other players like the US and Europe will pursue their own interests, the African Space Agency will remain focused on Africa, so it should support every country on the continent.”
Telecom
Minister Decries High Rate of Nigerian Women Access Gap to Smartphones

Bosun Tijani, Minister of Communications, Innovation and Digital Economy, has revealed that at least 68% of Nigerian women lack access to smartphones, a barrier that limits their participation in the digital economy and access to essential online services.
Tijani revealed this during a press briefing in Abuja to mark the 2025 World Telecommunication and Information Society Day (WTISD), observed every year on May 17th.
Represented by Adeyemo Olugbenga, Director of the National Frequency Management Council Secretariat, Tijani emphasised that as Nigeria fast-tracks its digital transformation, it remains committed to inclusivity, ensuring that no one, particularly women and girls, is left behind.
The Minister reaffirmed the government’s commitment to equipping 70% of Nigerian women and girls with advanced digital skills by 2027.
He also revealed that the government is collaborating with the African Development Bank (AfDB), the World Bank, and private investors to offer grants and low-interest loans to women-led tech startups, supporting inclusive growth in the digital sector.
Represented by Adeyemo Olugbenga, Director of the National Frequency Management Council Secretariat, Tijani emphasised that the digital revolution can only be truly transformative if it is inclusive.
He stressed the importance of building a future where gender equality is not just an aspiration but a lived reality.
While acknowledging Nigeria’s progress in achieving 46.2% broadband penetration, he noted that the digital economy goes beyond infrastructure and innovation; it is ultimately about people.
He warned that when half the population continues to face barriers to access, skills, and leadership in technology, the nation is not only failing its women but also undermining its overall potential.
The Minister emphasized that achieving gender equality in the digital age cannot rest solely on the shoulders of government.
He urged the private sector to play a pivotal role by adopting gender-responsive hiring practices, investing in women-led tech hubs, and implementing workplace policies that empower women.
Highlighting the government’s commitment to inclusive digital growth, he noted that the ministry has launched several key programmes and initiatives aimed at fostering broad-based participation in the digital economy.
Among these is the National Gender Digital Inclusion Strategy (NGDIS) 2004–2077, designed to create safe online spaces for women and support their advancement in technology-driven sectors.
In terms of skills development, the minister pointed to the expansion of impactful programmes such as the 3 Million Technical Talents (MTT) initiative, the Nigeria Artificial Intelligence Research Scheme, Digital Nigeria, and efforts to strengthen local content and capacity.
Recognising the growing need for online safety, he added that the ministry is actively enhancing cybersecurity and anti-harassment frameworks to better protect women in digital spaces.
He also stressed the importance of challenging gender stereotypes by encouraging young girls to pursue Science, Technology, Engineering, and Mathematics (STEM) education from an early age.
Tijanii called on civil society organisations and the media to amplify the achievements of women in tech and hold decision-makers accountable for inclusive policy implementation.
Speaking on the theme of this year’s World Telecommunication and Information Society Day, “Gender Equality in Digital Transformation,” the minister described it as both timely and essential.
He warned that when women and girls are excluded from accessing technology, acquiring digital skills, or leading in tech sectors, it is not just their potential that is stifled—but the world’s.
The minister reaffirmed the significance of WTISD, which serves as a platform to raise global awareness about the transformative power of ICTs.
He noted that digital innovation, such as leveraging artificial intelligence to combat climate change and eradicate poverty, holds immense promise in addressing some of the world’s most urgent challenges.
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