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Ventures Platform, Lagos State Government Partner in Fight Against Covid-19

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Ventures Platform, the Africa-wide network that supports entrepreneurs and innovators to succeed, today announced a partnership with the Lagos State Government through its agency, The Lagos State Science Research and Innovation Council (LASRIC), in a bid to find tech-enabled solutions to address the current Coronavirus Covid-19 pandemic.

Ventures Platform and LASRIC will provide funding and rapid operational assistance to the selected teams and startups alongside technology and business industry experts, including LoftyInc, ACIOE, Wennovation, Flutterwave, AGS Tribe, SilverChip Consulting, Bluechip Technologies, IROKOtv, Lakunle Runsewe, Manasseh Egedegbe, and also supported by Facebook.

The Ventures Platform team continues to search for hackers, developers, enthusiasts or founders to build solutions for the pandemic and  experienced professionals in technology, public health and pandemic research, healthcare investment, public sector engagement, digital experience management, virtual care, entrepreneurship development, and support.

Ventures Platform opened applications for their #COVID19InnovationChallenge to find tech-focussed ideas around heat mapping, preventative or information bots, solutions to assist with lifestyle adjustments, COVID-19 reporting and more.

The mission for the cross-community collaboration is to rapidly build and scale solutions that will have a significant positive impact on the current pandemic, not only in Nigeria but across the continent.

Six successful applicants will be selected by Ventures Platform and LASRIC to participate in the #COVID19InnovationChallenge and will receive a $2,000 equity-free grant, opportunity for further funding, as well as access to virtual workspace and mentorship from some of Africa’s top, healthcare, business, and technology leaders, including; Rebecca Enonchong, Alexis Roman, O.O Nwoye, Seun Onigbinde, Titi Akinsanmi, Dr. Ola Brown,  Dr. Ifeanyi Nsofor, Dr. Ebi Ofrey and Dr. Femi Kuti.

On launching the #COVID19InnovationChallenge, Kola Aina, Ventures Platform founder, says, “Due to the rapid spread of Coronavirus, we really do not have a moment to lose, which is why we are grateful to have assembled such a talented and influential group of program partners and mentors, as we look to move on this very quickly. Our partners, like us, understand the need for action today.

“We know the talent is out there, now our job is to provide an enabling environment as well as access to mentors and funding so that our chosen companies and innovators can focus on building the best solutions for this big challenge in support of the NCDC and other actors.

“We are especially pleased to welcome on board LASRIC as a partner; challenges like the one we are currently faced with will only be solved through a proactive and dynamic collaboration between the private and public sectors.

“When LASRIC approached us, to partner on our #COVID19InnovationChallenge, we were delighted to accept. Their ability to mobilize support at such short notice, speaks highly of their commitment to protecting the people of Lagos State, Nigeria and the rest of Africa and we cannot thank them enough”.

African nations have, so far, not recorded the same volume of COVID-19 infections as other countries.

However, Governments across the continent are taking more preventive measures, as they start planning for the pandemic to take more hold within their countries. The Ventures Platform  #COVID19InnovationChallenge is part of the wider global push to apply technology and innovation to curb the spread and prevent future outbreaks.

Olatunbosun Alake of LASRIC adds, “The Lagos State Science Research and Innovation Council is partnering with Ventures Platform as we look to solve issues around the current COVID-19 pandemic. It is important that the State tackles issues around the pandemic in areas such as tracking, managing and solving related problems even for various health issues at large.

We believe that this partnership and the Venture Platforms’ stellar record in delivering such projects, the breadth of their technology and business networks, will help us source a number of products and services that will help vast swathes of our population stay healthy and protected. We also believe that what works here in Lagos will help the rest of Africa”.

Aina concludes, “The response we have received to-date has been astonishing. Such as the level of interest been, we have even extended the deadline to close of play on Monday 23 March, in order to review as many strong applications as possible.

The entire Ventures Platform team is ready to select the top six applicants, and get to work with them straight away so that together, we can get ahead of the curve and build products and services that benefit millions of people not only in Nigeria but across the whole of Africa too”.


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E-Business

Nigeria Targeted with 4,622 Cyber-attacks Per Week in December 2025

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In December 2025, organisations globally faced sustained cyber pressure, as the average number of cyber-attacks per organisation per week reached 2 027, a 1% increase from the previous month and a 9% increase from December 2024.

This is according to December 2025 Global Cyber Attack Statistics by Check Point Research, the threat intelligence arm of Check Point Software Technologies.

According to the statistics, Latin America was the hardest hit, with companies experiencing an average of 3 065 cyber-attacks per week, a 26% year-over-year increase.

In contrast, Africa saw a decline in attacks, with Nigeria (4 622 attacks per week) and Angola (4 002 attacks per week) being the most targeted countries on the continent.

The report’s findings highlight the evolving cyber threat landscape, with ransomware and GenAI-driven data risks posing significant challenges to companies worldwide.

Ransomware attacks jumped 60% year over year, with 945 publicly reported incidents in December. Qilin was the most active ransomware operator, responsible for 18% of publicly disclosed attacks.

“Ransomware continues to scale through industrialised operations, while unmanaged GenAI usage is creating widespread data exposure at enterprise level,” said Omer Dembinsky, data research manager at Check Point Research.

The report noted the education sector was the most targeted industry globally, with 4 349 cyber attacks per week; followed by government (2 666 attacks per week); and associations and non-profits (2 509 attacks per week).

The widespread adoption of GenAI tools has introduced new cyber security risks, with one in 27 GenAI prompts posing a high risk of sensitive data leakage.

Experts warn that companies must prioritise prevention-first security, real-time AI threat intelligence and strong governance over AI tools to mitigate these risks.

Hendrik de Bruin, head of security consulting at Check Point Software, added: “Strengthening ransomware resilience, deploying AI-powered prevention and enforcing clear GenAI governance will be critical to reducing cyber risk in the year ahead.”


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Half of Global Companies Build SOCs to Enhance Cybersecurity, with a Focus on Human Expertise

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Among the primary reasons for establishing a Security Operations Center (SOC) are strengthening cybersecurity posture, enabling faster detection and response and gaining a competitive edge.

Interestingly, despite the increasing demand for automated cybersecurity solutions, businesses rely on skilled security professionals to make key decisions, as human expertise remains essential for effective security management.

A Security Operations Center (SOC) is a dedicated organisational unit responsible for continuous monitoring and safeguarding of a company’s IT infrastructure. Its core mission is to proactively detect, analyse and respond to cybersecurity threats.

To identify the main drivers, strategic priorities, and potential challenges in SOC planning and implementation, Kaspersky has conducted a comprehensive global study involving senior IT security specialists, managers and directors from companies with 500 or more employees.

All participants operate without a SOC but have plans to establish one in the near future. The study spans 16 countries across APAC, META, LATAM, Europe, and Russia, providing valuable insights into the emerging trends and best practices in SOC development worldwide.

The findings of the research reveal that 50% of companies intend to establish SOCs to strengthen their cybersecurity posture, and 45% are motivated by the need to address increasingly sophisticated and dangerous threats.

Other drivers include budget optimisation, the necessity for faster detection and response, and the expansion of software, endpoints and user devices – factors that demand more comprehensive and layered security measures.

These are cited by 41% of organisations. Additionally, 40% seek better protection of confidential information, 39% aim to meet regulatory requirements and one-third (33%) expect SOC capabilities to provide a competitive edge. Larger enterprises tend to cite each of these reasons more often, reflecting the broader operational and regulatory pressures they experience.

Continuous monitoring becomes the leading SOC requirement

Among the key functions organisations plan to delegate, 24/7 security monitoring leads at 54%. This around-the-clock vigilance enables early detection of anomalies, prevents escalation and sustains cyber resilience in real-time. This demand highlights a strategic requirement for proactive risk management, as organisations aim to defend against persistent threats that can strike at any moment.

Companies intending to fully outsource SOC operations show a stronger interest in applying “lessons learned” methodologies, whereas those developing internal SOCs focus more on access management to maintain tighter control.

Human expertise drives SOC technology choices

While SOCs use advanced technology, the choices made by organisations show that human analysts are very important. Among the solutions that organisations plan to include in SOC are – Threat Intelligence Platforms (48%), Endpoint Detection and Response (42%) and Security Information and Event Management systems (40%) – sophisticated solutions that automate data collection and reduce operational load, however, they depend heavily on skilled security professionals who provide critical context, interpret complex findings and make final decisions when guiding appropriate responses.

Other solutions chosen include Extended Detection and Response (38%), Network Detection and Response (37%) and Managed Detection and Response (33%). Large enterprises tend to adopt more technologies (5.5 per SOC on average), while smaller ones integrate fewer (3.8).

“To successfully build a SOC, companies must prioritise not only the right mix of technology but also the careful planning of processes, clear goal-setting and effective resource distribution.

“Well-defined workflows and continuous improvement are essential to ensure that human analysts can focus on critical tasks, making the SOC a proactive and adaptable component of their cybersecurity strategy,” comments Roman Nazarov, Head of SOC Consulting at Kaspersky.

 


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Nigerian Terra Industries Secures $11.8m for Expansion

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Terra Industries, a Nigerian defence technology startup, has raised $11.75 million to expand its development of defensive systems that protect critical facilities across Africa.

The fundraising round was led by Silicon Valley venture firm 8VC, which was founded by Palantir co-founder Joe Lonsdale.

Other investors in the round include Valour Equity Partners, Lux Capital, SV Angel, and Nova Global, as well as African-focused funds Tofino Capital, Kaleo Ventures, and DFS Lab.

Terra Industries, founded in Abuja by Nathan Nwachuku and Maxwell Maduka, provides multi-domain security solutions for both air and land. Its solutions are intended to detect and respond to threats including terrorism, sabotage, and armed attacks on infrastructure.

The company’s product portfolio includes surveillance drones, ground-based robotic systems, and fixed monitoring towers deployed around sensitive locations.

Co-founder and CEO Nathan Nwachuku said the company has now fully embraced its identity as a defence-focused startup, citing the growing urgency of security challenges across Africa.

He said safeguarding critical infrastructure from terrorist threats has become unavoidable.

Nwachuku argues that protecting Africa’s infrastructure requires a different approach, one that combines local manufacturing, end-to-end system control, and software capable of independently identifying and responding to threats over large areas.

The company aims to position itself as a defence prime, similar to the role played by firms such as Anduril Industries and Palantir in the United States.

Nwachuku also disclosed that the company had earlier raised $800,000 in pre-seed funding.

With the new funding, Terra plans to increase manufacturing capacity within Africa, establish additional defence production facilities, and expand its artificial intelligence and software teams.

While software offices are planned for San Francisco and London, the company said manufacturing operations will remain on the continent.

 


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