E-Business
Digital Encode: Pioneering Effective Cybersecurity Response to Attacks in Nigeria
International Telecommunications Union (ITU) in its global cybersecurity index (GCI) 2020 ranks Nigeria 47th among countries tackling cybercrimes headlong.
The index disclosed that countries are working to improve their cyber safety despite the challenges of COVID-19 and the rapid shift of everyday activities into the digital sphere.
Despite notable improvements, gaps in cyber capacity persist, according to ITU. The GCI revealed that many countries and regions lag in key areas.
These include cybersecurity skills training, which must be tailored to the needs of citizens, micro-, small and medium-sized enterprises (MSMEs); finance, healthcare, energy, and other key sectors, which require dedicated measures to close cybersecurity gaps; critical infrastructure protection, which requires enhancement to meet new and evolving cyber threats and Individual data protection, which requires continual reinforcement as online activity expands.
In Nigeria one company has distinguished itself in providing effective strategy in addressing issues in the key sectors that ITU report identified and that company is Digital Encode.
Digital Encode is a leading consulting and integration firm founded in 2003 that specializes in the design, management, and security of business-critical networks, telecommunications environments and other Information Technology (IT) infrastructures.
Recognized in the industry for its vendor independent perspective, the firm’s expertise lies in solving multifaceted, complex enterprise network security and audit problems.
At Digital Encode, technology serves two purposes: to save money and solve a problem. Digital Encode also provides advisory services toward improvements in Information Security Management, Network Security, Vulnerability Management, Penetration Testing, Computer Forensics, Risk Management and Business Continuity Management.
Digital Encode’s unique methodology is rooted in the concept that a company should run its IT organization as a business. Throughout the well -defined process, Digital Encode translates strategic business objectives into sound, achievable technology solutions. This approach ensures that the technology never obscures the business goals.
Digital Encode has managed several projects for banks in the country among them included penetration testing and vulnerability assessments for PCIDSS certifications.
It has also assisted many organisations to deliver ISO 27001:13 certification which is a testament to their teamwork, focus, drive and will to succeed.
Recently, Digital Encode got licensed under the Data Protection Compliance Organisations (DPCO) by the National Information Technology Development Agency (NITDA).
With the development, Digital Encode is recognised by NITDA to provide training, auditing, and consulting services throughout the country in line with the Nigeria Data Protection Regulation (NDPR) principles.
Among the objectives behind the regulation were the protection of the privacy rights and freedoms of Nigerian citizens, on the one hand and the promotion of local and foreign investments in the digital economy by safeguarding the information systems infrastructure against breaches and implementing internationally compatible rules.
As a DPCO, Digital Encode is expected to verify self-audits prior to submission to NITDA. This is a means of decentralising compliance activities for more efficiency.
Dr. Peter Adewale Obadare, Co-founder and Chief Operating Officer of Digital Encode, who is also the Director of Governance, Risk and Compliance at Digital Encode, said as a Pan-African cyber security, the company would continue to keep assisting individuals and businesses protect their information assets.
Dr. Seyi Akindeinde, Chief Technical Officer of Digital Encode, said the license would remain a testament to Digital Encode’s unique methodology rooted in the concept of professionalism.
Akindeinde added that while assisting companies to achieve the data protection goals through a well-defined secure process, Digital Encode would continue to translate strategic business objectives into sound, achievable technology solutions.
Digital Encode Cyber security Efforts in Nigeria
Dr. Wale Obadare and Dr. Oluseyi Akindeinde, both founders of Digital encode have expressed worries over the implementation of none impactful cyber security solutions to organizations by vendors which has resulted in increased loss of money and data by organizations.
They cautioned organisations on over dependence on cyber security products for protection against cyber-attacks.
Obadare, further said that major challenge organizations face in the fight against cybercriminal and cyber warfare is lack of trained manpower.
“I have been in cyber security ecosystem for many years now and have identified lack of trained manpower in most organizations. Cyber security is not a certificate that speaks for you, but a continuous training to be ahead of the smart criminals. Most organizations find it difficult to continually update their IT security staff to be able to face cyber threats,” he said.
Akindeinde, emphasized on the need for a national cyber security framework against industry specifics frameworks.
“There are a number of frameworks aimed at assisting most organizations in preventing cyber attacks. A prime example is the ISO 27001 ISMS. A more specific one for the financial / payments sector is the PCI DSS. This is a regulatory framework. I think it’s a case of the level of maturity of cybersecurity in the banking sector. Other sectors have not got to that advanced stage of maturity which is why the banks seem to be at the forefront of preventing and addressing issues related to Cybersecurity,” he said.
Recognitions
Digital Encode has been conferred with several awards in recognition its efforts in pioneering effective cybersecurity strategy in Nigeria and Africa as well as its quality-driven operations and global best practice standards in Information Security Management and Compliance Advisory ecosystem among them included; the ‘Africa’s Most Innovative Quality Cyber-Security Consulting Company’ by African Quality Institute.
At the 11th edition of Beacon of ICT awards 2020, Digital Encode was inducted in the Beacon of ICT Hall of Fame as the Cybersecurity Company of the Year of the Decade as well as Compliancy Advisory Company of the Year of the Decade.
Nigeria CommunicationsWeek, organisers of the award said that Digital Encode is the only Nigerian Cybersecurity company to have been inducted into the Hall of Fame.
More so, the company’s founders Dr. Wale Obadare and Dr. Seyi Akindeinde, at the same edition of the award in addition to emerging as Nigeria CommunicationsWeek Man of the Year 2020 were also inducted into the individual category of the Beacon of ICT Hall of Fame as Cybersecurity Personalities of the Decade.
The organisers described Digital Encode efforts in the country’s Cyber-Security ecosystem’s and emergence in its award categories as “Digital Encode’s consistency in placing high premium on quality in all areas of its operations.”
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.
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.
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.
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.
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.
FG Verifies 2m Households for Cash Transfer
NOTAP Urges South Eastern Entrepreneurs to Embrace Franchising as Business Model
SERAP Asks Ojulari, NNPC CEO to Account for Missing N500Bn or Face Legal Action
FG Launches Online Citizenship, Business Management Platform
MTN’s Digital Lending Arm Disburses $592m Loans in Q1
Telecom2 days ago₦800 Billion Infrastructure Plan Set to Boost MTN’s Network Quality Nationwide
E-Business2 days agoNITDA, CISCO Empower Youth with Digital Skills
News2 days agoCreative Economy Ministry Secures $300M Investments Commitment
E-Financial2 days agoFidelity Bank reclaims trillion-naira market cap as stock rises to ₦21
Telecom2 days agoAfrican Women Hit Hardest as Mobile Internet Gender Gap Persists
General News2 days agoNITDA DG says its Community IT Centres Should be a Catalyst of Change
Telecom2 days agoRemita’s Bold Leap: Nigeria’s Fintech Giant Expands Across Africa
E-Financial2 days agoKuda Co-founder Urges Young Developers to Build Tech with Purpose @NACOSS 2025