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Many Organisations Aren’t Positioned for Success in Tackling Cyber Demands – Report

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The fourth industrial revolution is driving change and digitalisation at an exciting pace. New markets are being created and with every innovation the world becomes more and more digitally connected.

Cyber is growing and moving in multiple dimensions across multiple disciplines—beyond an organisation’s perimeter and IT environments, permeating the products it creates, the factories where it makes them, the spaces where its employees conceive them, and where its customers use them. Cyber is at the centre of digital transformation.

According to Deloitte’s 2019 Future of Cyber survey, there are notable gaps in organisations’ abilities to meet cybersecurity demands for the future. Findings indicate that many cyber organisations are challenged by their ability to prioritise cyber risk across the enterprise (16 percent), followed closely behind by lack of management alignment on priorities and adequate funding, each at 15 percent.

“Cyber leaders today are focused on digital transformation as a catalyst for change for both the greater enterprise and their cyber agendas. The good news is the survey results show that organisations are no longer taking a wait-and-see philosophy to preparing for and responding to cyber incidents”, says Deloitte Africa Risk Advisory Cyber leader Eric Mc Gee, “There is a whole new way of thinking that is starting to occur with how organisations are going to achieve their business outcomes, and that is with a cyber everywhere mindset.”

Findings from the 500 C-suite cybersecurity executives surveyed also suggested that there is still much work to do in aligning cyber initiatives to executive management’s digital transformation priorities.

There is a real gap that must be bridged, with finite budgets and resources as well as a lack of prioritisation by executive management. The overall consensus was that many organisations aren’t fully equipped to efficiently and effectively tackle today’s cyber demands.

Findings of the Future of Cyber survey include:

–  43 percent of surveyed CISOs indicated they report directly to the CEO. This is consistent across the total survey population where 32 percent of respondents indicated the CISO reported to the CEO, with only 19 percent indicating that the role reported to the CIO.

In Deloitte’s experience facilitating hundreds of CISO transformation labs over the past five years and through informal collection of data, nearly 80 percent of CISOs report to a CIO or CSO. This indication that CISOs are, in fact, directly reporting to a CEO is quite encouraging but counter to Deloitte’s experience.

–    Half of organisations (49 percent) have cybersecurity on their board agenda at least quarterly. On the other hand, half of boards are not discussing cyber as often as they should. More concerning is that only 4 percent of respondents say cybersecurity is on the agenda once a month.

–   While organisations are prioritising digital transformation, only 14 percent of cyber budgets are allocated to provide for cybersecurity in transformation efforts.

–  Less than 20 percent of organisations have security liaisons embedded within business units to foster greater collaboration, innovation, and security.

–  Organisations are turning to third parties to manage certain functions of their cyber operations. According to 65 percent of the CISOs surveyed, 21-30 percent of total cyber operations are outsourced, with nearly half (48 percent) of CISOs selecting insider threat detection as a top function that they turn to third parties to manage.

–  There’s a disconnect between the majority (85 percent) of the survey respondents who indicate that they are using Agile/DevOps in application development and then ranking DevSecOps lowest (11 percent) on the cyber defence priorities and investments areas, which may explain why 90 percent of organisations surveyed experienced disclosures of sensitive production data within the past year.

Data integrity (35 percent) was the top-ranked cybersecurity threat respondents were most concerned about followed by unintended actions of well-meaning employees (32 percent) resulting in a negative event and then followed by technical vulnerabilities (31 percent).

“The aim of this survey report is to put the numbers into context and to expand the dialogue and acceptance of cyber everywhere so that organisations are not limited by it but empowered to embrace the opportunities it will create,” says Mc Gee.

As organisations embrace digital transformation and shift to the cloud increasing the complexity of technology infrastructure and outsourcing workloads to third parties, they are also expanding their cyber risk.

Cyber will become more prolific across systems, platforms, and people — employees, customers, and partners. Deloitte notes that enterprise leadership will have to correlate all of that to stay ahead of the adversary and protect the organisation’s most valuable assets.

Methodology

The Deloitte 2019 Future of Cyber Survey, in conjunction with Wakefield Research, polled 500 C-level executives who oversee cybersecurity at companies with at least $500 million in annual revenue including 100 CISOs, 100 CSOs, 100 CTOs, 100 CIOs, and 100 CROs between January 9, 2019, and January 25, 2019, using an online survey.


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Toll Collection on Lagos-Calabar Highway Begins December

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Senator David Umahi, the Minister of Works, has announced that a section of the Lagos-Calabar Coastal Highway will be tolled starting in December.

Umahi disclosed this during an interview for a forthcoming State House documentary marking the second anniversary of President Bola Tinubu’s administration.

He said: “By December, we will toll Section 1 of the Lagos-Calabar coastal highway. We project a 10-year return on investment.

“The road has solar-powered lighting and CCTV infrastructure, and offers carbon credit advantages.

“It is more than a road; it is an economic corridor and a catalyst for regional growth.”

According to the minister, 30 kilometres of Section 1 have already been completed, with an additional 10 kilometres in Section 2 nearing delivery. Both segments feature six-lane concrete-paved carriageways, designed to meet modern standards for safety and durability.

Umahi further revealed that construction had commenced on Sections 3 and 3B of the highway, spanning a total of 65 kilometres, covering 38 kilometres in Cross River State and 27 kilometres in Akwa Ibom.

He described the positive response from local communities as a clear indication of the project’s wide-reaching socioeconomic benefits.

“Just days ago, we flagged off Sections 3 and 3B—65 kilometres in total, covering 38 kilometres in Cross River State and 27 kilometres in Akwa Ibom. The host communities’ excitement speaks to these projects’ transformative impact,” he said.

Umahi also highlighted the administration’s renewed focus on the Sokoto-Badagry superhighway, which he noted was part of a broader vision dating back to colonial-era trade plans.

“The Trans-Saharan trade route dates back to colonial-era planning. President Tinubu is now bringing these long-abandoned visions to life,” the minister explained.


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Kaspersky Uncovers Dero Crypto Miner Spreading via Exposed Container Environments

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Kaspersky Security Services experts have identified a sophisticated cyberattack campaign targeting containerized environments to deploy a miner for the Dero cryptocurrency.

The attackers abuse exposed Docker APIs — parts of Docker, an open-source container development platform. In 2025, there are a significant number of Docker API default ports that are insecurely published, accounting for almost 500 occurrences worldwide on average each month.

In the discovered campaign, cybercriminals inject two types of malwares into the compromised systems: one is the miner itself and the other is a propagation malware that can spread the campaign to other insecure container networks.

Kaspersky experts discovered this malicious campaign as part of a compromise assessment project. According to expert estimates, any organisation that operates containerized infrastructure — while exposing Docker APIs without robust security controls — can be a potential target. These may include technology companies, software development firms, hosting providers, cloud service providers and more enterprises.

According to Shodan, in 2025, there are 485 published Docker API default ports¹ worldwide each month on average. This figure illustrates the campaign’s potential attack surface by tallying the “entry points” — or insecurely exposed ports that attackers might target.

Once attackers identify an insecurely published Docker API, they either compromise existing containers or create new malicious ones based on a legitimate standard Ubuntu image. They then inject two malware types into the compromised containers: “nginx” and “cloud”.

The latter is a Dero cryptocurrency miner, while “nginx” is a malicious software that maintains persistence, ensures execution of the miner and scans for other exposed environments. This malware allows attackers to operate without traditional Command-and-Control (C2) servers; instead, each infected container independently scans the Internet and can spread the miner to new targets.

“The campaign has the potential for exponential growth of infections, with each compromised container acting as a new source of attack, if security measures are not immediately put in place in the potentially targeted networks,” explains Amged Wageh, an incident response and a compromise assessment expert at Kaspersky Security Services.

“Сontainers are foundational to software development, deployment, and scalability. Their widespread use across cloud-native environments, DevOps, and microservices architectures makes them an attractive target for cyber attackers. This growing reliance demands organisations adopt a 360-degree approach to security — combining robust security solutions with proactive threat hunting and regular compromise assessments”.

The attackers embedded the names “nginx” and “cloud” directly in the binary — an inflexible executable file composed of instructions and data for the processor, not for humans. This is a classic masquerading tactic that lets the payload pose as a legitimate tool, trying to deceive both analysts and automated defenses.


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Manager, Others Arraigned for Allegedly Hacking into Premium Trust Bank’s Server

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Economic and Financial Crimes Commission (EFCC), on Tuesday, charged five defendants before a Federal High Court in Lagos for allegedly hacking into the server of Premium Trust Bank.

Manager, Others Arraigned for Allegedly Hacking into Premium Trust Bank’s Server

The defendants are listed as the bank’s e-payment service manager, Matthew Adeniyi; Kehinde Odeyemi, a nursing mother; Samson Latshin, Bolaji Omotosho and Sunday Okunnola.

They were charged before Justice Alexander Owoeye, on a six-count charge bordering on conspiracy, cybercrime and unlawful access to the bank’s database.

They, however, pleaded not guilty to the charge.

Mrs. Zeenat Atiku, prosecutor, alleged that they committed the offence between April and May this year, in collaboration with three others, now at large.

Those still at large are Isa Ismaila, Victor Joshua, also known as ‘Oracle’ as well as one other, simply identified as Humble.

According to the charge, the first defendant unlawfully disclosed sensitive credentials, including the bank’s server IP and domain details, to these parties.

She said this enabled an unauthorised access to the bank’s database and the consequent data breach allegedly resulted in financial gains of $10,000.

The prosecutor also alleged that the defendants attempted to intercept the bank’s network and procured a Hewlett-Packard ProBook 440 G9 laptop (serial No. SN#5CD2473N6G) configured to bypass the bank’s security systems.

The anti-graft agency said the alleged offences contravened the provisions of sections 12(1)(b), 27, 28(1)(b)(c) and 28(3) of the Cybercrimes (Prohibition Act, 2015 (as amended in 2024).

Following their pleas, the prosecutor, requested for a trial date and sought an order to remand the defendants in custody.

Meanwhile, the court declined an oral bail by the defence counsel and directed that a formal bail application be filed.

He adjourned the case until June 30, for trial and ordered that the defendants be remanded at the Nigerian correctional centre, pending bail.

The court, however, added that the defence may apply for an earlier trial date, upon filing their bail applications.

 


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