E-Business
Sophos 2020 Threat Report Shows increase in Malicious Cyberattacks

Sophos, a global leader in cloud-enabled next-generation cybersecurity, on Wednesday launched its 2020 Threat Report providing insights into the rapidly evolving cyberthreat landscape.
The report, produced by SophosLabs researchers, explores changes in the threat landscape over the past 12 months, uncovering trends likely to impact cybersecurity in 2020.
John Shier, senior security advisor, Sophos, said, “The threat landscape continues to evolve – and the speed and extent of that evolution is both accelerating and unpredictable.
“The only certainty we have is what is happening right now, so in our 2020 Threat Report we look at how current trends might impact the world over the coming year.
“We highlight how adversaries are becoming ever stealthier, better at exploiting mistakes, hiding their activities and evading detection technologies, and more, in the cloud, through mobile apps and inside networks.
“The 2020 Threat Report is not so much a map as a series of signposts to help defenders better understand what they could face in the months ahead, and how to prepare.”
The SophosLabs 2020 Threat Report, which is also summarized in a SophosLabs Uncut article, focuses on six areas where researchers noted particular developments during this past year.
Among those expected to have significant impact on the cyberthreat landscape into 2020 and beyond are the following:
Ransomware attackers continue to raise the stakes with automated active attacks that turn organizations’ trusted management tools against them, evade security controls and disable backups in order to cause maximum impact in the shortest possible time.
Unwanted apps are edging closer to malware. In a year that brought the subscription-abusing Android Fleeceware apps, and ever more stealthy and aggressive adware, the Threat Report highlights how these and other potentially unwanted apps (PUA), like browser plug-ins, are becoming brokers for delivering and executing malware and fileless attacks.
The greatest vulnerability for cloud computing is misconfiguration by operators. As cloud systems become more complex and more flexible, operator error is a growing risk. Combined with a general lack of visibility, this makes cloud computing environments a ready made target for cyberattackers.
Machine learning designed to defeat malware finds itself under attack. 2019 was the year when the potential of attacks against machine learning security systems were highlighted. Research showed how machine learning detection models could possibly be tricked, and how machine learning could be applied to offensive activity to generate highly convincing fake content for social engineering.
At the same time, defenders are applying machine learning to language as a way to detect malicious emails and URLs. This advanced game of cat and mouse is expected to become more prevalent in the future.
Other areas covered in the 2020 Threat Report include the danger of failing to spot cybercriminal reconnaissance hidden in the wider noise of internet scanning, the continuing attack surface of the Remote Desktop Protocol (RDP), and the further advancement of automated active attacks (AAA).
E-Business
Expert Urges FG to Leverage Digital Assets to Drive Diversification Goal

The need to maximise local digital assets, amid dwindling Oil revenues and a struggling economy, has been reiterated by the Chief Executive Officer of Quomodo Systems Africa, Oluwole Asalu, who maintained this measure remains the path to prosperity.
Asalu, while addressing the press in Lagos, recently asserted that global shift towards digital economies, presents a pivotal opportunity for Nigeria at this time to mobilise sufficient resources towards effective governance.
He emphasised harnessing the burgeoning local digital economy to expedite national diversification goals, while break away from overdependence on oil output.
Asalu, boasted further that Nigeria’s tech-savvy, youthful population and increasing recognition from global tech giants already position its digital sector as a driver of inclusive growth and job creation.
“Nigeria’s overreliance on oil is no longer tenable. As global markets shift towards renewable energy, the urgency to diversify has never been greater. Technology stands out as the most promising avenue, not merely as a sector, but as an enabler of growth across all facets of the economy,” he explained.
According to him, Nigeria’s tech talent remains the new oil, a renewable resource with the potential for significant returns, if strategically harnessed.
Like India’s successes in information technology services, Asalu want Nigeria to tap into lucrative outsourcing industry to draw foreign investment.
“Foreign investment in Nigeria’s tech sector is rising. Programmes like Digital Explorers have led European firms such as Telesoft to establish operations in Nigeria. Tech giants like Microsoft and Facebook have followed suit, injecting capital and creating jobs,” he stated.
He again pointed to the emergence of three unicorns within Nigeria’s tech ecosystem as a breakthrough and sign of maturity.
“Nigeria’s tech ecosystem is already showing signs of maturity, with three unicorns emerging from its soil. These success stories, powered by local innovation, underscore the viability of a home-grown, world-class tech sector,” he affirmed.
He however emphasized urgent need to close existing gap in skills and infrastructure, in addition to embracing governance and collaboration to fully harness digital potential cum future.
E-Business
MRA Flags AI Concerns ahead of Press Freedom Day Today

Media Rights Agenda (MRA), has unveiled a visual brief emphasizing the critical need for responsible and ethical use of Artificial Intelligence (AI) in journalism, particularly within Nigeria’s evolving media environment.
This is coming ahead of World Press Freedom Day today.
The visual brief, developed under this year’s global theme, “Reporting in the Brave New World – The Impact of Artificial Intelligence on Press Freedom and the Media,” explores the opportunities and dangers AI poses to media freedom in Nigeria and across the world.
In a statement released in Lagos by John Gbadamosi, its programme officer,MRA noted that AI is quickly changing the way news is produced and consumed, adding that it offers powerful tools that can assist journalists in analysing data, translating stories into local languages, and extend the reach of vital information, especially to underserved areas with limited media infrastructure.
Gbadamosi added that AI can help to ensure that essential news and information are also disseminated to local communities.
However, Gbadamosi warned that the same technology is being weaponised to undermine truth and press freedom, saying: “While AI can be used to advance journalism, it can just as easily be exploited to spread disinformation, create deepfakes, and drown out independent voices with algorithmically generated propaganda.”
According to him, “In Nigeria, journalists face threats that go beyond just physical dangers; such threats now also encompass digital, algorithmic, and systemic harms and challenges, which requires media professionals to ensure that AI enhances, rather than undermines, media freedom and that technology is used to promote the truth, not distort it.”
“The visual brief breaks down key concepts like misinformation, disinformation, mal-information, and information overload, which are increasingly shaping Nigeria’s digital media ecosystem. It also raises concerns about AI-enabled surveillance, political manipulation, and the marginalisation of community-based journalists.”
Gbadamosi stated that the visual brief also advocates support for independent media, transparent AI regulations aligned with Nigeria’s context, increased digital literacy, and stronger accountability from tech companies regarding platform content and influence.
He therefore urged all stakeholders to advocate for responsible AI usage and a free, independent, professional and vibrant media environment in Nigeria, stressing that “when media freedom thrives, democracy lives.”
E-Business
Nigerians to Pay More for IDs as NIMC Raises Service Fees

The National Identity Management Commission (NIMC) has raised the fees for all its products and services, including charges related to data modification on the National Identification Number (NIN) database.
In a statement issued in Abuja, Kayode Adegoke, NIMC’s Head of Corporate Communications, announced that the updated service fees are published on the commission’s official website.
Adegoke noted that the new pricing structure for NIMC’s services and products marks the first comprehensive review of its fees in over a decade.
The statement stated that the revised pricing is designed to align with prevailing operational costs and industry standards, while continuing to ensure that services remain accessible and affordable for all Nigerians.
The statement warned its Front-End Partners (FEPs) to comply with the newly approved rates, stating that any failure to do so could attract strict sanctions, including possible license revocation.
“The new structure ensures that the quality and integrity of our services remain uncompromised. We are committed to protecting the interests of Nigerians through fair and transparent pricing,” the statement read.
NIMC urged the public to report any Front-End Partners (FEPs) found charging beyond the approved rates. Reports can be directed to the Commission’s Inspectorate and Enforcement Unit via email at ieu@nimc.gov.ng
It further reaffirmed its commitment to delivering secure and dependable identity services. A complete list of the revised service fees can be accessed on its official website at www.nimc.gov.ng.
In a related development, Abisoye Coker-Odusote, Director General of the National Identity Management Commission (NIMC), expressed sincere appreciation to President Bola Ahmed Tinubu for his unwavering support in enhancing the National Identity Database (NIDB).
She also extended her gratitude to the Minister of Interior, Dr. Olubunmi Tunji-Ojo, and other key partners for their pivotal roles in advancing a sustainable and effective identity management system.
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