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Cyberattacks in Nigeria: undisclosed and underreported

Barka da asuba, That’s "good morning" in HausaNigerian cybercrime apologists sometimes ascribe its pe
Cyberattacks in Nigeria: undisclosed and underreported
By get.Africa Weekly • Issue #29 • View online
Barka da asuba,
That’s “good morning” in Hausa
Nigerian cybercrime apologists sometimes ascribe its perpetrators with a Robin Hood-esque quality. Their defence: They steal from the so-called “rich” to give to the poor.
The presumption is that all victims of cybercrimes are foreigners or foreign entities. 
This type of thinking is not only flawed but also self-destructive. 
Using that logic, surely Nigerians fall under some other cybercriminal’s “rich” list. As for the digital Robin Hoods, not only does charity begin at home, sometimes, so do their crimes.
Living in denial
In its 2020 State of the Cloud Security report, cybersecurity giant Sophos surveyed 65 Nigerian organizations and found that 86% of them had suffered public cloud incidents in the past year.
The study ranked Nigeria #1 for cyberattacks in Africa and #2 in the world after India.
But while the findings are damning, they must be placed in the proper context.
Sophos surveyed 3 times as many Indian businesses as Nigerian businesses, so there are questions around sample size. Also, they only studied 2 African countries, the other being South Africa.
Nigeria’s culture of underreporting and not disclosing cybersecurity incidents obfuscates any meaningful comparison with South Africa.
In February, Nedbank, one of South Africa’s biggest banks, suffered a data breach that affected 1.7 million customers. Per the POPI Act, the bank disclosed this information to the victims.
If that same incident were to happen in Nigeria, the bank would be required to notify the regulators but they wouldn’t be required to notify the victims.
That needs to change.
Nigerian’s cyberattack immunity bubble needs to burst, while businesses need to suffer the full cost of reputational damage whenever they are unable to protect their customers.

Why some of Nigeria’s worst cyberattacks are not reported
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U.K. school hires 10-year-old Nigerian tech genius as its new coding instructor
Why Nigerian wealth tech startups are slashing returns
Overheard on Twitter
Isa Ali Pantami, PhD
Pls @NipostNgn, our attention has been drawn to an increase of licence fee, which was not part of the regulation I earlier APPROVED for you. Your Chair and PMG were YESTERDAY contacted to put the implementation on hold and send a report to our ministry by Monday. Best wishes!
Startups and funding
Kenyan AI-powered agri-tech company Komaza has raised $28m Series B funding.
Startups learn the hard way in Nigeria after floating botched referral schemes.
A spotlight on DR Congo’s early-stage tech ecosystem.
South African bitcoin exchange, VALR has closed a $3.4m Series A funding round.
Kenyan ride-hailing company Little receives $3m investment from parent company.
Watch and listen
TEDxLagos: An economy rescued by startups - Chika Nwobi
TEDxLagos: An economy rescued by startups - Chika Nwobi
In South Africa, UberEats is eating into restaurant profits
In South Africa, UberEats is eating into restaurant profits
Techpoint Africa Podcast: Nigeria approves $328m internet fibre extension to the northern parts.
Disrupt Africa Podcast: Interview with CEO of Nigerian B2B e-commerce startup TradeDepot following its $10m pre-Series B funding round.
Vodacom partners with China’s Alipay to create ‘super app’ in South Africa that will allow consumers to stream music and follow news.
Bolt launches low-cost ride-hailing service in South Africa.
Vodacom vs. Please Call Me inventor takes another twist.
Facebook is investing $57billion in Africa’s economy.
Uber launches an intercity bus service in Egypt.
Any other business
Following Audiomack opening its Lagos office, Tidal is to also launch in Nigeria this week.
GPT3 may be the biggest thing in tech since BitCoin.
How Chinese tech billionaire Yahui Zhou is calling the shots at OPay.
Zimbabwe is squeezing its top mobile money platform for users’ data as it clamps down on the media.
Somalia has the lowest mobile data costs in Africa.
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