General
ISACA Warns on Vulnerabilities of Remote Work to Cyber Attacks
By Adedapo Adesanya
The Information Systems Audit and Control Association (ISACA) has warned Nigerians working from the comfort of their homes to be wary of possible cyberattacks, which are rampant at vulnerable periods.
According to Director, Research and Marketing of ISACA, Abuja Chapter, Mr Ime Udoko, there are increased threats of attacks to people who have adopted the Remote Work Model (RWM)
Mr Udoko said on Wednesday that the COVID-19 pandemic has encouraged the use of RWM by businesses and institutions, but warned that if precautionary measures were not taken, they can be easily attacked by cyber criminals.
“The RWM model mandates organisations’ personnel to connect remotely to their respective offices to do their work and access business emails and applications using home devices.
“Unfortunately, most often, home devices are not protected by the corporate firewalls and anti-phishing security controls.
“Most times, connections are made using home routers which are ungoverned, browsers on many computers provided by companies hold sensitive information like User identities and passwords.
“Already, attackers find these as easy targets to gain remote credentials and perform malicious logins to corporate network.
“With the low level of security awareness, phishing campaigns through email makes employees at home a soft and easy target,” Mr Udoko said.
He further said that many believed that connections to corporate networks in the Work From Home model were done through Virtual Private Network (VPN) and were secured but said private networks could be manipulated and could be damaging.
He recalled that even by the disruption of COVID-19 era, there were already some disturbing statistics about Nigerian internet space by the Threat Intelligence Reports of CheckPoints, an institution monitoring cyber threats globally.
“Typical organisations in Nigeria with internet presence is being attacked 1,292 times per week in the last six months compared to 411 attacks per organisation globally.
“88 percent of the malicious files targeting institutions in Nigeria were delivered through emails, compared to 66 percent of malicious files globally.
“The most common vulnerability exploit type in Nigeria is Remote Code Execution (RCE) which is impacting 70 percent of organisations in the country,” he recalled.
The ISACA Research Director said that COVID-19 had changed business model and this had made it susceptible to a double rate of attacks which could be blamed on low cyber risks awareness level.
He added that the attacks stated by CheckPoints were being launched on organisations operating 90 percent physical model and less than 10 percent cyber dependence.
He advised that government, private institutions should consider setting up a Cyber Risk Management team to evaluate all possible risk scenarios, ensure adequate Information Technology resources to support staff.
“Companies should invest more on creating awareness on the do’s and don’ts while working from home, ensure employees’ devices comply with organisations’ internal policy, have up-to-date security software and security patch levels.
“Ensure all the corporate business applications are accessible only via encrypted communication channels, ensure Data at Rest (DAR) on employee laptops are encrypted to protect against unauthorised disclosure in the case of theft or devise loss.
“Where possible, get full protection from credential theft through phishing or social engineering as well as malware, exploits, ransom ware, and other email-delivered threats, by investing in relevant services.
“Safeguard access to application portals through the use of multi-factor authentication mechanisms, vet Bring-your-own-device (BYOD) such as personal laptops or mobile devises from the security standpoint,” Mr Udoko stated.
He also advised institutions to ensure policies for responding to security incidents and personal data breaches were in place to the knowledge of the staff.
According to him, the processing of personal data by the employer in the context of remote working should be in compliance with the local legal framework on data protection such as Nigeria Data Protection Regulations (NDPR).
Mr Udoko said that employees should be discouraged from sharing the virtual meeting URLs on social media or other public channels, adding that unauthorised third parties could access private meetings and breach business confidentiality.
By Adedapo Adesanya
The Independent National Electoral Commission (INEC) has completed its timetable and schedule of activities for the 2027 general election, despite pending amendments to the Electoral Act by the National Assembly.
INEC Chairman, Mr Joash Amupitan, disclosed this on Wednesday in Abuja during a consultative meeting with civil society organisations.
Mr Amupitan said the commission had already submitted its recommendations and proposed changes to lawmakers, noting that aspects of the election calendar might still be adjusted depending on when the amended Electoral Act is passed.
He, however, stressed that the electoral umpire must continue preparations using the existing legal framework pending the conclusion of the legislative process and presidential assent to the revised law.
According to him, the commission cannot delay critical preparatory activities given the scale and complexity involved in conducting nationwide elections.
The development highlights INEC’s commitment to early planning for the 2027 polls, even as stakeholders await legislative clarity that could shape parts of the electoral process.
Yesterday, the Senate again failed to conclude deliberations on the proposed amendment to the Electoral Act after several hours in a closed-door executive session. The closed session lasted about five hours.
Lawmakers dissolved into the executive session shortly after plenary commenced, to consider the report of an ad hoc committee set up to harmonise senators’ inputs on the Electoral Act Amendment Bill.
When plenary resumed, the Senate President, Mr Godswill Akpabio, did not disclose details of the discussions on the bill.
Despite repeated executive sessions, the upper chamber has yet to pass the bill, marking the third unsuccessful attempt in two weeks.
The Senate, however, said it will not rush the bill, citing the volume of post-election litigation after the 2023 polls and the need for careful legislative scrutiny.
Last week, the red chamber of the federal parliament constituted a seven-member ad hoc committee after an earlier three-hour executive session to further scrutinise the proposed amendments.
By Adedapo Adesanya
The Managing Director of the Rural Electrification Agency, (REA), Mr Abba Aliyu, is poised to attract an estimated $1.1 billion in additional private-sector investment to further achieve the agency’s targets.
He said that the organisation has received a $750 million funding in 2024 through the World Bank funded Distributed Access through Renewable Energy Scale-up (DARES) project.
He added that this capital is specifically intended to act as a springboard to attract an estimated $1.1 billion in additional private-sector investment, with the ultimate goal of providing electricity access to roughly 17.5 million Nigerians through 1,350 new mini grids.
Mr Aliyu also said that the Nigeria Electrification Project (NEP) has already led to the electrification of 1.1 million households across more than 200 mini grids and the delivery of hybrid power solutions to 15 federal institutions.
According to a statement, this followed Mr Aliyu’s high-level inspection of Vsolaris facilities in Lagos, adding that the visit also served as a platform for the REA to highlight its decentralized electrification strategy, which relies on partnering with firms capable of managing local assembly and highefficiency project execution.
The federal government, through the REA, underscored the critical role the partnership with the private sector plays in achieving Nigeria’s ambitious off-grid energy targets and ending energy poverty.
Mr Aliyu emphasized that while public funds serve as a catalyst, the long-term sustainability of Nigeria’s power sector rests on credible private developers who are willing to invest their own resources.
He noted that public funds are intentionally deployed as catalytic grants to ensure that the private sector maintains skin in the game which he believes is the only way to guarantee true accountability and the survival of these projects over time.
By Adedapo Adesanya
The Senate has proposed a review of the current revenue-sharing formula among the three tiers of government, seeking to allocate more funds to the federal government.
The proposal is contained in a constitutional amendment bill titled Constitution of the Federal Republic of Nigeria, 1999 (Alteration) Bill, 2026, sponsored by Mr Karimi Sunday representing Kogi-West, which passed first reading during plenary on Tuesday.
Coming amid ongoing calls for a new revenue formula to favour states and local governments, the bill argues for an increased federal share from the existing formula.
Under the current revenue sharing formula designed during the President Olusegun Obasanjo administration, the federal government takes about 52.68 percent of the total revenue generation by the nation in a month, the 36 state governments including the Federal Capital Territory, Abuja get 26.72 per cent and the 774 local governments share 20.60 per cent. The oil producing states of the Niger Delta region receive 13 per cent revenue as derivation to compensate for ecological damage of oil production in the region.
Defending the bill, the senator in a media conference on Tuesday stated that the federal government is overburdened by responsibilities such as the rehabilitation of dilapidated Trunk A roads and rising security costs, adding that available funds are no longer sufficient.
Ahead of its second reading, the lawmaker alleged that some states have little to show for funds received from the federation account.
The battle to change the sharing formula has been ongoing for more than 12 years. In 2013, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) resolved to undertake a review to achieve a balanced development of the country.
To achieve that objective, the commission embarked on a nationwide consultation to the 36 states and also met with notable persons, including traditional rulers on the issue.
In December 2014, the commission came out with a proposed new revenue formula, which was submitted to the government. However, the report was not implemented.
Proponents have argued that the review of the revenue allocation among the federal, states and local governments of the federation has become necessary due to the current economic realities the country is facing.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn