Saturday, April 18, 2026
30.9 C
Lagos

Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

BOOK REVIEW: Personal Cost Control Strategies

  Author: Festus Abiodun Adebisi Publisher: Maximax Inc. Reviewer: Goke Ilesanmi Many people...

The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

After kicking off in Lagos, Martell’s nationwide campaign, Martell...

PR Industry Leaders Hail Adejumoh’s Book, Advocate Strategic Shift in Practice

L-R: Chief Yomi Badejo-Okusanya (YBO), Chairman, Board of the...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

Insurance

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun...

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

BOOK REVIEW: Personal Cost Control Strategies

  Author: Festus Abiodun Adebisi Publisher: Maximax Inc. Reviewer: Goke Ilesanmi Many people...

The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

After kicking off in Lagos, Martell’s nationwide campaign, Martell...

PR Industry Leaders Hail Adejumoh’s Book, Advocate Strategic Shift in Practice

L-R: Chief Yomi Badejo-Okusanya (YBO), Chairman, Board of the...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

NGX Group Commends Happy Woman Digital Platform Initiative, Seeks Partnership

Being text of the speech by Alhaji (Dr.) Umaru...

Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

The Group Managing Director/Chief Executive Officer of Nigerian Exchange...

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

Insurance

NIA to Honour Past Governing Council Members

The Nigerian Insurers Association (NIA) is pleased to announce...

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun...

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United...

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

The National Insurance Commission (NAICOM) reaffirms its strong commitment...

WEF: Cyber-Enabled Fraud Now One of the Most Global Threats

Artificial intelligence, geopolitical fragmentation and a surge in cyber-enabled fraud are redefining the global cyber risk landscape at unprecedented speed, according to the World Economic Forum’s Global Cybersecurity Outlook 2026.

The report, developed in collaboration with Accenture, highlights that cyber-enabled fraud has become a pervasive threat. This shift underscores the growing societal and economic impact of fraud as it spreads across regions and sectors.

The report also showcases how AI is supercharging both offensive and defensive capabilities. Geopolitical fragmentation further compounds these risks, reshaping cybersecurity strategies and widening preparedness gaps across regions.

This year marks the fifth edition of the Global Cybersecurity Outlook series, which has traced a steady evolution from pandemic-driven digitalization to today’s increasingly complex cybersecurity landscape.

The new findings point to a cyber landscape undergoing profound structural shifts, where cyber resilience can no longer be approached as a technical function alone but as a strategic requirement that underpins economic stability, national resilience and public trust.

“As cyber risks become more interconnected and consequential, cyber-enabled fraud has emerged as one of the most disruptive forces in the digital economy, undermining trust, distorting markets and directly affecting people’s lives,” said Jeremy Jurgens, Managing Director, World Economic Forum. “The challenge for leaders is no longer just understanding the threat but acting collectively to stay ahead of it. Building meaningful cyber resilience will require coordinated action across governments, businesses and technology providers to protect trust and stability in an increasingly AI-driven world.”

The gap between highly resilient organisations and those falling behind remains stark, with skills shortages and resource constraints amplifying systemic risk. Meanwhile, global supply chains have become more interconnected and opaque; turning third-party dependencies into systemic vulnerabilities. These dynamics are converging at a moment when inequalities in cyber capabilities are widening, leaving smaller organisations and emerging economies disproportionately exposed.

“The weaponization of AI, persistent geopolitical friction and systemic supply chain risks are upending traditional cyber defences. For C-suite leaders, the imperative is clear; they must pivot from traditional cyber protection to cyber defence powered by advanced and agentic AI to be resilient against AI-driven threat actors,” said Paolo Dal Cin, global lead, Accenture Cybersecurity. “True business resilience is built by fusing cyber strategy, operational continuity and foundational trust—enabling organizations to swiftly adapt to the dynamic threat landscape.”

The report identifies key factors that shape the evolving cyber landscape of 2026. These include:

AI is accelerating cybersecurity risks at unprecedented speed. AI-related vulnerabilities rose faster than any other category in 2025, with 87% of respondents reporting an increase. Data leaks linked to generative AI (34%) and advancing adversarial capabilities (29%) are among the leading concerns for 2026. Meanwhile, 94% of leaders expect AI to be the most consequential force shaping cybersecurity in 2026. Organizations are responding, nearly doubling the share assessing AI security, from 37% to 64%.

Geopolitics is redefining the global cybersecurity threat landscape, with 64% of organizations now factoring geopolitically motivated attacks into their risk strategies and 91% of the largest enterprises adjusting their cybersecurity posture accordingly. 31% of respondents expressed low confidence in their country’s ability to manage major cyber incidents. Confidence levels vary widely, from 84% in the Middle East and North Africa to 13% in Latin America and the Caribbean.

Cyber-enabled fraud has become a pervasive global threat. A striking 73% of respondents were or knew someone directly affected in 2025 and CEOs now rank fraud and phishing ahead of ransomware as their top concerns.

Supply chains remain a major systemic vulnerability. Among large companies, 65% cite third-party and supply chain risks as their greatest cyber resilience barrier, up from 54% last year. Concentration risk is also intensifying, with incidents at major cloud and internet service providers demonstrating how infrastructure-level failures can trigger widespread downstream impacts across interconnected digital ecosystems.

Cyber inequity is widening across regions and sectors. Smaller organizations are twice as likely to report insufficient resilience compared to large firms. Regionally, the shortage of cybersecurity talent is most pronounced in Latin America and the Caribbean, with 65% of organizations reporting insufficient skills to achieve their security objectives, while 63% of organizations in sub-Saharan Africa face similar constraints.

“Developments in AI are reshaping multiple domains, including cybersecurity. When deployed responsibly, these technologies can strengthen cyber defences by supporting faster detection and response. But if misused or poorly governed, they can also introduce serious risks, from data leaks to cyberattacks,” said Josephine Teo, Minister for Digital Development and Information and Minister-in-Charge of Cybersecurity & Smart Nation Group, Singapore. “Governments therefore need a forward-looking and collaborative approach to ensure AI enhances cyber resilience while minimising risks that increasingly transcend borders.”

The report calls on leaders across sectors to move beyond isolated efforts and commit to raising the collective baseline by sharing intelligence, aligning standards and investing in the capabilities needed to ensure all organisations can benefit from a more secure and resilient digital environment.

The survey draws on insights from 804 global business leaders in 92 countries, including 105 CEOs, 316 chief information security officers and 123 other C-suite executives, including chief technology officers and chief risk officers.

 

About the Annual Meeting 2026  

The World Economic Forum’s 56th Annual Meeting, taking place on 19-23 January 2026 in Davos-Klosters, Switzerland, will convene leaders from business, government, international organizations, civil society and academia under the theme A Spirit of Dialogue.

Hot this week

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

Guinness Nigeria Plc has achieved a landmark milestone, surpassing...

Stanbic IBTC Asset Management Bags Top Asset Management Award 2026 by Global Banking & Finance Review

In a noteworthy achievement in Nigeria's asset management landscape,...

Tinubu Assents to N68.32tn Appropriation Bill, 2025 Budget Extension

President Bola Ahmed Tinubu has assented to the 2026...

Nationwide Voting Platform Empowers Consumers to Rate Brands, Public Institutions Based on Real Value, Trust, Service Delivery

  https://consumervalue.vercel.app/nominate In a bold step to deepen consumer voice and...

PenOp Appoints Anthonia Okoro as Chief Executive Officer

Pension Fund Operators Association of Nigeria is pleased to...

Topics

Dell Expands Open Networking Software Range with New Dell OS10

Dell has extended its reach in Open Networking with...

Truecaller Launches Vastly Improved iPhone App

Truecaller, the world’s leading global communications platform, today launched...

NAICOM, Governors’ Forum Partner on Insurance Penetration

L-R: Barineka Thompson, Director, Supervision; Mr. George Onekhena, Deputy...

Osinbajo to Open 2018 National Insurance Conference July 9

Professor Yemi Osinbajo, Vice-President, Federal Republic of Nigeria is...

Stanbic IBTC to Connect with Youths at Africa NXT

As part of its commitment to youth development, Stanbic...

NCDMB Visits MT Group’s Facilities, Pledges Support for Firm’s Valves Manufacturing Plans

A delegation from the Nigerian Content Development and Monitoring...
Exit mobile version