The year 2021 was exciting in the cybersecurity space both locally and internationally. Cyber breaches and attacks were experienced in the economy’s public, private, financial, and non-financial sectors.
A significant trend was that no organisation appeared immune to cyber-attacks. Even Financial Institutions that had made significant investments in cybersecurity experienced high-profile attacks. This may have been due to some predictions in the Nigeria Cyber Outlook that we released in January 2021. It was noted that there would be a spotlight on Nigeria, and attackers would have more tools, skills, and ground to play. See Nigeria Cyber Outlook 2021 for more details. In addition, 2021 saw an increase in cybersecurity regulations across different sectors.
We envisage that the Nigeria Cybersecurity Landscape in 2022 would be interesting for both sides of the divide (i.e., the threat actors and the “defenders”). Organisations would need to re-strategise to catch up and protect themselves. Some of the specific events we are likely to witness include: