• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, October 22, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Expert Warns Of Growing Cyber Threats On SMEs Amid Lack Of Recovery Plans

by Royal Ibeh
3 months ago
in Business
Cyber
Share on WhatsAppShare on FacebookShare on XTelegram

A cybersecurity expert, Olatunde Olasehan, has lamented that small and medium-sized enterprises (SMEs) across Africa are increasingly vulnerable to cyberattacks, due to absence of proper cyber incident response and recovery planning.

Advertisement

Olasehan, in an interview with LEADERSHIP said in today’s digital landscape, it is no longer a matter of if businesses will be targeted by cybercriminals, but when.

“The problem is that too many African SMEs are completely unprepared for what comes next,” Olasehan added.

Advertisement

He narrated an ordeal of one Lagos-based logistic firm who recently lost its entire network to ransomware, adding that, “With no data backups, no recovery strategy, and no contingency plan, the company collapsed within three weeks. Trucks went idle, customers fled, and the business shut its doors for good. This is not an isolated case. These stories are becoming alarmingly common across Nigeria, Kenya, Ghana, South Africa, and other rapidly digitising economies.”

The rapid adoption of cloud computing, mobile payments, and digital supply chains across Africa has outpaced the region’s investment in cybersecurity and disaster recovery.  According to recent estimates, Nigeria alone has lost over $500 million to cybercrime in recent years, with weekly incidents up by more than 20 per cent.

“Many African SMEs operate on tight budgets with limited technical capacity. As a result, even small cyber incidents, like phishing emails, malware infections, or website takeovers, can spiral into a full-blown crisis. Most SMEs don’t have the luxury of dedicated cybersecurity teams or expensive software. But that doesn’t mean they can’t be resilient. What’s missing is a practical, affordable plan for when things go wrong,” Olasehan explained.

RELATED NEWS

Delta APC United Under Oborevwori — Official

Enko’s Private Credit Fund Targets Africa’s Economic Growth With $100m

Oyetola Pledges Support For Indigenous Shipping

Federal Govt Recognises PalmPay For Advancing Financial Inclusion

Traditionally, the cybersecurity expert averred that incident response frameworks are modeled after Western corporate environments, environments with ample resources, deep expertise, and redundant systems, even as he argues, that this model is a poor fit for most African businesses. “The key is shifting the mindset from technical recovery to business continuity. You don’t need perfect security. You need a way to continue operating, even if that means using paper receipts, SMS alerts, or manual processes temporarily,” he said.

Contrary to popular belief, cybersecurity resilience does not have to come with a hefty price tag, Olasehan averred, while urging African SMEs to take meaningful action with modest investments, including simple data backups stored on USB drives, external hard drives, or in low-cost cloud environments can protect critical records from ransomware; teaching employees how to spot phishing attempts or respond to unusual system behavior can stop threats before they escalate and when networks fail, having alternate communication systems, such as phone trees, WhatsApp groups, or even radio, can keep teams coordinated.

 

“Cybersecurity is not just about software, it is about people, processes, and relationships. It is about thinking ahead, not reacting too late,” Olasehan noted.

 

 

Join Our WhatsApp Channel

Breaking News: Nigerians at home and abroad can now earn in USD by acquiring ultra-premium domains from $3,000 and profiting up to $36,000. Perfect for professionals. Click here.

SendShare10173Tweet6358Share

OTHER NEWS UPDATES

Governor Oborevwori Orders Council Chairmen To Execute Landmark Projects
Business

Delta APC United Under Oborevwori — Official

3 hours ago
Enko’s Private Credit Fund Targets Africa’s Economic Growth With $100m
Business

Enko’s Private Credit Fund Targets Africa’s Economic Growth With $100m

3 hours ago
Oyetola
Business

Oyetola Pledges Support For Indigenous Shipping

3 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

LEADERSHIP Governor of the Year 2025: Biodun Abayomi Oyebanji

11 seconds ago

LEADERSHIP Governor of the Year 2025: Abdullahi Sule

7 minutes ago

LEADERSHIP Governor of the Year 2025: Hope Odidikanwa Uzodimma

10 minutes ago

NAHCON Denies Role In Journalist’s Detention, Labels Reported Corruption Allegations ‘Lies’

11 minutes ago

LEADERSHIP Award: Senator Oluremi Tinubu, CON: Person Of The Year 2025

45 minutes ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.