Rising Cybercrime Costs Nigerian Businesses $500M Annually Lagos Tech Founder Calls for Proactive IT Protection
Lagos based technology entrepreneur Walter Enyioha , founder of e‑Technologies, is urging Nigerian businesses to shift from reactive IT support to a proactive model, as cybercrime continues to cost the economy an estimated $500 million annually and regulatory fines under the Nigeria Data Protection Act reach ₦10 million per breach.“We’ve spent years on the ground repairing systems and watching businesses struggle with unexpected IT failures and security incidents,” said Walter Enyioha . “The reality is that waiting for something to break or worse, waiting for a ransomware attack is no longer sustainable. The financial and reputational damage is too high.”To address this, e‑Technologies has developed e‑Tech 360, a managed IT service that bundles 24/7 endpoint monitoring, enterprise‑grade cybersecurity, and daily cloud backups into a fixed monthly fee, billed Locally. The service is delivered through official partnerships with global cybersecurity leader Kaspersky...