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ISPON Makes Case for CPN Affiliates on NITDA’s Board

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Institute of Software Practitioners of Nigeria (ISPON), one of the affiliate bodies of the Computer Professional Registration Council of Nigeria (CPN), is worried about the continued absence of CPN representatives on the Board of Nigeria Information Technology Development Agency (NITDA), months after the inauguration of its board members, describing the situation as unconstitutional and lopsided.

 

While NITDA is the government agency responsible for the implementation of the country’s policies on Information Technology (IT), CPN is a government agency saddled with the responsibility of registering and controlling all IT practitioners in the country.

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The NITDA Act states that four CPN representatives would be on the NITDA Board, which are selected from each affiliate member of CPN, of which ISPON is one of them.

 

This has been the tradition since the inception of NITDA, until this year, when the Minister of Communications, Adebayo Shittu inaugurated the NITDA Board without CPN and its affiliate members, a situation that is giving ISPON and other affiliate members of CPN, some concerns.

 

Worried about the continuous absence of CPN members on NITDA Board, ISPON has called on the minister to quickly address the situation and correct the imbalance, inline with NITDA’s Act.

 

The former President of ISPON, James Emadoye who raised the concern during the official handing over of the administration of ISPON to the incoming President, Dr. Yele Okeremi in Lagos recently, urged the minister to revisit the inauguration and ensure that CPN members are on the Board of NITDA.

 

Okeremi who saw the situation as loss of permanent seats by the CPN, promised to engage the minister until the matter is resolved.

 

Narrating the circumstances that led to the absence of CPN members on NITDA’s Board, Emadoye said: “It is the responsibility of the minister to inaugurate members of the NITDA Board and the minister had called for the list from CPN, which was sent to him before the inauguration, but along the line NITDA instead on quota basis for the selection process and that someone from the North-west must be on the board, which negates the NITDA Act that clearly states that four professionals representing each of the geopolitical group will be nominated to the NITDA Board.

 

Emadoye insisted it was not proper to neglect the affiliates in the inauguration of NITDA Board and called on the minister to revisit the issue and address it amicably.

 

The Minister of Communications had in March this year, inaugurated a team of 16 board members that will drive the affairs of NITDA, without the four representatives from CPN.

 

Since then, stakeholders from the Information and Communications Technology (ICT) industry, have criticised the omission of CPN nominees, while blaming it on NITDA, whom they believed did not handle the entire process of the inauguration with the utmost national interest it deserved.

 

Giving reasons for the omission of CPN nominees, the Director, E-Government Development and Regulation at NITDA, Dr. Vincent Olatunji told THISDAY that the omission of CPN nominees was as a result of a mix-up in the submission of names and that CPN has been further directed to rectify the list of its nominees, and resend same to the minister. According to Olatunji, as soon as the list is rectified and sent, the CPN members would be inaugurated into NITDA Board.

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E-Business

IBM Study Unveils Hidden Costs of Data Breach

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IBM Security has released a global study examining the full financial impact of a data breach on a company’s bottom line.

The study found that hidden costs in data breaches — e.g., lost business, negative impact on reputation and employee time spent on recovery — can be a huge factor. In a “mega breach” of 1 million or more records, one-third of the cost derived from lost business.

And the cost is on the rise; since the 2017 report, the average cost of a data breach globally has increased 6.4 percent, to $3.86 million, according to IBM. The number of mega breaches is also up — from nine in 2013 to 16 in 2017.

The study, sponsored by IBM and conducted by Ponemon Institute, also reveals that:

– Average cost of a data breach involving 1 million records is nearly $40 million.

– Estimated cost of a breach involving 50 million records is $350 million.

– Average time to detect and contain a mega breach (365 days) is 99 days longer than for a smaller-scale breach.

– In a mega breach, the greatest cost is from lost business, estimated at nearly $118 million for a breach of 50 million records.

A major factor in lost business cost is customer turnover — a recent IBM/Harris poll found that 75 percent of consumers in the U.S. say that they will not do business with companies that they do not trust to protect their data.

“The truth is there are many hidden expenses which must be taken into account, such as reputational damage, customer turnover, and operational costs,” said Wendi Whitmore, global lead for IBM X-Force incident response and intelligence services. “Knowing where the costs lie and how to reduce them can help companies invest their resources more strategically and lower the huge financial risks at stake.”

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Global Accelerex Trains Nigerian Security Agencies on Cyber Crime

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Global Accelerex Limited, a Central Bank of Nigeria-licenced Payment Terminal Service Provider and Payment Solution Service Provider, as part of its Corporate Social Responsibility Program, is set to train members of Nigeria’s Security Agencies on Cybercrime.

The event, which will hold on July 25, 2018 at Ladi Kwali Conference Center, Sheraton Hotel, Abuja, will enrich participants’ knowledge of the cyberspace and increase their versatility in dealing with on-line crime.

This collaboration, first of its kind in the e-payment industry, is borne out of the company’s desire to rid the nation of cyber criminals who continue to bring the country’s name into disrepute.

In addition to learning about cyber vulnerability, attendees will also learn about insider threats and sophisticated cyber adversaries.

The forum will host more than 30 participants including officials of the Nigerian Police, Nigerian Armed Forces, Economic and Financial Crimes Commission, Independent Corrupt Practices Commission, State Security Service, National Intelligence Agency and National Drug Law Enforcement Agency.

Others are Nigerian Security and Civil Defence Corps, Defence Intelligence Agency and Nigerian Custom Service.

“We applaud the effort of the Nigerian government in combating cybercrime and securing lives and property in the country. Global Accelerex is driven to compliment this effort to ensure that Nigeria is rid of these miscreants so that citizens can enjoy the cyberspace with the peace of mind they deserve.

It is absolutely critical that we support security operations so that Nigerians can use the internet freely, which is why this training is vital”, stated Stanley Peters, Chief Technology Officer of the company.

The National Security Adviser commends the initiative by Global Accelerex, saying that the move will definitely impact positively on the officers and the nation in general.

He added that continuous training is critical to stay ahead of criminals even as he revealed that attendees have shown a high level of enthusiasm at this unique opportunity.

Keynote speakers that will bring their experience to bear are Mr. Tahmeed Rab, Co-Founder and Managing Partner of Kaizen Solutions Group, Baltimore, USA and Mr. Peter Obadare, Co-Founder and Chief Operating Officer of Digital Encode.

Both experts are acclaimed for their ground-breaking achievements in cyber security, risk and compliance, mobile forensics, network and system consulting.

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Africa.com Acquires iAfrica

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Media holding company Africa.com has today announced its acquisition of Primedia and MTN-owned news portal, iAfrica.com. The terms of the agreement were not disclosed.

In a statement, Africa.com says the acquisition builds on the company’s strength in running the news Web site and the business publisher’s network, a group of nearly fifty business content publishers on the continent who have joined Africa.com to create a digital audience of over 15 million influential business people.

Africa.com chairman and CEO, Teresa Clarke, will serve as executive editor of iAfrica.

“The acquisition of iAfrica creates a next generation South African media platform with a global reach,” says Clarke. “By acquiring iAfrica, we are able to combine editorial, technology, and marketing resources, bringing the benefits of more original content and better site performance to readers of both iAfrica and Africa.com.”

Laura Joseph Africa.com’s MD, adds: “We are fusing a legendary African news portal with an innovative and dynamic management team under one umbrella. With combined resources, we will continue to make each site better and better.”

According to the statement, Africa.com has already started its re-branding of the iAfrica.com news portal.

“Africa.com is known for its creative content in the form of slideshows, videos, and infographics, and we will bring these content forms to iAfrica,” notes Debra Winter, COO of Africa.com.

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