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NCC, Others Urge Youths to Be Responsible Online

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Nigerian Communications Commission (NCC) and other stakeholders have urged the Nigerian youths to maintain a high sense of social responsibility while surfing the internet to ensure the internet remains a safe place for all.

 

The youths were also tasked to help protect the image of the country by using the social media as a tool to showcase the best of themselves to the world for foreign investment benefits.

 

This call was made during the week at a Cyber Security Awareness Forum organised by a consortium of three agencies: Centre for Cyber Awareness and Development (CECAD), Nigeria Internet Registration Association (NIRA) and the Nigeria Communications Commission (NCC), in commemoration of this year’s World Safer Internet Day.

 

The theme for this year, which was “Create, Connect and Share Respect: A better Internet Starts With You,” was tailored to meet the exigency of educating the people on the need to be security conscious by avoiding freebees on the internet as the incidences of cybercrime assumed frightening proportions.

 

Mr. Haru Alhassan, director of New Media and Information Security of Nigerian Communications Commission (NCC), reinstated the commitment of NCC to continue to collaborate actively with other agencies and stakeholders in the combat against cybercrimes and the need for Nigerians not to lose guard as far as cyber security was concerned.

 

Alhassan, who represented Prof. Umar Danbatta, executive vice-chairman of Nigerian Communications Commission, , said: “The Nigerian Communications Commission as a telecoms regulator in Nigeria is still in the forefront of the Nation’s fight against cybercrimes. The agency has commenced the process of establishing a sectorial computer security incident response team. The centre is to gather information on all cyber threats like malwares, viruses and information from all stakeholders in the fight against cybercrime.”

 

Also, Mr. Sunday Afolayan, president of the Nigeria Internet Registration Association (NIRA), , urged the youths to rise up to the occasion by maintaining good hygiene on the internet so as not to abuse their futures.

 

He said: “Don’t make friends with strangers on the internet. A stranger remains a stranger. The easiest way to guarantee our children’s protection online is to preach cyber hygiene. Cyber hygiene teaches you the things that you need to do so as not to fall prey. On the internet you must learn and practice a very good cyber hygiene to ensure the safety of all.”

 

However, Mr. Afolayan lamented the laxity of regulatory bodies in the midst of the flood of toxic information, from indoor and outdoor advertisement, that kept bombarding the minds of minors in the country.

 

Dr. Bayero Agabi, executive director of Centre for Cyber Awareness and Development (CECAD) stressed the need to leverage on the humongous opportunities available on the internet for individual and societal advancement. He said: “It is no longer news that the internet is the biggest planet that we know today. It comes with a lot of opportunities that if we use it appropriately, it can transport us to where we want to be. The internet is a major tool for national development. We need to use the internet in such a way that it develops what we do, especially for the younger ones.”

 

Meanwhile, Mr. Agabi tasked the government to vigorously champion ‘cyber responsibility’ crusade in Nigeria so as not to chase foreign investors away.

 

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Worldwide Information Security Spending to Exceed $124 Billion in 2019 – Report

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Worldwide spending on information security products and services will reach more than $114 billion in 2018, an increase of 12.4 percent from last year, according to the latest forecast from Gartner, Inc. In 2019, the market is forecast to grow 8.7 percent to $124 billion.

“Security leaders are striving to help their organizations securely use technology platforms to become more competitive and drive growth for the business,” said Siddharth Deshpande, research director at Gartner. “Persisting skills shortages and regulatory changes like the EU’s Global Data Protection Regulation (GDPR) are driving continued growth in the security services market.”

A 2017 Gartner survey* revealed that the top three drivers for security spending are (1) security risks; (2) business needs; and (3) industry changes. Privacy concerns are also becoming a key factor. Gartner believes privacy concerns will drive at least 10 percent of market demand for security services through 2019 and will impact a variety of segments, such as identity and access management (IAM), identity governance and administration (IGA) and data loss prevention (DLP).

Mr. Deshpande said highly publicized data breaches, like the recent attack on SingHealth that compromised the personal health records of 1.5 million patients in Singapore, reinforce the need to view sensitive data and IT systems as critical infrastructure.

“Security and risk management has to be a critical part of any digital business initiative,” he said.

An increased focus on building detection and response capabilities, privacy regulations such as GDPR, and the need to address digital business risks are the main drivers for global security spending through 2019.

Gartner has identified key trends affecting information security spending in 2018-2019, including: At least 30 percent of organizations will spend on GDPR-related consulting and implementation services through 2019.

Organizations are continuing their journey toward compliance with the GDPR that has been in effect since 25 May 2018. Implementing, assessing and auditing the business processes related to the GDPR are expected to be the core focus of security service spending for EU-based organizations, and for those whose customers and employees reside there.

Risk management and privacy concerns within digital transformation initiatives will drive additional security service spending through 2020 for more than 40 percent of organizations.

Consulting and implementation service providers have retooled their service offerings over the past several years to support customers on their digital transformation journey. Security is a key factor in the uptake of that transformation process for regulated data, critical operations and intellectual property protection spanning public cloud, SaaS and the use of Internet of Things (IoT) devices.

Services (subscription and managed) will represent at least 50 percent of security software delivery by 2020.

Security as a service is on the way to surpassing on-premises deployments, and hybrid deployments are enticing buyers. A large portion of respondents to Gartner’s security buying behavior survey said they plan to deploy specific security technologies, such as security information and event management (SIEM), in a hybrid deployment model in the next two years. Managed services represented roughly 24 percent of deployments, on average.

“On-premises deployments are still the most popular, but cloud-delivered security is becoming the preferred delivery model for a number of technologies,” said Mr. Deshpande.

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F5 Reports Rising Multi-Cloud Adoption

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More and more businesses globally are moving to a multi-cloud situation to deploy or access services.

 

This is according to F5 Networks’ recent report, ‘The State of Application Delivery 2018’ (SOAD), in which more than 50 percent of the respondents, representing IT professionals from all over the globe, said they use between two and six cloud environments.

 

The F5 report, now in its fourth year, surveys more than 3,400 industry peers, evaluating the state of application services and looking into motivations underlying the deployment of application services.

 

It covered more than 300 organisations across a broad spectrum of vertical markets such as banking and finance, telecommunications, public sector and consumer products.

 

The five key findings revolved around the issues of digital transformation, inspiring new architectures and IT optimisation initiatives; multi-cloud deployment, which enables the best cloud for the app; application services as the gateways to the future; the fact that IT optimisation drives the use of automisation; and the relationship between security confidence and the rise of multi-cloud.

 

The survey notes that, according to 49 percent of respondents, digital transformation is encouraging the delivery of applications from the cloud. Simon McCullough, major channel account manager at F5, noted that attacks on applications are becoming more complex, leading to organisations transforming the traditional perimeter to include the new everyday reality of users accessing applications from anywhere, at any time, and from any device.

 

He added, “A key finding of this year’s SOAD report was the continuous increase in multi-cloud deployments, which enable organisations to select the cloud platform that best meets the requirements of a specific application. This scenario, however, which allows a company to transform their application portfolio to compete in today’s digital economy, also increases the challenges that many companies face in managing their operations across multiple clouds and, consequently, their security.”

 

The report saw that nearly nine out of 10 respondents are now using multiple clouds as a result of their ‘best-of-breed’ strategy for each application deployment. Forty nine percent of overall survey respondents are moving to deliver apps from the public cloud. Over half (59 percent) reported that they are utilising two to six clouds.

 

The report notes: “Applications streamline processes, provide new services and offerings, and enhance customer experiences… IT decisions get made based on app requirements. At the same time, the speed and scale required from the digital economy is moving IT off premises and into the cloud. This means that cloud decisions are made on a case by case, per-application basis according to 56 percent of the respondents. As customers have on average over 200 applications, with varying requirements, it’s no surprise that most respondents are operating in multi-cloud environments.”

 

“The power of apps in the business world is unmistakable,” says Anton Jacobsz, managing director at Networks Unlimited, a value-added distributor of F5 in Africa. “The right technology should support apps to optimise a business and not hamper productivity.  Our mission is to empower a business’ limitless potential, and we recommend F5’s app security solutions to move your business forward, making your people more productive and creating a better experience for your customers.”

 

F5 security solutions have been developed to offer customers complete visibility and control at scale. “Applications ‒ along with their users and data ‒ are exposed to enormous risk as they travel from device to data centre server and back again. Unpredictable and stealthy cyber threats continue to disrupt user availability and exploit financial information and intellectual property. F5 secures access to applications from anywhere while protecting them wherever they reside. F5 helps businesses protect sensitive data and intellectual property while minimising application downtime and maximising end-user productivity,” concluded McCullough.

 

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Technology is Future of FICA, Digitised Customer Onboarding

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Simon Slater, chief operating officer at e4

Digitisation is transforming business and impacting consumers through every stage of their daily lives.

 

While rapidly becoming a way of life, onboarding consumers digitally is still in its infancy, but is becoming a major focus for every financial institution across the country.

 

According to Simon Slater, chief operating officer at e4, a digital solutions company, the amendment of FICA, which now incorporates a risk-based approach to customer due-diligence, enables Accountable Institutions (AIs) to adopt their own, more flexible approach.

 

He said this move will quickly solve onboarding challenges as AIs, such as the banks, embrace the vital role technology can play in the process.

 

Slater said that technology’s role in addressing FICA requirements is rapidly growing because AIs now have more flexibility to manage compliance and risk independently.

 

The FICA amendment, he said, has seen a swift uptake in the use of technology solutions: “In part prompted by the rise of the fintech companies and the potential challenges posed by several new digital challenger banks, the major incumbent banks have all risen to the challenge of addressing both onboarding and compliance utilising technology solutions.”

 

The strength of these technology solutions, according to Slater, often lies in the use of data sources combined with intelligent rules engines, to verify customer information behind a great front-end channel. It is here that artificial intelligence will also start to feature more in onboarding solutions.

 

There are several components to the ultimate onboarding technology solution according to Slater.

 

Centred on the customer, the solution requires a simple web front-end or mobile app, that is easy to use and intuitive.

 

Proof of identity is next, and the solution will need a direct link to Home Affairs to verify a person’s identity. Depending on the channel, this can include the use of fingerprint biometrics, which provides a very strong real-time check, coupled with or alternatively using up to three-way facial matching of a customer’s image (enabling a ‘virtual’ face-to-face process).

 

A virtual video link can also be offered, coupled with liveness detection to cater for all risk levels of customer verification. Finally, technology can now also solve the challenges around income, affordability and employment verification.

 

To solve proof of residence, Slater said these types of technology solutions are reinventing the process digitally at new levels: “We have managed to create a marketplace for address providers to compete on a price and quality basis, to enable AIs to verify digital evidence for proof of residence, against multiple sources of addresses. This is the level of onboarding that suddenly becomes possible in a digital environment.”

 

Real-time approval via instant processing of new customer applications is the ultimate goal of digitised onboarding. Slater says that from a FICA perspective, the next goal is to assist AIs to address the ongoing verification of existing customers.

 

Often referred to as Know Your Customer (KYC), the technology solutions developed to onboard new customers can also be utilised to refresh a customer’s data based on their risk profile.  This is the road ahead.”

 

Slater is very upbeat about the future of new technology within AIs.  Sustainable solutions to help solve the ability of AIs to onboard a customer and meet their FICA requirements are finally available.

 

 

 

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