14 results
- 16 Dec 2019
Banks, Others Spend $270m to Battle Cyberattacks
Banks, insurance companies and government institutions in Nigeria spent an estimated sum of N270.22m to prevent cyberattacks in 2018, according to African cybersecurity study by Demadiur Systems…
- 3 Dec 2019
Nigerian Firms, Others Spend $800m on Cyber Security
Financial services companies, government institutions, telecommunication firms and financial technology companies operating in Nigeria, among others lost about $800m to cybercrime in 2018, according…
- 5 Dec 2019
Nigeria Lost $800m to Cybercrimes In 2018 – Report
The cost of cybercrimes in the country peaked at $800 million, this is according to latest Nigeria Cybersecurity Report (2018). The report shows that even with 17% increase in organisational spend in…
- 17 Dec 2018
Banks, PSPs Race to Comply with CBN Risk-Based Cyber Security Framework
Central Bank of Nigeria (CBN) has released a risk-based cybersecurity framework and guidelines for Deposit Money Banks (DMBs) and Payment Service Providers (PSPs) which they must comply with by…
- 31 May 2018
Stakeholders to Launch 2017 Nigeria Cyber Security Report
The city of Lagos, South-West Nigeria is set to host stakeholders drawn from banking, telecommunications and other sectors of the Nigerian economy to the launch of the 2017 Nigeria Cyber Security…
- 29 Apr 2019
Cybersecurity Experts Decry Low Attribution, Deterrent of Attacks
Cybersecurity experts have attributed high level of cyber -attacks in Nigeria and other Africa countries to low attribution and deterrent, warning that unless regulatory authorities step up policies…
- 22 Jul 2019
Experts Urge Implementation of National Cyber Security Policy & Strategy
Worried by absence of coordinated approach in the fight against cybercrimes, information and communications technology experts hare seeking the revival of National Cyber security Policy and Strategy…
- 16 Feb 2020
Experts Suggest Ways to Address Shortage of Skill-set in Cybersecurity
Worried by several reports revealing shortage of skillset in cyber security in Nigeria and other African countries, experts have adduced ways out of the challenge. In a recent report published by…
- 12 Jun 2017
Telcos Must Innovate, Stop Fighting OTTs - Nnamani
Engineer Ikechukwu Nnamani is the President/Chief Executive Officer of Medallion Communications Limited. With over 15 years of core telecom experience, Engr. Nnamani is very active in promoting…
- 12 Apr 2020
Experts Seek Strong Enforcement Framework to Address Low Attribution of Attacks
Cybersecurity experts have advocated for a strong regulatory and enforcement frameworks in order to address low attribution and deterrent of cyber-attacks in the country. Kenneth Okereafor,…
- 11 Jun 2018
Worries as MDAs, Others Shun ONSA Cyber Security Infrastructure
Office of National Security Adviser (ONSA) has expressed concerns over lack of interest by government agencies and private organizations to use its robust cyber security infrastructure for monitoring…
- 2 Jul 2018
Banks Shun Nigeria Cyber Identity, Use Foreign Domains
Money deposit banks are still reluctant to register their domains on .ng, Nigeria’s Code Top Level Domain (ccTLD), preferring instead foreign domains, despite several years of lobbying and campaigns…
- 13 Aug 2018
Experts Worry Over Rising Cyber Security Poverty Line in Nigeria
Cyber security experts have decried the level of preparedness of Nigerian organizations against cyber-attacks as a follow-up to a recent cyber security report which finds that over 90 percent of…
- 16 Mar 2019
Concerns as Cyber Security Vendors Implement Irrelevant Solutions
Cyber security experts have expressed worries over the implementation of none impactful cyber security solutions to organisations which has resulted in increased loss of money and data by…