At forum, KPMG intensifies call for more cyber security in Nigeria
Threats may put businesses, investments at risk
With a growing population of over 7.47 billion people in the world and 3.48 billion internet users, a good number of people are currently exposed to cyber threats that could put huge investments and business outfit at risk.
KPMG Global Cyber Security Lead, Atul Gupta, stated this, while addressing participants during the firm’s Cyber Security conference held in Lagos at the weekend.
He stated that cyber security in Nigeria and across the globe has become a major concern to its users, especially in the areas of building a more secured and resilient technology.
According to him, there is a constantly evolving cyber threat, an indication that cyber risk is evident in everyday business operations, same way that threat in the real world has always occurred.
“Investors, government, global regulators and board members are increasingly challenging to actively demonstrate diligence in the area of cyber security. Regulators expect personal information to be protected and systems to be resilient to both accident and deliberate attacks.
“Value chain partners expect a trust worthy and transparent attack to risks. And customers expect that services are available and data is expected when stored or processed by leading organisations.”
He, therefore, stressed the need for increased drive for awareness and development of cyber security strategy in Nigeria and indeed Africa.
Also speaking at the forum, the Partner and Head, Technology Advisory, Joseph Tegbe said there is an urgent need for a secured cyber space as many organizations have begun to see that their investment in sophisticated technical solutions does not fully translate to adequate protection from cyber attacks.
According to him, Nigeria lack deep skills in areas of cyber protection, detention and response which is a major scare for the country to move forward even as the digital space continues to grow exponentially.
He pointed out that organisations that fall prey are held to ransom thereby paying heavily to these cyber thieves. Their activities in recent times have threatened government presence, economic activities and security of Nigerians and vital infrastructure connected to the internet.