Monday, August 25, 2025
23.9 C
Lagos

CWG, ORACLE Lead Initiative on Data Security Initiative Against Cyber Threats

IT experts recently gathered in Lagos for a one day Business Technology Summit tagged “Data Security and Optimization put in place by Computer Warehouse Group (CWG), in partnership with Oracle.
The experts saw the need for Nigerian companies, especially those in the manufacturing and service sector to leverage on latest technology to protect their databases from increased data threats in view of the expected boost on the electronic means of transaction in the country.
One of the measures to be taken by the organizations was to strengthen the protection of their databases through deployment of the newest security solutions in order to protect their corporate information and clients.
Peter Boglo, Presales Consultant, Oracle pointed out that despite the current development of Nigeria into an electronic-based economy where there would be explosion of data running on electronic platforms, Nigerian banks and other organizations had not taken advantage of latest database security solutions from Oracle to protect their networks.

“With the latest and new shift in the Nigerian economy where emphasis is being placed on automation in electronic transactions, backed by Central Bank of Nigeria via its cashless economy initiative, there will be high susceptibility to increased cyber threats.”
Boglo advised businesses to leverage the newest Oracle database security Innovation named Oracle 11g, which he said would improve IT economics and business agility. He said most financial institutions in the country and other business organizations still use old version of Oracle database security solutions.
James Agada, MD, ExpertEdge Software (A CWG Company) said the purpose of the workshop was to make existing potential users of the Oracle database and the other tools that Oracle has developed to protect organizations’ information.
“If we believe that we are prone to having more attacks, as we drive further our cashless policy initiative, we should be prepared. Today, we are talking of e-commerce, e-transactions, and cashless economy, which imply that the volume and value of information that you have would increase. And because it has monetary value, the data is likely to be targeted by hackers and cyber criminals and this can rob an organization of several millions and billions of Naira.”

spot_img
spot_img

Hot this week

Businessman, Ajose, Donates Materials to APC for Continuous Voters Registration Exercise

As part of efforts to support the rulling All...

LASAA Reaffirms Commitment to Fairness, Safety, Industry Growth

Prince Fatiu Akiolu MD, LASAA Lagos State Signage and Advertisement Agency...

Fidelity Bank to Convene Strategic Panel on Export Financing at FNITCC Atlanta 2025

As part of its ongoing commitment to expanding Nigeria’s...

Polaris Bank, NCF Partner on Tree-Planting Drive to Combat Carbon Emissions in Rivers

Polaris Bank has partnered with the Nigeria Conservation Foundation...

Stanbic IBTC Bank Unveils Return of Exclusive Save and Enjoy Promo Season 2

Stanbic IBTC Bank is once again raising the bar...

Topics

Yetunde llori, 52nd CIIN President Unveils 4-Point Agenda

Mrs. Yetunde llori, the 52nd President/Chairman of Council, Chartered...

MTN, Seacom Lead Africa’s Future Digital Infrastructure Tech

Digital and Broadband infrastructure investment is clearly one of...

RSIPA Forum Seeks Single Tax Window, Partnerships to Drive Growth in Rivers State

Dr. Chamberlain Peterside, Director-General, Rivers State Investment Promotion Agency...

CSW2022: African Alliance Fulfils N6.65bn Claims to Customers in Q3

African Alliance Insurance Plc has demonstrated her commitment to...

TRENDS IN TALENT ACQUISITION FOR 2020

The hiring market has changed dramatically over the last...

GAIM 6: Fidelity Bank Unveils 20 New Millionaires in 7th, 8th Monthly Draws

L-R: Regional Bank Head, Lagos Central, Fidelity Bank Plc,...

Sovereign Trust Insurance Reports N687m Profit in 2020, Up 37%

Mr. Olaotan Soyinka Managing Director/CEO Sovereign Trust Insurance Plc In spite of...

Boeing, Qatar Airways Ink $18.6bn 100 Aircraft Deal

Boeing and Qatar Airways announced an order for 30...
spot_img

Related Articles

Popular Categories

spot_imgspot_img