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.”