Monday, September 8, 2025
27.6 C
Lagos

ISSAN Caution Banks, Other Financial Institutions on Rising Cyber Attacks

The Information Security Society of Africa – Nigeria (ISSAN), a not-for-profit organisation dedicated to the protection of Nigeria’s cyberspace has called on banks and other financial institutions in the country to embark on deliberate efforts to train and retrain their employees to spot cybersecurity red flags.

This development according to ISSAN, will help check and reduce the rising wave of cyber-attacks in the country.

Speaking at its monthly meeting recently, ISSAN’s President, Dr. David Isiavwe advised organisations to enforce the use of approved connections and devices, stressing that clear protocols must be established with clients, and that they create necessary awareness and sensitize their suppliers as customers.

“Sustainability and profitability of businesses, especially financial institutions now depend heavily on how much these organisations can keep cyber thieves from exploiting their assets and information systems as well as the resilience of systems. We have seen how daring the cybercriminals could be, targeting data of organisations and individuals. Over the past few weeks, we saw different kinds of digital frauds as well as attempts by the bad guys to take advantage of unsuspecting victims. Early vulnerability remediation, continuous awareness, trainings and layered security remain key to strengthening every organisation’s security posture.”

Dr. Isiavwe who is also a General Manager at Ecobank Nigeria further emphasised that banks and other organisations must be proactive in risk identification and mitigation, adding that artificial intelligence, machine learning and robotics are also important to check cyber-attacks.

Local and foreign cyber security experts also made presentations at the ISSAN monthly meeting which is basically to review happenings in cyberspace and to take stock of what went wrong and possible solutions. ISSAN provides a platform for information, collaboration and exchange of ideas on cyber security.

spot_img
spot_img

Hot this week

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

Organic Solutions Targets 25, 000 Clients, Empower 5m Trainees in 5 Years

Mrs. Gloria Agudiegwu, Managing Director/CEO of Organic Solutions Nigeria...

Ford Unveils SHE-MOVES Empowerment Programme in Lagos

Ford has officially launched SHE-MOVES (Strengthen Her: Mobilising Ventures...

PAPSS Hosts Inaugural Bank CEOs Consultative Forum

  Promoters of the Pan-African Payment & Settlement System (PAPSS),...

Gartner: $11.4bn Mobile Advertising Revenue in 2013

­Worldwide mobile advertising revenue is forecast to reach $11.4...

Emirates Fetes Children to Film Show on May 27

Emirates added fun to the 2018 children’s Day by...

Paylater, Credit Mobile App in Nigeria Tops 1m Customers

In Nigeria, a country of nearly 200 million people,...

Zenith, Access Lead Banks’ N298m Print Ad Spend in July 2021

P+ Measurement Services, Media Intelligence and Performance Audit reports in...

Union Bank Partners JAN to Impact over 300 Girls 

As part of Junior Achievement Nigeria’s vision of inspiring...
spot_img

Related Articles

Popular Categories

spot_imgspot_img