On Monday, 4th June 2018, the 2017 Nigeria Cyber Security Report was launched at Oriental Hotel, Victoria Island, Lagos. This is the second edition of the Nigeria Cyber Security Report. This launch was by Demadiur in partnership with the E-Payment Providers Association of Nigeria (E-PPAN) and Serianu Limited Kenya. The presentations and deliberations gave new insights on how Cyber Security challenges can be tackled.
The report contains various articles on Home Security, Cyber Intelligence, Cyber Security trends, and Industry risk ranking, by various contributors. The theme of this edition is “Demystifying Africa’s Cyber Security Poverty Line”.
Mr. Ikechukwu Nnamani, the President Demadiur, during the presentation of the report, explained on the need to fortify the home front. There is the need for local expertise in curbing cyber security threats. From the survey conducted to produce the report, he stated that over 90% of African businesses are operating below the cyber ‘security poverty line’. Operating below the cyber “poverty security level” means that most organisations, especially the SMEs lack the basic ‘commodities’ that would assure them of the minimum security required.
This should not be of any surprise to many. Security is usually placed at the back burner. Most organisations, especially the SMEs lack the required manpower, skills, resources and funding to protect, detect and respond to security challenges. Cyber Security is entirely at a different level and demands more resources and skill to combat.
As cyber-attacks evolve, we need to prepare organisations to combat the attacks. Organisations need to develop proactive cyber security posture and strengthen overall risk. The 2017 Nigeria Security Report gives more insight of the current security levels, challenges and mitigating factors.
I seize this opportunity to congratulate the various contributors to the report, from various organisations including the Nigeria Communications Commission (NCC), Police Special Fraud Unit, Lagos, Association of Telecommunications Companies of Nigeria (ATCON), E-Payment Providers Association of Nigeria (E-PPAN), Central Bank of Nigeria, Nigeria Internet Registration Association (NIRA), Sterling Bank Plc, Serianu Limited, ESET, Consultancy Support Services Limited, FirstBank Nigeria, Digital Encode,etc.
We appreciate all that the various organisations and individuals are doing to ensure the safety of Nigerians and others in the cyberspace.