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‘Nigeria’s financial data prone to attack’

The Managing Director of Arit of Africa, Ronke Okeremi, has said financial data is the most prone to cyberattack in the world.

She, therefore, urged business owners in Nigeria to carry out regular vulnerability assessment on their infrastructure to determine threat areas.

Arit of Africa is one of the oldest Information and Communication Technology firms in Nigeria.

Okeremi described cyberattack as any risk of financial loss, disruption or damage to the reputation of an organisation, which may arise from some failures of its Information Technology systems.

While explaining that identity theft had become rampant, she advised Nigerian organisations that store identity and financial data to “be on the alert.”

Okeremi also highlighted the importance of information security system, saying, “What is crucial to all organisations is to protect their information and conduct businesses.”

She said, “If the United States of America can be hacked despite its sophisticated global technology fame, then no country is safe.”

Okeremi, therefore, advised that businesses should engage in frequent and proactive vulnerability assessment on their infrastructure in order to determine threat areas.

“There are solutions that offer early warning threat signals, which aim to provide alerts on incoming threats, shutdown and remediate for prevention. These solutions come at a cost to implement but would, however, prevent firms to a large extent from cyberattacks,” the Arit Africa MD said.

She added that the importance of information security was to protect companies’ ability to function, enable the safe operation of applications implemented on the organisation’s IT systems, protect the data that establishments’ collect and use, and to safeguard the technology assets in the organisation.