Fidelity bank card banner Camano banner
Why hackers target financial data of banks — Expert

By News Express on 06/02/2019

Views: 1,390

•ICT expert Ronke Okeremi
•ICT expert Ronke Okeremi

An information communications and technology ICT expert has advanced reasons why financial data of banks is the most prone to cyber-attacks in the world. The expert, Ronke Okeremi, Managing Director and CEO of Arit of Africa, described cyber attack as any risk of financial loss, disruption or damage to the reputation of an organisation

She said that identity theft has become rampant, and advised all and sundry, particularly banks and other financial institutions, to be watchful as financial data is the most attractive likely to be attacked. She said that they should to execute regular vulnerability assessment to determine areas of threat imploring managers of financial and non-financial organisations to improve the levels of cyber security awareness as any organisation can be attacked at some point in time.

Ronke Okeremi implored organisations to be aware of real and perceived cyber threats and that financial institutions should put in place measures that would allow them to swiftly deal with all or any potential attacks.

“There are solutions that offer early warning threat signals which aims 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 cyber-attacks,” she said.

She added that the importance of information security is to protect the 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.

“Information security,” she said, “is crucial to all organisations as it will protect their information and assist them to adequately conduct their businesses. Information security is defined as the protection of information and the system as well as hardware that use, store and transmit that information.

“Businesses should carry out frequent and proactive vulnerability assessment on their infrastructure in order to determine threat areas. There are solutions that offer early warning threat signals which aims to provide alerts on incoming threats, shutdown and remediate for prevention. These come at a cost to implement but would however prevent organisations to a large extent from cyber-attacks.

“It is important for businesses to safeguard sensitive financial information, services and products. This further protects their internal and third-party customers from theft, email-borne viruses, worms, trojans, spyware, malware and phishing attacks.”                                                      

Source News Express

Posted 06/02/2019

 

 

CLASSIFIED ADS

 

You may also like...
Nigeria’s TOP 10 Songs

Nigeria’s TOP 10 Songs

Lack of regular sex can lead to mental...

Star actress Ronke Oshodi battles mosquitoes over facial...

Davido abandons dancing Senator uncle?

Duncan Mighty checks out?

Man kills his mother, makes love to her...

Popular musician slumps during meeting, dies

Buhari, Osinbajo, Oshiomhole sing for Nigerians at Christmas...

Today na today

Single and Still Searching: Nollywood’s most eligible spinsters...

Annie Idibia’s love letter intercepted

 

NLNG Job Vacancy

CBN banner advert

UBA Wise Savers Promo

 

ICT Monitor
Latest News NCC facilitates spectrum infrastructure to boost broadband penetration Vodacom concludes 2019 Annual Inter-School Robotics Training Workshop ATCON, ALTON, others call for Executive Order to stem multiple taxes NCAA shelves destruction of over 7,000 telecom masts National Broadband Conference rescheduled Huawei: US blacklist will harm billions of consumers Switch launches App that eliminates transaction fee on transfer NCC, internet groups synergise to enhance Internet Governance in Africa Nigerian team excels in China global ICT competition ATCON’s 5th Telecom Executives, Regulators Forum holds July 11, 2019 Airtel wins award for contributions to economy, job creation NSE clears MTN for listing in Nigeria

 


Most Read Panic in White House after man sets himself on fire (1,565 views) ATCON holds symposium on post-Nigeria National Broadband Plan (1,439 views) Adopt technologies in future elections, ATCON urges FG (1,423 views) Why hackers target financial data of banks — Expert (1,390 views) Glo signs deal with Nokia Alcatel-Lucent •Bella Disu, Patrick Pouyanné, Aliko Dangote, 147 Global CEOs attend Choose France Summit at Château de Versailles (1,347 views) NCC commends Airtel; says broadband penetration now 33% (1,293 views) Huawei: US blacklist will harm billions of consumers (1,241 views) Airtel Nigeria launches 0901 number range (1,230 views) Switch launches App that eliminates transaction fee on transfer (1,189 views) Axiom Tech launches Petro-App (1,186 views) Airtel Touching Lives invites nomination of beneficiaries for fifth edition (1,181 views) Neglect of internet speed leaves Nigeria at 107th position (1,179 views)

 

Africa Media Agency and Al Jazeera