Monday , October 18 2021

Nigeria loses N127 billion to cyber attacks yearly



The Cyber Security Experts Association of Nigeria (CSEAN) has estimated that Nigeria loses about N127 billion to cyber attacks yearly.

The National Information Technology Development Agency (NITDA) boss, Isa Ibrahim Pantami disclosed this at an event Abuja.

According to him, “this is caused in part by our inability to adequately secure our Information Systems. Therefore, securing our information systems is a must if we want to guarantee the safe delivery of our services.

Pantami noted that the proposed Guidelines for Information Systems Audit by the Agency is one of the tools to guarantee this safety in Nigeria.

He said since coming to office, NITDA, under his leadership, has come up with a number of subsidiary legislations and regulations to enhance the productivity of the industry.

“For instance, in 2019 alone, I had launched and signed off five regulatory instruments and we have presented five additional documents to stakeholders for inputs and contributions.

“All these instruments were issued to address various challenges facing us as a nation,” he said.

Speaking at the event, Pantami clarified that the acquisition of technology-driven solutions has continue to drive growth in the public and private sectors have continued to increase in Nigeria.

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Mr Ibrahim said the two new regulatory documents will help in addressing some of the challenges.

“The Nigerian Software Testing Guidelines (NSTG) is developed on the premise that mitigating software vulnerability risks through the promotion of structured software testing practice for safety and quality of software development will create the enabling environment for growth of the indigenous testing sector in Nigeria,” he said.

In his review of the guidelines, Churchill Aribodor, an IT consultant, said the regulations developed by the agency are needed to tackle “the dark side of ICT”.

He said the new regulations will ensure tightened security, provide confidentiality and protect data systems from havoc.

Mr Aribodor said the news internet security guidelines will provide an improvement on the level of information security, avoidance of improper information security, ensure effective of control and safeguard access, and maintain key data and system attributes.


About Bukola Olanrewaju

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