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Stakeholders at Cyber Secure Nigeria 2021 call for steps to mitigate cyber threats

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Cyber Secure Nigeria 2021
L-R Suleiman Jijiwa, the EFCC Acting Head of Department, Cybercrime Section, Lagos Zone, Remi Afon, President, CSEAN, Olatunbosun Alake, Special Adviser to the Lagos state Governor, Innovation and Technology, Ben Llewellyn –Jones Obe, British Deputy High Commissioner, Engr. Haru Al-Hassan, Head of department at NCC

Cyber Security Experts Association of Nigeria (CSEAN) along with other stakeholders in the country has spoken on the solution to cybercrime in the country. 

The experts, at the Cyber Secure Nigeria conference 2021 organised by the CSEAN, identified areas of common interests and proffered inter-workings on ways to tackle the crime.

Speaking on Wednesday at the two-day event with the theme: “The Future of Cyber Security in Nigeria’s Digital Transformation”.  Remi Afon, the president of the association said experts estimate that a ransomware attack will occur every 11 seconds in 2021.

Cyber Secure Nigeria

Remi Afon, President, CSEAN, presenting an award to , Ben Llewellyn –Jones Obe, British High Commissioner during Cyber Secure Nigeria conference 2021

“Ransomware damages are envisaged to cost the world $20 billion this year according to Cybersecurity Ventures.

“In the last few months, there has been an astronomical increase in ransomware attack worldwide and there is no sign that this will reduce in the next foreseeable future.

Afon was, however, optimistic that the conference would invoke a collaborative effort, an assembly of cybersecurity industry practitioners, business owners, academia, industry, government, military to tackle cybercrime.

In his speech, Major General Babagana Monguno (rtd), the National Security Adviser (NSA), declared that efforts must be made to tackle the menace.

Monguno who is represented by Brigadier General Samad Akisode, Director of Communications, Office of the National Security Adviser (ONSA), said there is a National Cyber Security Policy and Strategy roadmap document to address emerging threats in the cyber domain and enhance progressive use of cyberspace by Nigerians.

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The NSA noted that President Muhammed Buhari has charged the ONSA to coordinate the efforts of all stakeholders across various sectors of the Nigerian economy towards effective implementation of the document.

Also, Babajide Sanwo-Olu, Lagos State Governor, represented by Olatubosun Alake, the Special Assistant on ICT, said efforts must be put together to ensure the Nigerian space is safe and secure.

 

CSEAN

Remi Afon, President, CSEAN, presenting an award to Olatunbosun Alake, Special Adviser to the Lagos state Governor on ICT during Cyber Secure Nigeria conference 2021

Commenting on the rate at which cybercrime is committed in the country, Abdulrasheed Bawa, Chairman of Economic and Financial Crimes Commission (EFCC), said at September 2021, 80 per cent of its 978 convictions were connected to cybercrime and cybercrime related offences.

Bawa, represented by Suleiman Jijiwa, the Acting Head of Department, Cybercrime Section, Lagos Zone, said it has resolved to leave no stones unturned in ensuring the menace is reduced to the barest.

According to him, “Cyber security experts believed that financial damages and losses will reach Six Trillion Dollars ($6, 000, 000, 000, 000.00) by the end of this year. Studies have shown that cyber attacks are among the fastest growing crimes across the globe.

This rise was triggered by the huge financial gains on the side of the perpetrators. That is why it is not surprising that the cyber security expert predicted that before the end of 2021, there will be a cyber attack incident in every 11 seconds, this is nearly twice that of the year 2011 which was every 19 seconds.

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Equally, Cyberattacks in general causes a huge financial loss to the victims. Research has shown that cybercrime cost business, government agencies and consumers more than $1 Trillion ($1, 000, 000, 000, 000.00) in 2020.

This is around one percent of the global GDP, while about $945 Billion was lost to cyber incidents; $145 Billion was spent on cyber security. This cost keeps on increasing yearly.

 

 

 

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