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Home Business Security

Best Practices for SMEs and Enterprises in Nigeria | by Chukwuka Onwubolu

…Staying Ahead of Cyber Threats with AI and Machine Learning

by Techeconomy
August 7, 2024
in Security
0
Chukwuka Onwubolu for SMEs and ventures
Chukwuka Onwubolu

Chukwuka Onwubolu

UBA
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Cybersecurity has emerged as a top priority for businesses of all sizes in an era when global digital transformation is accelerating. For Nigerian SMEs and ventures, the stakes are especially high, as cyber threats keeps reoccurring.

Cybercriminals are getting craftier daily. Phishing emails, intended to fool customers into divulging private information, are getting more and more convincing. Ransomware attacks, in which hackers lock down your data and demand a ransom to unlock it, can cause operational disruption and leave the business in a bind. Data breaches, reveal private customer information and can undermine confidence and harm any business.

By understanding the risks and implementing cybersecurity best practices, entrepreneurs can readily safeguard themselves and their clients. Businesses can mitigate the risk of cyberattacks and safeguard their operations by investing in cybersecurity solutions.

Unprecedented capabilities for detecting, preventing, and responding to cyber threats are provided by the incorporation of Artificial Intelligence (AI) and Machine Learning (ML) into cybersecurity practices. These are more than simply a technological breakthrough. AI and ML provide tools for businesses to stay ahead of cybercriminals by revolutionizing the ways in which threats are identified, anticipated, and countered. In today’s digital world, these technologies’ advantages—increased consumer trust, cost-effectiveness, scalability, and efficiency—are priceless

The benefits and potential applications for Nigerian businesses, as well as examples of efficient AI-powered cybersecurity tools, are examined by me in this article.

AI and ML are revolutionizing cybersecurity by enabling frameworks to learn and adapt to new threats in real-time. These innovations can examine immense measures of information to identify patterns and anomalies that might indicate a cyberattack. AI and ML technologies have the unique ability to process vast amounts of these data at incredible speeds, and make decisions with minimal human intervention. These capabilities make them particularly well-suited for enhancing cybersecurity in several ways.

Secondly, when a cyberattack happens, AI-powered systems can rapidly analyze the situation, isolate the affected systems, and contain the threats. This quick reaction can limit harm and speed up recovery efforts.

Thirdly, for Nigerian SMEs, which often lack the resources to invest heavily in cybersecurity, AI and ML offer a compelling solution. Advanced security measures can be implemented in an accessible and cost-effective manner through AI services hosted in the cloud. These services can protect SMEs from a wide range of threats, including phishing, ransomware and malware.

Examples of AI-powered cybersecurity platforms include; Security Information and Event Management (SIEM) systems, Endpoint protection platforms (EPPs), User and entity behavior analytics (UEBA) and Incident response platforms. The integration of AI and ML into cybersecurity is not just a technological advancement; it is a necessity for Nigerian SMEs and enterprises aiming to protect their digital assets.

In conclusion, though machine learning (ML) and artificial intelligence (AI) have enormous potential, it is essential to acknowledge that they are not a sliver bullet.  Human expertise remains crucial in mitigating and preventing cyberthreats. A mix of tech and human intelligence remain the best way to deal with issues that may arise. Training employees on how to identify phishing emails, use secure passwords, and protect devices should be provided to employees. These trainings can help raise awareness about cyber threats and how to prevent them.

About the Author

Chukwuka is an enthusiastic and high-achieving cloud professional with years of experience in cloud computing, cybersecurity, and IT infrastructure management. He is passionate about leveraging technology to drive innovation and growth, particularly within Nigeria’s cloud computing sector.

He is also dedicated to revolutionizing how businesses operate by providing tailored cloud solutions that enhance sales, security, and productivity.

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Tags: Endpoint protection platformsEPPsmachine learningSMEs and venturesUEBA
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