Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has partnered with Thales, a global leader in digital and data security solutions, to launch CipherTrust Data Security Solution.
This state-of-the-art data security solution is designed to protect organisations against data breaches and cyber threats, ensuring solid protection targeting the growing and dynamic security needs of businesses.
Launched at a recent Customer Engagement Forum at The Wheatbaker Hotel in Lagos, the event gathered Chief Information Security Officers (CISOs), Chief Information Officers (CIOs), and Compliance and Risk executives from diverse industries such as commercial and microfinance banks, as well as fintech companies,
The forum featured expert-led discussions and presentations on the latest trends in data security, the growing threats facing businesses, and strategies for enhancing organisational defences.
In his keynote address, Tyoyila Aga, vice president of Financial Services at Interswitch Group, emphasised the key function of advanced technology in safeguarding data. He stressed the importance of compliance and collaboration within the data security industry.
“Our partnership with Thales exemplifies our commitment to leverage cutting-edge technology to protect our clients and partners. Regulatory frameworks around data security are becoming increasingly stringent, and organisations must ensure they are in full compliance to avoid penalties and protect their reputation.
The CipherTrust Data Security platform is designed with these challenges in mind, offering comprehensive compliance features that make it easier for organisations to adhere to local and international regulations. Keep in mind that data security is a collective responsibility and it requires collaboration across industries, sectors, and borders,” Aga said.
He asserted that the data security solution combines Interswitch’s expertise in payment solutions with Thales’ advanced data security capabilities, providing unparalleled protection for organisations’ sensitive information.
“This platform offers a comprehensive suite of tools, including advanced encryption, key management, and access controls, to safeguard sensitive data across all environments, whether on-premises, in the cloud, or hybrid.”
Demonstrating how the CipherTrust Data Security Solution works, Neil Cosser, regional sales director for Africa, Thales Group elaborated on the practical applications and benefits of the CipherTrust Data Security Solution to businesses.
“The CipherTrust Data Security Platform is a game-changer in data protection. By leveraging advanced encryption, technologies, multi-factor authentication, and sophisticated fraud detection systems, the data security solution is designed to protect sensitive data and ensure that only authorised users can access it.
By continuously updating these technologies, we can stay ahead of cyber threats and provide a secure environment for digital transactions,” he said.
In a fireside chat, Cosser said that Thales offers a robust security framework that ensures sensitive data is secure and organisations retain full control and transparency over their information, no matter where it’s stored.
“The CipherTrust Data Security Platform represents a new era in data protection. With CipherTrust, businesses can confidently leverage their data’s full potential, while we handle the complexities of securing it,” he said.
He further stated that beyond data security, the solution can amplify business capabilities, streamline operations, and enable informed decision-making, driving innovation, competitiveness, and sustainable growth.
Interswitch’s partnership with Thales is a forward-thinking approach to creating a more secure digital ecosystem and transforming the Nigerian security sector.
This collaboration goes beyond technological progress, pointing to a focus on protecting data integrity and strengthening the security framework for businesses nationwide.
Both companies are working to deliver innovative solutions that enable organisations to operate securely in an increasingly digital world.
