‘Prolonged pandemic presenting new risks to cyber security’

Central Securities Clearing System (CSCS) has said the prolonged pandemic occasioned by COVID-19 has increased digitisation and adoption of new technologies, albeit presenting new risks to cyber security.

The Managing Director/Chief Executive Officer of CSCS, Mr Haruna Jalo-Waziri, made the remarks at a webinar organised by the company, with the theme: “Cyber Security: The Challenges We Face Today”.

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Waziri said: “As we surf the internet and connect to different applications either on our official networks or personal devices, we need to protect ourselves and our ecosystem from the rising vulnerabilities of cybercrime.”

Waziri said the conference, which was the third in the series, was timely given the increasing global incidences of cyberattacks, especially as network compromise arising from remote connections associated with work-from-home which presented new forms of cyber security exposures.

Speaking as a panelist, Chief Information Security Officer, First Bank Group, Mr Harrison Nnaji, said: “The lingering COVID-19 will lead to increased insider threat, data breaches, and series of home network or work-from-home attacks this year.”