The Chief Executive Officer of Teledom Group Dr. Emmanuel Ekuwem, Tuesday cautioned internet users against unprotected online security in the present era of digital economy.
He told the News Agency of Nigeria (NAN) in Lagos that internet users need to protect their online transactions against security loopholes that could expose their transactions to cyber vulnerabilities.
Ekuwem, the former President, Association of Telecoms Companies (ATCON), urged governments and private bodies using web services to ensure they install security solutions on their computers.
According to him, tighter security solutions will reduce cyber threat, which is a global problem.
"The greatest security threat facing governments and private bodies using the web service is lack of preparation for the increasing cyber threats," he said.
The expert said that continuous leak of users information was a serious infringement of the rights of internet users and threatened Internet safety.
Ekuwem urged the National Assembly to be hasty with the passage of the security bill before them.
He said that the latest Symantec Internet Security Threat Report had moved Nigeria six positions up the ladder to now occupy the 59th position globally among countries with the greatest internet security threat.
According to him, this is more important with Nigeria gradually transiting from cash to an electronic based economy by virtue of the implementation of the CBN's cash-less policy.
"Cyber criminals, who attack businesses and individuals across the globe, can re-direct their energies to exploit vulnerabilities in the electronic payment system in order to perpetuate fraud," he said.
Also, Mr Peter Ejiofor, a Lagos-based Internet security expert, said there was need to increase internet security solution to mitigate cyber crimes.
Ejiofor expressed concern about Nigeria's rising cyber crime profile, especially with the delay in passing into law, pending bills aimed at criminalising the acts.
He said that the days of depending on only anti-virus software to keep computers safe were over, noting that internet was constantly changing and hackers were also changing techniques.
"When you use multiple security measures throughout your network, the overall security is much stronger," Ejiofor said.
He advised computer users to implement stronger security measures to protect their cherished online data.