25 June 2014

Nigeria: Winigroup, Checkmarx Urge Banks to Collaborate Over Cybersecurity

GLOBAL leading IT solutions provider, WiniGroup Limited, has advised Nigerian banks to collaborate on cybersecurity to tackle the increasing cyber-attacks on their networks.

The organisation stressed that cyber fraud is growing and banks should not take it lightly. This is particularly so with the ongoing cash-less policy from the Central Bank of Nigeria (CBN).

According to the Vice chairman,WiniGroup, Tim Akano disclosed, during a workshop organized by WiniGroup Limited in partnership with Checkmarx, Israel's leading Static Application Security Testing (SAST) developer for Nigerian banks and telecom operators in Lagos that they must protect their critical infrastructures from going down through cyber-attacks targeted at security glitches in their application / coding development efforts.

Akano said WiniGroup exists to bridge the technology divides between the West and Africa leveraging on cutting-edge software and hardware solutions to drive cost southward, eliminating wastes and grow revenue for its clients in Africa.

According to the Business Development Manager of Checkmarx, Shahar Alon said collaboration should be part of the lifecycle of any pprofessional in charge of all aspects security framework or any organization noting that it will be a natural response of industry to understand that in order to survive chief information officers (CIOs) would have to collaborate. "If a bank in Nigeria falls, it is going to affect all other banks.

He noted it is not a specific problem of one bank, once the community understands they are in this together, they need to make sure that all banks, all businesses, all e-payment companies are secured. He said it is the responsibility of all to collaborate noting that as the years come, the challenges will grow while those who refuse will be left behind with no collaboration to function in a group in the cyber battlefield, he said,

"We recognize Nigeria as the giant of Africa, we recognize the economic development of Nigeria in recent years and we know the future will bring a lot of opportunities to the Nigerian market. One thing Nigeria must deal with is make sure it preserves a reputation of secure environment for businesses to operate in.

In his words, cyber is a critical aspect of this reputation because if banks and businesses are not able to operate securely it will affect the whole economy. He said making they are secure from a cyber-point of view is an essential stage Nigeria will face for the years to come. "We feel that there is a big realization among businesses in Nigeria for the need to have secure development and make sure any application and software is secure from any vulnerability.


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