Nigeria: Financial Institutions and Challenges of Cyber Crime

New voices may have been added to the global campaign against the growing threat of cyber crimes on financial institutions, even as experts have prescribed the adoption of asset-based approach as a foil to the menace.

According to experts, in a report from the Global Trade Review (GTR), the traditional all-in-one Information Technology (IT) approach is no longer working and financial institutions should instead, build IT systems tailored specifically to each asset class on their balance sheet, giving priority to the most lucrative ones.

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