The ICT Group of the Lagos Chamber of Commerce and Industry, LCCI, held its 2019 ICT Groups Symposium at the Commerce House, Idowu Taylor Street, Victoria Island, Lagos, on Wednesday, October 23, 2019with the theme; ‘Cyber Security: A Nigerian Perspective’.
It was a gathering of a cross-section of captains of industries and executives, from various fields of endeavours, who came to learn about cyber security and how to prevent being hacked online.
The President of the Lagos Chamber of Commerce and Industry, LCCI, Babatunde Paul Ruwase, FCA, welcomed the speakers, panelists and guests to the symposium and wished them a fruitful discussion.
Tope Aladenusi, Partner, Delloitte, in the first presentation on, ‘Cyber Security; A Nigerian Perspective’, noted that, insider cyber threats, are most potent and prominent, in organisations, than the external threats. “What discrete checks, did you carry out on your staff, who are going to be vested, in handling your data and capable of causing data breaches”? he queried.
On what to do, to secure oneself online, Aladenusi, listed the following measures:
- Know that, cyber threats, exists and can happen at any time. Do not live in the delusion that it cannot happen to you.
- Protect yourself with solutions that will, work for you. Different kinds of organisations require different kinds of protective solutions. Protective solutions he listed, includes the installation of anti-malware, anti-virus and the use of strong passwords.
- Deployment of security patches, as required.
Aladenusi ended his presentation, by advising that, people should always plan for cyber-attacks, to guard against them, when they are attempted. “It is not a matter of if, it is a matter of when,you will be attacked, as everyone is prone to cyber-attack”, he concluded.
In his goodwill message, Ayotunde Coker, MD, Rack Centre, he stressed that, the onus of one’s online security, lies on that person and not on any other person, because, you are to put online security measures in place and do not compromise your login details. “The person accountable for your online security is you, and not any third party”, he emphasised.
Coker, also, stressed the need to encourage organisations, to start hosting their data in Nigeria, rather than hosting them in foreign countries with those they do not know.
In a second goodwill message, Babatunde Okeniyi, MD/CEO, PayAttitude, advised the guests, to always be wary of why their information is being required online, so, they do not fall victim of online attacks.
In the second presentation, titled, ‘Global Technological Development; Where Does Nigeria Fit In?’, by Ernest Akinlola, MD, Right Instinct Ltd, he traced the history of the industrial revolutions that we have had, in the world, from the first to the fourth industrial revolution that we are in now, which is the age of Digital economy. The attributes of the Digital economy age, he noted are:
- Artificial Intelligence
- Blockchain Technology
- Cloud computing
- Digital Twins
He predicted that Nigeria will achieve some of these well by 2021, as we are not yet there in most of these things.
A panel discussion that included the trio of Tomiwa Erinosho, CTO, TownTalk, Deji Soetan, MD, Blockchain Asset Management and Ayotunde Coker as panelists and Ernest Akinlola, as moderator was, also, held, On his part, Erinosho advised organisations to focus on both internal and external risks, to counter cyber-attacks.
Soetan emphasized that organisations should embrace blockchain technology, as it is capable of minimising cyber risks. “A lot of the documentation, or, the certification, are, actually, going to be registered in distributed technology ledgers, whereby, you can verify information, instantaneously”, he stressed.
“You no longer need to know the identity of the person you’re transacting with and this is what the blockchain is going to do for you. It creates trust in a trustless environment. What you’re doing is, you’re trusting the documentation that you’re using to transact and not the individuals”, he explained.
Coker, on his part, opined that you need to train yourself and your staff on the patterns on how you can be compromised online and how to avoid these. “Be wary of clicking, or, opening suspicious mails, so, you would not be compromised”, he advised.
He, also, advised against the use of Free WiFi, as you will discover that, it is not free, if you take time to read the terms and conditions of using it. “If you must use free WiFi, use it sparingly. Do not use it to make banking or other financial transactions”, he warned.
One of the highlights of the symposium, was the presentation of four students of Federal Science and Technical College, Yaba, to the delight of the guests.
The quartet of Adetipe Ifeoluwa, Tijani Oluwatosin, Olaoye Ayobami and Nnabugwu Amarachi, demonstrated their designed prototype, the Carl 6, a motion device, for which they solicited for assistance to further develop and mass produce
Featured Image: L-R: Tomiwa Erinosho, CTO, TownTalk, Deji Soetan, MD, Blockchain Asset Management and
Ayotunde Coker, MD, Rack Centre and Ernest Akinlola, MD, Right Instinct Ltd, in a panel discussion at the LCCI 2019 ICT Group Symposium, held at Commerce House, Idowu Taylor Street, V.I., Lagos, on Wednesday, October 23, 2019
Don’t miss important articles during the week. Subscribe to cfamedia weekly newsletter for updates.