According to Ade Odutola, an IT professional, cybersecurity safeguards are a necessity for public and private institutions in Nigeria to protect the confidentiality, integrity and availability of business resources.
Odutola, Managing Director and Chief Executive Officer of Solvitur Systems, an award-winning IT consulting firm specializing in cybersecurity, IT risk management, privacy, data protection and cloud computing, explained that cybersecurity encompasses a set of processes and technology solutions to protect critical IT resources from malicious attacks.
“A mature cybersecurity posture reduces the organization’s risk of data theft, business disruption or reputational damage. In an age of increasing cyber warfare, cyber terrorism and hacktivism, cyber security safeguards are becoming an increasing imperative for both public and private institutions in Nigeria,” said Odutola, whose firm is currently working with one of the country’s largest public sector institutions.
However, he warned that companies shouldn’t wait until they experience a data breach to take steps to increase their security.
Odutola, whose IT company is based in the US, pointed out that no system is completely secure against cyber attacks and advised public and private institutions in Nigeria to develop cyber resilience.
According to him, this is “the ability to withstand a cyber attack without significant impact on business operations”.
“Enterprises shouldn’t wait until they discover a data breach to take steps to improve their security. Good cyber hygiene measures should be ‘baked into’ all processes and solutions from the start, it shouldn’t be an add-on.”
Speaking of the dangers of a hack, the IT guru, whose company was shortlisted by US-based Morgan Stanley Global for its educational program, said there are a number of risks if a hack occurs, and “many of it with dire consequences. ”
“First, a hack leads to inappropriate disclosure of personally identifiable information (PII)/protected health information (PHI)/protected financial information of your employees and customers. Others are that it results in “damaged company reputations”, inappropriate access to sensitive systems, and identity fraud. Hackers steal money, credit card numbers, or bank details from employees and customers, and then maliciously use company information.”