Nigeria Fintech Week’s Post

Financial services are always at the cutting edge of cybersecurity, but there's a crucial aspect that often gets overlooked: the human factor. 🔐 Andrew Rose, Chief Security Officer of SoSafe, highlights a significant imbalance in cybersecurity investments. 💬 "While 90% of the #IT security budget typically goes to technology, 90% of the risk comes from human actions. It's time to rethink our approach and invest more in human-centric security measures."📊 🔍 Watch the full #interview to explore how financial services can lead the way in balancing technology and human investment in cybersecurity. 🎥 Watch the full interview here: https://lnkd.in/eTTgkX4k #Cybersecurity #FinancialServices #HumanFactor #TechVsHuman #AndrewRose #SoSafe #Bobsguide #Fintech #ITSecurity #CyberRisk #DataProtection #Innovation

The #1 thing you can do for your clients is secure their data. By optimizing data protection methods, you help protect client information against cyberthreats and unauthorized access. Methods like the 3-2-1 coined by Peter Krogh in his 2009 book "Digital Asset Management for Photographers" suggest preserving data with backups on external hard drives (2) and cloud-based services (1) i.e. TitanFile Inc. Additionally, you can implement access controls organization-wide with methods like the Principle of Least Privilege and Role-based access. Nearly 95% of all cybersecurity breaches are human error (IBM) which can be mitigated with the right practices. Share this post with your network to spread awareness. To learn more: https://lnkd.in/grHxPhTf #dataprotection #cybersecurity #infosec #statistics #dataprivacy

🚨 Cybercrime on the Rise 🚨 In 2023, global cybercrime losses hit a staggering $12.8 billion, setting a record high. With the rise of digital transformation and increasing attack sophistication, these losses are projected to soar to $23.84 trillion by 2027. The numbers are clear – the cost of inaction is far greater than the investment in robust cybersecurity strategies. Whether you're securing financial data or protecting client information, it's time to strengthen your defenses. Are you ready to combat this growing threat? #CybersecurityAwareness #CyberThreats2023 #GlobalCybercrime #FutureOfCyberDefense #Innometrix #RiskMitigation #DataBreachPrevention #AdvancedCyberSecurity #SecureDigitalTransformation #BusinessCyberResilience #ProactiveSecurity #CyberCrimeTrends #DigitalRiskManagement #StrategicCyberDefense

In recent years, the costs associated with global data breaches have increased, highlighting the direct financial impact of breaches and the growing complexity of managing and mitigating the consequences of such incidents. In a context where every detail can have significant financial implications, investing in cybersecurity is not just a preventive measure but an essential business strategy to safeguard data integrity, customer trust, and brand reputation. To comprehensively analyze cyber threats, read the DeltalogiX report 'Cyber Resilience in Modern Times.' Download the free report > https://lnkd.in/dfvEFuHH DeltalogiX is an emerging startup dedicated to deciphering the intricate dynamics that drive Digital Business Transformation. In this ambitious venture, I'm involved as an advisor. #CyberSecurity #CISO #CyberResilience #CyberCrime

This is top-secret stuff... That is why it's a private session for exclusive viewers only. But we are extending that invitation to all of you (you've just got to sign up first!) In this session, we have Jack Harrigan from the Department for Science, Innovation and Technology delivering our keynote speech around the new Cyber governance framework. Followed by Thomas Chartres-Moore and Thomas Harrison talking about law and society, standards and certifications and the multi-dimensions of great cyber governance. Don't miss this opportunity to gain valuable insights and connect with professionals dedicated to integrating ESG and cybersecurity for a sustainable future. 👉 Register now for this FREE event: https://lnkd.in/e3knwxyc #ESG #ESGStrategy #CyberSecurity #DigitalTransformation #SustainableBusiness

I recently had the opportunity to speak with Alekhbaryiah channel about a topic that is becoming more critical every day: the importance of #Cybersecurity in the #Fintech market. As financial technology continues to reshape the way we handle financial transactions, cybersecurity remains a top concern. In this interview, I discuss the key role cybersecurity plays in enhancing trust for both investors and users. With increasing threats, elevating cybersecurity as a priority at the board level and among executive management is not just a necessity, but a strategic imperative. Robust security measures are essential to protecting sensitive data and ensuring long-term growth in this fast-paced industry. #TRUSTED #FintechSecurity #DigitalTrust #Cybersecurity #DataPrivacy #Alekhbaryiah #pwc

Cybersecurity is not just a compliance checkbox—it's a critical enabler of trust and growth, especially in the rapidly evolving #FinTech sector. Our partner, Abdullah Albahdal, delivered powerful insights on the vital role cybersecurity plays in securing the digital landscape during his interview on قناة الإخبارية | Al-Ekhbariya Channel As we mark #CybersecurityAwarenessMonth, now is the time to elevate our security strategies and ensure a secure future for investors and users alike.

Ready to meet the goals set by B-13 and elevate your technology governance? Learn how FRFIs can strengthen their cybersecurity posture and maintain ongoing compliance, and how Capco can assist 👉 https://okt.to/5cqWjo Discover the latest insights into Guideline B-13, the Office of the Superintendent of Financial Institutions (OSFI) initiative designed to enhance governance for federally regulated financial institutions (FRFIs). Guideline B-13 is not just a response to increasing cyber threats—it's a comprehensive blueprint for achieving operational resilience in the digital age. #Cybersecurity #FinancialInstitutions #OperationalResilience

In the rapidly changing world of digital finance, resilience isn't just an option - it's a necessity. With the Digital Operational Resilience Act (DORA) setting new standards, are you prepared to meet the challenges ahead? Watch the full video here: https://lnkd.in/dSTkuafe #DORA #ICT #CyberSecurity #regulation #OperationalResilience | Melvin Jayawardana, CIFD

From my previous experiences in financial fraud to my current role- security is SO IMPORTANT.