In a bid to curtail the rising cases of cyber-attacks in Nigeria’s financial service sector, ActivEdge Technologies, a Pan-African IT Solutions Provider with headquarters in Lagos, alongside Fortinet, a cybersecurity platform, has announced plans to organise a symposium on how cybersecurity technologies can mitigate risk.
The financial services sector is a high-value target for cyberattacks and is highly regulated by jurisdictions around the world. Despite efforts, information technology (IT) solutions for financial services often find it difficult to move from a reactive cybersecurity stance to a proactive one.
“Ensuring cyber -attacks are minimal, is not just in providing the solution, but also in making sure the gatekeepers have access to modern technologies that can ensure safer transactions,” George Agu, Managing Director, ActivEdge Technologies said.
A survey titled ‘Financial Services Cybersecurity Survey 2021’ by one of the “Big Four” accounting organisations and the largest professional services Deloitte showed endpoint and cloud security are two of the top-of-mind challenges for financial services organisations.
While the rate of cyber-attacks is on the rise, solution companies including ActivEdge and Fortinet advise that organisations should pay attention to the current trends of the technology that they use, the capacity of the people, and the processes that are in place, by doing so, they will be able to mitigate cyber risks.
“We’ve got an end-to-end solution, like a suit, to enable you to go with us from end to end. We also have one single management console, where you manage our solutions from one platform. And that saves you a whole lot of cost, instead of hiring different people to manage different solutions,” Biodun Adewoye, Fortinet representative said.
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