In an era dominated by digital transformation, Nigeria is witnessing a significant shift towards recognizing and prioritizing data privacy. As technology continues to reshape the landscape of business, communication, and governance, the need to safeguard personal information has become more crucial than ever. The emergence of data privacy as a trend in Nigeria reflects a […]
Why is risk management important? Risk management is the process of identifying, assessing, and controlling financial, legal, strategic, and security risks to an organization’s capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents, and natural disasters. If an unforeseen event catches […]
Companies today handle a lot of data. If that sounds familiar, you probably struggle with the feeling of data overwhelm: Having so much data, you don’t have a good idea about all the types you have or where it comes from. You may get it from data lakes, SaaS systems, data processors, or third-party sources. […]
Risk lurks behind every decision and action in the business world. The possibility of unexpected outcomes and undesirable effects is a constant shadow that decision-makers must face. How do they navigate the fear of the unknown and the absence of certainty? The answer lies in risk management. Risk management is a proactive approach to identifying, […]
Account Takeover Fraud (ATO) attacks have doubled in the past 2 years. Fraudulent logins account for more than 65% of fraudulent activities in the Nigerian financial ecosystem (Nibbs, 2019). Credential stuffing attacks are at all-time highs, costing the banking industry well over N15.5 billion over the past 4 years (StearsBusiness, March 2022). A majority of […]
In the last three years, AI-driven fraud detection and prevention has become increasingly prevalent in the financial ecosystem. A high total of thirty-three thousand, six hundred and forty-one (33,641) cases of fraudulent activities were reported in the second quarter alone of 2021 (NIBBS second quarter fraud report,2021). Although there has been a 43.41% decrease in reported fraud […]
Today’s consumers are increasingly concerned with protecting their personal data. Additionally, customers also demand more personalized experiences. Consent management platforms (CMPs) are used by companies to legally document and manage a user’s consent choices prior to collecting, sharing, or selling user data from online sources such as websites and apps that use cookies, embedded videos, and other […]
In today’s technology world, computers and computer networks are attacked in attempts to expose, alter, disable, destroy, steal or gain unauthorized access to or make unauthorized use of an asset, these attacks are referred to as a cyber-attack. And it is any type of offensive maneuver that targets computer information systems, infrastructures, computer networks, or […]
*Bags two awards at BOICT ActivEdge Technologies, a leading Pan-African Information Technology company is in a harvest of awards both locally and internationally during the month of April. The technology company was recently honoured and recognised by F5 Networks Inc., a United States based company and global leaders in Application Delivery Networking as a Rising […]