Nigeria Takes Action Against Cyberattack Silence
Nigeria is moving to end the culture of silence around cyberattacks, pushing banks, fintechs, and other organisations to disclose breaches or at least share intelligence in the wake of rising threats
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The useful update
- Nigeria is pressuring organizations to disclose cyber breaches or share intelligence
- The call for transparency comes amid rising frequencies of cyber incidents
The stakes
- Increased disclosure can help organizations better protect themselves and share critical information
- With cyber threats on the rise, transparency can prevent isolated breaches from escalating
The next check
- Cyber incidents are becoming more prevalent, particularly affecting banks and fintechs
- Nigeria's technological infrastructure is rapidly evolving, affecting vulnerability to attacks
Where this came from
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Original report Nigeria moves to mandate organisations to disclose cyber attacks amid rising threats
Publisher: TechCabal · Published Apr 29, 12:05 pm · techcabal.com
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The short version
Nigeria is moving to end the culture of silence around cyberattacks, pushing banks, fintechs, and other organisations to disclose breaches or at least share intelligence in the wake of rising threats…
Nigeria is pushing banks and fintechs to disclose cyberattacks as threats rise, aiming to improve intelligence sharing
Kashifu Abdullahi, director-general of the National Information Technology Development Agency (NITDA), Nigeria’s tech regulator, said organisations must begin disclosing breaches, or at the very least, share intelligence, because attacks are becoming more frequent and increasi…
What happened
- Nigeria is pressuring organizations to disclose cyber breaches or share intelligence
- The call for transparency comes amid rising frequencies of cyber incidents
- Only 60 out of 163 financial institutions reported fraud incidents in 2023, showing a low compliance rate
- Kashifu Abdullahi emphasized the interconnectedness of today's cyber landscape
- Recent attacks have impacted both financial institutions and government agencies, including the Corporate Affairs Commission
Why this matters
- Increased disclosure can help organizations better protect themselves and share critical information
- With cyber threats on the rise, transparency can prevent isolated breaches from escalating
- Poor reporting rates highlight a culture of silence that can leave organizations vulnerable
- Understanding the frequency and methods of attacks can enhance national cybersecurity strategies
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Original articleNigeria moves to end silence on cyberattacks as threats rise
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Original articleNigeria moves to end silence on cyberattacks as threats rise
Image from TechCabal via the original article.
TechCabal
Original articleNigeria moves to end silence on cyberattacks as threats rise
Image from TechCabal via the original article.