Cybersecurity is crucial in securing critical national infrastructure such as power grids, communication networks, and financial systems, Cybervergent Chief Executive Officer and Co-founder, Adetokunbo Omotosho, has said.
This is because a cyber-attack on these infrastructures can affect a country’s stability and well-being, he argued.
In a statement, he disclosed , “Cybersecurity is closely tied to the economic health of a nation. Successful cyber-attacks can disrupt national activities leading to economic losses and potential job cuts.
“Constant monitoring and analysis of cyber threats provide valuable intelligence for national security agencies. Collaboration between the public and private sectors is crucial to sharing threat intelligence and responding effectively to emerging cyber threats. In essence, investing in robust cybersecurity measures is an investment prosperity.”
According to him, the Nigerian financial sector recorded huge losses to cybersecurity breaches in 2022. This, Omotosho, noted underscores the urgent need for the business community and other industries to build a robust cybersecurity solution and resilience to manage future losses.
He highlighted that in today’s data-driven world, prioritising cybersecurity demonstrates a commitment to protecting customer data, fostering trust, and maintaining a positive brand image.
He argued, “Many industries have stringent regulations regarding the protection of sensitive information. Cybersecurity measures ensure compliance with these regulations, avoiding legal consequences and financial penalties for organisations found wanting.
“As businesses embrace digital transformation, cybersecurity becomes an enabler for innovation. This is because secure digital platforms and emerging technologies empower organisations to explore new business models and stay competitive.”
Omotosho noted that cybersecurity was not just a defensive measure but a strategic asse ..
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