According to him, Cyber threats and attacks are becoming commonplace, sophisticated and damaging. Governments, organisations and individuals are faced with an evolving complex threat landscape. State and non-state actors are capitalising on vulnerabilities to launch attacks.
The global cost of cyber crime will reach $6 trillion by 2021, a threefold increase from the 2015 estimate of $3 trillion according to Cybersecurity Ventures. Unfortunately, over 80% of organisations and government agencies in Nigeria believe that since they have not suffered a major cyber-attack, there is no need for security to be implemented in their business plan.
He said that A recent report by Kaspersky shows that North Korean hacking operation linked to Lazarus group targeted banks in 18 countries of which Nigeria was among the targets. Clearly, this has shown that Nigeria is not immune to cyber threats. The vast scope of Cyber threats we face today makes a compelling case for legislation that will compel organisations to have minimum cyber security controls in place and also mandate them to make full disclosure once they are breached. This will assist the nation in understanding attack vectors we face and aid security experts in implementation of adequate security controls.
Cyber Security Experts Association of Nigeria (CSEAN) is a non-profit organisation composed of Information Security Professionals in Nigeria and Diaspora, recognising the need for unified effort and framework across board to tackle Cyber Crime. Cyber Security Experts of Nigeria (CSEAN) was established as an advocacy group to galvanize the movement and development of Information Security in Nigeria.