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ESET Security Day 2021: Stakeholders Call for Increased Attention on Cyber Threats to Businesses
Enterprises are facing increasing threats which call for improved security tools that can be smoothly integrated into increasingly complex and diverse networks and critical infrastructure, and on the other, rapidly mounting competency from malicious actors.
Olabanji Soledayo, the marketing and retail sales manager at ESET Nigeria
This was the unanimous view of speakers at ESET Security Day 2021 held in Lagos recently.
The experts believe that to further address this in a comprehensive manner, businesses must deploy Endpoint Detection and Response (EDR) to ensure their entire platform is now secured.
The speakers also opined that both government and private sector operators must not neglect to secure the third-party data in their possession and should comply with data protection regulations.
Mr. Olufemi Ake, Managing Director, ESET West Africa (Anglophone countries), said that the conference held since 2011 aimed to educate subscribers and partners in West Africa on most issues that are currently trending around cybersecurity threats.
“We also viewed ESET Security Day 2021 to get closer to our subscribers and prospective customers. We also learned from them as they shared experiences in the corporate world in respect to security”, he said.
Speaking on ESET’s strides to protect its users from the rampaging cyber traitors, he said that with one billion users protected by ESET it is a great testament to the robust solutions and legacies products the company has built over the three decades ago.
“We have over a billion users that we secure globally currently. If you consider the fact that we have an agreement with Google to secure the backend of Chrome, you can deduce that with the number of Google Chrome users that amounts to over half a billion. So, we make bold to say that we have over one billion people that trust us to secure their devices. We are excited about this.
While addressing the customers in the West African region cutting across individuals, government, and private sector, he said that it is imperative for them (customers) to comply with privacy and security regulations.
“Like one of our speakers said, there has been debate about security and compliance, which one comes first. I would say that security should be considered first. Obviously, if you are not secured you can’t comply with set rules. All businesses in Nigeria and West Africa in general should value the third-party data in their domain. They should be responsible for securing the data. It is not just about making profits; it is also about preventing losses through direct leaks or through third-party subscribers who trust them to share their data with them.
This goes to show the need for encryption, multi-factor authentication, etc., to ensure the loose ends are protected.
Speaking on ‘Compliance: Staying Ahead and Undistracted’, Daniel Adaramola, a cybersecurity risk management expert, defined Information security as the protection of an organization against threats.
He said that while compliance to regulatory standards is important, however, the key driver of information security is the need to protect against constant threats to an organization.
“Regulatory compliance is done when the third party is satisfied. Information security is a carrot as it motivates the company to protect itself. There are also questions as to whether cybersecurity should be driven by government bodies.”
“Well, on one hand, they need to be involved in the protection of critical national assets. If those assets are down, it portrays grave danger to the economy and the nation at large. For instance, if the telcos are down, no connectivity, and the aviation sector, it means no flight to depart or arrive in the country. It is a huge economic sabotage.”
“Same time, there are areas where the private sector should be given the opportunity to thrive”, Adaramola explained.
Fowler Oriyomi, a cybersecurity risk consultant, talked about Managing Hybrid Systems in an Enterprise Environment, noting that as companies race to the cloud to improve efficiencies, reduce costs, and foster flexibility and agility, they are creating a patchwork of different cybersecurity protocols.
Oriyomi, who doubles as the Head of IT at Dangote, described the modern post-COVID company as “one million-armed octopus in thousands of locations and every arm is a digital access point that can be compromised by script kidders, social hackers, professional criminal hacking organisation or even nation-state actors”.
He aligned with the school of thought that “only by managing security in all those million access points can a company ensure safety – and avoid becoming another ransomware story on national news”.
He listed hybrid cloud operational concerns as include growing cyber threats, on-going regulatory push like the Nigeria Data Protection Regulation (NDPR), compliance related issues, inability of security to keep up with the pace of change in application, amongst others.
Speaking on IT security regulatory compliance, Oriyomi said that expectations have grown in the past two years and have impacted companies’ operations.
He however said that compliance is good for organisations to maintain standards. “These regulatory compliances attract fines and quite a number of organisations wouldn’t want that. It is GDPR in Europe, NDPR in Nigeria, POPI Act in South Africa and the regulations keep coming. And if you look at the clauses carrying fines there is no company that would want to fall into that.
Also speaking, Habeeb Adebisi, a senior digital security associate at Co-Creation Hub, advised organizations to intensify their cybersecurity defense approach.
He said it is regrettable that most people, including businesses, ignore security advisories and end up paying huge penalties as research finding indicates 90% of Organisations in Nigeria have suffered breaches.
“Our mandate is to ensure technology works in African society. We look at the West and see how technology is improving life and such is lacking here. So, along the line we discovered that one area people tend to ignore until it is late is security. For this reason, we take it very seriously”.
He said for instance, Cc-Hub’s Digital Rights and Inclusion has a cybersecurity approach and led to the establishment of DIGnified.
“We want to make sure technology works for everybody, but at the same time ensure the protection of the workers against malicious actors who are constantly working to breach their system and disrupt the workflow.
“About four years ago, we came up with the ‘Tech Squad’ programme, made up of young people interested in learning about technology and specifically in security. We train them and deploy them to organisations. By this, organisations in Nigeria will become more conscious of the security of their digital space.
“We also launched the SafeOnlineBus campaign through which we educate the masses on issues around the subject. We are also launching another campaign in collaboration with ESET called ‘Safer Kids Online’”.
He thanked ESET West Africa for believing in CCHub especially with regards to the Safer Kids Online.
Also commenting, Olabanji Soledayo, the marketing and retail sales manager at ESET Nigeria, said that is no longer enough to have basic anti-virus on a system.
According to him, threats have been designed to evolve to defeat the basic anti-virus. “So, in the enterprise environment where you have over 100 devices, there is a need for a dependable Endpoint Detection and Response (EDR) solution.”
Recall that version 1.4 of ESET Enterprise Inspector (EEI) was launched last year. EEI is a sophisticated Endpoint Detection and Response (EDR) tool that monitors and evaluates suspicious activity occurring on the network in real time and allows IT security admins to take immediate action when and where needed.
For over 30 years, ESET has become the European leader in cybersecurity solutions, and to date protects more than 1 billion users worldwide.
Since 2011, ESET has been organizing the ESET Security Days, an international event bringing together players in the cybersecurity ecosystem in nearly 50 countries.
ESET Security Day West Africa is part of a process of reflection and discussion between representatives of public institutions, researchers, users, and recognized experts on cybersecurity issues.
ESET Security Day is a professional all-day conference that responds to current events, regulations or legislative changes related to security and protection of personal data.
It also deals with the latest security solutions suitable for the corporate environment. An integral part of conferences is the introduction of the latest technologies and solutions that help companies prevent security incidents.
Association of Licensed Telecommunications Operators of Nigeria (ALTON) has declared support for the Nigerian Communications Commission (NCC’s) push to promote local smartphone manufacturing in the country.
Gbenga Adebayo, chairman, ALTON,
The News Agency of Nigeria reported that ALTON described the move as a practical measure capable of accelerating broadband adoption and expanding digital inclusion across the country.
Gbenga Adebayo, chairman, ALTON, made the remarks to newsmen on Saturday while reacting to comments by Idris Olorunnimbe, chairman, NCC Board, who had earlier called for local smartphone production and innovative financing models to address Nigeria’s digital inclusion gap.
Adebayo said Nigeria must intentionally transition from being predominantly a technology consumer to becoming an innovator, designer and manufacturer of digital technologies, pointing to the country’s large telecommunications market and youthful population as the scale and human capital needed to support world-class manufacturing.
He said Nigeria’s ambition in local manufacturing should extend well beyond simply assembling imported components into finished devices.
“Our ambition should extend beyond assembling devices. We must pursue genuine knowledge transfer, research and development, product engineering, software development, semiconductor capabilities and large-scale manufacturing,” he said, adding that the goal should be producing devices and digital technologies for Nigeria, Africa and the global market.
Adebayo explained that the emergence of artificial intelligence has further strengthened Nigeria’s opportunity to become a competitive technology manufacturing hub, noting that AI is transforming product design, manufacturing, quality assurance, supply chain management, customer experience and software innovation.
He said investing in AI-enabled manufacturing would improve productivity, create high-value jobs and strengthen Nigeria’s competitiveness across Africa.
On tackling counterfeit and non-type-approved devices, Adebayo described the grey market as a major challenge affecting consumers, original equipment manufacturers and the wider telecommunications ecosystem.
He said robust local manufacturing backed by strong quality standards would provide credible alternatives to grey-market imports.
“This will strengthen consumer protection, improve network performance, retain greater value within our economy, and stimulate industrial growth,” he said, while also endorsing innovative smartphone financing, stronger device management systems and identity-enabled credit frameworks to help more Nigerians afford quality smartphones.
Adebayo said telecom operators remain ready to partner with government, manufacturers, financiers, academia, investors and development partners to build sustainable local manufacturing capacity in Nigeria.
Ayotunde Coker, managing director, Open Access Data Centres has reiterated availability of abundant capacity and world-class infrastructure in key data centres in Nigeria.
This is coming against the backdrop of the Central Bank of Nigeria (CBN) directive to banks, fintechs, mobile money operators, and other payment service providers to host their payment transaction data generated within Nigeria on local servers from January 1st, 2027.
Mr. Coker made the assertion at a media interactive session on readiness of major data centres in the country such as Open Access Data centres to effectively host financial sector data.
“As far as readiness is concerned, we have the co-location base, the co-infrastructure basis, and interconnection capability. Indigenous cloud companies are building out, such companies like Unicloud Africa, Layer 3 within the data centres, adding cloud capability, and providing cloud solutions to local companies.
“The other key thing with the directive is that it sends a signal to the world that data sovereignty localization is key. And will also trigger the global providers to bring their own scale of cloud in here in time, which is good for building our digital infrastructure scale”.
The CBN directive signed by the Director of the Payments System Supervision Department, Rakiya Yusuf, also introduced new market structure rules, beneficial ownership disclosure requirements and systemic oversight measures for payment service operators.
According to the apex bank, the reforms became necessary following the rapid expansion of electronic payments and digital financial services across the country.
The CBN said it had observed “significant structural developments within the Nigerian Payments ecosystem, characterized by rapid growth in electronic payments, increasing adoption of digital financial services, and the emergence of operators with substantial market presence across key payment activities.”
It noted that while the growth had improved innovation, efficiency and financial inclusion, it had also created concerns around market concentration, operational dependence, ownership transparency and the storage of critical payments data.
To address these concerns, the regulator ordered all financial institutions facilitating payments in Nigeria to ensure that transaction data generated within the country are stored domestically.
The circular stated, “All Financial Institutions and participants facilitating payments within Nigeria shall ensure that payments transaction data generated within Nigeria are stored and managed in Nigeria in accordance with data protection laws and regulations applicable in Nigeria.”
It added that “all affected Financial Institutions shall fully comply with this requirement effective January 1, 2027.”
The move is expected to strengthen regulatory oversight, enhance data sovereignty and ensure that sensitive payment information remains within Nigeria’s jurisdiction.
It also aligns with broader efforts by regulators globally to localise critical financial data and reduce reliance on offshore infrastructure.
Association of Licensed Telecommunications Operators of Nigeria has thrown its weight behind the Nigerian Communications Commission’s push for local smartphone manufacturing, saying the initiative could significantly boost digital inclusion, create jobs and position Nigeria as a technology manufacturing hub.
ALTON Chairman, Gbenga Adebayo, gave the endorsement on Saturday while reacting to the call by the Chairman of the NCC Governing Board, Idris Olorunnimbe, for increased local smartphone production and innovative financing models to make devices more affordable.
Adebayo described the proposal as a practical response to one of the biggest barriers to digital inclusion in Nigeria, noting that smartphone affordability had overtaken network coverage and data costs as the major obstacle to broadband adoption.
He said Nigeria must deliberately shift from being a consumer of technology to becoming a producer, innovator and exporter of digital technologies.
“Our ambition should extend beyond assembling devices. We must pursue genuine knowledge transfer, research and development, product engineering, software development, semiconductor capabilities and large-scale manufacturing,” he said.
According to him, Nigeria possesses the population size, telecommunications market and youthful workforce needed to build a globally competitive technology manufacturing industry.
He said the country’s long-term objective should be to produce smartphones and other digital technologies not only for domestic consumption but also for export across Africa and the global market.
Adebayo said the emergence of Artificial Intelligence had further strengthened Nigeria’s opportunity to become a major technology manufacturing destination.
He explained that AI was already transforming manufacturing through improved product design, quality assurance, supply chain management and customer experience.
He noted that investments in AI-enabled production would improve productivity, create high-value jobs and strengthen Nigeria’s competitiveness.
The telecom operators’ chairman also backed the NCC’s proposal to tackle the proliferation of counterfeit and non-type-approved devices.
He described the grey market as a major challenge affecting consumers, original equipment manufacturers and the telecommunications ecosystem.
According to him, robust local manufacturing supported by strong quality standards and effective type approval would provide credible alternatives to substandard imported devices while boosting consumer confidence.
“This will strengthen consumer protection, improve network performance, retain greater value within our economy and stimulate industrial growth,” he said.
Adebayo further endorsed innovative smartphone financing models, improved device management systems and identity-enabled credit frameworks, saying they would enable more Nigerians to own quality smartphones through affordable payment plans.
He said telecom operators were ready to partner with the government, manufacturers, financiers, investors, academia and development partners to establish a sustainable local manufacturing ecosystem.
“The initiative represents a national economic transformation agenda capable of creating jobs and strengthening Nigeria’s position in the global digital economy,” he added.
Olorunnimbe had, during the Digital Africa Summit Roundtable in Shanghai, argued that Nigeria’s biggest digital inclusion challenge was no longer network coverage or data affordability but the high cost of smartphones.
He urged coordinated efforts involving local manufacturing, trusted devices, financing and policy reforms to accelerate broadband penetration and unlock the country’s digital economy.
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