By Emma Okonji
Cybersecurity experts have identified the associated cyber risks in the financial service space, even as they stressed the need for a regulatory agency to implement the country’s Cybercrime Law that was passed in 2015.
The experts who spoke at a webinar organised by the Information Security Society of Africa, Nigeria (ISSAN), an advocacy group on cybersecurity awareness and data handling, called on financial service providers and other organisations that handle large data of customers, to consider putting the right measures in place in order to safeguard their operations.
Speaking on the theme: “Cyberthreat Landscape: Financial Services 2021 and Beyond,” Cybersecurity Lawyer, Basil Udotai said Nigeria’s Cybercrime Law remained the only civil law in Nigeria that did not follow the pattern of legislative proceedings for enactment of laws.