Information Security News: Banker tasks firms on cyber attacks

[InfoSec News <alerts () infosecnews org>]

http://www.tribune.com.ng/30032007/biznes.html

By Juwon Obajemu
Lagos
30th March, 2007

THE Head of Corporate Audit and Compliance at the United Bank for Africa 
Plc (UBA), Mr. David Isiavwe, has stressed the need for organisations 
operating in Nigeria to raise their antennae for cyber-terrorism and 
other forms of internet attacks as a means of protecting employees, core 
networks and back-end bfacilities.

He said the warning became necessary following the increased strategic 
value of Information technology and the internet to organisations 
service delivery.

Speaking at the inauguration of Information Security Group (ISG) Africa 
held at the headquarters of the United Bank for Africa (UBA) Plc in 
Lagos on Wednesday, Isiavwe, who is also the Chairman of ISG Africa, 
Lagos chapter, expressed fear over the level of information security 
awareness by organisations playing in Nigeria, saying, with the threats 
of terrorism and a dramatic increase in the number and complexity of 
other security related risks such as computer viruses, cyber attacks, 
theft, extortion and fraud, companies must find a more comprehensive 
approach to securing their facilities.

Isiavwe said that at a time when company assets were increasingly 
becoming information-based and intangible, there is a greater need for a 
collaborative effort towards the institutionalisation of information 
security throughout the country.

Terrorism is a real threat as it presents a significant opportunity to 
destroy the economic environment of organisations and the society at 
large.


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