Insurance experts have charged corporate firms, religious organsiations and individuals to put in place, necessary measures to protect their database and computer networks from cyber attacks.
He said a comprehensive report by a United Kingdom cybersecurity company, identified that there was high traffic when it comes to information, transactions and data emanating from Nigeria into digital space, adding that, the survey noted that 36 per cent of Nigerian organisations suffered cyber attacks in the last twelve months.
In order to avoid cyber attacks on computer networks, which sometimes resulted into data and financial losses, he said there is the need for enterprises, individuals and corporate organisations, to see it as a serious business and take up some form of cyber mitigating effort in this regard.
He said,“Data is the new oil and underwriting in the future is going to be driven by data and analytics. We are getting to a point where we will be using historical records, using robotics, artificial intelligence in making decisions of pricing, type and extent of risks we take.