This was disclosed at the virtual conference organised by the Institute of Capital Market Registrars and the Fintech Association of Nigeria.
Speaking at the event, a cybersecurity strategist/architect, Austine Ohwobete, said a strengthened framework to counter online threats would help safeguard investors assets from theft, fraud and unauthorised access, thus ensuring the integrity of financial transactions. Ohwobete, who spoke on the theme, ‘Cybersecurity threats and counter measures: Implications for security data management & online stocktrading’, said with increased reliance on technology and online platforms in various sectors in the country, actors have exposed businesses to various cyberthreats.
“Cyberthreat refers to any potential or actual danger that arises from malicious activities targeting computer systems, networks, or digital infrastructure and this encompasses various intentional actions or events that aim to compromise the confidentiality, integrity or availability of information or technology resources.”
He added that cyberthreat can manifest in the form of cyberattacks, unauthorised access, data breaches, malware infections, phishing attempts, or social engineering tactics.
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