ISSAN Warns of Rising Cyber Threats to Nigerian Businesses

The Information Security Society of Africa Nigeria (ISSAN) has raised concerns about the increasing sophistication of cyber threats, which could jeopardize business sustainability and profitability in Nigeria. During ISSAN's monthly meeting, held in collaboration with Maxut Consult, Dr. David Isiavw, the Executive Director of Risk Management at Nova Bank, emphasized that cybersecurity must be viewed as a critical national security priority.

He noted that cybercriminals are employing increasingly sophisticated methods to target individuals and businesses, including identity theft, business email compromise through phishing, ransomware, WhatsApp account hijacking, and distributed denial-of-service (DDoS) attacks. ISSAN urged organizations to adopt proactive risk management practices, continuously monitor their systems, and invest in regular cybersecurity awareness programs for employees.

Dr. Isiavw also called for stronger collaboration among industry players, regulatory bodies, and law enforcement agencies to effectively combat current cyber threats. ISSAN reaffirmed its commitment to promoting cybersecurity awareness and building information-sharing capacity within the industry to strengthen Nigeria's cyber resilience.