July 25, 2018/NSE
By Oscar Onyema
Good morning all,
I welcome you to the 6th edition of the Nigerian Capital Market Information Security Forum.
Cybersecurity is a process of reducing the risks to our critical infrastructure through physical means or using defense measures to mitigate intrusions, attacks, or the effects of natural or man-made disasters.
A Cyber Resilient organisation is that which is able to resist, respond and recover from incidents that will impact service delivery.
It’s about preventing, detecting, responding and recovering from cyber attacks!
The Nigerian Stock Exchange, as part of its drive, then, in 2015 to be Africa’s foremost securities exchange driven by regulation, efficiency, liquidity, and innovation, initiated the Nigerian Capital Market Information Security Forum (NCMISF).
The forum aimed at bringing together various stakeholders in the Nigerian Capital Market to collaborate and share information on Information Security best practices and Cyber breaches within the Nigerian Capital Market and the global securities market at large, thereby offering participants with an early warning system in addition to sharing resolutions on any ensuing issues.
The first session of the NCMIS Forum took place on 16th April, 2015 at this same venue, themed: Why Capital Market Executives should take Cybersecurity Seriously? This edition provided informative guidelines to business executives on the prevention of and mitigation of cyber breaches in a cost effective and timely manner.
Over the past years, the Exchange has held other forums focusing on the following:
- Why Capital Market Executives should take Identity Theft Seriously
- Preventing Identity Theft in the Capital Market – What to do when you get hacked
- Does your Business have the Resilience to Survive a Disaster – the Business case for Business Continuity
- Defending against Cybercrime: Becoming a Cyber-Resilient Organization
Today, Cybersecurity has become an increasingly critical management issue. Companies must now fend off ever-present cyber-attacks, given the increasing pace and the complexity of the threats, corporations must adopt approaches to cybersecurity that will require much more engagement from the CEO and other senior executives to protect critical business information without constraining innovation and growth.
Eliminating threat is impossible, so protecting against them without disrupting business innovation and growth should be a top management priority. People can be the weakest link (greatest threat) to security in an organization, social engineering attack has been used to manipulate the actions of staff to obtain access to critical and sensitive business information.
Therefore, the Nigerian Stock Exchange, as part of its drive now, in 2018, to be The Preferred Exchange Hub is pleased to unveil the 6th edition of its bi-annual Nigerian Capital Market Information Security Forum (NCMISF), themed, “Social Engineering, The Neglected Human Factor”. Through targeting employees, attackers play the odds and hope for an easy walk in the park.
This event features Mr. Emomotimi J. Agama, Deputy Director/Ag Head Registration and Exchanges Department, Securities and Exchange Commission (SEC), Mr. Rex Mafiana, CEO FPG Technologies, Mrs. Favour Femi-Oyewole, The Head, Information Security at the Exchange. This edition panellists are seasoned professionals from KPMG Nigeria, Access Bank Plc, Ernst and Young, Control Risks and United Bank for Africa Plc. They will be expounding on user education and layers of technological defences to better detect and respond to social engineering attacks in the capital market ecosystem.
I hereby urge everyone to collaborate and share ideas on Information Security and cybersecurity best practices.
Thank you all.
