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COVID-19 caused cyber-crime pandemic -NGX Chief Risk Officer

Felix Oloyede



Nigerian equity market extends downtrend to consecutive third session

The Acting Chief Risk Officer, Enterprise Risk Management, Nigerian Exchange Limited (NGX), Mrs Oluyemi Obadare, has stated that COVID-19 did not only cause a health pandemic but a cyber-crime pandemic too. 

Speaking at the 9th edition of the Nigerian Capital Market Information Security Forum (NCMISF), themed, “Navigating the Post-Pandemic Cyber Security Imperatives”, on Tuesday, 23 November 2021, he noted that the potential impacts are here to stay, adding that NGX has, therefore, provide a platform for professionals and subject matter experts in the Information technology and financial industry to collaborate and share ideas on information security best practices.

The one-day free to attend event brought together leading industry data privacy and security experts and capital market stakeholders virtually to share actionable information and ideas on post-pandemic effects, survival strategies and optimal pathways for the capital market and the ecosystem at large.

“The coronavirus has accelerated a second digital revolution not seen since the dot-com boom of the early 2000s. Likewise, it has made criminal minds increasingly motivated to innovate and digitize their attacks, as there has been an increased demand for information online,” she explained.

The event provided participants with the opportunity to get a deeper understanding of present and developing trends in information security through case study presentations ranging from building resilience against ransomware, managing third-party risk in a digital World; and securing one’s online presence. To shed light on these issues, the following topics were treated, Building Resilience Against Ransomware by John Anyanwu, Partner, Cyber & Privacy, KPMG; Managing Third-Party Risk in a Digital World by Chika Nwachukwu, Manager, Digital Risk and Cybersecurity, PwC; Information Security at Meristem Stockbrokers by Oladotun Olorunyomi, Head, IT, Meristem Stockbrokers Limited; and Securing Your Online Presence by Uwa Agbonile, CEO & Chief Software Architect, InfoWARE Limited.

NGX continues to uphold information security best practices evidenced by its ISO 27001:2013 certification for the 8th year running. This could not have been achieved without an intentional and deliberate approach to cybersecurity.

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