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By Chinenye Anuforo
The urgent need for the Nigerian business community to build a robust cybersecurity solution and resilience to manage future losses has been emphasised.
According to the co-founder and Chief Executive Officer of Cybervergent, Adetokunbo Omotosho, in 2022, the Nigerian financial sector recorded financial losses worth more than N2 trillion due to cybersecurity breaches and so, she told the journalists invited to a tour her company’s facilities at her corporate head office in Lagos that this calls for concerns.
The conversations illustrated the scope of the company’s cyber operations vis-à-vis her capability and why it cares so much about security.
Cybervergent, a cybersecurity company founded more than a decade ago, provides services in the field of cybersecurity. These include risk evaluation, ethical hacking, implementing and monitoring security measures in different types of organisations, and digital forensic investigation above all.
According to Omotosho, the company recently changed its name from Infoprive to Cybervergent, a pioneering technology company dedicated to revolutionising the cybersecurity landscape in Africa. This strategic shift marks a significant milestone in our unwavering commitment to pioneer Africa’s cybersecurity through innovation, automation, and all-encompassing scaled solutions.
“We represent not just a name change; it embodies the convergence of cutting-edge technology, visionary leadership, and our resolute commitment to safeguarding businesses in the digital age on the continent, starting with Nigeria, Africa’s largest economy.”
In an era where breaches are the norm and consumers grow apathetic to privacy, Omotosho said, “As a business, we understand the critical role that cybersecurity plays not only in protecting organisations but also in safeguarding the national security of our country.
“In today’s data-driven world, customer trust is paramount. A breach can erode trust and damage a company’s reputation. Prioritising cybersecurity demonstrates a commitment to protecting customer data, fostering trust, and maintaining a positive brand image.
“Many industries have stringent regulations regarding the protection of sensitive information. Cybersecurity measures ensure compliance with these regulations, avoiding legal consequences and financial penalties for organisations found wanting.”
She tasked businesses in the country with exploring explore digital space. “As businesses embrace digital transformation, cybersecurity becomes an enabler for innovation. This is because secure digital platforms and emerging technologies empower organisations to explore new business models and stay competitive.
“For us, we understand that cybersecurity is not just a defensive measure but a strategic asset that empowers businesses to thrive in the digital landscape. Our solutions are designed to be proactive, adaptive, and aligned with the dynamic needs of modern enterprises. By helping automate the fortification of our clients’ cyber defences, we contribute to their overall resilience and service to their customers.”
Offering an expert view on the nation’s digital security, Omotosho said cybersecurity is fundamental to securing critical national infrastructure such as power grids, communication networks, and financial systems. A cyberattack on these infrastructures could have severe consequences for the nation’s stability and well-being. Cybersecurity is closely tied to the economic health of a nation. Successful cyberattacks can disrupt national activities, leading to economic losses and potential job cuts.
She believed constant monitoring and analysis of cyber threats would provide valuable intelligence for national security agencies. Also, collaboration between the public and private sectors is crucial to sharing threat intelligence and responding effectively to emerging cyber threats. In essence, investing in robust cybersecurity measures is an investment in prosperity.
