Facebook Twitter LinkedIn RSS
    Trending
    • The Puzzle of Nigerian Corporate Prosperity in Harsh Economic Times
    • The Price of Staying Connected in Nigeria, By Don Pedro Aganbi
    • Krishnan Named among Top 50 MVP, Recognized as Digital Transformation Pioneer at 2025 ABoICT Awards
    • eBusiness Life Girls In ICT: Stakeholders call for more action on girls participation in ICT
    • Bridging the cybersecurity workforce gap: a global and African imperative, By Hamid Maher
    • Every Friday Is Black Friday: TD Africa turns up the heat on tech accessibility
    • SBTS Group CEO Evelyn Lewis Honored Among Nigeria’s Top 50 Digital Economy Influencers
    • The future of tech – how innovation is shaping business operations and strategy
    Facebook Twitter LinkedIn
    ITPulse.com.ngITPulse.com.ng
    • News
    • Interviews
    • Blogs
    • Analysis
    • Opinion
    • Videos
    • Press Releases
    • Pictures
    • Advertise
    ITPulse.com.ngITPulse.com.ng
    Home»News»No organisation is immune to cyber attack, says expert
    News 2 Mins Read

    No organisation is immune to cyber attack, says expert

    mmBy ITPulseNovember 2, 2020
    Facebook Twitter WhatsApp Pinterest LinkedIn Reddit Tumblr Email
    Digital-Encode
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A cyber security expert, Dr. Adewale Obadare has asserted no company is totally immune against cyber attacks, going by the high dependency on the internet and adoption of digital transformation.

    Mr. Adewale, who is also  the Co-Founder and the Chief Operating Officer of Digital Encode Limited, a cyber security intelligence company, argued that the proliferaction of digital tools  has led to the increase in cybercriminal activities.

    “No organization is immune to cyber attacks as cybersecurity readiness and resilience is a journey not a destination,” he asserted at the 2020 National Information Technology Reporters’ Association (NITRA) Virtual Innovative Tech Webinar held recently.

    According to Adewale, findings has shown that at every 11 seconds, businesses will fall victim to a ransomware attack in 2021, even as cybercrime damages are projected to cost the world over US6 trillion annually in 2021, up from US3 trillion in 2015.

    More than 90 percent of successful hacks and data breaches steam from phising scams. Most frequent attack methods are social engineering, advanced persistent threats, unpatched ransomware.

    Stressing that cybersecurity/fraud is a discussion topic for the board and not for the data center alone, he explained that 60 percent of small businesses that suffer cyberattack are out of business within 6 months.

    He also highlighted that 53percent security personnel believed that their enterprise will experience a cyberattack in the next 12 months.

    While urging vigilance, he said the survey revealed 87 percent believe that the rapid shift to work from home will increase the risk of data privacy and protection issues. Also, 54percent believe will take advantage of the pandemic to disrupt organisation. However, 51percent (only half) are highly confident in their security team to detect and respond to cyber threats during the pandemic.

    Although much is at stake, the Digital Encode Boss lamented that the confidence level is low.

    Speaking further, he urged and advised organizations to invest in people and process and not only in technology, in an effort to collectively combat the looming threat.

    He therefore recommended that for safety in the cyberspace, organizations must address cybersecurity readiness and resilience on a number of dimensions so as to understand the big picture while integrating and coordinating all operational risk management activities.

    In addition, he said it is important that the executive team develop a risk intelligence quotient and also build an Intelligent Security Operations Center (SOC) based on AI & Machine Learning.

    cyber security resilience Digital Encode
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    mm
    ITPulse
    • Website
    • Facebook
    • Twitter
    • LinkedIn

    ITPulse is a wholly information technology communication (ICT) news website, with a special focus on the African continent. The website provides up-to-date biz-tech news, analysis and comprehensive and thorough insight into the continent's ICT terrain

    Related Posts

    Krishnan Named among Top 50 MVP, Recognized as Digital Transformation Pioneer at 2025 ABoICT Awards

    May 27, 2025

    eBusiness Life Girls In ICT: Stakeholders call for more action on girls participation in ICT

    May 27, 2025

    SBTS Group CEO Evelyn Lewis Honored Among Nigeria’s Top 50 Digital Economy Influencers

    May 26, 2025

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Latest Posts

    The Puzzle of Nigerian Corporate Prosperity in Harsh Economic Times

    May 28, 2025

    The Price of Staying Connected in Nigeria, By Don Pedro Aganbi

    May 28, 2025

    Krishnan Named among Top 50 MVP, Recognized as Digital Transformation Pioneer at 2025 ABoICT Awards

    May 27, 2025
    About
    About

    Itpulse.com.ng is a wholly information technology communication (ICT) news website, with special focus on the African continent. The website provides up-to-date biz-tech news, analysis and a comprehensive and thorough insight info the continent's ICT terrain.

    Contact us: editorial@itpulse.com.ng

    Facebook Twitter LinkedIn RSS
    Latest Posts

    The Puzzle of Nigerian Corporate Prosperity in Harsh Economic Times

    May 28, 2025

    The Price of Staying Connected in Nigeria, By Don Pedro Aganbi

    May 28, 2025

    Krishnan Named among Top 50 MVP, Recognized as Digital Transformation Pioneer at 2025 ABoICT Awards

    May 27, 2025
    Popular Posts

    The future of tech – how innovation is shaping business operations and strategy

    May 26, 2025

    Kenya, Nigeria and South Africa bear the brunt of web incidents in Africa

    May 26, 2025

    Ikechukwu Nnamani of Digital Realty bags two major ICT industry awards

    May 26, 2025
    © 2017 - 2025 Itpulse. Designed by Max Excellence.
    • Terms & Conditions
    • Privacy Policy
    • Advertise
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.