(From left): Chief Executive Officer, 9mobile, Juergen Peschel; President, FinTech Association of Nigeria(FinTechNGR), Ade Bajomo and Partner AELEX, Tiwalola Osazuwa, during the Economic Forum Series on Fintech Cybersecurity & Fraud Summit 2023 held in Lagos
Collaboration, key to boosting cybersecurity in Nigeria – 9mobile CEO
Chief Executive Officer of telecommunications firms in Nigeria, 9mobile, Mr. Juergen Peschel, has emphasized the need for a stakeholder collaboration to boost Cybersecurity in the country.
Speaking at the just-concluded, Economic Forum Series on Fintech Cybersecurity & Fraud Summit in Lagos, Mr. Peschel noted that the frequency and sophistication of cyber-attacks which increased significantly in recent years, is now posing a threat to individuals, businesses, and the country’s economy at large.
The telecom chief stressed the value of cooperation between government agencies, private organizations, and key stakeholders to improve Nigeria’s cybersecurity posture.
“Cyber threats constantly evolve, and we must work together to stay ahead of them because no single entity can achieve this on its own. We must collaborate, share information, and coordinate our efforts to achieve a more secure cyberspace. 9mobile, a leading telecommunications company in Nigeria that provides voice and data services to millions of subscribers nationwide, is also involved. With cybersecurity threats on the rise, we are committed to ensuring the safety and security of our network and subscribers.
“We have witnessed a sweeping transformation in the financial sector buoyed in no small part by technology. As we hail this win, we must also pay attention to the framework that will allow us to thrive and support the development of a more digitized and robust financial system and pave the way for innovation and a more integrated digital banking system. There is a need to strengthen mechanisms to mitigate the risks of cyber-attacks, consumer data breaches, fraud, and money laundering.
“We are in an exciting phase of the FinTech journey. The industry is evolving, and it has come to a point where we are now seeing a lot of global activities in the FinTech space, most importantly, investments in emerging markets. Google and Apple consider Africa a critical market and even incubating centers for FinTech. The fact that FinTech affects every industry and aspect of our lives is one reason people should be interested in the sector, as it immensely adds value to how we do business and work,” Peschel said.
9mobile has implemented several safeguards to secure its network and subscribers as part of its commitment to Cybersecurity.
Some of these measures are regular security audits, round-the-clock surveillance, and the usage of cutting-edge threat detection systems.
The Economic Forum Series is a platform for thought leadership, innovation, and businesses in different segments of the economy.
