The cybersecurity framework proposed by federal government will be implemented at the beginning of the year. With the intent of mitigating the increased incidences of AI-based cyberattacks on banks, corporations, and governmental institutions.
The choice made by the Director-General of the National Information Technology Development Agency, Kashifu Inuwa Abdullahi.
The announcement comes with growing concerns. That the fast adoption of digitisation in finance and public services in Nigeria has surpassed its existing cyber defence.
What NITDA said
As Abdullahi says, the framework be implemented later this year. And will require all organisations in Nigeria to satisfy minimum spending on cybersecurity.
He has observed that currently, most firms do not invest adequately in security because they feel that they are not the target of attacks.
The new regulations also provide mandatory time deadlines when data breaches are to be reported. Also develop systems of sharing of threat intelligence between the public and the privates, and designated the plan of actions to act in response to large scale cyber attacks.
Governments are also beefing the cyber security facing artificial intelligence. Which is causing the magnitude and complexity of attacks on banks, payment platforms, and even government networks to grow significantly all across the globe.
