https://guardian.ng/business-services/banks-urged-to-share-information-on-cyber-attacks-to-mitigate-hacking/
By Helen Oji
The Guardian
10 April 2019
Bank directors, security experts, and operators in the financial technology
space have stressed the need for financial institutions to share information on
cyber attacks to mitigate the effects of hackers.
Speaking at the 2019 Bank Directors’ Association of Nigeria (BDAN) conference
in Lagos, at the weekend, the Association noted that effective collaboration
between banks and stakeholders would help to combat cybercrime, and improve
security of funds in the financial industry.
The President of BDAN, Mrs Osaretin Demuren, who is also the chairman of the
board of Guaranty Trust Bank, noted that sharing information would help the
industry demystify the activities of hackers and cyber criminals, thereby
making them less effective in the financial sector.
She described cyber security as one of the top risks faced by almost all the
sectors of the economy, adding that the board is the first line of defence in
corporate governance.
[...]
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