The Central Bank of Nigeria (CBN) has said it acknowledged the existence and usefulness of crypto technology but hasn’t taken any official position on it.

Its Chief Information Security Officer, Rakiya Mohammed, who spoke at Secure Enterprise 2019 organised by IT and T Solutions Ltd, IBM and Interpost at Radisson Blu, Victoria Island, Lagos, said the apex bank doesn’t recommend specific technologies to lenders but has set guidelines which take care of security issues in the financial services sector.

Represented by Ibrahim Kuka, an official of the bank, she spoke on: ‘Mobile Devices in Corporate Networks-Security Challenges’.

According to her, data released by both the Global System for Mobile Communication Association (GSMA) and the Nigerian Communications Commission (NCC) showed tremendous growth in subscriber figures, internet penetration and mobile devices stressing that with these have come challenges.

Some of these challenges include poor governance, data loss/leakage, dearth of infrastructure, impersonation, Subscriber Identity Module (SIM) swap fraud and many others.

She said the ability of bank customers to transfer cash via the use of codes and USSD such as GTBank’s *737* has made it imperative for stricter security to secure customers funds.

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

Send your press release/articles to: [email protected], [email protected], Follow us on Twitter at @Nigerialawyers and Facebook @ facebook.com/thenigerialawyer

For Advert Inquiries Tele/+234 806 819 1709 E-mail: [email protected]

Order for your copy now. Call +2347065222225, +2348033334902. Email us @..[email protected], [email protected]

The Electronic Law reports of the Court of Appeal Nigeria. 

Now Available @ courtofappealreportsnigeria.com

A Report Of The Judgement Of The 16 Divisions Of The Court Of Appeal In Nigeria

Subscribe ToTheNigeriaLawyer News!