Cybersecurity is making sure that an organization’s data is safe from attacks from both external and internal bad actors. It is the protection to defend internet-connected devices from malicious attacks by hackers, spammers, and cybercriminals.

As cybercriminals continue to steal personal and financial data, cause damage, theft, and destruction of intellectual property, and disruption to the normal course of business, there is an urgent need to strengthen cybersecurity in organizations to prevent losses and business downturns due to data breaches.

According to estimates from Statista’s Cybersecurity Outlook, the global cost of cybercrime is expected to surge in the next five years rising from USD 8.44 trillion to USD 23.84 trillion in 2027.

As more and more people turn online, there exists an increase in more potential opportunities for cybercriminals to exploit. The COVID-19 pandemic which caused a shift to remote work and virtualized IT environments (such as the infrastructure, data, and cloud computing) has led many organizations to face more cyber-attacks due to security vulnerability.

According to the Nigeria Inter-Bank Settlement System (NIBSS) which indicated that within nine months of 2020, fraudsters attempted 46,126 attacks and they were successful with 41, 979 occasions representing 91% of the time.

Recently the Nigeria Data Protection Bureau (NDPB) commenced an investigation of data breaches by two prominent banking institutions in the country. This proliferation of data theft is causing a lot of disruptions to businesses as hackers, spammers, and cybercriminals make their way into organizations’ data and misuse them.

At Techspecialist Consulting Limited, we provide and guide organizations through a compliance framework. We have a glove fit, rock solid intermediaries to prevent unscrupulous access and mitigate data theft.

Does this look like a need your organization has? Reach out to us via email at info@techspecialistlimited.com or call us at +234 (09) 2911443