Monitoring, detection and prevention: Keys to organisational growth

PROTOCOLS:
1.Representing the Executive Governor of Lagos State, Mr. Olufemi Odubiyi–Hon. Commissioner, Science and Technology
2.Lady Maiden Alex-Ibru–Chairman Publisher The Guardian Newspaper
3.Prof. Wale Omole –Chairman, The Guardian Editorial Board
4.Guest Speakers –Mr. Anthony Maxwell, Mr. Kola Olutimeyin, and Mr. Ikechukwu Nnamani

Distinguished Ladies and Gentlemen.
I’m highly honoured to be representing His Excellency, The Acting President –Prof. Yemi Osinbajo, SAN, GCON, here at this event to deliver his goodwill message and shares ome insight into this administration’s thinking and ongoing work in the area of Cyber Fraud & Security related polices.

His Excellency, the Acting President holds The Guardian in very high esteem and would have loved to be here today but due to other state engagements, he asked that I convey his apologies. But he wants me to say clearly that it is notable that this newspaper set up some 33 years ago, has been a bastion in the quest to enthrone liberal democracy and the rule of law in our country. He recalls the commitment of the Founding Publisher, Chief Alex Ibru, that The Guardian is indeed a public trust, and commends that public spirit which Lady Maiden Ibru, is now carrying forward very boldly.

The role of a newspaper, especially a newspaper as eminent as The Guardian is both significant and critical in any society, more so, in Nigeria as we strive to build a new nation of a new tribe of men and women who are able, ready and willing to rise above the divisive sentiments that often slow us down, and uphold the strengths and nobility of our unity. We continue to look to The Guardian and the entire Nigerian press to advance those values that have the potential to bind us together more and more. We have a clear and broad understanding on how the gamut of Digital Revolution that is already upon us and the subsets connects together. This administration’s effort as part of its economic diversification policy is determined to develop a Digital Economy. This will be driven by a Digital Government Strategy that aims to deliver:

•Government Modernisation;

•Greater value for citizens and businesses;

•Transparency & Open Government.

1. Government Modernisation – Transformation of public service through a digital enterprise architecture driven by innovative and sustainable technologies that will impact the way we work and deliver services giving a better experience for individuals and businesses dealing with government
– PEBEC to focus on moving the country 20points up on the “Ease of Doing Business” metric

2. Greater value for citizens& businesses-Solve local challenges using local solutions with government being the service and platform provider of a range of new online and mobile applications co-created with citizens. This enables job creation opportunities in both private and public sectors of government, promoting economic diversification and antecedent GDP growth.

3. Transparency & Open Government – Digitisation of public data assets to enable improved information flow; makes data freely available for use within MDAs, between MDAs, in the private sector and by citizens. Making data available to the public will be driven by Data Classification Guidelines, which enables creativity using digital technology concepts like Big Data. This supports the production of and access to open data and content as sources of innovation to increase the competitive ‘Teasing comment’ – How many of you uber-ed it here this morning?
This is evidence that the Digital Economy is upon us!There are five technology trends changing the world as we know it….. Breakthrough technologies have matured and hit scale together enabling these five defining trends. These trends are:
-Hyper Connectivity
-Super Computing
-Cloud Computing
-Smart World, and of course
-Cyber Security, which is most crucial to all of these trends.

And this exciting technology drive continues to alter our perspective of the future security aspects of this evolving new reality. And that is why this gathering is timely, commendable and of exceptional relevance. The consequences of inaction or sub par action could wreak damage beyond imagination.In 2014, the Telegraph reported that “cyber crime has been estimated to cost the global economy $445 billion (£266 billion) annually”. “Cyber espionage and stealing individuals’ personal information is believed to have affected more than 800 million people during 2013”.

The National Security Adviser (NSA), Maj-Gen. Babagana Munguno (rtd), stated during the inauguration of the Cybercrime Advisory Council, at the Office of NSA (ONSA), Abuja, that “ the Federal Government has said the estimated annual cost of cybercrime toNigeria is 0.08 per cent of the country’s Gross Domestic Product(GDP), which represents about N127 billion”.
Success so far –

1.Collaboration between network security agencies and network service operators
a.Solving crimes such as kidnapping by exchange of information

2.Advancement of banking policies, and support of IFRC has prevented money laundering…. Making it impossible for hiding proceeds of corruption (Situation that’s led to where we find corrupt government officials keeping money in very ‘innovative’ ways).
Efforts on the part of government

1.Harmonisation of the disparate identity management to ensure we can identify the citizens;

2.Setup of the 31-Member Cyber Crime Advisory Council to deploy their functions and powers towards addressing all issues and challenges relating to standards, coordination and valuable technical cooperation, particularly in the areas of policy legislation, capacity building, required training in cyber security, personnel investigators, digital forensic personnel and prosecutors;

3.To harness th benefits of cloud computing we must look at Data classification and issues around sovereignty of data;

4.Encourage specialised training of youths as future in the Reorientation of skilled cyber criminals into more productive and positively impactful contribution

5.Awareness and Education of the populace as the biggest threats are typical users themselves.
Let me end on this note
-Cyber warfares and control of the cyber ecosystem by rogue/corrupt nation(s), opposing groups with different ideologies are real and present danger and as a nation we must develop the necessary capacity to withstand and overcome these threats. Therefore, three is no doubt more is needed to be done, especially as we mature as a nation in the world of digital economy.