CWG, MAG Tech partner to address IT security risks

The duo organized an information security session in Lagos where all the decision makers charged with security in financial sector, and technology experts converged to deliberate on the new concept that will curb Cyber-attacks and fraud in the industry.The event themed, ‘Security Operations Centre (SOC) – Financial Services in the Cyber Attack Era’ was according […]

The duo organized an information security session in Lagos where all the decision makers charged with security in financial sector, and technology experts converged to deliberate on the new concept that will curb Cyber-attacks and fraud in the industry.
The event themed, ‘Security Operations Centre (SOC) – Financial Services in the Cyber Attack Era’ was according to the firms in a bid to reduce the level of threat and Cyber- attack in the financial sector.
Speaking at the session, James Agada, chief technology officer of CWG, said the event created a rich avenue for the stakeholders to extensively discuss and understand the new concept, Security Operations Centre (SOC) as the ultimate information security platform required to drastically minimize the Cyber-attack and threats currently being encountered by the financial institutions.
Nadav Arbel – MAG Tech’s chief technical officer, in his presentation on Darknet and Crime stated that Cyber-attack is originated from the Darknet which is the illegal part of the internet.
According to Arbel, Cyber-attack occurs when there is data leakage which may be caused by misconfiguration of a server or other sources.