Banks urged to share information on cyber attacks to mitigate hacking

[InfoSec News <alerts () infosecnews org>]

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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