6th Capital Market Information Security Forum To Be Hosted By Nigeria

The 6th edition of the Nigerian Stock Exchange’s bi-annual Nigerian Capital Market Information Security Forum (NCMISF) is set to hold on Wednesday, July 25, 2018, at the NSE Event Center, 2/4 Customs Street, Lagos.

The free to attend conference which was sponsored by FPG Technologies Ltd and Control Risks, is themed, “Social Engineering, The Neglected Human Factor”.

The forum is designed to leverage on user education and layered technology defences to better detect and respond to social engineering attacks in the capital market ecosystem, which will contribute to enhancing investor’s confidence.

The event will be attended by the Deputy Director/Head Exchanges, Securities and Exchange Commission (SEC), Mr. Emomotimi J. Agama.

It will also bring together, information security professionals and capital market participants to discuss emerging cybersecurity trends and share effective strategies and best practices to tackle cyber threats.

This edition of the Nigerian Capital Market Information Security will also feature panel discussion and speeches and presentations from the CEO FPG Technologies; Mr. Rex Mafiana,  and Head, Information Security, Mrs. Favour Femi-Oyewole.

Topics to be covered include, Reverse Social Engineering Attacks in Online Social Networks; Evolution of Cybercrime: The Present, Present, Future Social Engineering Attacks and Prevention; Plan for countering Cyber threats in the Nigerian Capital Market.

Commenting on the event, the Head, Information Security at The Exchange, Mrs Favour Femi-Oyewole said with the growing use of technology and digital tools in the capital market, creating awareness and educating individuals and companies on the significance of information security management have become critical in addressing today’s constantly evolving cyber threats.

Cyber security education
“The 2018 Verizon Data Breach Investigations Report, which shows that more than 70% of all data breaches in 2017 involved phishing or some other type of social engineering, underscores the need for continuous cybersecurity education, as human factor continues to be a key weakness. Cybersecurity is not just about technological defences, it is also about people,”
 he said.

Mrs Femi-Oyewole further stated that the NSE was committed to working with government, regulator, international and local partners, market participants and other stakeholders to monitor developments and effectively respond to cyber threats to provide a sustainable capital market.

“We all have a role to play in keeping the capital market secured.Meanwhile, The Bear has tightened its grip on the Nigerian Stock Exchange as it is evident in the continued fall of the Market Capitalisation and All Share Index,”he said.

At the close of Tuesday’s tradings, the All Share Index stood at 36,963.70 basis points, depreciating by 0.81 per cent or 303.16 basis points when compared to Monday’s closing of 37,266.86 basis points falling to the 36 thousand basis points.

The market capitalisation also fell by 0.81 per cent or 110 billion Naira to close on Tuesday at 13.390 trillion Naira as against Monday’s closing of 13,500 trillion Naira.

On Tuesday, investors traded 2.03 million shares at the value of 2.4 billion Naira in 4,178.00 deals.

Source: VON

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