Cybersecurity Experts Call for More Investment on Data Recovery Infrastructure

Oluchi Chibuzor 

Cybersecurity experts have stressed the need for all sectors in the Nigerian economy to prioritise investment in data recovery rather than reactive measures as new technologies offer cybercriminals new opportunities. 

For them, budget for data recovery should not be a matter of consideration as a broad spectrum of sophisticated cyber attacks is motivated by different factors. 

Speaking recently at a digital leadership conference, themed, “Building Cyber Resilience For Tomorrow,” Chief Information Security Officer, Axiom Integrated Solutions Limited, Wunmi Faiga, said one of the critical threats facing organizations is crime as a service.

She said that new technologies will open the door to more attacker activity, adding that businesses must prepare for more advanced persistent cybercrime.

According to her, “What happens with crime-as-a-service is the ease with which threat actors are able to procure the tools and infrastructure to perpetrate crime. So there is ransomware-as- a -service, phishing kit-as- a-service, denial-of- service- as- a- service. And what then happens is the same way you and I go to businesses to procure services, the threat actors are also able to do the same.

“Now, what we need to do as organizations is we need to be aware that even as the threat actors are enabling themselves, shoring up their tools and technologies, we also need to do the same and ensure that we are employing effective security solutions to combat whatever type of threats and attacks come our way.”

Speaking, the Chief Operating Officer, CWG Pic, Afolabi Sobande, said businesses must become conscious of cybersecurity, noting hence their partnership with Dell Technologies.

He advised that businesses must watch out for the releases from Dell in terms of cybersecurity solutions that help them to be able to weather the attack when it comes. 

“Like we always say, within the cybersecurity balance, it is not if or when. And the most important thing is how you are able to recover, time to recover,” he said.

The Regional Sales Manager, Dell, Ashraf Helmy, report shows that one successful attack happens every 11 seconds worldwide, hence the board of different companies should prioritise investment on data recovery infrastructure for their organisation.

“And the question is very simple. What is the value of your business? Because a cyber attack, if it is successful, most times will cost you more than it will take you to build a data recovery resilience solution,” he said.