Cyber Security: CBN Launches ‘NoGoFallMaga’ Campaign

Cyber Security CBN Launches ‘NoGoFallMaga’ Campaign
CBN Launches ‘NoGoFallMaga’ Campaign
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In a bid to tackle internet fraud, the Central Bank of Nigeria (CBN) has partnered with some cybersecurity stakeholders to launch a new cyber awareness campaign tagged ‘#NoGoFallMaga’.

Africa Daily News, New York reports that the initiative was launched in collaboration with Committee of Chief Information Security Officers of the Nigeria Financial Industry (CCISONFI) and Cybersafe Foundation (CSF).

Mr Abumere Igboa, CCISONFI Chairman, announced the partnership on Monday during a Cybersecurity Awareness Campaign Media Parley held at Radisson Blu, Victoria Island, Lagos.

‘This initiative looks at tackling cybercrime that poses a threat to customers and the Nigeria citizenry in conducting reliable and safe financial services’ he explained.

Read Also: SERAP Sues Buhari Over $25bn Overdrafts Taken From CBN

‘Although the use of digital platforms has transformed the cyber and technology landscape, it also has its own risk, especially with sustaining trust in customers ability to transact securely within the financial ecosystem,’ he said.

Igboa said that a loss of such trust and confidence could undermine the benefits of CBN’s cashless economy or the ability to continually leverage on technology.

He added that there was a constant need to address the related challenges of ensuring continuous cybersecurity and data privacy.

We have also realised that only through concerted efforts by financial industry stakeholders and ensuring our customers remain cyberaware, can we then eliminate or take measures to reduce the activities of cyber criminals,’ Igboa said.

Also speaking, Mr. Confidence Staveley, Executive Director of Cybersafe Foundation, said the partnership would enable them to join forces to reach the 40 million Nigerians who currently access financial services across the country.

Commenting, CBN Director of Banking Supervision, Mr. Haruna Mustafa, said that cybersecurity awareness was a key element in mitigating cyber risk.

AFRICA DAILY NEWS, NEW YORK

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