{"id":17901,"date":"2017-10-04T16:49:39","date_gmt":"2017-10-04T15:49:39","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=17901"},"modified":"2017-10-04T16:49:39","modified_gmt":"2017-10-04T15:49:39","slug":"17901-2","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/17901-2\/","title":{"rendered":"Data Theft: Abiru, Skye Bank CEO Urges Close Collaboration between Tech, IT Security Experts"},"content":{"rendered":"
\"Tokunbo
Tokunbo Abiru – Skye Bank GMD-CEO<\/figcaption><\/figure>\n

Skye Bank CEO, Tokunbo Abiru has advocated practical strategies, concerted efforts and close collaboration from technology, Telcos and IT security experts to prevent current proliferation of clone apps with its attendant impact on safety of smart phone users in the country.<\/p>\n

Abiru made this suggestion in a keynote note address on the topic: \u2018Strategizing against Malicious App Clones\u2019 delivered at 3rd quarter General Meeting of the Nigeria Electronic Fraud Forum (NeFF) held in Lagos\u00a0to review the activities of the body and work out a more proactive means of mitigating electronic fraud.<\/p>\n

The Skye Bank Boss, who was represented by the Bank’s Executive Director Technology & Services, Innocent Ike noted that \u201cone of the strategies to deal with this menace was the enactment of the Cybercrimes Prohibition, Prevention Act, 2015 which is meant to regulate the cyber security space in the country and provide for the application of stiff penalties for internet infractions\u201d.<\/p>\n

Unfortunately, the top Banker was of the opinion that more still needs to be done by all stakeholders, even as he went ahead to outline other steps part of which \u201cis to ensure that innocent app users never download apps from untrusted third parties adding that \u201cusers should always download apps from official app marketplaces like appstore for Apple phones, Google play for Android phones, and windows phone store for Windows phones to dramatically reduce the risk of downloading mobile application malwares\u201d.<\/p>\n

\u201cUsers of mobile devices not enabling the option to accept apps from any source or app market on their devices and avoid giving administrative access\/privileges to apps where possible, and listed the need for installation of anti-malware tools to detect malicious apps installed on their devices.<\/p>\n

\u201cThe best way to protect oneself from these malicious apps, is to avoid accepting or installing mobile apps originating from unfamiliar sources.<\/p>\n

While asking for vigilance on the part of smartphone and computer users, Abiru pointed out that \u201cthe intent of the developers of malicious app clones is to deceive smartphone users and get them to download the malicious app onto their phones and these apps are designed primarily to steal information, track users\u2019 activities, send un-solicited content, re-configure the target device or carry out sundry malicious activities such as Smashing (short form for SMS Phishing).<\/p>\n

\u201cThe explosion in the development and distribution of \u201capps\u201d has increased the risks associated with the use of smartphones and one of such risks is the Malicious App Clones which is a discourse at this meeting\u201d.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

In the process, the experienced banker opined that \u201cinformation such as individual and corporate emails and data, banking transaction data and personal data on social media sites, WhatsApp, SMS amongst others do get compromised with devastating consequence<\/p>\n

Earlier in his address,\u00a0Dipo Fatokun, Director, Banking & Payments System Department, Central Bank of Nigeria (CBN) and Chairman, NeFF spoke of the readiness of the regulator through NeFF to confront emerging threat in electronic payment with introduction of USSD mode of payment by Banks\u00a0working in concert with NCC and\u00a0by co-opting relevant stakeholders\u00a0on preventing fraud incidence through sim swaps.<\/p>\n

He then disclosed that “through a shared services initiative with key stakeholders across the e-payment channels, that will be domiciled with NeFF by first quarter 2018 through which incidence of electronic fraud would be curbed.<\/p>\n

He expressed joy that this was the \u201cfirst time we are having representatives of Airtel, MTN, Glo and 9mobile join us at this quarterly forum\u00a0to enable us work in unison and jointly\u00a0explore and look at issues that would make the USSD mode of payment, threat free”.<\/p>\n

 <\/p>\n

Picture Captions:<\/b><\/b><\/p>\n

From Left: David Isiawe, Chief Internal Auditor, Union Bank Plc; Dipo Fatokun, Chairman, NeFF and Director, Banking & Payments System Department CBN; Innocent C Ike, Executive Director, Technology and Services, Skye Bank and Mohammed Dabai Suleyman, CBN Director, FSS 2020 at the quarterly NeFF meeting held in Lagos and sponsored by Skye Bank<\/p>\n

\n<\/p>","protected":false},"excerpt":{"rendered":"

Skye Bank CEO, Tokunbo Abiru has advocated practical strategies, concerted efforts and close collaboration from technology, Telcos and IT security experts to prevent current proliferation of clone apps with its attendant impact on safety of smart phone users in the country. Abiru made this suggestion in a keynote note address on the topic: \u2018Strategizing against …<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[550],"coauthors":[2391],"class_list":["post-17901","post","type-post","status-publish","format-standard","","category-business","category-news","tag-skye-bank"],"yoast_head":"\nData Theft: Abiru, Skye Bank CEO Urges Close Collaboration between Tech, IT Security Experts - National Wire<\/title>\n<meta name=\"description\" content=\"Skye Bank CEO, Tokunbo Abiru has advocated practical strategies, concerted efforts and close collaboration from technology, Telcos and IT security experts to prevent current proliferation of clone apps with its attendant impact on safety of smart phone users in the country.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/17901-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Data Theft: Abiru, Skye Bank CEO Urges Close Collaboration between Tech, IT Security Experts - 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