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ISSAN seeks closer collaboration with EFCC on cybersecurity

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The Information Security Society of Africa-Nigeria (ISSAN) is calling for stronger collaboration with the Economic and Financial Crimes Commission (EFCC) to bolster cybersecurity and combat internet fraud in Nigeria.

This appeal was made by ISSAN Vice President Martin Ikpehai during a recent visit to the EFCC headquarters in Abuja.

Highlighting the critical need for a unified approach to cybercrime, Ikpehai commended the EFCC’s efforts in curbing digital crimes and stressed the importance of a sustainable strategy to dominate cyberspace over fraudsters.

“Every business now operates in the digital space, and as businesses move online, so do criminals,” Ikpehai noted. “The EFCC has made significant strides in fighting digital crime, and we believe a synergistic partnership between our organizations is crucial.”

Ikpehai also expressed concern over the rise of “yahoo schools”—institutions reportedly teaching cybercrime—underscoring the urgency of enhanced cooperation with ISSAN. “It’s alarming that such schools exist, and it underscores the need for our collaboration to combat this growing menace,” he added.

ISSAN, he explained, plays a vital role in educating various segments of society about cybersecurity, including secondary school students, university students, and the general public. He praised the EFCC’s Eagle Eye app as a powerful tool in the fight against internet fraud.

Responding, EFCC Executive Chairman Ola Olukoyede welcomed ISSAN’s commitment to cybersecurity. He emphasized the necessity of engaging all stakeholders in the battle against cybercrime.

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“To effectively combat technology-driven crime, our approach must also be technology-driven,” Olukoyede stated, pledging the EFCC’s ongoing dedication to staying ahead of cybercriminals.

The ISSAN Industry Roundtable had previously advocated for a unified Nigerian Identity System, integrating international passports, phone numbers, and Bank Verification Numbers (BVNs) into a single, interconnected file to better track cybercriminals.

They also called for updated regulatory guidelines and improved collaboration between financial sector regulators, industry operators, and the Nigeria Inter-Bank Settlement System Plc (NIBSS).

David Isiavwe, ISSAN President, highlighted the need for continuous vigilance and innovation in cybersecurity. “Cybercriminals are relentless; therefore, operators and regulators must remain ever-vigilant.

Protecting cyberspace is a collective responsibility,” Isiavwe asserted. He also noted that financial institutions play a critical role in the future of financial services, emphasizing the need for stringent monitoring and automation of security controls.

ISSAN, a non-profit organization, is dedicated to safeguarding Nigeria’s cyberspace and ensuring the security of banking systems.

It serves as a platform for information exchange, collaboration, and idea-sharing to create a safer payment ecosystem.

(Edited by Oludare Mayowa; omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138)

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