Experts List Benefits of App Security in Digital Economy
Emma Okonji
Security experts in the technology and banking sector have identified key benefits of having various layers of security on mobile technologies, applications and services, in the digital economy, also known as mobile economy.
The experts highlighted the benefits at a round-table event organised recently by CED Technologies and Appknox, with the theme, ‘How to Think Security First in a Super-fast Mobile Economy – Act or React’.
According to them, putting security first in a super fast mobile economy should be at the forefront of all activities and decision-making processes within the rapidly evolving mobile technology and economy.
The Chief Technology Officer at CED Technologies, Chukwuebuka Ume-Ezeoke, said while people were creating mobile technology solutions that help and better everyone’s life in and out of Africa, there was a need to think security first.
“While companies like Appknox and CED Technologies have built a safe and secured mobile ecosystem using a system plus human approach to outsmart hackers, we believe that it is everyone’s business to think security first, recheck and double check so that businesses can be as secure as possible,” Ume-Ezeoke told Journalists on the sideline.
He explained that the roundtable was basically to bring security leaders, bank executives, chief information security officers, heads of risk management, and even founders for different FinTech apps to encourage everyone to think security first while creating solutions that help and better everyone’s life in and out of Africa.
Ume-Ezeoke, in his presentation, noted that the importance of API Security for organizations, was to prevent data breaches by ensuring that only authorized users and applications can access the data, and that data is encrypted during transmission.
“API security ensures that the organisation a compliant with regulations such as GDPR, CCPA, HIPAA, by protecting sensitive data and providing secure access to APIs,” he added.
The Chief Information Security Officer of FirstBank and its subsidiaries, Harrison Nnaji, listed the key benefits of mobile app security to include data protection, user trust and confidence, compliance and legal protection and then, enhanced reputation and competitive advantage.
“Security trends in mobile security revolve around 5G security, AI-powered security, zero trust architecture, Quantum-Resistant Encryption, Biometric Enhancements, Blockchain for mobile security, mobile threat defense and privacy-preserving Technologies,” Nnaji added.
