Cybervergent Harps on Digital Trust as Businesses Go Digital

Emma Okonji

The Chief Executive Officer of Cybervergent, Adetokunbo Omotosho, has emphasised the need for digital trust as Nigerians move their businesses and transactions online.

Omotosho who gave the advice in Lagos, stressed on digital trust and security, especially now when businesses have gone digital, adding that Cybervergent prides itself as the company that ensures digital trust.

According to him, “A breach can erode trust and damage a company’s reputation. Prioritising cybersecurity demonstrates a commitment to protecting customers’ data, fostering trust, and maintaining a positive brand image.”

He said in 2022, the Nigerian financial sector recorded financial losses worth more than N2 trillion to cybersecurity breaches. He therefore insisted there was an urgent need for the Nigerian business community to build a robust cybersecurity solution and resilience to manage future losses.

“Many industries have stringent regulations regarding the protection of sensitive information, but cybersecurity measures ensure compliance with these regulations, avoiding legal consequences and financial penalties for organisations found wanting.

“As businesses embrace digital transformation, cybersecurity becomes an enabler for innovation. This is because secure digital platforms and emerging technologies empower organizations to explore new business models and stay competitive,” Omotosho said.

According to him, cybersecurity is fundamental in securing critical national infrastructure such as power grids, communication networks and financial systems.

He explained that a cyber-attack on these infrastructure could have severe consequences for the nation’s stability and well-being.

Omotosho noted that cybersecurity was closely tied to the economic health of a nation, adding that successful cyber-attacks could disrupt national activities leading to economic losses and potential job cuts.

“Constant monitoring and analysis of cyber threats provide valuable intelligence for national security agencies. Collaboration between the public and private sectors is crucial to sharing threat intelligence and responding effectively to emerging cyber threats. In essence, investing in robust cybersecurity measures is an investment prosperity,” Omotosho said.

He noted that his company understood that cybersecurity was not just a defensive measure but a strategic asset that empowered businesses to thrive in the digital landscape.