<p>As
simple as this poser may look, cyber security risk is indeed, the crux of security
issues and nightmare to business operators, at the moment, around the globe.</p>



<p>Speaking
at the Nigeria-South Africa Chamber of Commerce June breakfast meeting on June
27 at Eko Hotel, John Anyanwu, Partner, Technology Advisory, KPMG Nigeria,
explained that every living individual, government institution, multinational corporations
and other business entity are exposed to cyber security risks.</p>



<p>Anyanwu,
a certified security auditor, hinged his submission on the level of internet
adoption by human and corporate organizations where “everything is connected,’
adding that likelihood of connecting the human body through chips is high. </p>



<p>At
the meeting with a Theme “Managing Cyber Security Risk in Today’s Business Organizations,”
Anyanwu explained the multifaceted nature of cyber security risk  ;is such that Chief Executive officers in
multinationals have had to resign as a result of lapses in the management of unpleasant
developments especially when customers’ data get exposed to the wrong people. “Yahoo
has millions of users and when users’ data got exposed, there was a serious reprimand.
Nigeria is becoming exposed to cyber attack.”</p>



<p>As
a remedy, Anyanwu stated, among other plethora of advice,  ;that management must “be proactive, imbibe the
spirit of continuous awareness creation and take threat identification very
seriously,” even as he added that “companies should always prepare for attack”
as no file is safe in the prevailing situation.</p>



<p>He
also admonished stakeholders to avoid wholesome confidence that all is well by joining
“cyber community” for the purpose of intelligence gathering and sharing. </p>



<p>He ; alluded to SWIFT’s experience where the
company had to  ;initiate  ;“community of cyber operators” to fight cyber
security threats after being hacked in 2015 and huge sum of money lost.</p>



<p>In
a company, “once the cyber security aspect is right, assurance of peaceful
regime for progressive business operations would be guaranteed,” he said.</p>



<p>KPMG, a tax, risk and audit service provider, through a  ;combined  ;multi-disciplinary approach with deep, practical
industry knowledge in helping  ;clients
meet challenges and respond to opportunities, sponsored the June breakfast
edition. </p>

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