By EMEKA AGINAM

ADDRESSING the level of threat and cyber attack in the financial market,  Computer Warehouse Group (CWG),  in partnership with  MAG Tech, a specialized information security and intelligence company, recently organized an information security session in Lagos for financial and technology experts to address issues around cyber attacks and fraud in the sector.

At the forum that attracted decision makers charged with security in the financial sector and technology,  experts  deliberated  on the new  measures  that will curb cyber attacks and fraud in the industry.

The  Chief Technology Officer of CWG, Mr. James Agada who spoke at the forum told the gathering that  CWG as a technology company, goes beyond enabling businesses with products and solutions to concepts that will ensure 100 per cent security of all the customers’ transactions.

Product and product knowledge, he said  were not adequate to achieve the end result of any business solution, and hence the need for the new concept, which is centred on how to detect and react to fraudulent transactions.

According to Agada,  50 per cent of the transactions in the industry were running on the servers that were being managed by CWG engineers.

He assured that CWG was committed in ensuring that  these skills were  internalised in Africa. “Information security is crucial to us and our customers,” he said.

For the Chief Technical Officer  of  MAG Tech, Mr. Nadav Arbel, he said in his presentation that cyber-attack originated from the Darknet which is the illegal part of the internet.