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October 26, 2016BY StudyAbroad ( 0 ) Comment

Cyber Threats in Nigeria has been the major hindrance to development as most companies find it difficult to put salient Information on the Internet.This write-up clearly shows five ways Cyber Threat can be an advantage and help you get more Business if you can follow the following Cyber Security tips below
Business is a particular Trade or Profession…..
The purpose of starting any trade or going into any profession is to grow and develop along with it.
In the exact words of Uwe Michael Mueller posted on the 6th of January 2014. Entering a new year provides a rare opportunity to take stock and set yourself meaningful goals for the future. And to do so effectively, you must look back at, and dissect, the themes of the year gone by, to identify where new opportunities lie. During 2013, I was struck by the continued encroachment of Cybersecurity onto senior management’s radar and the emerging opportunities for engagement with other areas of the business. Combining these two issues to positive effect in 2014 should be a clear personal goal for a CIO.

In as much as one expects stricter regulations to restore confidence in the people, or tie the noose on dubious platforms, the Cyber Security Law, 2015 can serve some purpose here. Never the less the key lies with the e-commerce platforms to raise alarm when ‘illegitimate’ operators deploy their dragnets in wait for innocent online customers or shoppers. Intelligence sharing will go a long way curtailing online fraud.
There is no need pretending that technology does not fail sometimes. It does fail sometimes, but the rate of failure has drastically reduced and cannot be the sole reason for an e- commerce platform
How can Cyber security help us grow our businesses or get more customers? In this 21st Century era where everything is becoming technology inclined. Our daily life, economic vitality, and national security depend on a stable, safe, and resilient cyberspace.
Cyberspace and its underlying infrastructure are vulnerable to a wide range of risk stemming from both physical and cyber threats and hazards. Sophisticated cyber actors and nation-states exploit vulnerabilities to steal information and money and are developing capabilities to disrupt, destroy, or threaten the delivery of essential services.
I’ll briefly highlight five (5) ways in which Cyber Security will help in the growth of businesses.
Cyber Security Insurance Protects businesses and individuals from Internet-based risks and from risks relating to information technology infrastructure and activities.
Based on my readings and findings The U.S department of Homeland Security stated that Cybersecurity insurance is designed to mitigate losses from a variety of cyber incidents, including data breaches, business interruption, and network damage. A robust cybersecurity insurance market could help reduce the number of successful Cyber Attacks by:
 Promoting the adoption of preventative measures in return for more coverage; and
 Encouraging the implementation of best practices by basing premiums on an insured’s level of self-protection.
 We will see businesses from all sectors increasing their online presence and digital exposure, from using social media more broadly and shifting into the cloud, through to more widespread adoption of mobile devices and big data. All of this will drive great innovation, but will also inevitably leave companies more vulnerable to cyber-attack.
 Combating Cyber Crime; Today’s world is more interconnected than ever before. Yet, for all its advantages, increased connectivity brings increased risk of theft, fraud, and abuse.
 Reporting and Desktop Recorder
Statistics from Connect Smart show that 96% of Kiwi businesses rely on the internet and technology for their day to day activities. Estimates show that we could add over $34 billion to our economy if we used the internet more effectively.
As a nation, we need to build off of the foundations we already have. We need to continue to develop a diverse and sustainable pool of cyber talent; blending policy, law, business, psychology and technical skills. We need to harness our creativity to incubate and develop innovative solutions. And most importantly, we need to embed a lasting shift to the way we think about cyber so that we move beyond the traditional modes of only viewing it as a risk, or a problem that we can finitely solve. Instead, we should recognize cyber as a required ongoing capability of the world we now live in and embrace it as a platform for growth.

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