30 I BUSINESS
1HE GtlARDlAN.l\.Jesdal( June 19,2012
cash-less scheme: Experts advocate increased information security By"""'~
'''11TH the u.'fIual Bank or
Y ~ JI!i~'s GlSh less KO~ my Inll:iaUWOgradU IUy becomIng the nonn 0: the day, £rom .us.-baSed experts Infoonation Tcchl1ology (IT) security finn l sa eN~ Inc... h>..country Impl.... ",nl"nl..the In the to Imp'"O\leoo !liC'CUrityill'tlUndtlulrdataand Infonnation $)ISletn In order ro mltigalr thfl!ats md vulner· abilltJr5 thai nlay arise.. Al an rr security stmlnar.ln Lagos at the weekend, SafeNl!I's Rt~lolal Sales Director, Middle East and Africa. SebastJ!'n p,.vfe, SolIld with the coming If cash-less polic}t security is )lfilIllOWt[ for organisation: such as b<lnks, te.lecommunlcatioru and other electrol Ie-business I om~nles. (e-buslneu) Pavie., who said II e Imtiati'o"e. would do a 101 In ImpTOYtng lIle countrls econ:nny; noted that;"Cash-les:s ~ dres.alot of security componetLlS, such as
• • tie notrd that WlNI Group, hybrid s«urity models that .se:ntiltl~ III Nigeria. Tim In Nigeria If flffilflC~1 intu- And now that Ca:Jnmxm iI,!d In coll.i!.boration with SaIeNeI: c.m secure over.tll 5KUf1l)' A1ano, added: -nit: astJ.-I6S Itions do not lake: rJw: issue of Nlgelia haw: bt-I!n kientlfied III and 24 oth~ security ~ risk mnsanlons p.trtlcularl~ economy dirKlive by the rr S«Urlty seriously; 1M- said the world ~ th!' twO most mana ement nnns, h.u CUrl'
encryption' of d.1I:a~· h:Cording to him, with the camp_my's expertlst' in <UtA prolKtlon, authentication and enayption. he said SafeNfl.'s sOlutions wUl help
.""n"'lIon< 1...1 01SKUrity andg'" solve""'. dir challe~ they mlghl faa as the .scheme ~ to other paru of the countl')t nle company's VIce P~Jdenl. sales, South!!rn Europe,Mlddle EastandAfrica. MigUel 81'i1Otos, added that for the cash-ksS policy to be suec6Sful, elKuonlc pdyment organlgtioru ~uire flexible anCt scal~ble authent:latJon solutJons that will enable them secu~ user identitir5, enend protection to highly sensitive IransactiolU, ana evolvt: qukldy to add~ new e-nvironmenu, from mobile to vinuaL A1sospealdng. ViaChainnan of\vtNl Group,s.afeNet's rep~
Central Bank of Nigeria hOls thrown up and broUgtlllO the fore, vulnerabilities existing In Nigeria's e<ommerce pial. fonn, dOl'" breach~, identity thehandahostofothe.rpussIng ·Additionally. lhrrr <•• Is the genent apprehension about l1!Iilng el«tronlc platfonns for transatioru, eSpKlally for those who ha~ got th!!lr fingers bumL Thus, It Is Imper;Uyt for financial and assoClaled $«lars to ensure securityo{ IlOf just theplatform,but more Imporuntly, safety of custornersastfieycanyoutfinanclal servias within the cash16S Konomy: Akano noted that fPCt'm repon bvglobal ~yments processJng hrms, MasteTCud and Visa, estJmated Ihal In the month of April 20U, about LSmllllon MasterCard and Visa cards wer!! compromised. "This incidmce may ~
He pointed out WI dati from banks and othrr companles Involved In ~yment were already being hacked Imo Imernally and utem.;illy.
notoriou.s countries with rqards to e-p.a.~t fraud, all hands must be on deck [0 ensurerucce.ssoftheC4l!Jih..less policy,Akano said.
rom g e In wholt'SllC' IT5KU~ludons. risk management, business process optimisation SCIVlc~ physl. al .security and uillning.
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11,,,,,,. 'Cassava bread will reduce cost of I'mportao"on' "THE AssocIation of Small .lScaJe 118m ProdUct!TS In Nigeria (ASSAPIN) said on Tuesday thai the Feder.1i Government InltiatM! In sui> stltutingwheat Ilourwith cassava fiour In bread making would mluce cost rI bnpornlion. The Associalion's National VIce President. loshua Mabinuorl, who staled this In an lnten1ew with the News
~ency o( NlgeMa. III liebu-OOe,OgunStaIe.,saklthelnltia1M!: Is a policy In wright dlreo:Ion. "We all know thai the wheat weare using to produce ~ Is being Imponed Into the
counIlJSolfwe~subslitut.
emtnem for not arryIng small-!IiG11!! {annl!T5 along bdin the bill lOr CiUSaIIiI In IxeadwassenltowNational cost of Importation_ Assembl\t -And as I'r5l..l.II ollh1s. the Tile ASSAP1N boss lllOOeY bring ~t on wheat noted that ~IHa)e farm:ers Imponation will go InlO the who ~ the dlnn bendidar. podceu of the IoCaJ cassava lesoCthe bUl were Ignonnt of b.rmersratherthanPOCkrtsof the contents or tM: bill IOreign fanner.; and this will ~Ir government is talking eYenlUollIy lurn the «OI'IOI'I1y about fanners' need withoUi around for good. gt'ltingin touch with thumal~Besides, It will also m;wltO ScaJe farmersallne.grassltlOtS. Job CTNtlon because more then ills nOi the nerd of ~ peop)ewlU be altIilCled 10 GS- fanners that gavt:mment ~ saVil farming due 10 readily Int~ed In. available buyers. "As~ as the bllIls,~ 'n all the Idea Is a ~ me'Jlt 1i:II\Ied to c:any thto farm~n[ and we appre.d- mi aJong and this should not atethe.~tforthlslnJ. be the case because without tiat.iYe MKJII shows !.hal then! fal'1J'le.lS I~I then! is Is stlll hope for the sma.lJ-5c;lle no how the Inltlallve can (armm in the coun· berealisedButallthesunewe u~" M.abinuori said. are in suppan o( the bill" he He howeYet critid.5ed the goy- Yid. jog the imported wheal with the locally produced ~ II means we ill!! ~udng th!!
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