The Office of the National Security Adviser, traditionally focused on military and physical security matters, might lack the specific expertise required to manage a dedicated cybersecurity fund effectively
XDR uses automation and analytics to detect, analyze, hunt, and remediate threats. It provides visibility into data across networks, clouds, endpoints, and applications.
The Bureau is mandated to, inter alia, oversee the implementation of the Nigeria Data Protection Regulation (NDPR) which was issued by National Information Technology Development Agency (NITDA) in 2019 as a subsidiary legislation of NITDA Act, 2007.
It bothers me as a cybersecurity advocate if the fund will be put into providing cybersecurity measures and strategies to help mitigate the increasing cybersecurity threat landscape in Nigeria.
The CBN said that all banks, other financial institutions, and payment service providers are now required to implement the directive, saying, “The levy shall be applied at the point of electronic transfer origination.