In 2022, the Nigerian financial sector recorded financial losses worth more than N2 trillion to cybersecurity breaches, Chief Executive Officer and Co-founder, Cybervergent, Adetokunbo Omotosho, said yesterday.

Speaking with reporters in Yaba, Lagos, he said there is an urgent need for the business community to build a robust cybersecurity solution and resilience to mitigate future losses.

He said: “In today’s data-driven world, customer trust is paramount. A breach can erode trust and damage a company’s reputation. Prioritising cybersecurity demonstrates a commitment to protecting customer data, fostering trust, and maintaining a positive brand image.

“Many industries have stringent regulations regarding the protection of sensitive information. cybersecurity measures ensure compliance with these regulations, avoiding legal consequences and financial penalties for organisations found wanting.”

He said as businesses embrace digital transformation, cybersecurity becomes an enabler for innovation because secure digital platforms and emerging technologies empower organisations to explore new business models and stay competitive.

“For us, we understand that cybersecurity is not just a defensive measure but a strategic asset that empowers businesses to thrive in the digital landscape.

“Our solutions are designed to be proactive, adaptive, and aligned with the dynamic needs of modern enterprises. By helping automate the fortification of our client’s our cyber defenses, we contribute to their overall resilience and service to their customers.

“We recognize that cybersecurity is not just a defensive measure but a strategic asset that empowers businesses to thrive in the digital landscape. Our solutions are designed to be proactive, adaptive, and aligned with the dynamic needs of modern enterprises.

“More so, cybersecurity is fundamental in securing critical national infrastructure such as power grids, communication networks, and financial systems. A cyber-attack on these infrastructures could have severe consequences for the nation’s stability and well-being. Cybersecurity is closely tied to the economic health of a nation. Successful cyber-attacks can disrupt national activities leading to economic losses and potential job cuts.

“Constant monitoring and analysis of cyber threats provide valuable intelligence for national security agencies. Collaboration between the public and private sectors is crucial to sharing threat intelligence and responding effectively to emerging cyber threats. In essence, investing in robust cybersecurity measures is an investment prosperity,” he said.

He said Cybervergent is committed to playing its part in fortifying the cyber defenses that underpins our clients’ and national well-being.

He said the company provides automated, AI-powered cybersecurity solutions, to some of the biggest organisations that can ever think about.

“I must inform you that we recently pivoted from Infoprive to Cybervergent, a pioneering technology company dedicated to revolutionizing the cybersecurity landscape in Africa. This strategic shift marks a significant milestone in our unwavering commitment to pioneer Africa’s cybersecurity through innovation, automation, and all-encompassing scaled solutions.

“For us, Cybervergent represents not just a name change; it embodies the convergence of cutting-edge technology, visionary leadership, and our resolute commitment to safeguarding businesses in the digital age on the continent, starting from Nigeria, Africa’s largest economy.

“With our refreshed brand identity, we are poised to evolve the cybersecurity landscape, offering a comprehensive suite of solutions designed to thwart cyber threats, streamline security operations, and enhance overall business resilience,” he said.

He said the company is setting a new standard in the cybersecurity space with its advanced automated platform leveraging artificial intelligence and machine learning algorithms. This innovative approach empowers businesses to fortify their digital assets, detect real-time threats, and respond swiftly to evolving cyber breaches.

“Our proprietary technology ensures seamless integration, allowing organisations to proactively protect their networks, data, and applications from malicious intrusions.

“Our rebranding to Cybervergent signifies a transformative journey from advisory services to a technology powerhouse. Now, our specialised focus on cybersecurity enhances our capabilities to provide tailored, automated solutions addressing the unique challenges faced by modern businesses.

“Cybervergent’s team of seasoned experts and engineers is dedicated to staying ahead of cyber threats, ensuring that businesses are shielded from the ever-evolving digital risk landscape.

“Recently, we were certified in the Platinum category by the Great Place to Work Institute following the completion of a full assessment of our work environment and outstanding employee experience. The award, which is a measurement of an organisation’s Trust Index score, underscores our commitment to our employees as they remain a key driver of our successes.

“As a business, we understand the critical role that cybersecurity plays not only in protecting organisations but also in safeguarding the national security of our country,” he said. (The Nation)

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