Country
Nigeria

Source
Article by Famsville Solicitors

Title
Cybersecurity: understanding the threat landscape and lessons from the GDPR for Nigerian entities by Ridwan Oloyede

About
Dated Nov 2018 | Famsville Solicitors is a Legal Firm | In-country | Advise on data protection and privacy policy; breach and risk management, and data and security breach notification. | Have got 3 blogs on cybersecurity issues in Nigeria | Central Bank of Nigeria Issues Draft Cybersecurity Guideline for Deposit Money Banks (DMB) and Payment Service Provider (PSP) dated Nov 2018 | Cybersecurity: understanding the threat landscape and lessons from the GDPR for Nigerian entities dated Nov 2018 | Privacy and Security In Nigeria’s Health-care Sector dated Nov 2018 | Towards a child online privacy protection (framework) in Nigeria dated Nov 2018

Key findings
Gives lots of links to other info/companies | Covers CPPA 2015, other National Strategy, GDPR | One of the biggest problems is low reporting by companies that have been attacked. Largely, the companies seek to avoid a public backlash, liability, risk and reputational loss | The 7 days for reporting is considered too long compared to 72 hours under the GDPR and report is only made depending on the extent of the breach, not every breach is mandated to be reported. | The cost of cyber insurance in the US is valued at over $1 billion | Nigeria scored low on the GCI in areas of cybersecurity good practices, homegrown industry capability, international legal collaboration, cybersecurity training, and availability of cybersecurity metrics. | The traditional view is to consider cybersecurity as a cost. The trend is shifting towards it being considered a strategic business enabler that should be optimised | For Nigeria to stay ahead of the threat curve, they need to continually invest in research, build local cyber threat management infrastructure and enhance the ability to anticipate, detect, respond and contain information security threats.

Website
https://www.famsvillelaw.com/?s=cyber+security+