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ARTICLE · 08 DECEMBER 2015

Why Companies May Need To Implement New Security Architectures In A Cashless Society

The current security architecture of many Nigerian companies can be likened to a house that has a wooden foundation, a glass wall and a steel roof.

NigeriaPrivacy

The security of any organization should be a board issue as its impact affects the organisations strategic position and brand. Security has to be implemented in a top-down approach with the board setting the tone, direction and tolerable risk levels.

The current security architecture of many Nigerian companies can be likened to a house that has a wooden foundation, a glass wall and a steel roof. This is one major reason why despite the recent huge investments in information security by some companies, there are still many "cracks in the wall" and security breaches easily undermine such investments. What do we mean by this?

Let us take the financial institutions as an example. Over the years many companies have been very reactive as regards security because their security architecture was driven by the prevalent security issues or regulatory requirements at the time. They probably have never come together as a business to draw up a comprehensive security architecture

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