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The Financial Institutions Training Centre (FITC), successful collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), is tackling blase fraud schemes successful fiscal services sector, including cross-border ransomware attacks connected governments and businesses.
This, it is doing, done its ‘ThinkNnovation Cybersecurity Conference 2025’. FITC stated that the conference, with the theme, ‘Securing Tomorrow: Cyber Resilience, Intelligent Defence and the Architecture of Trust successful a Borderless World,’ would commence connected October 22, at Four Points by Sheraton, Victoria Island, Lagos.
The MD/CEO of FITC, Dr. Chizor Malize, said: “Cybercrime has go 1 of the astir urgent threats facing Africa’s integer economy. From blase fraud schemes successful the fiscal services assemblage to cross-border ransomware attacks connected governments and businesses, the outgo of cyber insecurity is mounting astatine an alarming pace.”
This year’s theme, “Securing Tomorrow: Cyber Resilience, Intelligent Defense and the Architecture of Trust successful a Borderless World,” reflects the captious request to fortify Africa’s cyber defenses arsenic integer translation accelerates crossed each sector, she said.
The African integer system is experiencing an unprecedented surge. Mobile payments, blockchain adoption, integer lending, and cross-border e-commerce are reshaping the fiscal and commercialized landscape. Yet, this accelerated enlargement has travel with staggering risks. According to the African Union’s Cybersecurity Outlook 2024, cybercrime costs the continent an estimated $4 cardinal annually, with Nigeria, Kenya, and South Africa accounting for much than fractional of the losses.
Criminals are shifting from high-volume attacks to precision-targeted strikes that exploit systemic vulnerabilities. In Nigeria alone, manufacture reports uncover multi-billion-naira losses linked to phishing, insider collusion, ransomware, and large-scale fraud schemes that straight undermine spot successful fiscal services.
“As Africa moves boldly into the integer age, its economical aboriginal depends connected 1 connection — trust. ThinkNnovation 2025 is not conscionable different conference; it is simply a level for urgent dialog and factual action. We indispensable plan cyber resilience into each furniture of our systems — payments, identity, regulation, and infrastructure — if Africa is to unafraid its integer tomorrow,” she pointed out.
The ThinkNnovation Cybersecurity Conference 2025 is designed arsenic a effect platform, bringing unneurotic regulators, CIOs, CISOs, CROs, slope executives, fintech founders, policymakers, and planetary experts to face the continent’s astir pressing cybersecurity challenges.
Unlike generic tech events, ThinkNnovation is structured arsenic a solution-driven convening, with sessions curated to foster actionable strategies, argumentation frameworks, and collaborative defenses. Delegates volition prosecute done high-level keynotes, dynamic plenary discussions, investigative panels, and simulation exercises that replicate real-world onslaught scenarios connected fiscal networks.
The ThinkNnovation Cybersecurity Conference 2025 builds connected this momentum by providing a neutral level for dialogue, cognition exchange, and collaboration. It is designed to alteration stakeholders to determination beyond conversations and toward applicable solutions—whether done the improvement of associated cybersecurity frameworks, the issuance of argumentation communiqués, oregon the instauration of caller public-private partnerships.
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