Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


United Bank centre to tackle cybercrime

30 July 2013, 08:03Henry Ifeanyi

Lagos - The United Bank for Africa (UBA) has commissioned a Security Operation Centre (SOC) and forensic laboratory in an effort to secure all its electronic banking transaction and protect its customers from cyber crime.

The security centre and lab, according to officials are the first such facilities in Nigeria and sub-saharan Africa.

Phillips Oduoza, Chief Executive Officer of UBA said the bank decided to invest in a robust information security infrastructure, processes and skilled personnel as a way of managing information security threats.

"Any serious banking institution that wants to succeed in this digital age cannot afford to ignore information security as any major compromise of a bank’s system and network risks colossal damage," he said.

Oduoza said the drive towards a cashless economy and the migration of customers from banking halls to channels, demanded that banks put in place systems and processes that would protect customers and the bank from risk hence the establishment of the centre.

Sam Okenye, UBA Group Head: IT Risk Management, said the deployment of fraud detection solution would help guard against fraud and protect customers against e-channel fraud.

“With our current security infrastructure, we can know what is happening in our systems and network real-time.

"We can detect the sources of blocked attacks and also timely uncover any weakness in our network and systems for appropriate response,” he added.

Speaking at the commissioning in Abuja, Ibedu Onyebuchi, Deputy Director of Banking Supervision at Central Bank of Nigeria (CBN) commended UBA for the initiative.

“UBA has taken a bold step in securing its customers, knowing that banking cannot be practised without adequate control and sound risk management systems,” he said.

- CAJ News


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...