• Home
  • About Us
  • Contact Us
Saturday, August 2, 2025
Star Lite News
  • Home
  • News
    • All
    • Business
    Natasha Akpoti-Uduaghan

    “My Suspension Was Fraudulent” – Natasha Akpoti-Uduaghan Challenges Akpabio, Denied Access to NASS

    SunTrust Bank

    $12M Money Laundering Trial: SunTrust Bank MD Halima Buba, Executive Face EFCC Witness Testimony in Court

    Buhari

    National Tribute: Public Holiday Declared in Memory of Buhari’s Service to Nigeria

    Okpebholo

    Governor Okpebolo Floors PDP At The Supreme Court

    NYSC

    NYSC Sanctions Corps Member Raye Over Criticism of President Tinubu, Sparks Outrage

    Suspension

    Benue Governor Alia Suspends Chief Press Secretary Indefinitely

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Tom Njemanze

    Nollywood Loses Another Legend: Tom Njemanze Passes Away

    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

    Netflix

    Netflix Investments Give Life To Nollywood Projects

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
  • Home
  • News
    • All
    • Business
    Natasha Akpoti-Uduaghan

    “My Suspension Was Fraudulent” – Natasha Akpoti-Uduaghan Challenges Akpabio, Denied Access to NASS

    SunTrust Bank

    $12M Money Laundering Trial: SunTrust Bank MD Halima Buba, Executive Face EFCC Witness Testimony in Court

    Buhari

    National Tribute: Public Holiday Declared in Memory of Buhari’s Service to Nigeria

    Okpebholo

    Governor Okpebolo Floors PDP At The Supreme Court

    NYSC

    NYSC Sanctions Corps Member Raye Over Criticism of President Tinubu, Sparks Outrage

    Suspension

    Benue Governor Alia Suspends Chief Press Secretary Indefinitely

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Tom Njemanze

    Nollywood Loses Another Legend: Tom Njemanze Passes Away

    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

    Netflix

    Netflix Investments Give Life To Nollywood Projects

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
Star Lite News
No Result
View All Result
Home Banking News

WEMA Bank MD Counsels Accountants On Cyber Security, Data Protection

starliteadmin by starliteadmin
February 22, 2022
in Banking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on WhatsAppShare on Twitter

Mr Ademola Adebise, the Managing Director and Chief Executive Officer of Wema Bank Plc, has advised accountants to store data safely and protect them against cybersecurity threats and other criminal breaches.

Adebise said this on Tuesday at the 16th Institute of Chartered Accountants of Nigeria (ICAN) Western Accountants Conference themed ‘Digital Economy: Whither the Professional Accountant’ held in Ijebu-Ode, Ogun State.

The MD/CEO who stressed the importance of data storage and security said that accountants in the digital age must be flexible and knowledgeable to save data on storage devices on-premises or in the cloud.

He also noted that in case of loss or data corruption, the 21st-century accountant needs to be conversant with the Disaster Recovery Plan (DRP) to mitigate loss.

Mr Adebise explained that “a large amount of data is sitting on storage. As accountants, we need to safeguard our storage and be versed in data recovery and business continuity planning should there be a loss or corruption of data.

“The accountant must know contemporary issues on cybersecurity – ensuring that digital information is safe and secure, at all times. Going digital exposes you to risk from hackers. So, as an accountant, you need to have an in-depth knowledge of cybersecurity and must know the various data and information security standards to audit the environment.”

Apart from being security conscious and storing data securely, the MD/CEO further noted that modern accountants should understand the changes taking place in the profession, including the evolution from traditional data collection methods.

He said, “these include using Enterprise Resource Planning systems that are interconnected to process data from production, distribution, marketing, and sales. The accountant, therefore, needs to be skilled to understand the complexities, transaction flows of the new ways of doing things and understand what data is saying.”

In Nigeria, the most popular forms of cybercrimes that accountants and other professionals in the financial services sector are susceptible to include fraudulent electronic mails, identity theft, hacking, cyber harassment, spamming and Automated Teller Machine spoofing.

The biggest, however, is still fraud emails. The Nigeria Electronic Fraud Forum (NeFF) revealed that bank customers lost N3.6 billion to cyber-fraud in two years (2017 and 2018).

Data released by the Nigeria Inter-Bank Settlement System (NIBSS) also showed attempted fraud in 2018 alone was about N9 billion.

Tags: 16th Institute of Chartered Accountants of NigeriaICANIjebu-OdeManaging Director and Chief Executive OfficerMD/CEOMr Ademola AdebiseOgun StateStarlitenewsWema Bank PlcWestern Accountants Conference‘Digital Economy: Whither the Professional Accountant’
Previous Post

Dangote Group raises alarm over fake cement promo, warns public

Next Post

Fidelity Bank GAIM 5 Promo: 10 More Customers Become Millionaires

starliteadmin

starliteadmin

Related Posts

TAJBank

System Error: TAJ Bank Drops Court Case to Recover Funds Transferred to 26 Banks

by starliteadmin
July 25, 2025
0

TAJ Bank Ltd experienced a major system glitch in March, resulting in unauthorized transfers totaling N957.4 million to accounts across...

Zenith Bank

ZENITH BANK NAMED NIGERIA’S BEST BANK AT EUROMONEY AWARDS FOR EXCELLENCE 2025

by starliteadmin
July 21, 2025
0

Zenith Bank Plc has been named “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025, emerging as Nigeria’s standout...

Ecobank

Ecobank Unveils Customer Value Proposition to Drive a Sustainable Education Ecosystem

by starliteadmin
July 7, 2025
0

Ecobank Nigeria, an affiliate of the leading pan-African banking group, Ecobank Group, has announced a comprehensive suite of innovative financial...

Zenith Bank Plc

Zenith Bank Ranked Number One Tier-1 Bank In Nigeria For The Sixteenth Year In A Row In The 2025 Top 1000 World Banks’ Ranking

by starliteadmin
July 5, 2025
0

Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth...

Unity Bank Plc

World Environment Day: Stakeholders at Unity Bank Webinar Demand Urgent Action on Plastic Pollution

by starliteadmin
June 24, 2025
0

Environmental activists and climate change advocates seized the opportunity of a webinar hosted by Unity Bank to call for urgent...

Zenith Bank Plc

ZENITH BANK ASSURES INVESTORS ON EXIT FROM CBN’S REGULATORY FORBEARANCE BY 30TH JUNE, RESTATES COMMITMENT TO CONTINUED DIVIDEND PAYMENT

by starliteadmin
June 19, 2025
0

Zenith Bank Plc, Nigeria’s biggest bank by Tier-1 Capital, has assured shareholders and investors of its readiness to satisfy all...

Next Post

Fidelity Bank GAIM 5 Promo: 10 More Customers Become Millionaires

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

  • Tinubu and Timothy

    Prince Chukwudi Timothy Appeals For Dialogue Instead Of Nationwide Protest

    0 shares
    Share 0 Tweet 0
  • Peter Obi says victory of Christ the King College at World Affairs Challenge heartwarming

    0 shares
    Share 0 Tweet 0
  • Family reveals Ifeanyi Ubah’s burial date

    0 shares
    Share 0 Tweet 0
  • ACEACRES24: Akmodel MD Makes Presentations At The 2Days Event (Photos)

    0 shares
    Share 0 Tweet 0
  • Legends of Nollywood Financial Summit Is Here, Meet The Speakers: Apostle Anselm Madubuko, Mrs. Bukola Agbaminoja, Pst. Moji Bakare Asieru-sweet, Others

    0 shares
    Share 0 Tweet 0

Recent Posts

  • ICAN Fidelity Bank Chapter Inaugurates New Chairman
  • Minister Extols Dangote Cement, Seeks Partnership To Bridge Housing Gap
  • Union Bank’s Union Cares Initiative Celebrates Academic Excellence at Pacelli School for the Visually Impaired Graduation
  • Dr. Odegade Leads Akmodel Delegation to Celebrate Culture and Beauty at Eko Heritage Event (Photos)
  • Victory Rewarded: Super Falcons Receive OON, Apartments, and Millions in Cash from Tinubu and Governors
Starlite news icon

Browse by Category

Archives

  • Home
  • About Us
  • Contact Us

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Contact Us
  • About Us
  • Business
  • Politics
  • World
  • Entertainment
  • Lifestyle

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

  • https://starlitenews.com.ng/2024/08/05/bobrisky-finally-released-from-prison-video/
  • https://starlitenews.com.ng/2024/11/04/access-holdings-total-assets-grows-to-%e2%82%a641-1-trillion-in-q3/
  • https://starlitenews.com.ng/2024/05/14/aigboje-aig-imoukhuede-appointed-president-of-france-nigeria-business-council/
  • https://starlitenews.com.ng/2024/05/30/propranolol-sans-ordonnance-en-pharmacie-francaise/
  • https://starlitenews.com.ng/2024/02/16/ecobank-seeks-entries-for-international-art-exhibition-234art/