30th October, 2012
A global IT security, risk management and financial technology company, Wini Group, has rated most online businesses in Nigeria as unsafe.
According to the group, only three per cent of Nigerian businesses, including banks have full proof virtualisation technology on their networks.
Speaking at a forum in Lagos, Wini Group’s Chief Architect, Mr. Tim Pearson said the absence of virtualisation technology makes it easy for hackers to deploy distributed denial of service (DDOS) attacks on the remaining 97 per cent, which can cripple the economy especially the banking system.
Pearson said the remaining 97 per cent of Nigerian businesses are losing 50 per cent of their revenues due to absence of technology.
He stated that businesses are going to need outside help to be able to bring about changes here in Nigeria to make them move up in today’s economy.
“Right now, only about three per cent of companies here are virtualised; they are wasting a lot of money. I can make you more secure today with virtual technology than you ever have with physical technology and I proved it with a forum we had with bankers,” pearson said.
Pearson added that the Wini Group was consulting with banks, businesses and also providing educational infrastructure to get the best teachers to train the students who will train the masses efficiently.
“We depend on Oxygen Network to be able to provide the last mile service to our customers,” he said.
According to him, “there are terabytes of bandwidths lying at the seashore courtesy of Main One Cable, Glo 1 and WACS. We can save over 50 per cent in human capital, electrical resources and move to the cloud. To be virtualised you must educate your people,”
—Henry Ojelu