In a significant move to strengthen data security in Nigeria, Interswitch Group, a leading African fintech company, has joined forces with Thales, a global leader in digital and data security solutions.

Together, they have launched the CipherTrust Data Security Solution, a highly advanced platform designed to shield Nigerian organisations from the ever-growing threat of data breaches and cyberattacks.

Unveiling the Solution at the Customer Engagement Forum

The CipherTrust Data Security Solution was officially introduced at a Customer Engagement Forum held in Lagos.

The event attracted a high-profile audience, including Chief Information Security Officers (CISOs), Chief Information Officers (CIOs), Compliance and Risk executives, and representatives from various industries, such as banking and fintech. The platform’s advanced features and potential benefits quickly captured the attention of attendees.

A Focus on Continuous Innovation

Thales’ regional sales director, Neil Cosser, emphasised the platform’s commitment to staying ahead of evolving cyber threats. The CipherTrust solution is continuously updated with new features and security enhancements to ensure it remains effective in protecting against the latest attack techniques.

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CipherTrust: A Comprehensive Data Security Solution

The CipherTrust platform offers a comprehensive suite of security features designed to protect sensitive information from unauthorised access. Key components of the solution include:

Advanced Encryption: CipherTrust employs state-of-the-art encryption algorithms to safeguard data both at rest and in transit, ensuring that even if a breach occurs, the information remains inaccessible to malicious actors.
Multi-Factor Authentication: By requiring users to provide multiple forms of identification, such as passwords, biometrics, or security tokens, multi-factor authentication significantly reduces the risk of unauthorised access, even if credentials are compromised.
Sophisticated Fraud Detection: The platform incorporates advanced fraud detection systems that continuously monitor network activity for suspicious patterns and anomalies, enabling organisations to identify and mitigate potential threats before they can cause harm.

Addressing the Growing Need for Data Protection

The partnership between Interswitch and Thales comes at a crucial time when data breaches and cyberattacks are becoming increasingly sophisticated and frequent. The CipherTrust Data Security Solution offers Nigerian organisations a powerful tool to protect their valuable data and mitigate the risks associated with cyber threats.

A Brighter Future for Data Security in Nigeria

The launch of the CipherTrust Data Security Solution marks a significant step forward in strengthening data security in Nigeria. As the platform gains wider adoption, it is expected to have a positive impact on the country’s digital ecosystem and contribute to a more secure and resilient business environment.

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A Brighter Future for Data Security in Nigeria

The partnership between Interswitch and Thales marks a significant step forward in the battle against cybercrime in Nigeria. By providing organisations with the tools and resources they need to protect their valuable data, CipherTrust has the potential to create a more secure and resilient digital ecosystem for the country.

As Nigeria continues its journey toward a digital-first economy, the partnership between Thales and Optimus AI Labs is positioned to play a pivotal role in safeguarding its digital infrastructure.

By providing a robust cybersecurity solution, the collaboration aims to empower businesses and individuals to navigate the digital landscape with confidence and resilience.