By Modupe Gbadeyanka
An advanced data security solution designed to protect organisations from data breaches and threats has been launched by Interswitch and Thales.
The new platform, CipherTrust Data Security Solution, was unveiled at a customer engagement forum held recently in Lagos with Chief Information Security Officers (CISOs), Chief Information Officers (CIOs), and Compliance and Risk executives from diverse industries including banks – both commercial and microfinance banks, and fintechs, in attendance.
The Regional Sales Director for Africa at Thales Group, Mr Neil Cosser, described CipherTrust Data Security Solution as “a game-changer in data protection.”
“By leveraging advanced encryption, technologies, multi-factor authentication, and sophisticated fraud detection systems, the data security solution is designed to protect sensitive data and ensure that only authorized users can access it.
“By continuously updating these technologies, we can stay ahead of cyber threats and provide a secure environment for digital transactions,” he added.
In a fireside chat, Mr Cosser said that Thales offers a robust security framework that ensures sensitive data is secure and organisations retain full control and transparency over their information, no matter where it is stored.
“The CipherTrust Data Security Platform represents a new era in data protection. With CipherTrust, businesses can confidently leverage their data’s full potential, while we handle the complexities of securing it,” he explained.
He further stated that beyond data security, the solution can amplify business capabilities, streamline operations, and enable informed decision-making, driving innovation, competitiveness, and sustainable growth.
On his part, the Vice President of Financial Services at Interswitch Group, Mr Tyoyila Aga, highlighted the importance of leveraging cutting-edge technology for data protection, emphasizing the need for compliance and collaboration in the data security ecosystem.
“Our partnership with Thales exemplifies our commitment to leverage cutting-edge technology to protect our clients and partners.
“Regulatory frameworks around data security are becoming increasingly stringent, and organisations must ensure they are in full compliance to avoid penalties and protect their reputation.
“The CipherTrust Data Security platform is designed with these challenges in mind, offering comprehensive compliance features that make it easier for organisations to adhere to local and international regulations. Keep in mind that data security is a collective responsibility and it requires collaboration across industries, sectors, and borders,” Mr Aga said.
