Nigeria's SEC Needs Cyber Unit
Nigeria's Securities and Exchange Communication (SEC) needs to create a cyber unit as the world of commerce and money moves online. And when it does, it needs to hire people with skills and capabilities to run the unit.
Over the last few weeks, we have seen things in the Nigerian business-sphere that SEC cannot just ignore. From Bitcoin exchanges to local cryptocurrency to initial coin offerings; they are emerging. Yes, all these are happening in Nigeria.
The SEC cannot pretend that it is not aware. They could learn from the U.S. SEC which has created a Cyber Unit.
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The Securities and Exchange Commission ... announced two new initiatives that will build on its Enforcement Division’s ongoing efforts to address cyber-based threats and protect retail investors. The creation of a Cyber Unit that will focus on targeting cyber-related misconduct...
It is time and the SEC needs to make it happen.
