Telecoms Stakeholders Must Harness Power Of New Technologies – Dr Maida


…Says, NCC is committed to building security strategies for industry

The Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), Dr Aminu Maida, has stressed the need for stakeholders in the telecoms industry to move beyond mere compliance and reactive measures, and instead, harness the power of new technologies and trends to build a resilient and future-proof industry.

Dr Maida also said that building a culture of risk awareness has become paramount, saying that as an industry, stakeholders must empower the people with the knowledge and skills to proactively identify and report risks and embed security awareness and risk management practices throughout business processes.

The NCC EVC who stated these at the Telecoms Industry Risk Management Conference which held at the Radisson Blu Hotel, Ikeja, Lagos, on February 20, 2024 with the theme; ‘Evolution and Risk Management in the Telecoms Industry: Harnessing Emerging Technologies and Trends’, stressed the need for a collaborative effort in achieving set targets.
Maida said; “Together, we can build a shared understanding of emerging risks and develop comprehensive mitigation strategies.

“Emerging technologies such as AI should be leveraged to generate data-driven insights needed to predict, detect, and respond to risks in real-time.

“We should also monitor evolving threats and vulnerabilities on a continuous basis and streamline incidence response processes to build a resilient telecom industry,” he said.

The NCC boss also said that the Commission remains committed to fostering an environment that encourages innovation and at the same time prioritizing the security and stability of the telecom infrastructure.

He further said; “As we navigate through 5G and the uncharted territory of the next generations of wireless technologies, collaborative efforts among regulators, industry players, and other stakeholders become even more crucial for sharing best practices, threat intelligence, resources and implementing robust risk management strategies”.

Earlier in his welcome address, the Head of Corporate Planning, Strategy and Risk Management of the Commission, Mr. Kelechi Nwankwo, stressed the need for the industry to analyse, adapt, and effectively manage the risks that accompany innovation and development.

Nwankwo said the fast-disruptive world of the telecoms industry has witnessed convergence of diverse technological advancements with the potential of reshaping our future.

He said; “From 5G networks, the Internet of Things (IoT), and Artificial Intelligence (AI), to Cloud Computing and beyond, the possibilities are limitless.”

In the words of Nwankwo; “With great opportunities, comes great risks, and it is our collective responsibility to address these risks and possibly safeguarding the industry’s growth and sustainability.

“This conference is a testament to our collective commitment towards recognizing the evolving risks and challenges we face, while embracing the immense opportunities emerging technologies and trends bring.

“Together, we will engage in discussions, gain key insights from industry experts, share experiences, and develop strategies to navigate through this ever-changing landscape.

“How we can mitigate technological risks and use technological innovations to provide solutions to address environmental, societal, economic (disruption of supply chains for critical goods and resources) and geopolitical (attacks on critical infrastructure) challenges, appears critical,” he enthused.

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