A cybersecurity management firm, Seamfix has urged banks in the country to embrace Biometric Multi Factor Authentication (MFA) solutions to eliminate insider fraud in the banking industry.
The Group Chief Executive Officer of Seamfix, Mr Chimezie Emewulu, said this on Thursday during an interview in Uyo.
Emewulu, is in Uyo to attend the ongoing 2025 Committee of Chief Information Security Officers of Nigerian Financial Institutions conference.
The conference seeks to sensitise security information officers on the need to protect their organisations from insider fraud.
He said that Seamfix iAM, an identity and access management solution, aims to help banks eliminate internal fraud by providing robust access control and security measures.
He explained that the multi factor authentication ensured that nobody would access a system without a biometric verification to properly identify the user.
The financial security expert urged banks to embrace the product to solve the problem once and for all.
“That’s why we built Seamfix iAM, it incorporates what we call Biometric Multi Factor Authentication (MFA).
“Internal people having unauthorised access means they can bypass the control in the internal system.
“But, but when you put a biometric page, they can’t bypass the control without proving their identity. So, this is going to solve a phenomenal problem in the industry,” Emewulu said.
Emewulu said that MFA would ensure that no one that was not authorised logged into the company system.
He said the system was so fortified that even when one attempts to log in without permission it would trigger alarm alerting that an unauthorised person has tempered with the system.
“We believe that everybody deserves equal opportunities and no one person is supposed to play God with anybody’s identity.
“So, you are not supposed to log into a system and another person is blamed for the access and the fraud you committed in the system,” he said.
The cybersecurity expert said one of the challenges confronting multi cloud environment was visibility.
He said this involved being able to clearly see were your cyber infrastructure is, and who has access to what part of the infrastructure.
“We have people that resigned from an organisation and five, six months after they still have some level of access to the environment,” he said.
