Seamfix Limited, a platinum sponsor of the 2025 Committee of Chief Information Security Officers of Nigerian Financial Institutions (CCISONFI) Annual Conference, has reaffirmed its commitment to combating insider fraud and strengthening workforce access control across Nigeria’s financial services sector. This commitment is anchored in its state-of-the-art identity and access management (IAM) solution.
The conference, held in Uyo, Akwa Ibom State, gathered Chief Information Security Officers (CISOs), IT executives, and cybersecurity experts from financial institutions nationwide to discuss emerging threats and strategies to enhance resilience in Nigeria’s rapidly evolving digital landscape.
At the event, Seamfix’s Group CEO and Co-founder, Chimezie Emewulu, stressed the critical importance of adopting Biometric-based Multi-Factor Authentication (MFA) to safeguard against insider threats. Emewulu highlighted that in today’s multi-cloud environments, where visibility and control over access are paramount, identity-driven security is essential.
“Insider fraud thrives on weak access controls and lack of visibility. That’s why we developed Seamfix iAM, which uses biometric MFA to authenticate users at the application level—going beyond device-based security. This makes it impossible for unauthorized personnel to bypass internal controls. Identity must be an uncompromisable element of system access,” Emewulu explained.
Seamfix iAM helps financial institutions enforce strict access governance by preventing unauthorized lingering access, such as that of ex-employees, and enables real-time responses to unauthorized login attempts. This capability is especially vital given the rising tide of insider fraud—Tekedia reports a 23.4% quarter-on-quarter increase in such incidents in Nigerian banks in Q2 2024. The Economic and Financial Crimes Commission (EFCC) also noted that insider collaboration accounts for nearly 70% of fraud in Nigeria’s banking sector this year.
“Every login through our system is tied to a verifiable identity. Attempts to access systems without clearance trigger immediate alerts, with biometric timestamps ensuring accountability and non-repudiation,” Emewulu added.
The 2025 CCISONFI Conference provided a vital forum for stakeholders to explore innovative technologies, regulatory frameworks, and cybersecurity best practices. Seamfix’s active participation highlights its ongoing leadership role in advancing secure digital identity solutions for Nigeria’s financial ecosystem.
