Seamfix Limited, a leading provider of identity and access management solutions, reaffirmed its commitment to strengthening cybersecurity in Nigeria’s financial sector as a platinum sponsor at the 2025 Committee of Chief Information Security Officers of Nigerian Financial Institutions Annual Conference.
The disclosure was made in a statement on Sunday.
The conference, held in Uyo, Akwa Ibom State, assembled Chief Information Security Officers, IT executives, and security professionals from across Nigeria’s financial ecosystem. The event focused on addressing emerging cybersecurity challenges and developing strategies to enhance resilience in an increasingly digital financial landscape.
Seamfix emphasised the critical need for financial institutions to adopt biometric-based Multi-Factor Authentication to combat insider threats, a growing concern in the industry.
In his remarks, Group CEO and Co-founder of Seamfix, Chimezie Emewulu, emphasised the importance of identity-driven security in today’s multi-cloud environments where visibility and access control remain critical concerns.
“Insider fraud is a recurring issue that thrives on weak access control and poor visibility. That is why we built Seamfix iAM. It incorporates biometric-based MFA that authenticates users at the application layer, which goes beyond device-based security. This makes it impossible for unauthorised users to bypass internal controls. With this approach, identity becomes a non-negotiable part of system access,” Emewulu stated.
Seamfix iAM enables financial institutions to maintain strict access governance, prevent lingering access by ex-employees, and respond in real time to unauthorised login attempts. This is especially crucial in an era where insider breaches account for a significant portion of fraud incidents within organisations.
According to Tekedia, in Q2 2024 alone, Nigerian banks experienced a 23.4 per cent quarter-on-quarter increase in insider fraud cases, rising from 47 incidents in Q1 to 58 in Q2. The Economic and Financial Crimes Commission in 2024 also reported that approximately 70 per cent of fraud in the Nigerian banking sector is due to insider collaboration.
“Our solution ensures that every login is tied to a verifiable identity. If someone tries to access a system without proper clearance, not only are they blocked, but an alert is triggered immediately, with biometric time stamps ensuring non-repudiation,” Emewulu added.
The 2025 CCISONFI conference served as a collaborative platform for stakeholders to explore forward-looking technologies, regulatory expectations and best practices in cybersecurity.
Seamfix stated that its presence underscores its continued role in shaping the future of secure digital identity in Nigeria’s financial sector.
