CBN Seeks Inputs For Framework On Cyber Security
In view of the increasing number and sophistication of cyber threats and attacks, the Central Bank of Nigeria (CBN) has written to other financial institutions in the country, drawing their attention to a draft framework on which it seeks their inputs for consideration in the final copy of the document.
The draft framework that has been released for scrutiny and comments from stakeholders, stipulates minimum requirements for enhancing cybersecurity in other financial institutions.
In a letter referenced OFI/DOA/CON/CIR/003/061 signed by Nkiru Asiegbu, the Director, Other Financial Institutions Supervision Department, the apex bank noted that it has become necessary and mandatory for the sub-sector to strengthen its cyber resilience if it is to remain safe and sound.
The letter that was copied the National association of microfinance banks, mortgage banks association of Nigeria, Finance Housing Association of Nigeria and the association of national development finance institutions, the CBN gave until on or before September 17 to send their inputs either through hard or soft copies for consideration for the draft guidelines.
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