HIGHLIGHTS FROM THE INDUSTRY ROUND TABLE FOR INFOSEC STAKEHOLDERS OF BANKS IN NIGERIA HELD ON 15TH NOV. 2018

Below are four major highlights from the event:

Cyber Resilience in Organizations

In his welcome address Dr. David Isiavwe, the ISSAN President who is also the Chief Audit Executive (CAE) of Union Bank, pointed out that cyber security threats are not going away soon rather, they are getting worse – in frequency and sophistication fueled by increased dependence on technology by organizations attributable to the emergence of digitalization.


Cybersecurity in Nigeria – Recent Trends & Mitigants

Stanley Jacob, the Chairman Committee of eBusiness Industry Heads (CeBIH) informed participants that cybercrime involves technology even at the lowest level of consideration. He discussed the Fintech Evolution, Fintech Trends, Use Cases and Applications, 2019 Trends to watch in Nigeria and concluded with the rising risks and exposures expected in 2019.


CBN Risk Based Cybersecurity Framework (CRBCF) and Guidelines for Deposit Money Banks and Payment Services Providers

Mrs. ‘Tokunbo Martins (FRM, CISA, CISM), who is the Director, Other Financial Institutions Supervision Department, Central Bank of Nigeria, explained the CBN risk-based cybersecurity framework (CRBCF) which includes: Emerging Threats of Cybersecurity; Cybersecurity Governance & Oversight; Cybersecurity Risk Management; Cybersecurity Operational Resilience; Metrics, Monitoring & Reporting; Regulatory Reporting and Frequency and Compliance with Statutory and Regulatory Requirements.


Global Data Privacy

In his presentation, Basil Udotai ESQ, who is the Managing Partner, Technology Advisors LLP discussed Data Privacy as Strategy for Global Competitiveness. Starting with Understanding Data Privacy, he explained Privacy & Data Privacy Developments; Data Privacy Liability & Risk Management; Turning Point in Global Privacy – Fair Information Practices (US HEW); OECD Guidelines & Global Privacy; GDPR; US Data Privacy; EU/US Data Shield; Nigerian Data Privacy Law and concluded with Strategies for Data Privacy Management.


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