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Cyber Crimes: CBN Fortifies Banking Sector Security Framework

The Central Bank of Nigeria (CBN) has said it was strengthening the security framework of financial institutions to prevent the proliferation of cyber crimes. The Deputy Governor in charge of Financial Systems Stability at the CBN, Mrs Aishah Ahmad, made this disclosure at a recent webinar themed Cyber threat Landscape: Financial services, 2021 and beyond. At the event organised by the Information Security Society of Africa, Nigeria (ISSAN), Mrs Ahmad, who was represented by the Director of Information Technology (IT) at CBN, Mrs Rakiya Mohammed, stated that the conversation around cyber threat could not be more important than now. “The financial sector is particularly susceptible to cybercrime, given its crucial roles in financial intermediation in a highly connected financial system.

Rakiya mohammedAusten ohwoboteAishah ahmadDavid isiavwePatrick akinwuntanInformation technologyCentral bankInformation security society of africaDeputy governorFinancial systems stabilityMrs aishah ahmadInformation security societyMrs ahmadMrs rakiya mohammedMulti factor authorizationManaging director

Experts Highlight Cybersecurity Risks, Call for Robust Regulation

By Emma Okonji Cybersecurity experts have identified the associated cyber risks in the financial service space, even as they stressed the need for a regulatory agency to implement the country’s Cybercrime Law that was passed in 2015. The experts who spoke at a webinar organised by the Information Security Society of Africa, Nigeria (ISSAN), an advocacy group on cybersecurity awareness and data handling, called on financial service providers and other organisations that handle large data of customers, to consider putting the right measures in place in order to safeguard their operations. Speaking on the theme: “Cyberthreat Landscape: Financial Services 2021 and Beyond,” Cybersecurity Lawyer, Basil Udotai said Nigeria’s Cybercrime Law remained the only civil law in Nigeria that did not follow the pattern of legislative proceedings for enactment of laws.

United statesEmma okonjiRakiya mohammedAishah ahmadBasil udotaiPatrick akinwuntanAustin ohwobeteFinancial crimes commissionInformation technologyCentral bankFinancial servicesInformation security society of africaWorld economic forumCybercrime lawInformation security societyCybercrime act

NIBSS launches new quick response payment system

NIBSS launches new quick response payment system
punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.

Aishah ahmadBank settlement system plcCentral bankNigeria inter bank settlement system plcNew quick responseDeputy governorFinancial systems stabilityRegulatory frameworkSandbox operationsOpen bankingChief executive officerPremier oiwohவங்கி தீர்வு அமைப்பு ப்ல்மைய வங்கிநைஜீரியா இடை வங்கி தீர்வு அமைப்பு ப்ல்புதியது விரைவான பதில்

NIBSS launches code payment system

NIBSS launches code payment system
dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.

Aishah ahmadBank settlement system plcCentral bankNigeria inter bank settlement system plcNew quick responseFinancial systems stabilityMrs aishah ahmadவங்கி தீர்வு அமைப்பு ப்ல்மைய வங்கிநைஜீரியா இடை வங்கி தீர்வு அமைப்பு ப்ல்புதியது விரைவான பதில்நிதி அமைப்புகள் ஸ்திரத்தன்மை