CBN releases framework to strengthen cyber security

The Central Bank of Nigeria (CBN) has released a  framework to protect Other Financial Institutions (OFIs) against cyber-attack.

This was contained in a memo by Nkiru Asiegbu, CBN’s Director, Other Financial Institutions Supervision Department, addressed to the OFIs.

Asiegbu said that the framework was necessitated by the number and sophistication of cybersecurity threats and attacks against the OFIs.

“Due to the recent increase in the number and sophistication of cyber security threats an attacks OFIs, it has become necessary and mandatory for the sub-sector to strengthen its cyber resilience if it is to remain safe and sound.

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