Regulatory Alerts2021-08-17 | OFI/DOA/CON/CIR/003/061Exposure Draft of the Risk-Based Cyber-Security Framework and Guidelines for Other Financial Institutions
The Central Bank of Nigeria (CBN) has released a draft framework and guidelines to enhance cybersecurity for Other Financial Institutions (OFIs) due to the increasing number and sophistication of cyber threats and attacks. The guidelines outline minimum requirements for OFIs to strengthen their cyber resilience, including governance, risk management, operational resilience, and compliance with statutory and regulatory requirements. The CBN seeks feedback from OFIs by September 17, 2021, and the guidelines will take effect from August 1, 2021.
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infosec
governance
operational
advisory
fintech
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