Regulatory Alerts2022-06-29 | OFI/DOA/CON/ACT/004/155Letter to all OFIs: Issuance of Risk-Based Cybersecurity Framework and Guidelines for Other Financial Institutions (OFIs)
The Central Bank of Nigeria issues a risk-based cybersecurity framework and guidelines for Other Financial Institutions (OFIs) to strengthen their cyber defenses and ensure the safety and soundness of the financial system. The guidelines outline the minimum requirements for OFIs to observe in developing and implementing strategies, policies, and procedures to mitigate cyber risks. The framework provides a risk-based approach with key areas including cybersecurity governance, risk management, operational resilience, and threat intelligence. Compliance with the guidelines is mandatory by January 1, 2023.
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