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CBN urged to upgrade information security standard

By on June 17, 2014

The Central Bank of Nigeria (CBN) has been advised to upgrade its Information Security Standard (ISO) from the ISO 27001: 2005 to the current version, ISO27001:2013.

The Surveillance Auditor of the British Standards Institute (BSI), Vikas Mulkutkar, who gave the advice, also urged the central bank to engage other system certifications like the Business Continuity Management (BCM) standard and Service Management Standard to ensure an all-round certification for the institution.

But Mulkutar stated that the CBN has maintained the highest level in information Security Standard (ISO 27001) compliance since being certified in July, 2013.

This, he disclosed during the closing ceremony of the ISO 27001 surveillance audit at the CBN’s headquarters in Abuja recently.

A statement explained that Mulkutkar commended members of staff of the central bank for their work culture and commitment to the Information Security Management System.

He noted that the auditors checked all of the information security controls and found them to be in compliance.

According to the statement, he said the 11 departments audited showed high knowledge of information system security controls and had complied with the ISO 27001 standard exhibiting minimal deviation.

In his response the CBN Governor, Mr. Godwin Emefiele, represented by the Deputy Governor (Operations), Dr. Kingsley Moghalu congratulated staff members of the Bank for maintaining the highest global information security standard from BSI.

He attributed the feat to the high level of professionalism and commitment exhibited by the ISO Champions and entire staff of the Bank.

According to him, the first surveillance audit, which was conducted in the Bank between June 5 and 10, 2014, was to review the CBN Information Security Management System (ISMS) processes, procedures, documents and records.

Continuing, he said sample departments were selected from the five directorates of the Bank, where departmental processes and business areas were checked for compliance with the standard, including improvements to the Bank’s ISMS since the certification of CBN in July, 2013.

The governor, therefore, urged members of staff of the CBN to work harder in order to achieve zero non-conformity standards.

 

 

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