Becoming a CISO: The role of Certified Information Security Management (CISM) in meeting Central Bank of Nigeria (CBN) New Risk-Based Cybersecurity Framework for Banks and Payment Service Banks.

Edit Column The CBN has introduced a pivotal change by releasing a new Risk-Based Cybersecurity Framework and Guidelines for Deposit Money Banks (DMBs) and PSBs. Effective July 1, 2024, this comprehensive framework provides a risk-based approach to managing cybersecurity risk. It comprises seven parts, each meticulously designed to ensure thorough coverage: Cybersecurity Governance and Oversight; Cybersecurity Risk Management System; Enhancing Cybersecurity Resilience; Emerging Technologies; Metrics, Monitoring and Reporting; Compliance with Statutory and Regulatory Requirements; and Enforcement.
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