By Goddy Egene
The
Nigerian Stock Exchange (NSE) has said it takes a proactive approach to
security because it recognises the importance of protecting its data
and stakeholders’ information assets.
Head,
Information Security, NSE, Mrs. Favour Femi-Oyewole, stated while
reacting to NSE’s retention of the ISO 27001:2013 certification for
its Information Security Management System (ISMS) for the third year
consecutively.
“NSE
takes a proactive approach to security as we recognise the importance of
protecting our data and stakeholders’ information assets. With our
recertification, our clients and stakeholders can be confident that we
follow information security best practices in managing our risk
exposure,” Femi-Oyewole said.
According
to her, “with our recertification, our clients and stakeholders can be
confident that we follow information security best practices in managing
our risk exposure.”
The
re-certification followed a rigorous independent audit of NSE’s
Information Security Management System (ISMS) by the British Standard
Institute (BSI), to ensure that the principles of the International
Organisation for Standardisation (ISO) on ISMS standard are being upheld
at the exchange and controls are working as intended.
The
Chief Executive Officer of NSE, Mr. Oscar Onyema said the management of
the NSE was delighted to retain this ISO certification from the BSI.
“It
demonstrates our continual commitment to data protection and a clear
indication of the robustness of our systems and processes in managing
sensitive stakeholders’ information. Since first attaining the ISO
27001:2013 certification in August 2015, we have continued to evolve and
improve our security management processes to ensure that our
information security controls remain safe and effective in light of
emerging business needs and the changing security landscape,” he said.
International
Organisation for Standardisation is an independent, standard-setting
body which promotes worldwide proprietary, industrial and commercial
standards. These standards provide world-class specifications for
products, services and systems, to ensure quality, safety and
efficiency. ISO 27001:2013, (ISMS) is the international standard of best
practice for managing confidentiality, integrity and availability of
information asset. This includes financial information, intellectual
property, personal records and information entrusted by third parties.
The NSE
recently organsed its conference on information security. Femi-Oyewole
had noted that ”with the growing use of technology and digital tools in
the capital market, creating awareness and educating individuals and
companies on the significance of information security management have
become critical in addressing today’s constantly evolving cyber
threats.”
According
to her, NSE is committed to working with government, regulator,
international and local partners, market participants and other
stakeholders to monitor developments and effectively respond to cyber
threats in its drive to provide a sustainable capital market
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