• Business - Banking & Finance
  • Updated: May 18, 2024

Prioritise cybersecurity - NDIC to banking sector

Prioritise cybersecurity - NDIC to banking sector

Bello Hassan, the Chief Executive Officer of the National Deposit Insurance Corporation, NDIC, has called on bankers in the country to pay attention to cybersecurity.

Hassan made the call on Friday at the swearing-in ceremony of Professor Pius Olanrewaju as the 23rd president/chairman of the council of the Chartered Institute of Bankers of Nigeria in Lagos.

“In this regard, a deliberate and collaborative approach to cyber risk involving all stakeholders is essential to protect the resilience of the banking system.

Also speaking, the chairman of the occasion, Olanipekun, also called for a more active role for the institute in the framing of government policies.

“CIBN should be involved in moulding, modelling, and revitalising critical measures and fiscal policies. Where we are today, we are talking of inflation, hydra-headed inflation, runaway inflation and high prices of commodities beyond the reach of the ordinary people, you don’t expect an institution like this to fold its arms and be watching.

“They should be in the advisory role of the government. We expect that within the next two years, the institute will play a major role in the next two years. They have been trying but they need to try more. Nigerians now need the institute more than ever,” he declared.


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