Nigeria: Adopted CBN Risk-Based Cybersecurity Framework and Guidelines for Deposit Money Banks and Payment Service Banks, including minimum cybersecurity requirements
Description
Adopted CBN Risk-Based Cybersecurity Framework and Guidelines for Deposit Money Banks and Payment Service Banks, including minimum cybersecurity requirements
On 31 May 2024, the Central Bank of Nigeria (CBN) issued the "Risk-Based Cybersecurity Framework and Guidelines for Deposit Money Banks (DMBs) and Payment Service Banks (PSBs)." The DMBs and PSBs are required to implement these measures by 1 July 20…
Scope
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank