Security Standards

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Security Standards

A leading African bank achieves iso27001 security standard with expert consultation and implementation from the team at infoprive

- Infoprive’s Integration team Tweet

Background

A new generation bank with a focus on providing effective banking to its millions of customers across the continent and beyond is an established leader in the Nigerian Banking industry with an excellent service culture hinged on working with each customer to create a name and heritage. Over the years, our client is known for consistently offering remarkable financial services, products, and schemes to individuals, small growing businesses, families, agency banking, education, and youth

Business Challenge

As a result of its dependence on information technology and to achieve its business goals, there is a need to ensure that the risks to corporate data and information assets of the Bank are continuously understood, prioritized, and managed, as well as validate that implemented security measures and controls are adequate, efficient and effective.

Solution

A gap analysis was conducted by our team of cybersecurity experts to determine the bank’s compliance with the requirement of the ISO 27001 standard. Key factors for change and action plan were then determined. Furthermore, a target for processes and information security controls based on target maturity levels was set.

Result

The implementation of the ISO 27001 standard as well as other best practice standards like the ISO 22301 and ISO 20000 has significantly helped to ensure that risks to the Bank’s assets and services are identified, proactive measures to mitigate the impact of the risks have been implemented and information security incidents have also significantly reduced in line with the organization’s operational loss limit. This has helped to boost Customers’ confidence in doing business with the bank and has also increased the brand reputation.

Section

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