The Association of Chief Audit Executives of Banks in Nigeria has called for cooperation among lenders in the country to boost cybersecurity in the sector.
This recommendation was contained in the communiqué issued at the end of the association’s annual general meeting and retreat held in Abuja recently.
The association advocated the establishment of an assurance community of information security, internal audit, internal control/systems control, compliance, and risk management departments by banks to collaborate regularly, share insights and monitor cybersecurity-related initiatives and projects.
The week-long event with the theme ‘The Role of the Internal Auditor in Promoting Stability in the Financial Services Sector and National Economic Growth’, witnessed a convergence of members and other banking industry stakeholders sharing ideas and knowledge on the challenges and opportunities of the banking industry.
Speaking with journalists during the conference, the Chairman of ACAEBIN, Prince Akamadu, explained that the conference theme resonated deeply with the challenges and opportunities the banking industry was facing and by extension the economy.
“The past…
