SPECIAL INDUSTRY ROUND TABLE EVENT WITH CISOs IN NIGERIA – KEYNOTE AND PANEL FEEDBACK

The panel discussed pragmatic ways to ensure full transparency of cyber risk & highlight practical ways to enhance institutional cyber security posture by identifying, protecting, detecting and responding to cyber risk and recovering when breached. It took a broad, top down approach addressing governance, management, operational and technical issues.

 Questions/Issues addressed by the Panel

1. It has been said that CyberSecurity has now become a Board room not a Back room issue. What board level structures do you have to enhance your CyberSecurity Posture?
   • Committees, composition, reporting requirements – frequency, content/metrics –  awareness, exercises/simulation, cyber risk insurance, holistic 3rd party Cyber Risk Assessments, CISO briefings, etc
2. What CyberSecurity Best Practices do you practice?
   • Periodic engagement with law enforcement, industry peer groups (e.g. ISSAN), Consulting/advocacy and government
   • Exchange of threat information and possible mitigating techniques
   • Adoption of revenant global best practices – tested ways of living the standards, etc.
3. What do you consider as the biggest sources of your risks?
   • Internal Vs external
   • People – the weakest link?
     • Employees: Negligence/ignorance, Malice or Mischief
     • Suppliers/partners/ 3rd party outsourcing
     • Hackers
   • Technology
     • Vulnerable applications, Vulnerability Mgt practices,
     • Malware
     • Legacy/open source/other apps
   • Processes
     • Manual, semi-manual, automated
     • Flat Vs Hierarchical structures
4. What do you consider to be the top 2/3 most effective measures to enhance your Cyber Security Posture?
   • Have you implemented any? If so, how effectively? What are the challenges?
   • How do you measure impact?
   • How would you rate the CBN Cyber Security Guidelines as an industry initiative?
   • Have you implemented a SOC? What has been the impact?
   • Do you deploy data analytics, AI or other modern technology in your Cyber Security initiatives?
5. There is a global  general trend towards Cyber Resilience….
   • What specific measures have you taken become more resilient?
   • What is your most formidable challenge to becoming cyber resilient?

Click HERE to download below Keynote Presentation by Rakiya Mohammed, CISO, Central Bank of Nigeria