The Central {Bank} of Nigeria (CBN) has directed banks and different {financial} establishments to finish a newly deployed cybersecurity self-assessment instrument (CSAT) as a part of efforts to strengthen resilience throughout the {financial} system.
In a March 30 round, the apex {bank} stated the instrument aligns with its mandate beneath BOFIA 2020 and is aimed toward evaluating the cybersecurity posture of regulated establishments.
In response to the CBN, insights derived from the CSAT will help risk-based supervision and improve regulatory oversight of cybersecurity dangers throughout the {financial} system.
“Accordingly, all of the referenced establishments are required to finish and submit the CSAT by means of a devoted submission portal,” the round acknowledged.
The regulator added that entry to the submission portal and steering could be offered to chief info safety officers and different related officers of the affected establishments.
The CBN acknowledged that every one submissions should mirror information as of December 31, 2025, and embody supporting documentation the place essential.
The apex {bank} cautioned that submitting false, deceptive, or inaccurate info could be handled as a regulatory breach and punished in accordance with BOFIA 2020.
It additionally famous that validation workout routines, together with off-site critiques and supervisory engagements, could be carried out to confirm the accuracy of submissions.
Goodness AnunobiÂ
Times Nigeria