The Nigerian Stock Exchange (NSE) has achieved the ISO27001:2013 Certification, the most stringent global standard for Information Security.
The award which was received from the British Standard Institute (BSI), working with Digital Encode in Nigeria is subsequent to a series of rigorous and extensive audit of the exchangeâ€™s information management systems and processes.
Commenting on the achievement, Mr. Oscar Onyema, CEO of NSE said ISO Certification is an important reference for many international organizations and I am extremely proud of the Exchange to have achieved this feat, a further testament to our commitment to deploy robust information management systems, policies and processes across our service value chain in line with global standards.
As ISO 27001 is the most stringent certification for information security controls, I congratulate my colleagues who worked diligently to get this recognition. Also Mr. Ade Bajomo, Executive Director, Market Operations and Technology of NSE said We are particularly pleased to be the first Exchange in Africa with this certification, showing our ongoing commitment to information management leadership and attainment of best-in-class operations.
As the investing public continue to use data and information to drive insights and investment in the capital markets, security of information will remain on the front burner and the Exchange will continue to adopt market leading approaches and controls in this area.
On her part the Head Information Security Mrs Favour Femi Oyewole noted that the achievement of the ISO 27001:2013 Certification required the application of more than 100 different controls across 14 categories with the goal of providing a model for establishing, implementing, operating, monitoring, and maintaining a robust Information Security Management System. It has re-affirmed our ability to undertake the seamless integration of people, processes and technology to drive our market.
ISO 27001:2013 gives both the NSE and its stakeholders the confidence to trust the Exchange with the safe-keeping and processing of their information as well as ensure that appropriate controls are in place to prevent (wherever possible) and manage risks in the unlikely event of a breach.
Promoted by the British Standards Institute, the United Kingdom based agency reputed for providing assessment and certification to management system standards across 150 economies globally, ISO 27001:2013 is the only auditable international standard which defines the requirements for Information Security Management System (ISMS).
Also, the International Organization for Standardization (ISO) is the world largest developer and publisher of international standards required to install and sustain qualitative practices in organizations worldwide.