United Bank for Africa has achieved the distinguished mark of ISO 27001 Certification for its Internet Banking application and Data Centre operations.
A statement by the bank on Wednesday, noted that this is following the bankÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s commitment to strengthening the security of services provided to customers.
The statement noted that this also accentuated the bankÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s deliberate efforts towards combining best-of-breed technology with the best of manpower to create and be the industry benchmark in Risk Management. It said, ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œThe security of the bankÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s systems and information is essential to its safety and soundness, and to the privacy of customer financial information. ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œAs a result, UBA has put in place and maintains truly effective information security as it continuously integrates processes, people, and technology to mitigate risk in accordance with risk assessment and acceptable risk tolerance levels.ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â The statement quoted the bankÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s Executive Director, Risk Management, Mr. Emmanuel Nnorom, as saying that the nature of todayÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s banking environment was such that any breach to information systems can cause major disruptions and loss.
He noted that considering the increasing dependence and pervasive use of information and supporting information systems, the Internet Banking and Data Centre operations were identified as critical to the bank.
He said, ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œAs a leader in the e-banking landscape on the continent, we are committed to providing safe and secure electronic banking experience for our teeming customers. Consequently we have made significant investment in Information security and fraud detection solutions, enhanced our internal processes and training for our personnel.
ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œThis certification is an important benchmark in our quest to ensuring that we are always up-to-date in managing information Security and electronic banking risks.ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â The statement added that achieving the ISO 27001 certification had enabled UBA Group to strengthen Information Security in critical areas and to provide security assurance to the management as well as its customers.
ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œThe IT Risk Management department is expanding this Information Security Governance mechanism to further areas in a phased manner and provide external endorsement for UBA Group as a world-class institution with a focus on information security,ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â it stated.
Source: Punch/Ademola Alawiye