Heritage Bank Plc, Nigeria’s most innovative banking service provider, has achieved the Information Security Management Certification from International Standards Organisation (ISO).
This certification also known as the ISO 27001: 2013 is part of the ISO 27000 family of standards which helps organisations keep information assets secure. The certification was achieved on the heels of the bank’s drive to revolutionalise the banking sector digital experience with Octopus, by putting in place a systematic approach to managing sensitive organisational information, ensuring it remains seamless, secure and available.
The Octopus platform owes numerous benefits to the users, thereby enable small businesses key into electronic payment system easily, efficient collections, social integration, retention strategy, bills payment, mobile virtual top-up, funds transfer, balance enquiry, movie show time, news.
With the introduction of Octopus, the ISO 27001: 2013 Information Security Management Certification is proof of the Bank’s demonstrated ability to consistently provide products and services that gives service consumers and customers an easily recognisable security hallmark.
Speaking on the award received, The MD/CEO of Heritage Bank Plc, Ifie Sekibo reiterated the bank’s commitment for secured services, whilst assuring customers that their information is appropriately protected and, as such, reduces the need to undertake time consuming and costly onsite security audits reducing time and cost for both parties.
According to him, the certification demonstrates credibility and trust, which reduces customer and supply chain audit and ISO 27001 certification reduces third party scrutiny of your Information Security Management by customers and the wider supply chain.
“The achievement of ISO 27001 will differentiate two competing organisations in the market place, providing a valuable competitive advantage. Increased legislative and regulatory compliance ISO 27001 supports compliance with relevant laws such as the Data Protection Act 1998 and software copyright legislation. This in turn reduces the risk of facing prosecution and fines. An organisation’s liability in security incidents may be reduced if it is certified ISO 27001 compliant,”
He further explained that it reduces customer and supply chain audit, stating that ISO 27001 certification reduces third party scrutiny of your Information Security Management by customers and the wider supply chain.
As ISO 27001 is the current international benchmark for Information Security Management, it is increasingly recognised that compliance with the standard is supportive evidence of adequate security. Considerations and outcomes To achieve ISO 27001 certification, an organisation must produce documentation that demonstrates that it has developed an Information Security Management System that complies with the standard. Organisations should consider producing most of this documentation even if they are not going for certification as it provides a best practice approach for compliance as well.
There are three key issues to note about the standard: Its generic requirements mean that it is applicable to all organisations, regardless of size, type or nature. However, you tailor it to the exact needs of your organisation through the information security controls that you select to implement within your Information Security Management System. It takes a flexible, risk-driven approach. It is dynamic – it focuses on continual improvement and helps the organisation keep ahead of changes both within and outside the organisation.
Zenith Bank Dominates Trading On NSE
Zenith International Bank on Wednesday dominated the activity chart on the nation’s bourse, accounting for 64.04 percent of the total volume of shares traded.
The News Agency of Nigeria (NAN) reports that the bank sold 288.27 million shares valued at N6.68 billion.
Consequently, investors bought and sold 450.14 million shares worth N9.39 billion achieved in 2,858 deals, representing an increase of 200.79 percent.
This was in contrast with a turnover of 149.65 million shares valued at N2.79 billion transacted in 3,063 deals on Tuesday.
Further analysis of the activity chart shows that FBN Holdings came with an exchange of N40.95 million shares worth N303.49 million.
Guaranty Trust Bank traded 33.74 million shares valued at N1.26 billion, while FCMB Group transacted 11.24 million shares worth N18.56 million.
Access Bank sold a total of 9.39 million shares valued at N74.14 million.
However, the market indices recorded marginal loss, dropping by 0.14 percent due to price depreciation.
Specifically, the All-Share Index dipped 45.73 points or 0.14 percent to close at 32,108.30 against 32,154.03 recorded on Tuesday.
Also, the market capitalization which opened at N11.738 trillion shed N16 billion or 0.14 percent to close at N11.722 trillion.
Seplat topped the losers’ chart, dropping by N2 to close at N638 per share.
Lafarge Africa trailed with a loss of N1.70 to close at N15.70, Presco declined by N1.25 to close at N64.50 per share.
Dangote Sugar Refinery depreciated by 45k to close at N13, while Guaranty Trust Bank shed 25k to close at N37.05 per share.
Conversely, Nigerian Breweries led the gainers’ table, growing by 50k to close at N81.50 per share.
Fidson followed with a gain of 40k to close at N4.90, while Redstar appreciated by 30k to close at N4.50 per share.
United Bank for Africa added 20k to close at N8, while Zenith Bank increased by 15k to close at N24 per share.
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Union Bank’s Edu360; Fostering New Collaborations and Partnerships In Education
Union Bank recently held the first edition of its annual education fair, edu360 in Lagos, drawing stakeholders from across the education ecosystem including teachers, parents, school owners, investors, students and other key participants.
The event tagged “Investing in the Future”, took place at Harbour Point in Victoria Island and served as a platform for collaboration among the education sector stakeholders, with the goal of accelerating development and much-needed investment in the sector.
Speaking at the ceremony to mark the kick-off of the 2-day event, the Chief Executive Officer of Union Bank, Emeka Emuwa reiterated the Bank’s focus on education as a key driver of national development.
He said; “Edu360 is positioned to be the leading education platform in Nigeria, facilitating collaboration among stakeholders within the sector. We firmly believe that the private sector, working closely with the government and other stakeholders, can play a critical role in fast-tracking solutions to move the educational sector forward.
At Union Bank, we are committed to identifying sectors that are vital to shaping a better, sustainable future for Nigerians.”
The Bank’s Head of Commercial Banking, Adekunle Sonola and other members of the Board of Directors were also in attendance along with Nigeria’sfirst female Minister of Industry, Chief (Dr.) Mrs. Nike Akande; the Minister of Education, represented by the Vice Chancellor of the University of Lagos, Prof. Oluwatoyin Ogundipe and the Governor of Lagos state represented by his Special Adviser on Education, Mr. Obafela Bank-Olemoh.
While delivering the keynote address, Dr. Modupe Olateju-Adefeso, Managing Director of The Education Partnership (TEP) Centre spoke extensively on the linkages between and education and national development, drawing examples from the health sector.
Over200 teachers from government and private owned schools benefited from free training sessions as part of Union Bank’s drive to upskill the workforce of the important sector. The teachers also received free teaching aids to support their teaching efforts.
There were also digital training sessions for parents and children courtesy Google in addition to Coding and Robotics classes. The fair also featured private workshops and seminars to address sensitive issues concerning raising well-adjusted children in today’s world.
Speakers at the panel discussions included Olympic gold medallist, Enefiok Udo-Obong; award-winning actress, Bikiya Graham Douglas; Special needs advocate, Angela Emuwa; Consultant psychiatrist, Dr. Yewande Oshodi and popular Nollywood actress and Producer, Kemi ‘Lala’ Akindoju
Over 70 exhibitors and partners including Google, Lego, Sage, Nestle, Simpli Foods, as well as leading schools in and around Lagos participated in the 2-day exhibition to showcase their goods and services.
Union Bank remains committed to supporting Nigeria’s growth by identifying and investing in sectors that are vital to shaping a better, more sustainable future for generations to come.
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