Banks Want CBN To Establish Security Framework Against Cyber Crime

Chief security officers (CSOs) of banks in the country have urged the Central Bank of Nigeria (CBN) to establish an internal framework within the banking system to blacklist internet fraudsters from operating bank accounts.

The CSOs agreed in principle that the CBN should implement the anti-cyber crime policy in the banking sector as a means of curbing the activities of internet fraudsters that use the banks to perpetrate their illicit activities.

Their stance was one of the fallouts of a weeklong Nigerian Financial Sector Global Cyber Security Conference, which ended at the weekend at Transcorp Hotel in Calabar, Cross River State.

Giving a summary at the end of the conference that had, mostly, Israelis and other foreign nationals as trainers, the Leader of the CSOs, Mr. Sam Okenye, told journalists that the expected framework would anchor on the Biometric Verification Number (BVN).