NSE Promotes Business Continuity Management in the Capital Market
The Nigerian Stock Exchange (NSE) on Thursday, November 17, 2016, reiterated the need for the capital market operators and other business leaders in the country to ensure that they protect valuable intellectual property and business information in digital form against theft and misuse.
Executive Director, Market Operations and Technology, NSE, Mr. Ade Bajomo, stated this at the 4th Nigerian Capital Market Information Security Forum (NCMISF), themed “Does your business have the resilience to withstand a disaster? The Business Case for Business Continuity Management”.
He said that cyber security is an increasingly critical management issue, which must be addressed head-on. Bajomo noted that NCMISF was born out of the need to provide a platform for stakeholders and thought leaders in the information security space to share knowledge on Information Security, best practices and cyber breaches in Nigeria and the world at large.
Bajomo noted that as technology evolves and businesses become more prone to attacks, it was evident that business continuity could no longer be treated as an afterthought or a surplus cash flow item. “It should become an integral part of operational planning and operational cost. The need for business continuity planning has grown rapidly in today’s fast-paced, volatile business climate and as such organisations cannot afford the risk of not having a continuity plan in place”.
Business continuity, which is the capability of the organisation to continue delivery of products or services at acceptable predefined levels following a disruptive incident is now considered a societal security issue, essential to protect a society or economy.
At The Nigerian Stock Exchange, we remain committed to executing several key innovations that are aimed at developing a more transparent and sustainable market, with structures to support the delivery of a wide range of investment products and ensure continuity,” Bajomo further noted.
This edition of NCMISF featured presentations from thought leaders and was sponsored by FPG Technologies, DBH Solutions, Main One and Swift Network.