‘We’ve put structures in place to protect confidential information’

The Central Securities Clearing System (CSCS) Plc said it has put structures in place to identify and mitigate potential risks to confidential information in its operations.

Speaking ahead of the third yearly Cybersecurity Conference slated for October 27, in Abuja, with the theme, ‘Future of Cybersecurity: Emerging Issues and Solutions, Managing Director/Chief Executive Officer, CSCS Plc, Haruna Jalo-Waziri, said as a significant capital market infrastructure, one of CSCS’ paramount areas of focus is the protection of investors’ commercially-sensitive information.

According to him, CSCS is committed to upholding the highest standards of security for the processes, people and technology powering its services.

“Nigeria, and the market infrastructure, is no different as we begin to interconnect amongst APIs, databases, social transactions perspective, to transactional perspective to even a communication perspective.

“We need to make sure that we understand the risks that exist in our market and try to bring out issues with policymakers, participants, experts, to understand what the issues are and proffer solutions.”

He assured that the organisation is working hard to build trust and credibility in the market to inspire confidence among stakeholders, adding that the confidentiality, integrity and availability of information under its custody is held sacrosanct.

“Certainly, we try as much as possible within our system to be able to build resilience in case it happens and then build protection so that it doesn’t happen from an external perspective.”

Reaffirming its commitment to the highest standard of security in its operations, Jalo-Waziri said the yearly conference is one of the ways the organisation creates awareness and facilitates knowledge exchange on cybersecurity.