Lagos - The United Bank for Africa (UBA) has commissioned a Security Operation Centre (SOC) and forensic laboratory in an effort to secure all its electronic banking transaction and protect its customers from cyber crime.
The security centre and lab, according to officials are the first such facilities in Nigeria and sub-saharan Africa.
Phillips Oduoza, Chief Executive Officer of UBA said the bank decided to invest in a robust information security infrastructure, processes and skilled personnel as a way of managing information security threats.
"Any serious banking institution that wants to succeed in this digital age cannot afford to ignore information security as any major compromise of a bank’s system and network risks colossal damage," he said.
Oduoza said the drive towards a cashless economy and the migration of customers from banking halls to channels, demanded that banks put in place systems and processes that would protect customers and the bank from risk hence the establishment of the centre.
Sam Okenye, UBA Group Head: IT Risk Management, said the deployment of fraud detection solution would help guard against fraud and protect customers against e-channel fraud.
“With our current security infrastructure, we can know what is happening in our systems and network real-time.
"We can detect the sources of blocked attacks and also timely uncover any weakness in our network and systems for appropriate response,” he added.
Speaking at the commissioning in Abuja, Ibedu Onyebuchi, Deputy Director of Banking Supervision at Central Bank of Nigeria (CBN) commended UBA for the initiative.
“UBA has taken a bold step in securing its customers, knowing that banking cannot be practised without adequate control and sound risk management systems,” he said.
- CAJ News