BOI Scales Up Data Protection, Receives ISO 27701 Certification

The Bank of Industry (BOI) has been awarded the ISO/IEC 27701:2019 certification for Privacy Information Management Systems (PIMS).

This certification,  issued by the British Standards Institution (BSI), a globally recognised authorization successful auditing and certification, extends the bank’s existing ISO/IEC 27001:2022 certification, which was archetypal obtained successful 2019.

ISO/IEC 27701:2019 is an planetary privateness modular and aligns with the General Data Protection Regulation (GDPR), Nigeria Data Protection Regulation (NDPR), and different planetary privateness requirements. By attaining this certification, BOI has demonstrated that it operates a structured model to manage, process, and safeguard delicate information relating to customers, employees, and 3rd parties.

The model enforces beardown privateness controls, integrates privateness absorption into accusation information practices, and defines wide roles and responsibilities for information protection.

BOI is the archetypal Development Finance Institution (DFI) and 2nd slope successful Nigeria to execute the ISO/IEC 27701:2019 certification. This milestone reflects the bank’s committedness to planetary champion practices successful privateness and security.

Speaking connected the achievement, the managing director/chief enforcement serviceman (CEO) of BOI, Dr. Olasupo Olusi, stated, “This certification represents a proactive committedness to privateness management. It reinforces spot successful our quality to support the information of customers, partners, and stakeholders portion gathering the highest planetary standards.”

He noted that the certification scope covers the afloat lifecycle of Personally Identifiable Information (PII), including collection, storage, processing, sharing, and disposal. As some a PII Controller and Processor, BOI has embedded broad privateness controls crossed its carnal and integer infrastructure.

This designation enhances BOI’s credibility and positions it arsenic a person successful privateness accusation absorption wrong Nigeria’s banking and improvement concern sector.