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Investor Presentaiton

A collaborative approach is needed Government Strong leadership involvement is the foundation for a successfull and effective transition. The Government should: • Create more awareness. • Enact adequate regulations. The United States has over 25 Data privacy laws and there are other several privacy laws in different countries1. • Monitor compliance with regulations and ensure punishment of voilators. E.g. CBN guideliness for financial institutions to carry out a vulnerability assessment, BCP, PCI DSS compliance, KYC, etc. IT Practitioners • Prepare for the worst; Set up adequate incident response team Update IT Policy and other relevant policies (e.g. Transaction processing) to reflect the transition to a cashless society. • Continuous employee awareness. • Security should be considered at the requirements definition phase and through out the development life cycle of products. • Ensure technology infrastructures and configurations comply with leading security practices. Implement Information Security Strategy and Budget. 1. http://www.informationshield.com/intprivacylaws.html 22 22
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