The Financial institution of Trade (BOI) has been awarded the ISO/IEC 27701:2019 certification for Privateness Info Administration Techniques (PIMS).
This certification, issued by the British Requirements Establishment (BSI), a globally recognised authority in auditing and certification, extends the financial institution’s present ISO/IEC 27001:2022 certification, which was first obtained in 2019.
ISO/IEC 27701:2019 is a world privateness customary and aligns with the Normal Knowledge Safety Regulation (GDPR), Nigeria Knowledge Safety Regulation (NDPR), and different world privateness necessities. By attaining this certification, BOI has demonstrated that it operates a structured framework to handle, course of, and safeguard delicate information regarding prospects, workers, and third events.
The framework enforces robust privateness controls, integrates privateness administration into data safety practices, and defines clear roles and duties for information safety.
BOI is the primary Improvement Finance Establishment (DFI) and second financial institution in Nigeria to realize the ISO/IEC 27701:2019 certification. This milestone displays the financial institution’s dedication to world finest practices in privateness and safety.
Talking on the achievement, the managing director/chief govt officer (CEO) of BOI, Dr. Olasupo Olusi, said, “This certification represents a proactive dedication to privateness administration. It reinforces belief in our means to guard the info of consumers, companions, and stakeholders whereas assembly the very best worldwide requirements.”
He famous that the certification scope covers the total lifecycle of Personally Identifiable Info (PII), together with assortment, storage, processing, sharing, and disposal. As each a PII Controller and Processor, BOI has embedded complete privateness controls throughout its bodily and digital infrastructure.
This recognition enhances BOI’s credibility and positions it as a pacesetter in privateness data administration inside Nigeria’s banking and improvement finance sector.
