E-Business
Capitoline advocates Data Centre Security Management Compliance for the Financial Sector
Capitoline LLP, an independent specialist engineering and management consultancy, and KITS Technologiesa data Centre Infrastructure service provider recently held a Data Centre Seminar in Nigeria.
According to Taofeek Okoya, director of Business and Strategy at Kits Technologies while making a business case for the financial sector said that Data Centre Security Management Compliance does not end in Payment Card Industry Data Security Standard (PCI- DSS) alone.
Corroborating this statement Barry Elliott, a founding partner of Capitoline, said that Payment Card Industry Data Security Standard (PCI- DSS) and a couple of other standards must be constantly demonstrated by any Company (or Company Data Centre) that wishes to share financial information, and in particular credit card information, with other organisations.
In addition, he said: “All industries and corporations now rely upon Information Technology for the success and very survival of their business and none more so than the finance sector of the economy.
Financial industries have particular requirements put upon them for the security of their data and physical assets, ability to back up their data and an audit trail of transactions. In some areas of the world legislation has been passed to force financial institutions to demonstrate this required level of security and backup.
In Europe there is the Basel II Accord and the EU Data Retention Directive and in the USA the Sarbanes-Oxley Act, the Health Insurance Portability and accountability Act and the Gramm-Leach Billey Act.
Other countries have a mixture of Regulations and Best Practice recommendations e.g. Threat Vulnerability and Risk Assessment (TVRA), Singapore Ministry of Home Affairs: Guidelines for Enhancing Building Security in Singapore (GEBSS): 2010 and from the UK the Centre for the Protection of the National Infrastructure (CPNI) Protection of Data Centres Guidelines.”
In order to ensure the Nigerian financial sector is carried along in this compliance drive, a certification Data Centre training was done for data Centre managers and IT heads of banks, insurance and oil and gas companies.
All the family of standards that cover both the physical and design aspects and the operational management aspects of data centres were made apparent. Among them are ISO/IEC 27002:2005 and TIA 942 amongst others.
No one standard meets all requirements and occasionally there are composite standards in the market place such as the AMS-IX Business Continuity Management standard for data centres, hence there is strong need by the IT, Data Centre and Infrastructure managers for constant knowledge update and compliance to these standards.
Capitoline LLP, an independent specialist engineering and management consultancy, has been providing design, audit and training services to the data centre industry in Nigeria.
Capitoline is the market leader in data centre auditing with over 70,000 m2 of data centre floor space accounting for more than 150 data centres audited from Europe, Africa, Middle East and Asia.
Capitoline introduced the first manufacturer-independent data centre training package in 2005 and now offers an industry-standard data centre Professional qualification (DCP), a unique data centre design qualification (DCD) and Operational Management qualification, DCOM. The next certification training comes up in Lagos in November 2013.
Gartner predicts that by 2028, 75 percent of enterprise software engineers will use Artificial Intelligence (AI) code assistants, up from less than 10 percent, currently.
According to a Gartner poll of 598 global respondents conducted in the third quarter of 2023, 63 percent of organisations are now testing, deploying, or have previously implemented AI code assistants.
AI code assistants provide for more capabilities than only code development and completion, notes the research firm.
According to Gartner, the use of AI code assistants can lead to higher work satisfaction and retention, resulting in lower turnover costs.
Philip Walsh, senior principal analyst at Gartner, comments: “Software engineering leaders must determine ROI and build a business case as they scale their rollouts of AI code assistants.
“However, traditional ROI frameworks steer engineering leaders toward metrics centred on cost reduction. This narrow perspective fails to capture the full value of AI code assistants.”
Gartner notes that software engineering leaders must “reframe the ROI conversation from cost reduction to value generations”.
Walsh adds: “Calculating time savings on code generation is a good place to begin building a more robust value story. To convey the full enterprise value story for AI code assistants, software engineering leaders should connect value enablers to impacts, and then analyse the overall return to the organisation.”
National Identity Management Commission (NIMC) has said that the planned national ID card will be issued to applicants by their banks.
NIMC said it is working with the Nigerian Interbank Settlement System (NIBSS) to deliver the cards to applicants.
“The card will be issued through the applicants’ respective banks in line with existing protocols with the issuance of the Debit/Credit cards,” the agency said at the weekend update on its official X handle.
KEY FACTS ABOUT THE PROPOSED NEW GENERAL MULTIPURPOSE NATIONAL IDENTITY CARD
- The new National ID Card is a single, convenient, and General multipurpose card (GMPC) , eliminating the need for multiple cards—not three.
- The single GMPC has multiple use cases:…
— NIMC (@nimc_ng) April 12, 2024
It said applicants need to request their cards with their NIN “through the self-service online portal, NIMC offices, or their respective banks”.
“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS,” NIMC said.
“The card can be picked up by holders at the designated center or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” the update read.
National Identity Management Commission (NIMC) has said that the new national Identity card, powered by AfriGo Card, is a single card with multiple services.
NIMC made the clarification against the confusion and criticisms that have trailed the AfriGo Card , touted as a National Domestic Card Scheme.
NIMC is launching the AfriGo Card, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), and has had appointed SecureID, a Lagos headquartered company to manufacture the Card Scheme
Making clarification on the card, Kayode Adegoke, head of Corporate Communications of the NIMC, said the General multipurpose card (GMPC) will eliminate the need for multiple cards.
“The new National ID Card is a single, convenient, and General multi-purpose card (GMPC), eliminating the need for multiple cards—not three.
“The single GMPC has multiple use cases: Payments/Financial, Government intervention/services, travel, etc.
“The National Identity Management Commission is working with the Central Bank of Nigeria and the Nigerian Interbank Settlement System to deliver the payment and financial use cases.
“The card will be powered by the AFRIGO card scheme, an indigenous scheme powered by NIBSS. Applicants for the card will have to request with their NIN through the self-service online portal, NIMC offices, or their respective banks.
“The card will be issued through the applicants’ respective banks, in line with existing protocols with the issuance of the Debit/Credit cards.
“The card can be picked up by holders at the designated centre or delivered to the applicants at the requested location at an extra cost to be borne by the applicants,” he said.
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