TheNewsGuru

Tag: Babatunde Bamigboye

  • Data protection revenue hits N6.2bn in 2023 – Report

    Data protection revenue hits N6.2bn in 2023 – Report

    The Nigeria Data Protection Annual Report has revealed that the 2023 data protection cumulative revenue rose to N6. 2 billion as against N5.5 billion in 2022.

    The report was unveiled on Sunday at the second anniversary dinner and awards, organised by the Nigeria Data Protection Commission (NDPC) in Abuja.

    Established Feb. 4, 2022, the NDPC was mandated to ensure data privacy and protection in the country, rights of citizens are in line with global standards.

    The report stated, “other areas that the rates increased included Compliance Audit Report which recorded 3,451 reports from 2022 to 2023, against 1,864 from 2020 to 2021.

    “The sector was able to create 10, 123 jobs in 2023 against 9,577 in 2022 and compliance revenue increased to N325 million against N94.4 billion in 2022.

    “The number of verified Data Protection Officers increased from 1, 928 in 2022 to 1,955 in 2023, number of investigations rose from 117 in 2022 to 177 in 2023, among others.”

    Mr Babatunde Bamigboye, Head, Legal, Enforcement and Regulations of NDPC, described the successes of the commission as most remarkable.

    “The NDPA laid the foundation for data privacy and protection in the country, we are putting together the general application and implementation directive for the Nigeria Data Protection Act (NDPA)

    “We have also improved on our auditing. So, many organisations are beginning to file audit report with us and we have been admitted into the Global Privacy Assembly (GPA).

    “The court also is beginning to recognise the importance of adequacy in terms of cross border data transfer and we are happy that the ecosystem is evolving and getting stronger,’’ he said.

    He explained that as a member of GPA, the country could get mutual legal assistance on enforcement, capacity building, information sharing and intergovernmental collaboration.

    Some other achievements, he added, were the launch of Nigeria Data Protection Strategic Roadmap and Action Plan 2023 -2027 and commencement of bilateral cooperation with other jurisdictions, issuance of Data Protection Compliance Organisations code of conduct.

     

  • GTBank, Zenith Bank in trouble over alleged data breach

    GTBank, Zenith Bank in trouble over alleged data breach

    The Nigeria Data Protection Bureau (NDPB) has commenced an investigation into allegations of data breach against Guarantee Trust Bank (GTBank) and Zenith Bank.

    TheNewsGuru.com (TNG) reports Mr Babatunde Bamigboye, Head, Legal Enforcement and Regulations of NDPB said this in a statement issued in Abuja.

    Bamigboye said the investigations were triggered by allegations of unlawful disclosure of banking records to a third party, unlawful access and processing of personal data.

    National Commissioner of NDPB, Dr Vincent Olatunji in the statement said the investigation would cover the data governance practice of the banks in all their branches in Nigeria.

    He said this would extend to all third parties carrying out their data processing activities.

    “The bureau notes with concern that many data privacy and protection regulations and best practices are hardly implemented down to the organizational strata of major data controllers in Nigeria.

    “Similarly, the bureau enjoins rganisations  to heed the Federal Government circulars and general compliance notice directing them to send the names of their Data Protection Officers/Contacts to the Bureau.

    “There are reports by Nigeria Inter Bank Settlement System (NIBSS) which indicated that within nine months of 2020, fraudsters attempted 46,126 attacks and they were successful with 41,979 occasions representing 91 per cent of the time.

    “This level of vulnerability to data breach is unacceptable,” he said.

    According to him, such attacks can only be addressed through foolproof data security and data privacy measures by data controllers,data processors in the industry.

    Olatunji, however, enjoined all financial institutions to emulate the Central Bank of Nigeria in compliance with the Nigeria Data Protection Regulation (NDPR) 2019 by creating a robust data governance system.

    He also called on all organisations to leverage on the ongoing National Privacy Week to set their records straight on how they handle the data of citizens.

    Olatunji added that enforcement measures would be taken against wilful violators of privacy rights going forward.