The Nigeria Data Protection Bureau (NDPB) has commenced investigation into allegations of data breach by Guarantee Trust and Zenith Banks.
Mr Babatunde Bamigboye,Head,Legal Enforcement and Regulations of NDPB said this in a statement issued in Abuja.
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.“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.
“There are reports by Nigeria Inter Bank Settlement System 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.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.
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