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Experts Seek National Data Protection Act as EU GDPR Takes Effect

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Cybersecurity experts in Nigeria have urged regulatory authorities in the ecosystem to come up with a national data protection act to prevent organizations in the country from revenue loss and sanction.

 

This is as ahead of commencement of the implementation of European Union Data Protection Regulation (GDPR) yesterday.

 

European Union’s General Data Protection Regulation (GDPR) requires any enterprise in the world that conducts business with at least one citizen of the EU to comply with GDPR protections of personally identifiable information or face stiff penalties.

 

Reacting Oluseyi Akindeinde, chief technical officer, Digital Encode, said that Nigeria needs to have a framework for cybersecurity, starting with a national data protection act.” Data is the new currency and as such has to be adequately protected.”

 

He added that: “most private organizations have invested quite a lot in securing their electronic infrastructures via security operations centers however not much can be said of the public enterprises.”

 

On cybercrime law that never had effect before it becomes outdated, he said: “any law has to be interpreted properly and be legally enforceable by the people to whom it applies. I don’t think the people tasked with the cyber law have fully come to grasp with Nigeria’s law.

 

“There needs to be a concerted effort to get the lawyers, judges and law enforcement agencies up to speed with the more intricate aspects of cyber security. The field is highly technical and there are quite a number of things they need to understand before taking up and judging cases related to cyber crime.

 

Ahmed Adesanya, IT Security and Connectivity consultant, said that ignoring the EU regulation could cost organizations millions, but thinking about privacy could make organization’s products and process stronger.

 

“I feel there must be personnel accountable for cyber security in every organization and it need to be criminalized for negligence or none-compliance for not disclosing breach to supervising agency. Our Cyber Security law must be strong as the May 25 for EU GDPR come into effect by today, which will change the model of businesses throughout the world,” he said.

 

Edward Carbutt, Executive Director at Marval Africa, making a case for people and process in fight against cybercrime, said that technology is only one of the components that make up a strong defence against cyberattack.

 

“Even with the right technology in place, organizations are still vulnerable to attack, and should protect themselves in other areas, too. For optimal cybersecurity, organizations can look towards addressing five key elements: people, processes, technology, change and culture.

 

People, Processes and Technology have long been the cornerstones of Information Technology Infrastructure Library (ITIL) frameworks, often referred to as the “golden triangle” for successful project implementations and change management.

 

The ability to implement change and an organization’s culture are just as critical to security and play an important role in today’s rapidly evolving digital world.


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E-Business

Huawei Unveils AI Computing System to Challenge Nvidia’s Flagship Product

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China’s Huawei Technologies unveiled an AI computing system on Saturday that an industry expert said rivals Nvidia’s most advanced product, as the company aims to expand its footprint in the country’s booming AI sector.

Huawei Unveils AI Computing System to Challenge Nvidia’s Flagship Product

The CloudMatrix 384 system made its public debut at the World Artificial Intelligence Conference (WAIC), a three-day event in Shanghai, attracting a large crowd to Huawei’s booth with its showcase of cutting-edge AI innovations.

The system has attracted significant interest from the global AI community since Huawei (HWT.UL) first introduced it in April. Industry analysts see it as a direct challenger to Nvidia’s GB200 NVL72, the most advanced system-level offering currently available from the U.S. chipmaker.

In an April article, Dylan Patel, founder of semiconductor research firm SemiAnalysis, stated that Huawei now possesses AI system capabilities that could surpass those of Nvidia.

Huawei staff at its WAIC booth declined to comment when asked to introduce the CloudMatrix 384 system.

A spokesperson for Huawei did not respond to questions.

Huawei has become widely regarded as China’s most promising domestic supplier of chips essential for AI development, even though the company faces U.S. export restrictions.

Nvidia CEO, Jensen Huang told Bloomberg in May that Huawei had been “moving quite fast” and named the CloudMatrix as an example.

The CloudMatrix 384 system features 384 of Huawei’s latest 910C chips and, according to SemiAnalysis, surpasses Nvidia’s GB200 NVL72 in certain performance metrics, despite the latter using 72 B200 chips.

SemiAnalysis attributes this performance advantage to Huawei’s strong system design, which offsets the lower power of individual chips by leveraging a greater number of them and incorporating system-level innovations.

Huawei describes the system as utilizing a “supernode” architecture that enables ultra-high-speed interconnectivity between chips.

In June, Zhang Pingan, CEO, Huawei Cloud confirmed that the CloudMatrix 384 was already operational on Huawei’s cloud platform.


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Transcorp Hotels Delivers Stellar H1 Results, Declares Over ₦1Bn Dividend

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Transcorp Hotels Plc has delivered a stellar performance in the first half of 2025, recording a 60% year-on-year surge in revenue to ₦47.57 billion, up from ₦29.72 billion in H1 2024. Gross profit climbed 71% to ₦36.21 billion, maintaining a strong 76% margin despite inflation and operational headwinds.

The hospitality giant, a subsidiary of Transnational Corporation Plc, also announced an interim dividend payout of ₦1.024 billion — offering ₦0.10 per 50 kobo ordinary share to shareholders.

In a bold move, the company unveiled Nigeria’s largest corporate venue — the 5,000-seat Transcorp Centre — staking its claim as the new leader in event hospitality. Chairman Emmanuel Nnorom described the results as proof of Transcorp Hotels’ transformative strategies and unwavering investor commitment. MD/CEO Uzo Oshogwe attributed the success to relentless execution and a resilient business model.

Transcorp Hotels, renowned for iconic assets like Transcorp Hilton Abuja and its digital platform Aura, says it isn’t just leading Nigeria’s hospitality sector — it’s redefining excellence across Africa.


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Microsoft Servers Hacked by Chinese Groups

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Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.

Microsoft Servers Hacked by Chinese Groups

 

China state-backed Linen Typhoon and Violet Typhoon as well as China-based Storm-2603 were said to have “exploited vulnerabilities” in on-premises SharePoint servers, the kind used by firms, but not in its cloud-based service.

The US tech giant has released security updates in response and has advised all on-premises SharePoint server customers to install them.

“Investigations into other actors also using these exploits are still ongoing,” Microsoft said in a statement.

The firm said it had “high confidence” the hackers would continue to target systems which have not installed its security updates.

It added that it would update its website blog with more information as its investigation continues.

Microsoft said it had observed attacks in which hackers had sent a request to a SharePoint server “enabling the theft of the key material by threat actors”.

Charles Carmakal, chief technology officer at Mandiant Consulting firm, a division of Google Cloud, told reporter, it was “aware of several victims in several different sectors across a number of global geographies”.

Carmakal said it appeared that governments and businesses that use SharePoint on their sites were the primary target.

A number of adversaries who stole material encoded by cryptography were then able to regain ongoing access to the victims’ SharePoint data, he said.

“This was exploited in a very broad way, very opportunistically before a patch was made available. That’s why this is significant,” Carmakal said.

Carmakal said the “China-nexus actor” was deploying techniques similar to previous campaigns associated with Beijing.

Microsoft said Linen Typhoon had “focused on stealing intellectual property, primarily targeting organizations related to government, defence, strategic planning, and human rights” for 13 years.

It added that Violet Typhoon had been “dedicated to espionage”, primarily targeting former government and military staff, non-governmental organizations, think tanks, higher education, the media, the financial sector and the health sector in the US, Europe, and East Asia.

Meanwhile, Storm-2603 was “assessed with medium confidence to be a China-based threat actor”.

 

 

 


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