Connect with us

E-Business

The Importance of GDPR Compliance for Nigerian Businesses

Published

on

Kindly share this post

By Adebayo Sanni

The deadline for compliance with the General Data Protection Regulation (GDPR) has come and gone.

 

And while it happened without too much fanfare in Nigeria, companies that think they can ignore the legislation and maintain a business as usual approach are in for a rude awakening.

 

Any organisation (irrespective its size, industry or geographic location) that has dealings with a company or people inside the European Union (EU) must adhere to it.

 

Those not willing to do so, face fines of either 20 million euros or four percent of their global revenue.

 

Already, the past few weeks have seen a notable increase in emails from subscription lists mentioning data privacy and how the personal information of subscribers are stored and kept safe.

 

For cloud providers that have customers around the world, this is a significant piece of regulation. However, even a small start-up in downtown Lagos that provides a service to a person living in France must be compliant.

 

While a lot of focus is currently on companies inside the EU, it will only be a matter of time before ‘outside’ businesses and services are reviewed and audited.

 

Of course, the cloud provides many benefits to organisations that are required to be GDPR-compliant.

 

Not only does it provide a more secure platform, but the environment is robust and continuously updated to reflect the latest technology innovations.

 

This results in a smoother migration path when it comes to data security and management with GDPR in mind.

Changing behaviour

At 68 pages with 99 separate areas of focus, it is hardly surprising that many feel intimidated by the GDPR. For those providing cloud or ‘as-a-service’ solutions, there are four key requirements to consider – data security; rights of individuals; documentation and security audits; and data breach notifications.

 

But even before one can delve into the technical aspects of compliancy, the reality is that many Nigerian businesses need to change the way they view and use data. Certainly, the situation is not unique to the country with many others struggling to adapt to a new way of capturing, storing, using, and sharing data.

 

It all starts with consent and whether the user agrees to the kind of data being stored about them and what it will be used for.

 

This forces a re-think in the way data is collected. Companies should carefully review whether the information they collect about their customers are necessary and, if it is, how securely is it stored and protected from external systems.

 

The days of blindly sharing customer data and insights with third parties are a thing of the past. An important aspect of this is to make sure the language used in data collection policies is written in a way that the layperson can understand. So, no more hiding behind legalese or difficult to follow technical concepts.

 

Already, there is a groundswell of support to the mantra ‘your data, your property.’ Nigerian businesses must ensure they keep this in mind.

 

This is also where the critically important ‘right to forget’ component of GDPR comes in. A consumer can delete his or her profile at a business with the personal information needing to be wiped clear. Just consider the impact this will have on social networks.

 

Local guidance

Fortunately, Nigeria has the Digital Rights and Freedom Bill for companies to fall back on. Even though it is still awaiting presidential assent, the bill does provide organisations with guidance on data handling, collection, and use in the country.

 

Furthermore, compliance is not something that is done once and forgotten. Instead, decision-makers need to continually review and assess their data management strategies and policies. The GDPR is an ongoing concern that requires an integrated approach to data.

 

Fundamentally, local companies do not have the luxury of using disparate databases and systems any longer. They must all be integrated, with the data securely stored every step of the process.

 

Even though the deadline of 25 May is long forgotten, companies must review and assess their policies to ensure they do not fall foul of regulators. The cost of not doing so is too severe to ignore.

 

Adebayo Sanni is MD of Oracle Nigeria


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

E-Business

Kaspersky Warns of a New Dream Job Scam Targeting Victims on LinkedIn

Published

on

Kindly share this post

Kaspersky experts warn against a new wave of phishing scams on LinkedIn targeting people in the Middle East, Turkiye, Africa (META) region, with the promise of a dream job. Specifically, cybercriminals focus on users from the UAE, Turkiye and Nigeria.

Cybercriminals posing as HR managers from high end fashion brands are luring victims to download fraudulent files with the intent to steal credentials for Facebook Business accounts and run ads for monetary gain.

People working in the field of digital marketing and sales are prime targets for this scam. As a first step, the scammers proactively contact victims on LinkedIn highlighting a lucrative salary package for a job role.

After gauging the victim’s interest, the scammers share a malicious link and persuade candidates to download documents related to the job from a cloud storage platform to successfully meet their objective. Upon investigating the malicious files, Kaspersky experts found that scammers were using a malware named Ducktail to infiltrate devices.

Ducktail is designed to steal user logins and passwords for Facebook Business accounts and uses stealthy techniques to remain undetected. The scam is targeted at the META region, with detections in the UAE, Turkey, Iraq, Nigeria and Lebanon.

Sharing her experience to warn people of this ongoing scam, Hiba Safadi, Marketing Manager from the UAE said; “When the recruiter contacted me, I was intrigued. To know if he was genuine, I checked his LinkedIn profile which seemed authentic because it had a picture, testimonies etc.

“As we continued our conversation, he repeatedly insisted that I download some files related to the job, and this is when I felt something was off. Since I did not comply, he deliberately started mentioning the salary package to convince me into downloading the files, and this was the second red flag.”

Amin Hasbini, Head of Global Research and Analysis Team (GReAT), for META at Kaspersky, said; “This is not the first time Ducktail malware has made a comeback. Enticing people with a dream job that includes a hefty remuneration is a classic example of a social engineering tactic commonly used by scammers.

Scammers are capable of communicating from accounts that look like corporate addresses, but in reality are compromised or from free email services or phishing domains. We understand it is very difficult to constantly be on alert, but it is necessary to remain cautious and take basic measures into consideration.

For example, understand how the recruiter found you, research the employer, make sure you have a security solution installed, and most importantly, avoid clicking on links or downloading attachments from unknown or suspicious senders.”


Kindly share this post
Continue Reading

E-Business

Konga Guarantees Same day Delivery for Mid-Year Shopping Festival

Published

on

Kindly share this post

Konga, Nigeria’s leading composite e-commerce giant, has pledged huge savings and more importantly, same day delivery for shoppers in the second edition of the much-anticipated Mid-Year Shopping Festival.

Widely regarded as the biggest discount sale in the first half of the year, Konga Mid-Year Shopping Festival kicks off formally on Tuesday, May 30 and will run through Friday, June 30, 2023 online at www.konga.com and offline in every Konga store nationwide.

An annual promotion, the month-long fiesta coincides with the celebration of Konga’s 11th anniversary, with the management of the e-commerce giant also seizing the opportunity to roll out KongaNow, its same day delivery initiative through which shoppers can get their verified items delivered within one to six hours.

All products tagged KongaNow on the Konga website are available for immediate delivery, provided orders are placed before 2pm daily.

Alternatively, shoppers can access www.konga.com/konga/now to select from a wide array of genuine high and medium-value items across categories.

Meanwhile, a variety of exciting offers have been lined up for shoppers throughout the month-long duration of the Konga Mid-Year Shopping Festival.

In addition to mouthwatering price crashes of up to 70% across multiple product categories including Computing, Electronics, Mobile Phones, Fast-Moving Consumer Goods (FMCG), Home & Kitchen Appliances, Wine & Spirits, Fashion, etc., Konga has equally lined up a suite of budget offerings tailored for every pocket, including Under 5k Shop, 10k Shop, 20k Shop and Under 30k shop, among others. Shoppers are also in for a treat, with treasure hunts, live auctions and flash sales on specific days of the campaign.

In partnership with leading financial institution, Access Bank, Konga is also offering extra 10% discount off all purchases made by Xclusive Plus subscribers who shop with their Visa Signature Card.

Also on offer are app-only deals for Konga App users, early bird discounts, special deals for walk-in customers to Konga stores, free delivery for Konga Prime subscribers, special bulk deals for heavy shoppers, business owners, corporate/religious organizations, cooperatives and educational institutions, among others.

In line with its mandate of helping shoppers save money, prospective travelers will also enjoy special deals on visa and passport processing, summer flight packages to major destinations as well as flexible instalment payments via Konga Travels & Tours.

These offers are available simply by emailing [email protected] or WhatsApp: 08112114488.

KongaPay users are also set to benefit from attractive discounts and bonuses on daily transactions, airtime and data recharge, among others during the Mid-Year Shopping Festival.

Konga Mid-Year Shopping Festival runs from Tuesday May 30 till Friday June 30, 2023.


Kindly share this post
Continue Reading

E-Business

Digital Superstitions that Internet Users Believe In

Published

on

Kindly share this post

Kaspersky recently analysed what digital superstitions Internet users believe in nowadays and investigated whether there are grounds for these beliefs.

According to the global Kaspersky Digital Superstitions survey, the most popular misbelief is that one should not pronounce “Yes” or “No” when speaking on the phone with strangers.

Allegedly, the conversation can be recorded and used to steal money from banking accounts: the majority of respondents surveyed from the Middle East, Turkiye and Africa (META) region (84%) agree with this.

In fact, voice identification systems are used in some banks, but only as an additional authentication tool which is not enough for carrying out a transaction, in particular to withdraw or transfer money.

Another common misconception that 85% of respondents in the META region believe in is that the HTTPS protocol of a website guarantees its authenticity. While in fact, the HTTPS certificate means that personal data can’t be reached from outside of the website, however this data can still be stolen by the site itself if it is a phishing resource.

More than half (57%) of respondents believe that it’s possible to delete all information on a smartphone by rolling it back to factory settings. In reality, the data can often be recovered after a factory reset and formatting. Specifics of the storage space on gadgets implies that the data is deleted only in case it’s overwritten, which is not happening during a reset.

57% of respondents from the META region think that if the device is not connected to the Internet, it is impossible to infect it with malware. In fact, it’s possible to infect a device even if it is not connected to the Internet, for example, using a flash drive or other removable media.

Four in five (82%) users think that the “Incognito” mode in the browser provides complete anonymity on the Internet. Though “Incognito” mode doesn’t guarantee absolute privacy. In this mode, the browser is not saving the history of visiting websites, cookies, download history and authorisation data which is not equal to complete anonymity.

“For over 25 years already we’ve been fighting not only various cyberthreats, but also digital superstitions. However, many of them are extremely durable. For example, it is interesting that more than a third of the users surveyed still believe that cactus plants absorb radiation from a monitor that may be harmful.

“That is why it is important to constantly improve digital literacy, as well as use reliable security solutions. There is nothing to be ashamed of not knowing something – and it is never too late to learn something new,” says Brandon Muller, technology expert and consultant for the MEA region at Kaspersky.

 


Kindly share this post
Continue Reading

Trending