DATA PROTECTION COMPLIANCE; DATA CONTROLLERS AND PROCESSORS TO PAY FINE

 

Since the announcement that president Bola Tinubu signed Data Protection Bill into law what steps have you taken as a data controller or data processor?

In July, Dr. Vincent Olatunji also ordered that banks, telecommunications and other organizations that control and process data register with the NDPC between now and the December 31st.

What steps have you taken as a business?

Now, The National Commissioner of Nigeria Data Protection Commission (NDPC), Dr. Vincent Olatunji, has revealed that telecommunications companies, banks, and other organizations may be fined up to two percent of their annual revenue if they go contrary to the new data protection law.

Dr. Olatunji, disclosed this on Monday in Abuja during a news conference on the implementation of the recently signed Nigeria Data Protection Act 2023. He said that depending on the impact on the victim and other factors, the sanctions could be more or less severe.

He went further to state that the goal of NDPC is not to witch-hunt or fine anybody but to inculcate in people, both by default and by design, the culture of data privacy compliance.

Dr. Olatunji further stated that CEOs of public institutions will be held accountable for data breaches rather than the organization.

He stated that the Act will ensure a sustainable digital economy and that the commission was putting plans in place to create 500 000 jobs in order to close the capacity gap in the subsector and help the President achieve his goal of creating one million jobs.

Dr. Vincent Olatunji further disclosed that the Commission targets to increase public awareness campaigns, develop a standardized framework for implementation to ensure consistency and clarity across all sectors, and improve capacity-building for Data Protection Officers (DPOs) within the next two quarters of the year.

Don't wait until your organization gets fined, you should get started with your registration.

Read the 5 things you should be doing here.

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