Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach

Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG (12005 Views)

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Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by Nahunger(m): 10:19am On Jun 20, 2023

Nice

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by Lakesyd00: 10:26am On Jun 20, 2023

Put them on their toes

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by TheBillyonaire: 10:27am On Jun 20, 2023

People are products, it is the reason people are now called Human Resources. Government will fine organization who trade on peoples' data yet the money will not to the people whose data are traded but the owner of the people now known as Gov.

When I sign up forms online and I am asked for First Name , I type - Yubi. Surname - Phul. Full name becomes Yubi Phul. Pronounced - You be Fool.

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by lolu2019: 10:31am On Jun 20, 2023

Instead of saying u arrest them for being under age.just talk say the hotel owner never give u credit.

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by Indispensable85(m): 10:34am On Jun 20, 2023

Na customer supposed to collect the money na

1 Like

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by ojasweb(m): 10:34am On Jun 20, 2023

ivolt:
This is a myopic move all in the name of revenue.
No organization is 100% protected against data breach, not even the government itself.

Affected organization will now choose to deny and hide any attack from the public to avoid paying fines.
The right thing to do is to provide framework for data security and fine any organization which refuses
to follow the rules as obtained in other countries.
Also, they should let affected individuals sue the companies instead of the government cornering the
compensation meant for the victims as usual.

Mention the countries that does according to your suggestion and maybe with the source. And also, prove to us that Nigeria does not have a framework for the companies.

The government is not entirely responsible for telling the citizens how and when to take legal actions against data breach. Most of the citizens are even lazy to read about the laws that are protecting them.

In the western countries, the government fine companies, yet it doesn't stop the individuals from filling a case against the same companies.

If you as a citizen see a breach in your data, you can still file a case irrespective of whether the government has fined them or not.

1 Like

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by baralatie(m): 10:48am On Jun 20, 2023

Access bank,uba and gtb,zenith should take note

1 Like

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by NSNO(m): 10:52am On Jun 20, 2023

Between The BATified and the OBIdients
Never in recent history have we had this level of interest in the actions of the president. Every word spoken, visitor received and appointment made have been scrutinised and nitpicked by both sides. On one hand we have the BATified, these people treat every action of Mr. President as that of a political genius, the kind of genius that comes around once in a generation and they are not afraid to let us know it. They keep us updated about everything including the Nigerian Stock Exchange (since when?). On the other hand we have the OBIdients, these people are the fault finders, they see these last weeks as initial gra gra and they are patiently waiting for any mistake that they can pounce on. They are also waiting for their principal to come and take his rightful seat.
The actions of the BATified comes from the fact the election was marred with controversies so they have a lack of legitimacy to deal with while our OBIdient brothers still don't believe that Peter Obi did not win.
The past few weeks have been dramatic and I am personally waiting to see what the next few years will be like.
We should have elections like this more often😉.

*Note: I did not talk about the ATIKUlated because they have faded into the background.

2 Likes

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by ebenezary(m): 10:52am On Jun 20, 2023

If and when a breach occurs because those levels are not met, companies are subject to significant fines, fees, penalties, and punitive consequences in the US

Streetdoctor:
Indirect way of milking them dry again and d poor masses will bear d burden. Dis govt self ehhhh, they should focus on economy and security first. People are going through hell in dis damn kantri
Imagine families that can't afford ordinary ACT, imagine adults eating ground nut for a whole day as food. As a streetdoctor, Nigerians are dying of hunger, when u look at peoples faces, u see hunger, anger, frustration and depression. Tinubu focus on ECONOMY ABEG

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by Nelly909(m): 10:55am On Jun 20, 2023

Government that does not care if the citizen eat or not

[color=#770077][/color]

PussyKing:
Does the Government care about it citizens??

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by Nigeriagood(m): 11:08am On Jun 20, 2023

HumpedIcicles:
But why will they lose it to the government instead of to the customers whose data where breached?

what a clownish comment 🤡

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by Thebest12(m): 11:18am On Jun 20, 2023

lolu2019:
Instead of saying u arrest them for being under age.just talk say the hotel owner never give u credit.

On colos on colos 😂

1 Like

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by leisuretym: 11:20am On Jun 20, 2023

Imagine a road side vendor having access to my data because I want to buy airtime, the boy gave me all my details, some guys on NL are now using it to form detective when they have your number

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by ivolt: 11:30am On Jun 20, 2023

ojasweb:
Mention the countries that does according to your suggestion and maybe with the source. And also, prove to us that Nigeria does not have a framework for the companies.

The government is not entirely responsible for telling the citizens how and when to take legal actions against data breach. Most of the citizens are even lazy to read about the laws that are protecting them.

In the western countries, the government fine companies, yet it doesn't stop the individuals from filling a case against the same companies.

If you as a citizen see a breach in your data, you can still file a case irrespective of whether the government has fined them or not.

I will reiterate my points again.
Companies are fined for FAILURE to comply with data protection regulations especially not reporting it within stipulated time.
No sensible government fines a company just for being breached alone.
But this dumb bill is indirectly criminalising reporting!

If you are genuinely curious and not some programmed bot defender.
You can start your learning process by googling GDPR, HIPAA and FCT Act.

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by lolu2019: 11:33am On Jun 20, 2023

Thebest12:
On colos on colos 😂

I nor lie.na their way.

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by Godstiger(m): 11:59am On Jun 20, 2023

HumpedIcicles:
But why will they lose it to the government instead of to the customers whose data where breached?

Buhari's government was a bil- loan-niare tenure I think we are now in tax-an-naire

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by LordKay2580(m): 11:59am On Jun 20, 2023

Streetdoctor:
Indirect way of milking them dry again and d poor masses will bear d burden. Dis govt self ehhhh, they should focus on economy and security first. People are going through hell in dis damn kantri
Imagine families that can't afford ordinary ACT, imagine adults eating ground nut for a whole day as food. As a streetdoctor, Nigerians are dying of hunger, when u look at peoples faces, u see hunger, anger, frustration and depression. Tinubu focus on ECONOMY ABEG

What’s economy before you start crying

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by Nobody: 1:55pm On Jun 20, 2023

I hope zombies will be compensated accordingly.
Because, nobody would.

Re: Banks, Telcoms, Oil Firms To Lose 2% Revenue For Data Breach – FG by Streetdoctor: 4:19pm On Jun 20, 2023

LordKay2580:
What’s economy before you start crying

THAT'S A QUESTION GOR INCOMPETENCY. QUESTION FOR BLAME GAME

1 2 Reply

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