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IIM-Africa Chair, DKIPPI Warn Against Data Privacy Abuse

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Tokunbo Smith, chairman, DKIPPI’s Board of Trustees (6th from left) flanked by speakers and some of the guests at Data Privacy Day commemoration in Lagos

Dr Oyedokun Oyewole, president and chairman Governing Council of the Institute of Information Management (IIM) Africa, and Tokunbo Smith, chairman Data & Knowledge Information Privacy Protection Initiative (DKIPPI), have cautioned individuals, corporate and government organisations on the inherent dangers for neglecting data privacy abuses.

Joined by other experts drawn from the legal, health, religious, educational and information management and other disciplines, in commemoration of this year’s Data Privacy Day (DPD), unanimously agree on the need for speedy passage of the Information Privacy Act lying at the floor of the national assembly for close to a decade.

The Data Privacy Day is recognized internationally as a way to raise awareness of, and discuss solutions for, the growing problem of data privacy vulnerabilities. But if you ask me, I would suggest every day should be Data Privacy Day.

Delivering a keynote address at the occasion held in Lagos, Oyewole said that it is essential for business leaders and other stakeholders to understand the full risk potential of data privacy threats and how to address these issues.

He recalled that in response to the increasing levels of data breaches and the global importance of privacy and data security, in 2010 the Online Trust Alliance (OTA) and dozens of global organizations embraced Data Privacy Day as Data Privacy & Protection Day, emphasizing the need to look at the long-term impact to consumers’ data collection, use and protection practices.

The IIM-Africa’s Chairman said, “The art of technological advancement is embraced by all nations including developing countries. Today, the world has become a global village where people share information at the same time but in different parts of the world over the internet. Unfortunately, a developing country like Nigeria venture into such technology without understanding the implications and the legal frameworks under which those technologies function, considering the fast pace at which technology keeps evolving while the legal pace remains predominantly slow.

“In recent years, the number of African countries which have enacted privacy frameworks or are planning data protection laws has vastly increased. Currently, 14 African countries have privacy framework laws and some sort of data protection authorities in place”.

Meanwhile, seven African countries have data protection bills in place: Nigeria, Kenya, Madagascar, Mali, Niger, Tanzania, and Uganda.

“Nigeria has two Data Protection related bills (one dated 2008 and the other 2010) yet, neither has been passed into law”, he lamented.

Speaking specifically with regards to ‘Issues, Challenges and Opportunities’ in data privacy, the keynote speaker said, “Businesses and their customers’ alike collect, store and transmit vast amounts of information electronically, and they want to believe that this information is secure. At the customer level, the concern for data privacy should stimulate laws and regulations aimed at addressing those issues including what information can be collected and maintained, how the information should be stored, how and where information can be transmitted, and required actions in the event of a security breach.

“As reports of identity theft, inadvertent release of customer and proprietary business information, and successful attempts by hackers to penetrate systems and steal information, continue to command headlines in the media”.

He said that more than ever, intangible assets such as customers, systems and information form the foundation on which corporate value is built.

He added that “Protecting sensitive information is, in fact, one objective that governments and businesses share. Given the risks and related requirements, ensuring the privacy of customer information and protecting critical corporate data should be “top-of-mind” issues for management teams. Organisations should develop and implement privacy and data protection programs, these programs should include understanding the risk landscape (legal, regulatory, etc.) related to information collection and transmittal, organizational policies, sufficient training, and verified third-party providers, among many others”.

Earlier, Mr. Tokunbo Smith, chairman, DKIPPI’s Board of Trustees, said that every member of the society ought to embrace data privacy pledge, which is to, “respect other people’s privacy. Safeguard data within my custody; use data for authorized purposes only; be transparent about collection and use of data; not to share data without consent from owner; not to share my personal sensitive data and not to destroy data integrity”.

According to him, when fully embraced by the members of the society, the aforementioned will go a long way in curbing impunity, and bring sanity even to the cyberspace.

 

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.

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E-Business

Go Rentals Targets Nigeria in African Operations Expansion Plan

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At its annual partner results event this week, Go Rentals CEO Evan Berger announced its 2018/19 expansion plans into Africa for its Technology Rental services.

“Our pilot expansion began in 2016/2017, fuelled by a multinational client’s need to train thousands of staff on SAP throughout Africa and Southern Africa, and was missing a cost-effective hardware solution.

The key driver for selecting Go Rentals for this project was reliability and our ability to handle complex logistics for moving IT hardware,” says Berger. “Working on the continent presents many challenges in import/export, technical skills, asset tracking, contingency planning, just to name a few challenges our innovations addressed.”

2017 saw the roll-out of projects in Namibia, Zambia, Angola and Lesotho in 2017, with infrastructure projects already completed in Botswana, Swaziland, Nigeria, Botswana, Mauritius, Madagascar, DRC, Ghana and Uganda.

“Through the partnerships established in these regions, we are now expanding broader operations,” says Managing Director Clayton Heldsinger.” The expansion at this stage focuses on providing IT infrastructure for large-scale training projects, elections, and other temporary infrastructure requirements.”

Temporary infrastructure projects are largely considered infeasible in many regions due to the lack of availability of stock, challenging logistics, high costs and availability of skills.

“Unlike service delivery to an office environment, where project delays are common, the number one factor to consider in a special infrastructure project like training or an election is that the event must happen on the given day,” says Heldsinger.

“The IT costs pale in comparison to the investment the client has made in venues, human resources, travel and accommodation costs and more. Our IT has to be ready, and we know how. ”

“Using our expertise, systems and blueprint developed in South Africa, we began doing the same in other countries throughout Africa, with remarkable success,” explains Berger.

Go Rentals has a winning formula for delivering temporary projects that require challenging logistics. These include mass training infrastructure, national elections, World Cup, temporary offices, rural installations and other projects.

If your corporation has a requirement for reliable infrastructure supply, delivery and support in Africa, contact Heldsinger or Ron Keschner, Sales Director at Go Rentals.

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IBM Study Unveils Hidden Costs of Data Breach

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IBM Security has released a global study examining the full financial impact of a data breach on a company’s bottom line.

The study found that hidden costs in data breaches — e.g., lost business, negative impact on reputation and employee time spent on recovery — can be a huge factor. In a “mega breach” of 1 million or more records, one-third of the cost derived from lost business.

And the cost is on the rise; since the 2017 report, the average cost of a data breach globally has increased 6.4 percent, to $3.86 million, according to IBM. The number of mega breaches is also up — from nine in 2013 to 16 in 2017.

The study, sponsored by IBM and conducted by Ponemon Institute, also reveals that:

– Average cost of a data breach involving 1 million records is nearly $40 million.

– Estimated cost of a breach involving 50 million records is $350 million.

– Average time to detect and contain a mega breach (365 days) is 99 days longer than for a smaller-scale breach.

– In a mega breach, the greatest cost is from lost business, estimated at nearly $118 million for a breach of 50 million records.

A major factor in lost business cost is customer turnover — a recent IBM/Harris poll found that 75 percent of consumers in the U.S. say that they will not do business with companies that they do not trust to protect their data.

“The truth is there are many hidden expenses which must be taken into account, such as reputational damage, customer turnover, and operational costs,” said Wendi Whitmore, global lead for IBM X-Force incident response and intelligence services. “Knowing where the costs lie and how to reduce them can help companies invest their resources more strategically and lower the huge financial risks at stake.”

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Global Accelerex Trains Nigerian Security Agencies on Cyber Crime

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Global Accelerex Limited, a Central Bank of Nigeria-licenced Payment Terminal Service Provider and Payment Solution Service Provider, as part of its Corporate Social Responsibility Program, is set to train members of Nigeria’s Security Agencies on Cybercrime.

The event, which will hold on July 25, 2018 at Ladi Kwali Conference Center, Sheraton Hotel, Abuja, will enrich participants’ knowledge of the cyberspace and increase their versatility in dealing with on-line crime.

This collaboration, first of its kind in the e-payment industry, is borne out of the company’s desire to rid the nation of cyber criminals who continue to bring the country’s name into disrepute.

In addition to learning about cyber vulnerability, attendees will also learn about insider threats and sophisticated cyber adversaries.

The forum will host more than 30 participants including officials of the Nigerian Police, Nigerian Armed Forces, Economic and Financial Crimes Commission, Independent Corrupt Practices Commission, State Security Service, National Intelligence Agency and National Drug Law Enforcement Agency.

Others are Nigerian Security and Civil Defence Corps, Defence Intelligence Agency and Nigerian Custom Service.

“We applaud the effort of the Nigerian government in combating cybercrime and securing lives and property in the country. Global Accelerex is driven to compliment this effort to ensure that Nigeria is rid of these miscreants so that citizens can enjoy the cyberspace with the peace of mind they deserve.

It is absolutely critical that we support security operations so that Nigerians can use the internet freely, which is why this training is vital”, stated Stanley Peters, Chief Technology Officer of the company.

The National Security Adviser commends the initiative by Global Accelerex, saying that the move will definitely impact positively on the officers and the nation in general.

He added that continuous training is critical to stay ahead of criminals even as he revealed that attendees have shown a high level of enthusiasm at this unique opportunity.

Keynote speakers that will bring their experience to bear are Mr. Tahmeed Rab, Co-Founder and Managing Partner of Kaizen Solutions Group, Baltimore, USA and Mr. Peter Obadare, Co-Founder and Chief Operating Officer of Digital Encode.

Both experts are acclaimed for their ground-breaking achievements in cyber security, risk and compliance, mobile forensics, network and system consulting.

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