Privacy Notes

Research shows that 1 in 5 organizations worldwide are now infected by malware distributed by social media. This is because of the increased use and appreciation of social networks in virtually every sector of our lives. Banks, governments and educational institutions have incorporated the use of social media sites to improve their reach, making sites such as Facebook, Twitter, LinkedIn and Instagram a fertile ground for cybercriminals.
Some of the most popular social media attacks include the Nigerian Prince, Charity Funds, Blackmailing Scam and Social Hi-Jacking.
Check out our website, https://taxtech.com.ng, for more on protecting your data from cyber criminals. You can also become a Privacy Professional through our NDPR Academy.

The current landscape requires everyone to be data conscious as the world experiences numerous issues with data protection and privacy. Research shows 54% of companies globally record at least one cyber related attack yearly. In Nigeria, 60 percent of firms suffer cyber attacks every year. With 38% of global corporations claiming to be able to handle complicated cyberattacks, yet, up to 43 percent of cyberattacks are targeted at small and medium scale enterprises.
Cybercrime is a threat against various institutions and people who are connected to the internet either through their computers or mobile technologies. The impact of cybercrime can be felt on the lives, economy and international reputation of a nation. Nigeria is ranked as the 16th highest country in cyber-attacks vulnerabilities in Africa. Cybercrime is rising at an alarming rate with each subsequent crime more advanced than previous ones. For this reason, there is a need for increased information and knowledge on the subject.
Research shows that the banking sector is the most targeted by cyber criminals. In most cases, the intention is to cause damage to the reputation of the bank by denying service to users and sabotaging data in computer networks of organizations.
Check out our website, https://taxtech.com.ng, for more on protecting your data from cyber criminals. You can also become a Privacy Professional through our NDPR Academy.

On this maiden episode of Privacy Notes, brought to you by Taxaide Technologies Ltd, Gbenga and Urenna share insights into the Landscape of Data Protection in Nigeria.
Data protection is the fair and proper use of information about people. It’s part of the fundamental right to privacy – but on a more practical level, it’s really about building trust between people and organizations.
It’s also about removing unnecessary barriers to trade and co-operation. It exists in part because of international treaties for common standards that enable the free flow of data across borders.
Data protection is essential to innovation. Good practice in data protection is vital to ensure public trust in, engagement with, and support for innovative uses of data in both the public and private sectors.