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The Nigeria Data Protection Commission (NDPC), which is in charge of protecting Nigeria’s data, has raised alarm over what it calls coordinated cyber threats against the country’s financial systems and important digital infrastructure. It has urged organizations to quickly strengthen their data security frameworks.
The commission, through its Head of Legal, Enforcement, and Regulations, Babatunde Bamigboye, called for organizations that handle personal data to take action right away.
The commission said that its technical investigation found that shady threat actors were working together to attack important national systems.
The NDPC said that institutions that provide banking services, payment platforms, telecommunications, cloud infrastructure, and public-sector digital services are becoming more vulnerable, which increases the risk of data breaches and service interruptions.
The statement said, “The commission strongly advises that data controllers and processors (including MDAs) urgently step up their technical and organizational measures to ensure the privacy of all Nigerians and other data subjects in line with the Nigeria Data Protection Act, 2023 (NDP Act).”
The NDPC gave businesses a list of things they need to do to lower their risk of cyber attacks. Some of these are hiring trained and certified Data Protection Officers, putting in place full privacy policies, and doing Data Privacy Impact Assessments.
It also stressed the need for stronger technical protections like network segmentation, zero-trust security architecture, and multi-factor authentication.
The commission said, “Organizations should use strong identity and access controls, adopt zero-trust architecture, and make sure that patch management is done all the time to fix system vulnerabilities.”
The regulator also stressed the need to protect cloud infrastructure, application programming interfaces, databases, and access credentials, in addition to internal systems.
The commission also told businesses to set up systems for real-time monitoring, logging, and threat detection, as well as encryption and safe credential management.
It also said that “entities should do vulnerability assessments and penetration testing on critical systems and keep doing regular backup, recovery, and resilience testing.”
The advisory comes at a time when regulators are paying more attention to companies because of an ongoing investigation into an alleged data breach that involved Remita Payment Services Ltd and Sterling Bank, among others.
The NDPC says that the investigation is focused on figuring out what kind of breach it was, how big it was, what kinds of personal data were involved, what risks it posed to the people whose data was stolen, and whether the steps taken to protect the data were enough.
The commission said again that it would make sure that companies follow the Nigeria Data Protection Act 2023. It also said that not putting in place the right protections could put millions of Nigerians at risk of privacy violations and cyber threats.
