Wednesday , April 2 2025
keyboard

NPDC fined Fidelity Bank ₦555.8 Million

Nigeria’s National Data Protection Commission (NDPC) fined Fidelity Bank ₦555.8 million for breaking customer data protection laws.

  Source: X

Punch reported that Olatunji said the top bank violated Nigeria’s Data Protection Act and Regulation, resulting in a large fine of 0.1% of the bank’s 2023 revenue.

Check Point said BreachForum post old data

Israeli cybersecurity firm Check Point has responded to a hacker who claimed to have stolen valuable information from its systems....
Read More
Check Point said BreachForum post old data

Apple Warns of 3 Zero Day Vulns Actively Exploited

Apple has issued an urgent security advisory about 3 critical zero-day vulnerabilities—CVE-2025-24200, CVE-2025-24201, and CVE-2025-24085—that are being actively exploited in...
Read More
Apple Warns of 3 Zero Day Vulns Actively Exploited

24,000 unique IP attempted to access Palo Alto GlobalProtect portals

GreyNoise has detected a sharp increase in login scanning aimed at Palo Alto Networks PAN-OS GlobalProtect portals. In the past...
Read More
24,000 unique IP attempted to access Palo Alto GlobalProtect portals

CVE-2025-1268
Patch urgently! Canon Fixes Critical Printer Driver Flaw

Canon has announced a critical security vulnerability, CVE-2025-1268, in printer drivers for its production printers, multifunction printers, and laser printers....
Read More
CVE-2025-1268  Patch urgently! Canon Fixes Critical Printer Driver Flaw

Within Minute, RamiGPT To Escalate Privilege Gaining Root Access

RamiGPT is an AI security tool that targets root accounts. Using PwnTools and OpwnAI, it quickly navigated privilege escalation scenarios...
Read More
Within Minute, RamiGPT To Escalate Privilege Gaining Root Access

Australian fintech database exposed in 27000 records

Cybersecurity researcher Jeremiah Fowler recently revealed a sensitive data exposure involving the Australian fintech company Vroom by YouX, previously known...
Read More
Australian fintech database exposed in 27000 records

Over 200 Million Info Leaked Online Allegedly Belonging to X

Safety Detectives' Cybersecurity Team found a forum post where a threat actor shared a .CSV file with over 200 million...
Read More
Over 200 Million Info Leaked Online Allegedly Belonging to X

FBI investigating cyberattack at Oracle, Bloomberg News reports

The Federal Bureau of Investigation (FBI) is probing the cyberattack at Oracle (ORCL.N), opens new tab that has led to...
Read More
FBI investigating cyberattack at Oracle, Bloomberg News reports

OpenAI Offering $100K Bounties for Critical Vulns

OpenAI has increased its maximum bug bounty payout to $100,000, up from $20,000, to encourage the discovery of critical vulnerabilities...
Read More
OpenAI Offering $100K Bounties for Critical Vulns

Splunk Alert User RCE and Data Leak Vulns

Splunk has released a security advisory about critical vulnerabilities in Splunk Enterprise and Splunk Cloud Platform. These issues could lead...
Read More
Splunk Alert User RCE and Data Leak Vulns

Commissioner emphasized the importance of following data protection rules and warned that not following them would result in heavy penalties.

“Data protection compliance is important, and we have stated that non-compliance will be punished. We have penalties that range from N10m or up to two per cent of gross earnings for the previous year,” Olatunji said.

He further explained that the bank’s poor cooperation during the investigation aggravated the penalty.

“We have observed serious breaches and have been working with them, investigating the issue since April 2023. But by the time we finalized our findings, they became arrogant, and we decided to issue a full penalty,” Olatunji added.

Fidelity Bank’s Response:

Reacting to this, Fidelity Bank strongly denied the allegations of a data breach. In a statement released on its website, the bank emphasized that it took data privacy and protection very seriously and had implemented robust security measures to safeguard customer information.

“On May 2nd 2023, we responded to the NDPC that the bank did not violate any law because there was no data breach and that the account opening process was not completed. On our part, we carried out due diligence by immediately blocking the account and subsequently closing the account when we did not receive the outstanding documents. At no point in the process was the account ever operational,” the bank said.

“As a Bank, we remain in discussions with the NDPC over an amicable resolution to this matter,” it added in its statement.

Check Also

FBI

FBI investigating cyberattack at Oracle, Bloomberg News reports

The Federal Bureau of Investigation (FBI) is probing the cyberattack at Oracle (ORCL.N), opens new …

Leave a Reply

Your email address will not be published. Required fields are marked *