Nigerian data agency fines Fidelity Bank for breaches https://t.co/MRTxxijoKJ https://t.co/qJAUAgGL01
Nigerian Fines Fidelity Bank Record N555.8Million For Customers’ Data Privacy Breach | Sahara Reporters https://t.co/BoYnVPqu7L https://t.co/jAzcLi9SFk
FG fines Fidelity Bank N555.8m over data breach https://t.co/5pnjsTz3Ks
The National Data Protection Commission of Nigeria has imposed a fine of N555.8 million on Fidelity Bank due to violations related to customer data breaches. This penalty reflects increasing scrutiny on financial institutions regarding data privacy practices. Additionally, a report indicates that approximately 75% of fintech sponsor banks have experienced losses exceeding $100,000 as a result of compliance violations, underscoring the broader challenges faced by banks in adhering to regulatory standards.
