CYBERVERGENT LEADS INITIATIVE FOR SMOOTH NDPA COMPLIANCE AHEAD OF THE MARCH 15, 2024, DEADLINE.
As a significant move to enhance the safeguarding of personal information within the Nigerian business landscape, the Nigerian Presidency formally implemented the Nigerian Data Protection Act
In June 2023, the Nigerian Presidency officially passed the NDPA into law, a monumental step towards reinforcing personal information protection in the Nigerian business sphere.
This legislation signifies a transformative shift in how businesses manage personal data, requiring strict adherence to robust regulations. Failure to comply can result in significant financial penalties, potentially reaching 10 million naira or 2% of annual revenue.
In response to this, Cybervergent, a technology firm specializing in automated cybersecurity solutions, is revolutionizing the NDPA compliance landscape.
The company offers a seamless onboarding process, empowering businesses and organizations to embark on their NDPA compliance journey. This involves automatically uploading essential documents, real-time monitoring through an intuitive AI-automated interface, and consolidating regulatory documents in a secure location.
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This streamlined process ensures the safeguarding of customer data and adherence to stringent compliance and security standards.
Adetokunbo Omotosho, co-founder and Chief Executive Officer of Cybervergent, emphasized the significance of these services, stating, “NDPA compliance is not a choice; it’s an imperative for businesses. As organizations grapple with aligning with these stringent regulations and the imminent March 15th, 2024, deadline, Cybervergent has proactively introduced an AI-automated compliance platform tailored for corporations of all sizes. This platform serves as a guide, simplifying the intricate journey towards NDPA compliance.”
Key features of Cybervergent’s data protection platform include efficient streamlining of NDPA compliance processes, industry-best-practice security checks, and process automation that replaces cumbersome spreadsheets.
This automated approach covers evidence collection, document uploads, guided workflows, and the generation of early security reports.
“NDPA compliance transcends mere regulatory adherence; it is a strategic business imperative. Compliance cultivates digital trust and transparency, instilling confidence, and loyalty among customers. The focus on data security inherent in NDPA compliance significantly reduces the risk of personal data breaches, showcasing a commitment to safeguarding customer information.
“Beyond regulatory requirements, NDPA compliance becomes a catalyst for revenue growth. Businesses in compliance are better positioned to meet evolving demands for robust security measures and industry-standard certifications, thereby fostering digital trust and mitigating third-party risks.
“The consequences of non-compliance with NDPA can be severe, emphasizing the urgency for businesses to adopt proactive measures. Cybervergent’s experts are ready to guide businesses through the intricacies of NDPA compliance, employing best practices to enhance security and privacy,” added Omotosho.
About Cybervergent:
Adetokunbo Omotosho – CEO Cybervergent
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Cybervergent is a leading provider of AI-automated compliance solutions dedicated to simplifying and enhancing data protection processes for businesses navigating the complexities of regulatory requirements.
News Source: Techeconomy
