GDPR: What Nigerian Companies Need to know

Data protection has become crucial in the digital age with the rate of data loss and disclosure of processed data to third parties. The data breach experienced by Yahoo, LinkedIn, Equinox, and the Facebook cum Cambridge Analytica scandal has reinforced the assertion that data is the new oil in the digital economy. Consequently, the perspective…

Uber’s 2017 Bumpy Ride

In less than five days, 2017 will end and we will welcome 2018 with the euphoria of “Happy New Year”.  A quick review of 2017 showed that the tech sector had copious exciting news including; the potential acquisition of 21st Century Fox by the Walt Disney Company for $52.4 billion (subject to approval of antitrust…

AXA Insurance suffers Cyber Attack

AXA Insurance in Singapore has suffered a cyber attack on its Health Portal which has led to the loss of personal data belonging to 5,400 policy holders. The data stolen from its Health Portal include date of birth, mobile number and email address of the affected policy holders. AXA stated that no other personal data…

FEC Grants E-Commerce and 26 other Industries Pioneer Status

At the Federal Executive Council (FEC) meeting held on Wednesday, August 2, 2017, the FEC approved the grant of pioneer status to 27 industries. These industries include: E-commerce services; Software development and publishing; Mining and processing of coal; Processing and preservation of meat/poultry and production of meat/poultry products; Manufacture of starches and starch products; Processing…

Microchips to be installed in Employees by a Wisconsin Company

A technology company based in Wisconsin is offering its employees microchip implants that can be used to scan into the building and purchase food at work. The chip which uses RFID technology or Radio-Frequency Identification, can be implanted between the thumb and forefinger “within seconds,” The company stated that microchip implant is not compulsory for its employees.