A technology firm specialising in
automated cybersecurity solutions, Cybervergent, yesterday unveiled an
artificial intelligence (AI)-driven platform to ease companies’ compliance with
the provisions of the Nigerian Data Protection (NPDA).
Recall the NDPA was signed into
law in June last year, marking a transformative shift in how businesses handle
personal data, necessitating strict adherence to robust regulations.
Non-compliance exposes businesses to substantial financial penalties,
potentially reaching N10 million or two per cent of annual revenue.
Speaking on the platform,
Co-founder and Chief Executive Officer of Cybervergent, Adetokunbo Omotosho,
said: "NDPA compliance is not a choice; it's an imperative for businesses.
As organisations 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.
"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, emphasising 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."
He said the company facilitates a
seamless onboarding process, empowering businesses and organisations to embark
on their NDPA compliance journey, involving automatically uploading essential
documents, real-time monitoring through an intuitive AI-automated interface,
and consolidating regulatory documents in a secure location. The streamlined
process ensures the safeguarding of customer data and adherence to stringent
compliance and security standards.
Critical features of
Cybervergent's data protection platform include the efficient streamlining of
NDPA compliance processes, industry-best-practice security checks, and process
automation that replaces cumbersome spreadsheets. This automated approach includes
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,” Omotosho added.
For businesses seeking a seamless
transition to NDPA compliance, Cybervergent extends a lifeline. Call +234 (1)
290 0808 or email info@cybervergent.com today.
Leave Comments