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Nigeria's NDPC fined Fidelity Bank N555.8m for data breaches, the largest ever fine.
Nigeria's National Data Protection Commission (NDPC) fined Fidelity Bank N555.8m ($1.27m) for multiple data breaches, marking the largest ever fine issued by the commission.
The fine, 0.1% of Fidelity Bank's 2023 annual gross revenue, was aggravated by the bank's lack of cooperation and perceived arrogance during the probe.
The NDPC emphasised the importance of protecting customer data in Nigeria's evolving digital landscape.
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El NDPC de Nigeria multó a Fidelity Bank N555,8m por brechas de datos, la más grande de todas las multas.