The Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun, yesterday identified the risk of personal data of consumers being misused, or compromised in the banking sector.
She made the revelations in her keynote address at 2024 workshop for justices and judges on Legal Issues in Telecommunication Sector by Nigerian Communications Commission with National Judicial Institute in Lagos.
She noted that deployment of technology plays a role in advancement and enhancement of the economic system and drive globalisation.
“However, considering the fact that this workshop seeks to highlight and proffer solutions to legal issues in telecommunications, I will quickly bring our attention to two issues which I consider pivotal and which revolve around cyber security and the challenges of exploring the digital space.
“The first is the increased risk of the personal data of consumers being misused or compromised by unscrupulous persons, thus necessitating the need for improved strategies and innovation for consumer protection in the sector.
‘‘Also of note are deficiencies in the banking sector which are attributable to reliance on digital services provided by the sector. There is the challenge posed by electronically backed transactions which is common in the banking sector…” she said.“
