Dojah (YC-W22)’s Post

Banks, telcoms, oil firms to lose 2% revenue for data breach – FG Commercial banks, telecommunications companies, and other organisations will lose two percent of their annual revenue to the Federal Government for any breach of their customers’ data, the Nigeria Data Protection Commission (NDPC), has said. Olatunji said, depending on the impact on the victim and other factors, the sanctions could be more or less severe. He said: “At the core of the NDPR is the essence of respect – respect for the personal data of our citizens, respect for privacy, and respect for digital rights. This respect is now solidly etched in the NDPA”. . . Our firm stands ready to assist your organization by conducting comprehensive risk assessments, compliance audits, and gap analysis against ISO 29100 and relevant frameworks. We provide actionable recommendations and support for remediation efforts, ensuring alignment with international best practices in data protection. By partnering with us, you can strengthen your organization's data privacy posture, mitigate breach risks, and demonstrate a proactive commitment to respecting digital rights and customer privacy. Let us empower your team to safeguard sensitive information and navigate regulatory challenges with confidence. If your organization is on this table, then you have to register for our upcoming webinar on, "Effectively  Auditing ISO 29100; Privacy Framework in the Digital Era" which will be anchored by our very own Managing Partner! Webinar Details: Speaker: Orlando Olumide Odejide Date: 23 May, 2024 Time: 11AM Registration Link: bit.ly/EAT29100 Adherence to international standards like ISO 29100 can mitigate the risk of regulatory penalties and revenue losses. Register Now!

When selecting the right name screening software, it’s essential to choose one that meets your compliance needs and enhances operational efficiency. Here are some key features to look out for: Reliable, Comprehensive, and Up-to-Date Data Sources – Ensure you’re working with accurate and real-time data to avoid any compliance blind spots. Easy Navigation – A user-friendly interface makes it easier for your team to screen efficiently and with confidence. Due Diligence Workflows – Streamline your compliance checks with automated workflows that guide your team through every step of the process. Batch Screening – Save time by screening multiple names at once, perfect for organisations with a large volume of customers. Global Coverage – Your software should cover international sanctions, PEPs, and other watchlists, ensuring you’re compliant wherever you operate. API Integration – Seamlessly integrate name screening into your existing systems for a smoother and more efficient compliance journey. Looking for a complete name screening solution? Let’s discuss how these features can elevate your compliance strategy! Check out the infographic below for a visual guide. https://lnkd.in/dh-JY3MM #NameScreening #AMLCompliance #ComplianceTechnology #RegTech #DueDiligence #APIIntegration #GlobalCompliance #Sanctions #SanctionsScreening #AMLSoftware #ScreeningSoftware

Dear Connections, A Global Database Check involves searching various international databases to verify an individual's or organization's identity, credentials, and background. Types of Global Database Checks: 1. Identity Verification: Confirms name, date of birth, and address. 2. Watchlist Screening: Checks against sanctions, terrorism, and crime lists. 3. Criminal Record Check: Searches international crime databases. 4. Financial Screening: Verifies financial history and creditworthiness. 5. Reputation Research: Analyzes online reviews and social media. Global Databases Searched: 1. Interpol 2. World Check 3. Dow Jones Risk & Compliance 4. LexisNexis 5. Thomson Reuters 6. International Criminal Police Organization (ICPO) 7. European Union's Schengen Information System (SIS) 8. United Nations Security Council Sanctions List Methods of Global Database Checks: 1. Automated Searches 2. Manual Research 3. API Integration 4. Data Analytics Information Typically Gathered: 1. Identity details 2. Criminal history 3. Financial information 4. Professional licenses and credentials 5. Reputation and online presence Purpose of Global Database Checks: 1. Compliance with regulations (e.g., AML, KYC) 2. Risk management and mitigation 3. Due diligence 4. Identity verification 5. Background screening Global Database Check Providers: 1. Thomson Reuters 2. LexisNexis 3. Dow Jones 4. World Check 5. Experian 6. Equifax 7. TransUnion 8. Refinitiv (formerly Thomson Reuters Financial & Risk) Cost and Turnaround Time: 1. Varies depending on provider and scope 2. Typically ranges from $20 to $500 per search 3. Turnaround time: immediate to several days Best Practices: 1. Choose reputable and compliant providers 2. Ensure data security and confidentiality 3. Verify information through multiple sources 4. Document search processes and results 5. Train staff on global database check procedures

Are you ready for the EU’s #DORA regulation? Ensure your organization’s digital operational resilience with our expert analysis. Dive into our blog post now and stay compliant! #RiskManagement #DORACompliance #OperationalResilience

Are you ready for the EU’s #DORA regulation? Ensure your organization’s digital operational resilience with our expert analysis. Dive into our blog post now and stay compliant! #RiskManagement #DORACompliance #OperationalResilience #ActiveDirectory #RiskManagement #ADrecovery #ADSecurity #DORA #OperationalResilience

Join us for this free webinar: Safe Payments, Sound Sleep: Best Practices for Supplier Onboarding and Vendor Data Management Wednesday, July 24, 2024 1:00 PM - 1:45 PM EDT Ensuring the accuracy and integrity of supplier information is crucial. A single oversight or error in how supplier details are collected, verified, validated and managed could expose an organization to significant compliance and fraud risks, jeopardizing its financial security and operational efficiency. During this webinar, our expert speakers will reveal how traditional onboarding and vendor data management practices can leave an organization susceptible to compliance violations and fraud, share best practices for supplier onboarding and vendor master data management, and provide a live demonstration of a solution that enhances vendor master data management accuracy and security. What you will learn: • Key vulnerabilities in traditional supplier onboarding and vendor data management practices • Actionable strategies to fortify your onboarding and vendor data management processes • How a self-service online portal automates the collection of vendor details, TIN matching, OFAC checking, sanctions screening, bank account ownership verification, and more Expert Speakers: Mark Brousseau, President Brousseau & Associates Phil Binkow, CEO Financial Operations Networks Register here: https://lnkd.in/eUUgJGkh

Join us for this free webinar: Safe Payments, Sound Sleep: Best Practices for Supplier Onboarding and Vendor Data Management Wednesday, July 24, 2024 1:00 PM - 1:45 PM EDT Ensuring the accuracy and integrity of supplier information is crucial. A single oversight or error in how supplier details are collected, verified, validated and managed could expose an organization to significant compliance and fraud risks, jeopardizing its financial security and operational efficiency. During this webinar, our expert speakers will reveal how traditional onboarding and vendor data management practices can leave an organization susceptible to compliance violations and fraud, share best practices for supplier onboarding and vendor master data management, and provide a live demonstration of a solution that enhances vendor master data management accuracy and security. What you will learn: • Key vulnerabilities in traditional supplier onboarding and vendor data management practices • Actionable strategies to fortify your onboarding and vendor data management processes • How a self-service online portal automates the collection of vendor details, TIN matching, OFAC checking, sanctions screening, bank account ownership verification, and more Expert Speakers: Mark Brousseau, President Brousseau & Associates Phil Binkow, CEO Financial Operations Networks Register here: https://lnkd.in/eUUgJGkh

Demonstrating Digital Resilience with DORA Compliance While the European Union’s (EU) Digital Operational Resilience Act (DORA) has been under development since 2020, the 2025 deadline for compliance is timely given the escalating demands for improved #digital #resilience. As D2LT's Simon Maharaj and Daniel Maw explore in our latest thought leadership article, with awareness of DORA still low and less than 12 months to achieve the required due diligence and execute any potential rework, it is vital for financial institutions to place the roadmap to #compliance on the board agenda today. Read more on Global Banking & Finance Review: https://lnkd.in/eaPV9KEJ

Did you know? 😮 Human error accounts for 88% of data breaches; over 4 billion records were exposed in just six months! At AsiaCloud, our PDPA compliance experts help SMEs in Singapore protect their data and prevent costly breaches. Don’t let financial motivation put your business at risk – secure your data today! 🌐

ADD™ is a new UK based company that provides due diligence services in Africa, setting the gold standard for African business intelligence. We revolutionise business operations with our comprehensive verification services for individuals and companies. Our advanced KYC and AML processes ensure trust and compliance, while our secure data solutions enhance decision-making and efficiency. We effectively capture over 60% of verifiable clients that current solutions fail to address. We foster verified partnerships, unlock new opportunities, and drive sustainable growth across the continent. Our journey has just begun, and we invite you to join us. Call or email us to learn more about how ADD™ can support your business and enhance your operations. #ADD #AfricaDueDiligence #BusinessIntelligence #DueDiligence #AfricanBusiness #Compliance #KYC #AML #AIinBusiness #TechInnovation #BusinessGrowth #TrustAndTransparency #SecureData #BusinessVerification #MarketLeader #Innovation #BusinessSolutions