Business A.M
No Result
View All Result
Sunday, March 1, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Analyst Insight

Company stakeholders should learn more about DATA PRIVACY

by Admin
January 21, 2026
in Analyst Insight

Think about these two phrases:

  1. You can have information security without data privacy.
  2. You can’t find data privacy without security.

 

Stakeholders in most Nigerian companies and institutions often confuse data privacy for information security and vice versa.

It shows two things. One, that stakeholders in organisations don’t understand the intricacies of data privacy and don’t understand the difference between information security and information privacy. They often think that because they have secured their information assets that their organisation automatically has a technical information privacy framework.

Second, failure to juxtapose these two often sends these companies on aimless information security trajectories while abandoning data privacy. Security within a company usually focuses on the three tenets of information security which are confidentiality, integrity and availability without paying attention to data privacy regulation principles. Having these elements embedded in a company’s business operations doesn’t automatically mean the company has privacy structures in place. That’s why a company can have information security without data privacy structures.

On the other hand, you can’t have data privacy without security. One of the essential requirements in data privacy schemas is security. As part of the organisational and technical measures companies must apply in data protection, security function becomes paramount. It also adds credence to the principle of accountability. I don’t know a company that can boast of a comprehensive data protection framework without giving consideration to security.

Also, security in data privacy means a vast array of things. A plethora of components makes up any company’s privacy components. I have covered data accuracy, data minimisation, and data privacy-by-design in this space, which are some examples of these components.

If you’re a stakeholder in a company, you want to ensure that your company’s information security aligns with the data privacy framework. In one scenario, a technological information officer claimed that the IT policy in their company couldn’t merge with data protection initiatives. She fails to realise that email passwords, access cards, encrypted laptops etc. are requirements or necessities in a data protection regulation.

Defining terms might help simplify complexities within the data protection regulation. If there are existing difficulties in understanding how these terms work or correlate with current business functions, the given business should seek help.

In some cases, most companies have the wrong ideology about the definitions embedded in data privacy regulations. I’ve seen stakeholders argue that the principle is just a law and as such, rollout all sort of policies. These types of stakeholders forget that definitions in data protection regulation must speak practically. It’s a law of business actions.

The regulation requires tools and technology, it requires people and processes, and it requires an in-depth knowledge of terms and how they correlate with existing business functions.

Let’s explain further with another scenario. A data privacy professional asked a principal of one Abuja based private college about their privacy notice. He wanted some useful clarification about some grandiose claims on the college’s website. The principal couldn’t show the kind of security or doesn’t even know who has access to what, but claim on their website that “they care about information security and data privacy.”

When the data privacy professional digs deeper, he finds out that staff within the college thought to have a list of data privacy policies makes them compliant with the Nigerian Data Protection Regulation (NDPR). To add fuel to the burning ignorance, the principal adds that they are just an educational outfit, why should the government worry about how they manage data. The principal’s thought begs the following questions: how much should a stakeholder know and what should they be doing to protect data?

In summary, stakeholders must make extra efforts to understand various data privacy terms and their practical implications. More importantly, as a stakeholder, they should be able to tell the existing differences within the regulation. The privacy notice shouldn’t be confused for privacy policies, nor data privacy impact assessment mistaken for privacy impact assessment. Company stakeholders should seek to learn more about data privacy and encourage their staffs to do the same.

 

Admin
Admin
Previous Post

Leadership in Wicked Times

Next Post

Protecting Child Workers During the Pandemic

Next Post

Protecting Child Workers During the Pandemic

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

BUA takes Nigeria’s agro-industrial ambition to global stage

BUA takes Nigeria’s agro-industrial ambition to global stage

February 27, 2026
IIF drives transition from gender advocacy to financial market implementation

IIF drives transition from gender advocacy to financial market implementation

February 27, 2026
FAAN unfolds details of N712.3bn upgrade plan for world-class MMIA 

MMIA fire: Ganduje laments equipment loss, lauds FAAN’s temporary terminal

February 26, 2026
M-KOPA reports 77% income utilisation rate from smartphone financing

M-KOPA reports 77% income utilisation rate from smartphone financing

February 26, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

BUA takes Nigeria’s agro-industrial ambition to global stage

BUA takes Nigeria’s agro-industrial ambition to global stage

February 27, 2026
IIF drives transition from gender advocacy to financial market implementation

IIF drives transition from gender advocacy to financial market implementation

February 27, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M