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Telecommunicationsand_ITNewsletter_July09 (2)

Telecommunicationsand_ITNewsletter_July09 (2)

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Published by Blackfriars LLP

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Published by: Blackfriars LLP on Mar 27, 2011
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03/27/2011

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WWW.BLACKFRIARS-LAW.COM
 
©Blackfriars LLP 2010. All rights reserved. This document is for general guidance only. Definitive adviceshould be sought from counsel if required. Blackfriars LLP, The Penthouse Floor, Itiku House, 28-30Macarthy Street, Lagos. Tel: +234 1 739 0397; +234 1 736 9797; +234 1 736 9795; Fax: +1 646 536 8978.http: www.blackfriars-law.com Email: info@blackfriars-law.com
CYBER SECURITY BILL: PANACEAFOR CYBER CRIMES AND RELATEDPRACTICES?
July 2009 Vol. 22: Issue 7
Stakeholders in Information andCommunication sector recentlyreiterated their commitment to thepassage of the anti-cyber crime bill intolaw. The bill was stepped down by theNational Assembly because they opinedthat there is a rival bill from the EFCC.But the events gradually emanatingfrom the sector needs urgent attentionfrom the authorities.It is an established fact that Informationand Communication Technology (ICT)infrastructure is the bedrock of moderneconomies. ICT has permeated everyaspect of life hence it must be givennecessary attention to confrontemerging threats in the sector.Lately, ICT fraud is on the increasewith perpetrators devising moredynamic and ingenuous ways ofoperation. The egression of AutomatedTeller Machine (ATM) cards andInternet Banking Facilities has becomebreeding ground for these evil. It isdisheartening to know that cybercriminals are not limited to individualsalone but governments of somecountries and multinational firms arealso included. They either inflictintelligent damage on their competitorsor gather secret intelligence reports onentities of their interest, which could beused to assert injury later on. Increase inbusiness complexities and multinationaltransactions are not helping matters asthey help to open flood gates ofopportunities for cyber criminal toperpetrate their evils.The consequences of cyber crime areenormous and pose threat on thesurvival of corporate entities and someindividuals. Therefore, there is a needpromulgate and pass into law alegislation that is in line withinternational best practices to dealeffectively with cyber crime.The step-down legislature isintended to deal with the issue ofsecurity among other threats. It isfurther believed that the anti-crime billwhen passed into law and properlyimplemented will enhance economicdevelopment of the country with a safeworking environment.
For further inquiries, please contact:Ms. Bolanle Opadokun
Phone: +234 1 739 0397Email: Bolanle@blackfriars-law.comFax: +1 646 536 8978

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