, Week after receiving a UK money laundering fine, GTBank is being investigated for allegedly breaching customer data -

Week after receiving a UK money laundering fine, GTBank is being investigated for allegedly breaching customer data

A few weeks after being penalized by UK authorities for failing to prevent money laundering, Guaranty Trust Bank (GTBank) is the subject of an inquiry into claims that client data has been compromised.

The Nigerian Data Protection Bureau (NDPB) is looking into all GTBank branches for alleged involvement in the illegal sharing of banking details to a third party.

Additionally, it was revealed that GTBank, under the direction of its managing director, Miriam Olusanya, is accused of improperly accessing and processing personal data.

This information was provided in a statement by Babatunde Bamigboye, Director of Legal Enforcement and Regulations at the NDPB, as quoted by NAN on Monday.

Additionally, the data protection agency will look into reports of similar data breaches at Zenith Bank and its subsidiaries.

The statement stated that the data protection bureau will also look into all third parties participating in the data processing activities, albeit the investigation’s timeline was not provided.

Leave a Reply

Your email address will not be published. Required fields are marked *