PalmPay Enhances Data Protection Amid Cybersecurity Risks

PalmPay has strengthened its internal data protection framework in response to increasing cybersecurity breaches in Nigeria's digital economy. The company announced a new employee training program focused on privacy governance, aligning with the Nigeria Data Protection Act 2023.

This initiative includes two days of data protection workshops facilitated by the Nigeria Data Protection Commission and TechHIV, emphasizing regulatory obligations and the role of employees in safeguarding personal data. Additionally, PalmPay launched an internal privacy champion program to promote best practices and compliance standards across its operations.

Chika Nwosu, PalmPay's Managing Director, stated that protecting customer data is central to the company's operations and maintaining customer trust. The initiative comes amid heightened concerns over cybersecurity risks, with Surfshark estimating that 281,500 user accounts were compromised in Nigeria in the first quarter of 2026.

This reflects a broader global trend of cyberattacks targeting digital platforms, necessitating significant investments in compliance systems and cybersecurity infrastructure.