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COM

CYBER SECURITY BILL: PANACEA also included. They either inflict

FOR CYBER CRIMES AND RELATED intelligent damage on their competitors
PRACTICES? or gather secret intelligence reports on
entities of their interest, which could be
used to assert injury later on. Increase in
July 2009 Vol. 22: Issue 7 business complexities and multinational
transactions are not helping matters as
they help to open flood gates of
Stakeholders in Information and opportunities for cyber criminal to
Communication sector recently perpetrate their evils.
reiterated their commitment to the
The consequences of cyber crime are
passage of the anti-cyber crime bill into
enormous and pose threat on the
law. The bill was stepped down by the
survival of corporate entities and some
National Assembly because they opined
individuals. Therefore, there is a need
that there is a rival bill from the EFCC.
promulgate and pass into law a
But the events gradually emanating
legislation that is in line with
from the sector needs urgent attention
international best practices to deal
from the authorities.
effectively with cyber crime.
It is an established fact that Information
The step-down legislature is
and Communication Technology (ICT)
intended to deal with the issue of
infrastructure is the bedrock of modern
security among other threats. It is
economies. ICT has permeated every
further believed that the anti-crime bill
aspect of life hence it must be given
when passed into law and properly
necessary attention to confront
implemented will enhance economic
emerging threats in the sector.
development of the country with a safe
Lately, ICT fraud is on the increase working environment.
with perpetrators devising more
dynamic and ingenuous ways of
operation. The egression of Automated
For further inquiries, please contact:
Teller Machine (ATM) cards and
Internet Banking Facilities has become
Ms. Bolanle Opadokun
breeding ground for these evil. It is
Phone: +234 1 739 0397
disheartening to know that cyber
Email: Bolanle@blackfriars-law.com
criminals are not limited to individuals
Fax: +1 646 536 8978
alone but governments of some
countries and multinational firms are

©Blackfriars LLP 2010. All rights reserved. This document is for general guidance only. Definitive advice
should be sought from counsel if required. Blackfriars LLP, The Penthouse Floor, Itiku House, 28-30
Macarthy 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
 WWW.BLACKFRIARS-LAW.COM

Prof. Ikechi Mgbeoji

Tel: +234 1 739 0397
Email: Ikechi@blackfriars-law.com
Fax: +1 646 536 8978

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©Blackfriars LLP 2010. All rights reserved. This document is for general guidance only. Definitive advice
should be sought from counsel if required. Blackfriars LLP, The Penthouse Floor, Itiku House, 28-30
Macarthy 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