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Equatorial Guinea Tackles Cybercrime in Finance with New Draft Law

The government of Equatorial Guinea is taking a significant step towards combating cybercrime in finance by introducing a new draft law that aims to regulate the use of social media and cyberspace.

Key Provisions of the Draft Law

• Computer-Related Crimes: The draft law defines computer-related crimes, including:
  • Unauthorized access to computer systems, programs, or data
  • Intentional interference with computer systems, alteration, destruction, duplication, or damage
  • Computer fraud, such as inserting false or fraudulent instructions in these systems to obtain profit, and theft by computerized means

Cybercrime Offenses Covered by the Law

• Impersonation: Taking over the computer identity of another person without authorization
• Unauthorized Disclosure: Unauthorized disclosure of information stored on a computer or technological device
• Unlawful Use of Personal Data: Using personal data without consent or in a way that is contrary to the law

Goals and Objectives of the Draft Law

• Protect the integrity of computer systems
• Prevent financial loss
• Safeguard sensitive information
• Build trust in digital transactions
• Promote economic growth in Equatorial Guinea

Commitment to Combating Cybercrime

The Equatorial Guinean government is committed to preventing cybercrime in finance and protecting its citizens from online threats. By implementing this new draft law, the country is taking a proactive approach to regulating social media and cyberspace, ensuring that those who commit cybercrimes are held accountable for their actions.