Mr Gossip Naidoo works for Fhala Fhala bank Ltd in Durban. Fhala Fhala bank specialises in dealing

with forex. Mr Gossip Naidoo works in the IT department of Fhala Fhala bank. He has access to all

electronic payments that pass through the bank. Mr Gossip Naidoo$$s neighbour Cyrille Gamalosa is a

farmer and owns a small but thriving farming entity, on the outskirts of Durban. He also drives an old

Renault that is badly in need of panel beating and polish.

One day Gossip Naidoo notices an electronic funds transfer of $4$ million USD from Cyrille$$s business to

a creditor. He immediately orders an investigation by the forensic team of Fhala Fhala bank into the

source of the funds. The forensic team cleared Cyrille$$s funds as being legitimate capital generated in

the normal course of business.

The findings of the forensic team agitated Gossip Naidoo. After work he discussed the funds transfer

with his wife Mrs Nosey Parker Naidoo. Mrs N$.$P Naidoo shared the following information with her

colleagues on her chat group.

$1.$That Cyrille Gamalosa had $4$ million USD in his business bank account.

$2.$ That Cyrille Gamalosa paid a creditor the $4$ million dollars on a certain date.

$3.$That the transaction was handed over to the forensic team at Fhala Fhala bank Ltd$.$

$4.$ That the forensic team at Fhala Fhala bank cleared the funds as being legitimate.

Cyrille$$s personal information is published in the community newspaper and now appears in the public

domain.

Question:

In relation to Cyrilles recent experience as indicated above, advise Cyrille Gamalosa of the impact ofThe Protection of Personal Information Act $4$ of $2013($POPIA$)$ on the electronic payment industry.

Use the Harvard referencing method.