CYBERSECURITY IN BANKING: A GLOBAL PERSPECTIVE WITH A FOCUS ON NIGERIAN PRACTICES

The paper review cybersecurity practices in banking, with a specific focus on Nigerian banks. Cybersecurity has become a paramount concern in the banking industry worldwide, given the escalating frequency and sophistication of cyber threats. This study provides an overview of the global landscape of cybersecurity in banking, with a specific focus on practices observed in Nigeria. The global banking sector is witnessing a surge in digital transformation, marked by the adoption of advanced technologies and online financial services. However, this digitization brings with it unprecedented cybersecurity challenges, ranging from data breaches and ransomware attacks to sophisticated financial fraud. Financial…