Cyberattacks expose the fragility of Nigeria’s digital economy as businesses face rising risks

▤ Summary

Nigeria’s digital economy is facing growing pressure from cyberattacks hitting banks, fintechs, government agencies, and digital platforms. Recent allegations of breaches at Remita, Sterling Bank, and the Corporate Affairs Commission have intensified concern about data protection and infrastructure resilience. The article stresses that many attacks exploit weak access controls, poor operational discipline, and delayed patching rather than advanced attacker sophistication. It also highlights demand for stronger cybersecurity frameworks, managed security services, and better training, especially for SMEs. The broader takeaway is that trust and resilience are becoming essential to the growth of Nigeria’s digital economy.

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