A Simplified Guide to the CBN Cybersecurity Framework
Why does cybersecurity matter for MFBs? Even small banks handle people’s money and personal data, so they’re a prime target for cybercriminals. In recent years Nigerian banks have seen a surge in online fraud, for example, the Nigeria Inter-Bank Settlement System (NIBSS) reported over 56,000 fraud cases in 2020 (about ₦18 billion lost).That shows how serious