Horllyworld ent.

Nigeria’s digital economy continues to grow rapidly. With the ICT sector’s GDP rising from N7.1 trillion in Q3 2023 to N8.4 trillion in Q4 and projections of the digital economy to reach  $18.3 billion by 2026 . The promise of a thriving digital landscape is undeniable according to Bosun Tijani, the Minister of Communications    The country’s financial sector, in particular, is experiencing fast digital adoption, making it a prime target for cyber threats. The latest data from cybersecurity firm Check Point paints a stark picture: Africa saw a 20% increase in cyberattacks in the first quarter of 2024, the highest spike globally. For Nigerian businesses, the stakes are even higher, particularly for the financial institutions that are increasingly vulnerable to sophisticated cyberattacks. These attacks can cripple not only the financial stability of these institutions but also their reputations. Haruna Jalo-Waziri, Chief Executive Officer at CSCS, stated that in Nigeria, th...