Nigeria’s financial sector has seen an exponential increase in cyberattacks due to the rapid adoption of financial technology (FinTech). Fraudulent activities have caused huge losses in the banking sector; fraud reached N273 billion in 2022. Cyberattacks have targeted mobile money accounts, bank customers, and FinTech companies. Many Nigerian financial institutions lack cybersecurity awareness and use outdated IT infrastructure, making them vulnerable to attacks. There are calls for robust cybersecurity measures, improved data protection practices, and a more comprehensive regulatory framework.
Microsoft Defender Vulnerability Allows Attackers to Elevate Privileges
A newly revealed flaw in Microsoft Defender for Endpoint (CVE-2025-26684) allows local attackers to escalate privileges to SYSTEM level, gaining complete control of affected systems.
