ISSAN Flags Escalating Cyber Threats — Nigerian Business Resilience at Risk

Nigeria's Information Security Society of Africa has issued a formal warning that accelerating cyber threat sophistication poses a direct risk to business sustainability and profitability across the country. The alert, delivered during a joint session with MAXUT Consulting, signals growing institutional concern that current security postures are inadequate against evolving attack vectors. For Nigerian fintech and digital finance operators — already navigating regulatory scrutiny and currency volatility — cybersecurity failures represent an existential operational risk. Payment platforms, mobile money providers, and crypto exchanges handling naira-denominated transactions are particularly exposed, given their high transaction volumes and expanding user bases. The ISSAN intervention reflects a broader pattern across African markets where digital financial infrastructure is scaling faster than protective frameworks. Regulators and private sector actors must treat cybersecurity investment as a core business continuity requirement, not a discretionary cost.