Cyber Security Threats and Fraud Detection: A Study of Selected Banks in Nigeria

The study examined the effect of cyber security threats on fraud detection: a study of selected banks in Nigeria. The specific objective was to examine the extent to which cloud security, application security and network security affect fraud control among selected banks in Nigeria. A descriptive survey research design was employed for this study. The total population for the study is 54,654 employees across the selected tier-1 banks in Nigeria. Stratified sampling was used to determine the sample size of 397. Primary data for this study was collected using a structured questionnaire. Data analysis was conducted using the Statistical Package for Social Sciences (SPSS) version 26. Pearson’s correlation analysis was employed in analysing the relationship between the variables while multiple regression was used to test the hypotheses. The study found that: cloud security has a positive and significant effect on fraud control among selected banks in Nigeria (β = 0.339, p = 0.000); application security h