0704-883-0675     |      dataprojectng@gmail.com

The Challenges of Cybersecurity Compliance in Financial Institutions: A Case Study of Microfinance Banks in Kaduna State

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style:
  • Recommended for :
  • NGN 5000

Background of the Study

With the growing reliance on digital banking systems, financial institutions are increasingly vulnerable to cyber threats. Cybersecurity compliance involves adhering to regulatory frameworks and adopting practices to protect sensitive information and ensure secure operations. Microfinance banks in Kaduna State face challenges in maintaining compliance due to limited resources, technical constraints, and evolving cyber threats (Ahmed & Bello, 2023).

Statement of the Problem

Despite the critical need for cybersecurity compliance, microfinance banks in Kaduna State struggle to meet regulatory requirements. Challenges such as inadequate technical expertise, high compliance costs, and insufficient infrastructure limit their ability to protect sensitive data and maintain trust. This study aims to explore these challenges and recommend solutions.

Objectives of the Study

  1. To identify the challenges of achieving cybersecurity compliance in microfinance banks in Kaduna State.
  2. To evaluate the impact of these challenges on the cybersecurity posture of microfinance banks.
  3. To propose measures to improve cybersecurity compliance in financial institutions.

Research Questions

  1. What are the major challenges of cybersecurity compliance in microfinance banks in Kaduna State?
  2. How do these challenges affect the cybersecurity effectiveness of microfinance banks?
  3. What measures can enhance cybersecurity compliance in financial institutions?

Research Hypotheses

  1. Cybersecurity compliance challenges do not significantly affect the security posture of microfinance banks in Kaduna State.
  2. The challenges faced by microfinance banks do not significantly impact their ability to comply with cybersecurity regulations.
  3. Proposed measures do not significantly improve cybersecurity compliance in financial institutions.

Scope and Limitations of the Study

This study focuses on microfinance banks in Kaduna State and their efforts to comply with cybersecurity regulations. Limitations may include difficulty accessing sensitive security-related data and variations in compliance levels across banks.

Definitions of Terms

Cybersecurity Compliance: Adherence to regulatory standards and practices designed to protect systems and data from cyber threats.
Microfinance Banks: Financial institutions that provide small-scale financial services to individuals and small businesses.





Related Project Materials

Share this page with your friends




whatsapp