A Case Study of Cyber Resilience Strategies in Nigerian Banks: A Study of Commercial Banks in Sokoto State
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Background of the Study
Cyber resilience refers to an organization's ability to continuously deliver essential services despite adverse cyber events, such as cyberattacks, system failures, or data breaches. In the banking sector, where data security and customer trust are paramount, the adoption of cyber resilience strategies is critical (Miller & Rogers, 2023). In Sokoto State, commercial banks face increasing threats from cybercriminals, making it essential to implement strategies that ensure their digital infrastructure can withstand and recover from cyber incidents. This case study investigates how commercial banks in Sokoto State are adopting cyber resilience strategies to safeguard their operations and protect customer data.
Statement of the Problem
Despite the growing number of cyberattacks targeting banks, many commercial banks in Sokoto State may not have fully implemented comprehensive cyber resilience strategies. This study seeks to explore how banks in Sokoto State are responding to cyber threats and whether their strategies are effective in ensuring business continuity and protecting critical assets.
Objectives of the Study
- To investigate the cyber resilience strategies adopted by commercial banks in Sokoto State.
- To assess the effectiveness of these strategies in mitigating cyber threats and ensuring business continuity.
- To recommend best practices for enhancing cyber resilience in the banking sector in Sokoto State.
Research Questions
- What cyber resilience strategies have commercial banks in Sokoto State adopted?
- How effective are these strategies in mitigating the impact of cyber threats and ensuring business continuity?
- What best practices can be recommended to improve cyber resilience in the banking sector in Sokoto State?
Research Hypotheses
- Cyber resilience strategies significantly enhance the ability of commercial banks in Sokoto State to recover from cyberattacks and continue operations.
- Commercial banks in Sokoto State face challenges in fully implementing effective cyber resilience strategies.
- The adoption of best practices will significantly improve the cyber resilience of commercial banks in Sokoto State.
Scope and Limitations of the Study
This study focuses on commercial banks operating in Sokoto State and their adoption of cyber resilience strategies. Limitations include potential difficulty in obtaining access to sensitive security data and varying levels of strategy implementation across banks.
Definitions of Terms
Cyber Resilience: The ability of an organization to continue operating and recover quickly from cyberattacks or security breaches.
Business Continuity: The ability of an organization to maintain essential functions during and after a disaster or disruption.
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