At the beginning of this quarter, the Nigerian digital landscape is shifting and are facing a sharp rise in low-cost, high-impact cyber threats. Whether you are a Fintech, a school, health care organization or a government agency, even among the SMEs, there are 3 threats that are the current “Big Three” causing sleepless nights for CISOs:
1️⃣Phishing & Business Email Compromise (BEC) Phishing remains the #1 entry point. Fake payment requests, fake salary reviews, vendor emails, and “CEO directives” continue to bypass expensive security tools by exploiting human trust and urgency.
2️⃣Local Banking Trojans & Mobile Malware Nigeria is seeing increased activity from banking trojans targeting local financial platforms, especially via:
· Fake mobile apps
· SMS and WhatsApp links
· Compromised Android devices
These trojans aim at harvesting banking credentials, intercept OTPs, and drain accounts—often without the victim realizing until funds are gone.
3️⃣Credential Reuse & Account Takeover With widespread password reuse across work and personal accounts, one leaked credential can unlock:
· Cloud services
· Payroll and finance systems
This is especially dangerous in environments with shared accounts and weak MFA enforcement.
👉 The common factor? Human behavior. Until Nigerian businesses invest in continuous security awareness, phishing simulations, and a strong reporting culture, Security tools alone will keep failing.
At Nehar Consult, we believe that security tools are only as effective as the people using them. It’s time to stop blaming “IT” and start empowering employees through continuous awareness and phishing simulations.
Cybersecurity is no longer just an IT issue. It’s a business survival issue.