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Cyber Security and Computational Laws in Nigerian Banking System

Received: 12 October 2019     Accepted: 8 November 2019     Published: 15 November 2019
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Abstract

Banking system is central nervous system of any nation and cyber security and computational law is a major problem of banking system. The main aim of this research work is to examine the efficiency of cyber security and computational laws in Nigerian banking system, in this survey research method were used both primary and secondary data were used which includes; questionnaire, interview and internet were used in this work the data were analyzed using correlation and regression technique and Chi-square were used to test the hypothesis. From the Chi-square (x2) distribution table, the degree of freedom 3 under the level of significance (0.05) = 7.8 15. Since the x2 calculated is greater than x2 statistical value i.e. 9.389>7.815, the null hypothesis is rejected and the alternative hypothesis is accepted. This means there is an efficiency of cyber security law in the Nigerian banking system.

Published in Advances in Networks (Volume 7, Issue 2)
DOI 10.11648/j.net.20190702.11
Page(s) 16-20
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Cyber Security, Computational Law, Banking System

References
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[2] O. Fadare A. “Impact of ICT tools for combating cybercrime in Nigeria online banking: A conceptual review” International Journal of Trade, Economics and Finance, Vol. 6 (5) 2015.
[3] S. Imran S. M. and R. Sana “Impact of Electronic crime in Indian Banking Sector–An Overview” International Journal Business Information Technology Vol. 1 (2). 2013.
[4] U. Basil “Dealing with the Challenge of Cybercrime in Nigeria under the new Cybercrime Act” The Lagos Chamber of Commerce & Industry 2015 Seminar of the Financial Services Group September 3, 2015.
[5] M. Usman and M. Irfan, “Information security risk assessment for banking sector-A Case study of Pakistani banks” Global Journal of Computer Science and Technology Vol. 10 (1) pp. 44. 2010.
[6] G. Marco, “Understanding cybercrime: Phenomena, challenges and legal response; ITU Telecommunication sector” 2012.
[7] B. Anah B., D. Funmi D. and M. Julius, “Cybercrime in Nigeria: causes, effects and the way out, ARPN Journal of Science and Technology VOL. 2, NO. 7, 2012.
[8] M. Aaron M., “A Case Study on E-Banking Security–When Security Becomes Too Sophisticated for the User to Access Their Information” Journal of Internet Banking and Commerce, Vol. 17 (2). 2012.
[9] O. Maitanmi O., S. Ogunlere, S. Ayinde, and Y. Adekunle.”Cybercrimes and cyber laws in Nigeria” The International journal of engineering and science (IJES) Vol. 2 (4) pp. 19-25. 2013.
[10] N. Tariq, “Impact of cyber-attacks on financial Institutions” Journal of Internet Banking and Commerce vol. 23 (2). Pp. 1-11. 2018.
[11] P. Luisa K., “The state of cyber security in Mexico: An overview. Wilson center Mexico institute pp. 1-23. 2017.
[12] Indian Bank Association, “Banking of the future: embracing technologies. EY Building a better working world”. 2018.
[13] The Council of Economic Advisers. “The Cost of Malicious Cyber Activity to the U.S. Economy CEA”. 2018.
[14] CBN, “Risk-Based Cyber security Framework and Guidelines” 2018.
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[16] Y. Abdullahi S. “Emerging issues in cyber-crime: causes, implications and effects for the legal profession” Journal of social sciences research. Vol. 3 (7), pp. 169-180. 2014.
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  • APA Style

    Ibrahim Goni. (2019). Cyber Security and Computational Laws in Nigerian Banking System. Advances in Networks, 7(2), 16-20. https://doi.org/10.11648/j.net.20190702.11

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    ACS Style

    Ibrahim Goni. Cyber Security and Computational Laws in Nigerian Banking System. Adv. Netw. 2019, 7(2), 16-20. doi: 10.11648/j.net.20190702.11

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    AMA Style

    Ibrahim Goni. Cyber Security and Computational Laws in Nigerian Banking System. Adv Netw. 2019;7(2):16-20. doi: 10.11648/j.net.20190702.11

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  • @article{10.11648/j.net.20190702.11,
      author = {Ibrahim Goni},
      title = {Cyber Security and Computational Laws in Nigerian Banking System},
      journal = {Advances in Networks},
      volume = {7},
      number = {2},
      pages = {16-20},
      doi = {10.11648/j.net.20190702.11},
      url = {https://doi.org/10.11648/j.net.20190702.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.net.20190702.11},
      abstract = {Banking system is central nervous system of any nation and cyber security and computational law is a major problem of banking system. The main aim of this research work is to examine the efficiency of cyber security and computational laws in Nigerian banking system, in this survey research method were used both primary and secondary data were used which includes; questionnaire, interview and internet were used in this work the data were analyzed using correlation and regression technique and Chi-square were used to test the hypothesis. From the Chi-square (x2) distribution table, the degree of freedom 3 under the level of significance (0.05) = 7.8 15. Since the x2 calculated is greater than x2 statistical value i.e. 9.389>7.815, the null hypothesis is rejected and the alternative hypothesis is accepted. This means there is an efficiency of cyber security law in the Nigerian banking system.},
     year = {2019}
    }
    

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  • TY  - JOUR
    T1  - Cyber Security and Computational Laws in Nigerian Banking System
    AU  - Ibrahim Goni
    Y1  - 2019/11/15
    PY  - 2019
    N1  - https://doi.org/10.11648/j.net.20190702.11
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    T2  - Advances in Networks
    JF  - Advances in Networks
    JO  - Advances in Networks
    SP  - 16
    EP  - 20
    PB  - Science Publishing Group
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    UR  - https://doi.org/10.11648/j.net.20190702.11
    AB  - Banking system is central nervous system of any nation and cyber security and computational law is a major problem of banking system. The main aim of this research work is to examine the efficiency of cyber security and computational laws in Nigerian banking system, in this survey research method were used both primary and secondary data were used which includes; questionnaire, interview and internet were used in this work the data were analyzed using correlation and regression technique and Chi-square were used to test the hypothesis. From the Chi-square (x2) distribution table, the degree of freedom 3 under the level of significance (0.05) = 7.8 15. Since the x2 calculated is greater than x2 statistical value i.e. 9.389>7.815, the null hypothesis is rejected and the alternative hypothesis is accepted. This means there is an efficiency of cyber security law in the Nigerian banking system.
    VL  - 7
    IS  - 2
    ER  - 

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Author Information
  • Department of Computer Science, Faculty of Science Adamawa State University, Mubi, Nigeria

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