At the 63rd Quarterly General Meeting of the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN), Yetunde Oni, the Managing Director of Union Bank of Nigeria, urged internal auditors in the banking industry to be more proactive in preventing cybercrime and promoting sustainability.According to Olufunmilola Aluko, the bank’s Chief Brand & Marketing Officer and Head of Customer Experience, cyber threats and environmental, social, and governance (ESG) requirements are changing the duties of internal audit functions throughout the sector, according to Oni. Nigeria’s exposure to cybercrime is still substantial. The risk landscape has drastically transformed, as evidenced by projected losses over N100 billion in 2023 alone and the nation’s ranking among the top global sources of cyberattacks.
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