Cyber Risks in Electronic Banking: Exposures and Cybersecurity Preparedness of Women Agro-entrepreneurs in South- South Region of Nigeria

Abstract

This paper examines cyber risks exposures and cybersecurity preparedness of women agro-entrepreneurs. Women were exposed to risks of unsuccessful transaction through mobile apps and POS in which their accounts were debited, they were also exposed to social engineering threats such as smishing and vishing. With respect to cybersecurity preparedness, the women adopted few measures such as avoiding lonely ATM and ignoring text messages and email that request for banking details. Household size, cooperative membership, educational level and internet access were significant factors in accessing digital financial products and services. These findings call for interventions through policies that will enhance customer education to reduce vulnerabilities especially among women.