Brain Drain

Nigerian banks risk cyberattacks amid tech talent exodus

By Tobi Tunji

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Posted on July 31, 2023 10:42

Nigeria faces the second-highest number of cyberattacks in Africa, according to a report by Kaspersky. REUTERS/KACPER PEMPEL/Illustration

Skilled information technology professionals are leaving Nigeria’s banking industry, which is putting a strain on efforts to maintain cybersecurity.

Analysts say the increasing migration of tech talent in the Nigerian banking sector could trigger a vulnerability to cyberattacks. Japa, the slang for migration in Nigeria, which literally means escape, has seen the country lose a lot of manpower to other countries, such as the United Kingdom, the United States and Canada.

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