A Review of Network Security Strategies Employed By the Nigerian Banking Sector (Case Study of Access Bank PLC, Bariga, Lagos, Nigeria)

Abstract

The security of banking infrastructures viz-a-viz customer funds, investments and deposits are Germaine to successful banking operations. This study reviews computer and network security strategies employed in the banking sector using Access Bank Nigeria PLC, Bariga Branch in Lagos state. Our efforts discovered that some of the strategies put in place to mitigate cyber-attacks include the use of passwords, antivirus, firewalls, encryption, intrusion detection systems and intrusion prevention systems. We posited that the deployment, adoption and utilization of the integrated banking systems used by Nigerian banks provides a certain layer of security that aids banking systems security thus mitigating attacks and ensuring that Nigerian banks rarely experience malicious attacks of any form on their systems. We elucidated some of these strategies and provide insights into their effectiveness. Keywords: Computer Security, Network, Intrusion Detection, Intrusion Prevention System, banking Journal Reference Format: Sarumi, J.a. & Omotosho, O.M. (2022): A Review of Network Security Strategies Employed By the Nigerian Banking Sector (Case Study of Access Bank PLC, Bariga, Lagos, Nigeria). Social Informatics, Business, Politics, L:aw, Environmental Sciences & Technology Journal. Vol. 8, No. 1 Pp 1-10 Article DOI No - dx.doi.org/10.22624/AIMS/SIJ/V8N1P1. www.isteams/socialinformaticsjournal