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The West African country advanced rules to force organizations to disclose cyberattacks, joining other nations in a shift to mandated transparency.
July 15, 2026
In the past four years, the number of fraud incidents reported in Nigeria fell nearly 46% from 124,000 in 2021 to just 68,000 in 2025. Yet at the same time, losses from that fraud have risen as cybercriminals have created more lucrative schemes.
The country's rapid digital transformation of its economy has attracted cybercriminals and financial fraudsters. In June 2026, for example, the average Nigerian organization saw 4,361 attempted attacks per week, placing it behind just Angola as the most attacked country in Africa, according to cybersecurity vendor Check Point Software, which tracks at least 50 threat actors as currently active in the country.
