CYBERCRIME AND FINANCIAL PERFORMANCE IN THE BANKING SECTOR

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ABSTRACT

This study examined cybercrime and financial performance in the banking sector. It sought to understand cybercrime as well as its theoreotical framework in relations to the financial performance of the banking sector.

Primary source of data was collected through the use of questionnaires. The population used in the study was 150. The research design used for this study is regression, correlation and chi square analysis.

The research questions were formulated and duly analyzed using the regression analysis technique. Findings of this study revealed that most of the cybercrimes have negative impact on the Return On Equity(ROE) and Return On Asset(ROA). The study recommended that developing mechanism to monitor loopholes and ensure that anti crime department in banks consist of efficient programmer that can track fraudulent practices.

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