Union Bank Nigeria Urges Auditors to Combat Cybercrime in Banking Sector

Yetunde Oni, the Managing Director of Union Bank Nigeria, urged auditors in the banking sector to play a proactive role in combating cybercrime during the 63rd quarterly general meeting of the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN). She highlighted the significant cybercrime exposure in Nigeria, emphasizing the need for sustainable governance and accountability to strengthen controls.

The evolving cybersecurity landscape and regulatory expectations are driving auditors to focus on anti-money laundering, data privacy, sustainability, and ethical business practices. The internal audit function is evolving beyond compliance to deliver strategic value.