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AI-driven cyberattacks threaten Nigerian banks, telecoms – NCC

Nigerian Communications Commission logo accompanying a report on AI-powered cybersecurity threats.

The Nigerian Communications Commission has warned that artificial intelligence-powered cyberattacks pose growing threats to Nigeria’s telecommunications networks, financial institutions and national security.

According to The PUNCH, NCC Executive Vice-Chairman Aminu Maida raised the concern during the second International Cybersecurity Conference in Abuja on Tuesday.

Maida, represented by Executive Commissioner for Technical Services Sunday Oshadami, explained that cybercriminals were increasingly using AI to develop sophisticated attacks against digital systems.

NCC warns of AI-powered cybercrime threats

The commission identified phishing attacks, stolen login credentials, manipulated videos and advanced malicious software among emerging cybersecurity concerns.

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Maida warned that AI could allow criminals to bypass security measures and target individuals or organisations more effectively.

He stressed that telecommunications networks remained essential to banking, public administration and other important sectors.

“An attack on a telecom provider is an attack on the financial sector, national defence, and civil governance,” Maida said.

The NCC maintained that disruptions affecting telecommunications infrastructure could have serious consequences for Nigeria’s digital economy.

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NCC introduces stronger cybersecurity measures

Maida disclosed that the commission had established a Computer Security Incident Response Team to monitor emerging threats.

The team will support intelligence sharing, incident reporting and coordination during cybersecurity emergencies.

He also highlighted the NCC’s Cyber Resilience Framework, which establishes security requirements for licensed telecommunications operators.

The commission encouraged operators to adopt stronger access controls, regularly assess artificial intelligence systems and improve network recovery capabilities.

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NITDA supports cybercrime law review

Meanwhile, National Information Technology Development Agency Director-General Kashifu Abdullahi confirmed ongoing collaboration with security authorities and lawmakers on reviewing Nigeria’s Cybercrime Act.

The proposed reforms aim to address emerging threats associated with artificial intelligence and digital fraud.

Attorney-General Lateef Fagbemi also disclosed that legislative proposals were being developed to improve electronic investigations, evidence management and prosecutions.

The NCC urged government agencies, telecommunications operators and financial institutions to strengthen cooperation against cybercriminals.

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