A Comparative Analysis of Different Cyber Security Frameworks and Their Effectiveness in Mitigating Cyber Threats a Case Study of Union Bank Jaba Local Government Area of Kaduna State

Abstract

This study was carried out on A comparative analysis of different cyber security frameworks and their effectiveness in mitigating cyber threats. A case study of union bank Jaba local government area of Kaduna state. To achieve this objective, the researcher developed and administered a questionnaire on Twenty eight staff of Union bank Kwoi in Jaba Local Government Area of Kaduna State. The T-test was used in testing the null hypothesis. From the study, it shows that the current cybersecurity framework implemented at Union Bank is highly effective in mitigating cyber threats. It shows that the cybersecurity framework used at Union Bank is easy to implement and manage. This study shows that Employees at Union Bank are adequately trained and aware of the cybersecurity framework in place. This study shows Union Bank's cybersecurity framework allows for a quick and effective response to cyber threats. This study shows that the cybersecurity framework used at Union Bank complies with industry standards and best practices. It was observed that Since the implementation of the current cybersecurity framework, Union Bank's overall security posture has improved significantly. It was observed that Users at Union Bank are satisfied with the cybersecurity measures currently in place. The study recommends, Union Bank should consider adopting a hybrid approach that leverages the strengths of NIST, ISO/IEC 27001, and COBIT. This integration can offer a more comprehensive and flexible cybersecurity strategy that addresses the diverse and evolving nature of cyber threats. Implement continuous monitoring mechanisms to regularly assess the effectiveness of the adopted cybersecurity measures. This will help in identifying and mitigating new threats promptly. Conduct regular cybersecurity training and awareness programs for all employees. Human error remains a significant vulnerability in cybersecurity, and well-informed staff are the first line of defense against cyber threats. Invest in advanced cybersecurity technologies such as AI and machine learning for threat detection and response. These technologies can enhance the bank’s ability to detect and respond to sophisticated cyber threats in real-time. Conduct regular audits and compliance checks to ensure that all cybersecurity measures are up to date and in line with current standards and regulations. This will help in maintaining the integrity and security of the bank’s information systems. Regularly consult with cybersecurity experts and industry professionals to stay updated on the latest threats and best practices. This can provide valuable insights and guidance for enhancing the bank's cybersecurity posture.