AIBUEDEFE SEAN OSARETIN

The rapid expansion of internet usage and digital commerce has significantly transformed business operations in Nigeria, creating new opportunities for economic growth and entrepreneurship. However, this increased reliance on digital technologies has also exposed online businesses to a wide range of cybersecurity threats, including phishing, malware, ransomware, and denial-of-service attacks. These threats pose serious risks to business continuity, financial stability, customer trust, and national economic development. This study investigates the impact of cybersecurity threats on online businesses in Nigeria, examining the nature, prevalence, and consequences of cyber-attacks on business operations. The study adopts a descriptive research approach and utilizes secondary data obtained from academic journals, industry reports, government publications, and cybersecurity studies. Findings reveal that cyber threats have become increasingly sophisticated, resulting in substantial financial losses, data breaches, reputational damage, and disruptions to online business activities. The study further identifies inadequate cybersecurity awareness, weak security infrastructure, and limited regulatory compliance as major factors contributing to the vulnerability of online businesses in Nigeria. The research concludes that effective cybersecurity strategies, including employee training, implementation of robust security frameworks, regular risk assessments, and stronger regulatory enforcement, are essential for mitigating cyber threats. The study contributes to the growing body of knowledge on cybersecurity in developing economies and provides practical recommendations for business owners, policymakers, and stakeholders seeking to enhance the security and resilience of Nigeria's digital business environment.