Al-Hikmah University Journal

The rendition of products and services by banks given electronic banking has exposed financial service operators to cybercrime activities of different natures posing a serious threat to their financial performance. This paper empirically examined Cybercrime activities and their implications on banks' Performance in Oyo state Nigeria. The basis of this paper is to establish the effect of mail hacking, card fraud and identity theft on banks' performance in Nigeria. A qualitative design approach was used, and 50 respondents from each of the five topmost deposit money Banks that serve as a sample of the study were chosen. A total of 250 questionnaires were administered, and 200 of them received responses. Data were gathered from answers to questionnaires. The degree of the association between the dependent and independent variables was assessed using regression and correlation analysis, and the data's normality was checked using the Komolgorov-Smirnov and Shapiro-Wilk preliminary tests. The outcome of this study shows a negative and significant relationship between cybercrime activities and banks' performance. The study recommends that to enhance the performance of banks, cyber-risk must be integrated into the risk management framework of banks as this will ensure public confidence in Bank E-product platforms usage.