This study examined three fundamental threats to the security of digital business transactions in Nigeria.
From experiential and personal perspectives of the people, especially as the enthusiasm for internet usage is
acknowledged to be exponential, the study presented a variegated micro community as its locus. It touched
on the bullying, stalking and extortions on the internet which fed on local desire to be part of the global
technology family. With reference to earlier studies, it was recognized that though digital insecurity is a
worldwide phenomenon, its prevalence in Nigeria seemed to have reached higher proportions. Founded on
the theoretical platforms of identity flexibility and dissociative anonymity, this study examined the awareness
level and experiences of phishing, cloning and hacking by residents of a mixed urban/semi-urban/rural
community in Nigeria. Adopting a mixed research methodology, the study primarily implemented a qualitative
approach involving thirty-two Focus Group discussants of mixed demographics - four male and four female
aged 17-45 years, in four contiguous locations in Ota community. The study engaged a secondary
methodology of quantitative survey of two hundred purposively selected adults and consistently focused on
the electronic business transaction variable and depended on respondents’ willingness to participate, based
on a past experience of internet stalking. Victims of either cloning, hacking, or phishing were 55.1% whilst
41.4% suffered damages amongst the respondents. Users’ vulnerability which was discovered, necessitated
the recommendation of identity protection techniques, mass media awareness campaigns on digital security,
as well as integration of digital security education in schools’ curriculum in Nigeria