Nigeria loses 500 million dollars to cybercrime annually – Chiemeke

Date:

Share post:

The Vice Chancellor University of Delta, Agbor Prof. Stella Chiemeke has said that Nigeria is among the countries most affected by Cybercrime with an estimated annual losses of five hundred billion dollars.

Prof Chiemeke made the assertion while delivering a paper titled, Cyber security and business survival in Nigeria: Building Customers’ Trust, at this Year’s 7th Southern zonal Accountants’ Conference, in Warri.

The Vice Chancellor said the attacks could take many forms, including phishing, ransomware, business email compromise and a lot more.

She said it has posed a significant threat to individuals, businesses, organisations resulting in huge financial losses.

While saying that only thirty percent of organizations in Nigeria have Cyber security awareness, Prof. Chiemeke called on organizations across the country to put in place robust cyber security measures to check the ugly trend.

She said this will help to build customers’ trust and keep such organizations free from continuous financial losses.

spot_img

Related articles

NDLEA Seizes Cocaine Hidden in Mortar, Backpack

The National Drug Law Enforcement Agency (NDLEA) has intercepted cocaine hidden inside a local mortar and a backpack...

Fire Hits Lagos Airport Terminal 2, FAAN Confirms

The Federal Airports Authority of Nigeria (FAAN) has confirmed a fire incident at Terminal 2 of the Murtala...

Labour Urged to Drive Nigeria’s Democratic Renewal

Former Ebonyi Commissioner for Information, Dr Abia Onyike, has urged the Nigeria Labour Congress (NLC) to lead efforts...

Atiku Replies Obasanjo, Defends Third-Term Stand

Former Vice President Atiku Abubakar has fired back at former President Olusegun Obasanjo, saying no amount of criticism...