Posted by E.L.E.X on February 20 2019 under Tech/Programming
There’s an email in my Yahoo inbox from a man named John. John, who has addressed me as a “dear friend”, wants me to fill out an attached questionnaire because he is “working on a Renewable Energies Project with a foreign based business associate…”
It seems like an honest request. Except John, a stranger to me, hasn’t given any details about himself, his associate or his project. I am cautious because I could be one click away from divulging sensitive information to an unknown and potentially dangerous source.
With our lives gradually converging online, the number of ways for us to become a victim of cybercrimes is increasing, and individuals, although the most susceptible, aren’t the only targets.
As the Nigerian tech sector continues to expand and internet penetration trudges on, is our cybersecurity infrastructure growing in tandem?
The federal government estimates the annual cost of cybercrime in Nigeria to be about 0.08% of the country’s gross domestic product (GDP), which represents about N127 billion. To put this in context, this sum will cover the 2019 proposed budget by the Enugu State government, with some left over.
Serianu’s Africa Cyber Security Report estimated cybercrime costs to government and private institutions in 2017 to be about N236 trillion. Globally, the cost of cybercrime is estimated to be about $600 billion annually and growing.
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