Nigeria losses $500m to cybercrime annually — VC, Delta Varsity

3 weeks ago 6

By Monday Osayande Asaba

25 August 2024   |   2:07 p.m.

The Vice Chancellor of the University of Delta, Agbor, Delta State, Prof. Stella Chiemeke has raised interest implicit the summation successful cyberc

Stella Chiemeke

The Vice Chancellor of the University of Delta, Agbor, Delta State, Prof. Stella Chiemeke has raised interest implicit the summation successful cybercrime successful Nigeria, saying the state is losing an estimated $500 cardinal yearly.

Prof. Chiemeke made the disclosure astatine the 7th Southern Zonal Accountants’ league held successful Warri erstwhile she presented her insubstantial titled: “Cyber information and Business Survival successful Nigeria: Building Customers’ Trust”.

She stated that cyber attacks tin instrumentality assorted forms, which see phishing, ransomware, and concern email compromise.

According to her, these antagonistic interaction would collectively airs important threats to individuals, businesses, and organizations, which successful the last investigation pb to important fiscal losses.

Chiemeke pointed retired that deficiency of consciousness successful the firm assemblage could beryllium liable for the terrible interaction being acquisition successful Nigeria, noting that 30 percent of organizations are equipped with capable cybersecurity measures.

To this extent, she urged businesses crossed the federation to instrumentality robust cybersecurity strategies to combat this alarming trend.

Prof. Stella Chiemeke besides declared that establishing effectual cyber information protocols is indispensable for safeguarding assets and gathering lawsuit spot while
proactive measures assistance organizations aquatics retired of the existent fiscal losses.

This, she explained, would foster unafraid concern situation and trim the magnitude of wealth being lost to the nation.

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