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Cyber-crime from Nigeria Worth $9.3 Billion Yearly

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Cyber-crime from Nigeria Worth $9.3 billion yearly
Cyber-crime from Nigeria Worth $9.3 billion yearly
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Cyber-crime from Nigeria Worth $9.3 Billion Yearly

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The President of Cyber Security Association of Nigeria (CSEAN), Mr. Remi Afon, has said Cyber-crime originating from Nigeria is worth $9.3 billion yearly.

He spoke in a statement in Abuja on the planned launch of CSEAN in Lagos and award of certificates to new members. Afon said: “based on research by Palo Alto Networks in 2014 and Fire Eye 2015, activities of cyber criminals in Nigeria is now shifting from phishing emails to actual exploit through malware”, though, there were no available statistics on volume of malware being generated from the country. “It is estimated by Dutch investigation firm, Ultrascan, that Nigeria-based cybercrime is costing around $9.3 billion (£5.5b) globally each year,” he added. He lauded efforts of the Federal Government to combat the menace. It would be recalled that immediate past President Goodluck Jonathan had signed the Cyber-crime bill into law on October 24, 2014. Also Read: President Trump Denies Ceasefire Between Israel and Iran

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