A cyber security group, Cyber Security Experts Association of Nigeria (CSEAN) has estimated that Nigeria loses about N127 billion to cybercrimes yearly.

It said several cases of cyber crime activities in the country, many of which have resulted in financial losses by individuals and organisations, had been widely unreported.

The CSEAN said the country might face even greater odds in cybersecurity threats this year.

It, however, identified five cyber crimes that will dominate Nigeria this year based on the current trends as CEO e-mail scam, ransomware, online-assisted kidnapping, cyber bullying and online impersonation.



CSEAN President, Remi Afon, who said that the year 2017 would witness more ransomware than ever seen before in Nigeria, stated that with the rise of ransomware-as-a-service, cyber criminals could now purchase a user-friendly kit they could deploy with little or no cyber know-how from the dark web.

He described ransomware as a type of malware that infects a machine when a user clicks on a seemingly legitimate link and unknowingly downloads a malicious file. The virus will then encrypt the user’s files, share drives and servers, leaving them inaccessible unless the victim pays for the decryption key usually in cryptocurrency.

He said: “That kidnapping is on the rise in Nigeria is no news. What many people don’t know is that kidnappers are being assisted by their victims’ social media online activities and geolocation data on their smartphones. Geolocation data is information that can be used to identify an electronic device’s physical location.”

According to him, using smartphones’ built-in Global Positioning System (GPS) functionality allows location-based services (or geo-location) to locate and publish information about smartphone owners’ whereabouts.

He also identified online impersonation, which he categorised into two, as another top cyber crime to watch out for in 2017. He said while the first category impersonates politicians and religious leaders on social media by creating fake profiles with the aim of scamming their victims, the second usually creates fake profiles with attractive fake pictures so they can engage in what is called ‘romance scam’.

Afon stressed that cyber criminals were mainly interested in targeting foreigners, claiming they were in love with them and establishing a love relation to be able to swindle them.


SOURCE: http://m.guardian.ng/technology/nigeria-loses-n127b-yearly-to-cybercrimes/

FTC..
Please They should leave G-boys

Yahoo Yahoo

Our Lord Jesus Christ is coming. He will be here latest latest latest 20th January 2017, this is according to Daniel 2:44

Let us all prepare to receive him, in our watchfulness and sobriety

Crimes mostly perpetuated by UgwuPobians the Landgrabbers..

I was once a victim..

Even MMM na dem..

That's huge!

Ok

Indeed

Are we to include those who use Millions to create websites for Government Ministries ?

We also loose a lot of money for aso rock utensil.

QED

alright

How did they get this statistics?

The only way boys the take employ themselves since Una no gree give them job....so make the lost continue

Izz nor only loss. The fact is those 'fundz' would not even be in Nigeria without our brothers in g. The cyberspace in Nigeria isn't really serious but yahoo boys take their stuff seriously.

This sector seem to be lucrative ooo.....



Let me get me a dedicated PC and internet modem. Office don open

Shalla to all keyboard warriors in the building.
Btw, Remi Afon or whatever ur name is.. 4 ur eyes u don cast person b that hun?

BOYZ ARE WISER!

MMM

Atiku2019:
Are we to include those who use Millions to create websites for Government Ministries ?

That is also cyber crime oo

That amount is too small.

Even the government is stealing billions from Nigeria. APC led government na ole!!!

Stealing money in the name of stamp duty from bank customers is 'legal' stealing.

Useless government!!!!

How much do G boys gain from cyber crime yearly?

Yee ... made FTC. Yippie

Okay ooo

Awon goons me


Trust them
Just imagine how much they used to repatriate from Europe

Sweetest industry on earth. The statistics are wrong tho

Abeg who get 2 fuc.ks make e give me one so I can give a mess

Corrinthians:
Crimes mostly perpetuated by UgwuPobians the Landgrabbers..

I was once a victim..

Even MMM na dem..

Lol nigga this cracked me up

Yahoo boys making us proud since buhari became president

Wow

Corrinthians:
Crimes mostly perpetuated by UgwuPobians the Landgrabbers..

I was once a victim..

Even MMM na dem..

AFONJA!!!

they don't know that its a rare talent, its high time federal government strike a deal with dem boys. I can see how niggi's are defending this thread like say their life depends on it.lol.