Check cyber crimes with robust security measures, Prof Chiemeke urges business outfits, organisations; says Nigeria loses $500m annually to cyber crimes

Check cyber crimes with robust security measures, Prof Chiemeke urges business outfits, organisations; says Nigeria loses $500m annually to cyber crimes

 

Business outfits and other organizations in Nigeria have been told to put in place robust cyber security measures to check the fast growing ugly trend of cyber crime.

Computer expert, and Vice Chancellor, University of Delta, Agbor Prof. Stella Chiemeke made the call, while calling attention to the fact that Nigeria is among the countries most affected by Cybercrimes with an estimated annual loss of five hundred million dollars.

Prof Chiemeke spoke 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.

While pointing out that the attacks could take many forms, including phishing, ransomware, business email compromise and a lot more, she said that the trend posed a significant threat to individuals, businesses, organisations resulting in huge financial losses.

Also pointing out that only 30 percent of organizations in Nigeria have Cyber security awareness, Prof. Chiemeke called on organizations across the country to put in place measures to check the growing ugly trend.

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