REPORT: Nigeria Losses About N127bn to Cybercrime Annually

According to the Director General of the National Information Technology Development Agency (NITDA) Nigeria losses about N127 billion to cybercrime as a result of the country’s inability to properly secure her information system. This is caused in part by our inability to adequately secure our Information Systems. The Director-General also added that the global IT industry is expected to hit $5 trillion by the end of 2019. This was made known yesterday in Abuja during the stakeholders’ engagement for the review of the guidelines for information system audit and software testing.

Source (Thisday, Wednesday, June 19th, 2019.)

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