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Ugo Aliogo
The Chief Strategy Officer, Deloitte West Africa, Mr. Tope Aladenusi, has stated that Nigeria lost N5.5 trillion to fraud and cybercrimes in 10 years.
Aladenusi, who disclosed this at a recent webinar hosted by First Bank of Nigeria Limited with the theme: ‘Staying Protected Amidst the Pandemic Chaos,’ noted that the losses from cybercrimes seemed to be more than drug trafficking.
He noted that as of December 2020, global losses from cybercrime was over $ 1 trillion.
Aladenusi, who is also the Cyber Risk Services Leader attributed rise in cyber frauds to insufficient skilled resources, deficiency in awareness, rapidly changing technology landscape and weakness in cyber security controls. ....

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