Tuesday, 17 September 2013

‘Cybercrime victims lose N80bn yearly’

Wife of the President, Patience Jonathan has said that victims of cybercrime lose about $500 million (about N80bn) annually worldwide, noting that its effect is more devastating than war.
Speaking at the 2013 World Cyber Security Conference held at the Banquet Hall of the Presidential Villa, Mrs Jonathan pledged to take the fight against cybercrimes to schools and the grassroots to protect the youths from its repercussions.

She observed that a recent report released by Systematic Corporation of USA indicated that internet crime had reduce drastically in Nigeria, adding that the nation had been given the  right to establish a Regional Cyber Security Centre.
The First Lady  pledged to create awareness of basic online security measures and develop practical tools to help minimize risks, and expressed her commitment to ensure that the African child is protected from cyber crime and abuse.
She stated that institutional and human cyber security capacities should be built to reduce online child exploitation and  legal measures taken to ensure passage of the Cyber Security Bill.
The First Lady disclosed that Nigeria has signed a Memorandum of Understanding with the International Telecommunication Union to collaborate on Child Online Protection.
A former  Israeli Prime Minister, Ehud Barak canvassed for a globally coordinated effort to fight cybercrime and cyber terror, and called  for synergy between the Executive, the Legislature and the Judiciary to ensure quick passage of the Cyber Security Bill.
Barak who described Nigeria as one of the potentially richest countries in the world, pointed out that in spite of the various challenges facing the nation, it is moving in the right direction.
He said, “Considering the sophisticated nature of cyber crime, every country should establish an organisation to fight cyber crime, make sophisticated research. In the past, there was a limited impact of terror compared to modern society where things are totally different. This war requires patience to learn from past mistakes of other nations, and fight to have a better future together.”


Culled from The Punch

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