Nigerian Gas Power
Cybercrime is a Pressing Threat to Economic Growth in West Africa
Sourced from the Guardian Nigeria. While organisations across West Africa work to recover from the economic impact of the pandemic, the global cybercrime industry is going into overdrive. An increasingly sophisticated cybercrime industry is launching a range of attacks aimed at organisations and critical infrastructure. Such attacks are growing in volume and sophistication, putting our collective economic recovery at risk at a time when organisations invest more heavily in digital technologies. Global attacks on Internet of Things (IoT) devices, for example, have risen 300% in 2019 alone, and cost organisations untold amounts of revenue and disruption to their business operations. One study found that the average cost of cybercrime is $13-million per successful attack, a huge 72% increase ...
