Cyber criminals pose threats to Nigeria’s economy, NSA says

Cyber criminals pose threats to Nigeria’s economy, NSA says

Cyber criminals pose threats to Nigeria’s economy, NSA says

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Babagana Monguno, the National Security Adviser (NSA) says the activities of cyber criminals pose a threat to security of Nigerians and the nation’s economy.

The NSA who said this on Monday at the inauguration of a 31-member Cybercrime Advisory Council (CAC) in Abuja, says Internet activities have become critical to the well-being of any nation.

According to him, “the activities of criminals in our cyberspace is threatening our individual and collective privacy.”[quote font_size=”22″ font_style=”italic” align=”right” bgcolor=”#” color=”#” bcolor=”#” arrow=”yes”]The NSA notes that in 2014, the UK Centre for Strategic and International Studies estimated the annual cost of cybercrime to Nigeria to be about 0.08 percent, representing about N100 billion, saying that “this situation is a serious challenge to our resolve to take advantage of the enormous opportunities that the Internet brings.”[/quote]

The NSA cites that the situation was partly due to the lack of awareness on cyber security and poor enforcement of guidelines and minimum standards for security of government websites.

Nigeria’s plan to take serious action to protect the country’s cyberspace had become a national security requirement the NSA says underscoring “the importance of serious action to protect our national cyberspace has increased tremendously with growth in number of Nigerians connected to the Internet.”

Major-General Babagana Monguno (rtd.), Nigeria’s NSA

The NSA notes that in 2014, the UK Centre for Strategic and International Studies estimated the annual cost of cybercrime to Nigeria to be about 0.08 percent, representing about N100 billion, saying that “this situation is a serious challenge to our resolve to take advantage of the enormous opportunities that the Internet brings.”

Effective management of risk associated with cybercrime requires collaboration between government, the private sector and civil society organisations,  the NSA says noting that government is taking steps to fighting cybercrime by reviewing the Evidence Act so that electronic evidence could be accepted in court.

According to Mongunu, Nigeria became the fifth country in Africa and the first in West Africa to enact a cybercrime law.

He urged members of the council to employ their experiences to discharge their responsibility to ensure a more secure cyberspace in the country.

“You have been nominated by your various organizations as members of this prestigious Council based on trust, expertise, experience and nobility of character,” he adds.

Inaugurating the Council, Abubakar Malami, the Minister of Justice and Attorney-General of the Federation, says that the work of the Council would reinforce and enhance the implementation of the Cybercrime Act in the country.

He said that considering the nature of cybercrime, the only way to fight it was through multi-stakeholder, inter-agency, bilateral and multilateral collaboration and cooperation.

Malami assured members of the Council of the Federal Government’s continued partnership and collaboration.

The Minister said that the inauguration of the Council would offer opportunity for stakeholders to exchange ideas on the issue that was affecting all sectors of the economy.

According to the nation’s top law officer, “today’s inauguration of the Cybercrime Advisory Council is pivotal and will provide the platform and opportunity for all stakeholders to collaborate and exchange ideas on an issue that affects all sectors of the economy.”

 

Success Kafoi

Journalist at Technology Times Media.

Mobile: 08077671673

email: success.kafoi@technologytimes.ng

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