Lagos - A total of N40 billion was lost by money deposit banks (MDBs) in Nigeria to internet fraudsters in 2013.
The amount lost by banks is however a fraction of the market value of global cybercrime, which has reached a whooping sum of $288 billion, an amount that is said to have surpassed the global marijuana trade, reports The Nation.
Taiwo Longe, Chief Information Security Officer of Central Bank of Nigeria (CBN), gave these figures at the National Cyber Security Forum (NCSF 2014) organised by the Office of the National Security Adviser (ONSA) in Lagos.
Read more at The Nation.
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