Nigeria should be more proactive in fighting cybercrime — ISSAN vanguardngr.com vanguardnews
Association of banking sector information security experts, the Information Security Society of Africa and Nigeria, ISSAN, has tasked Nigeria to become more proactive in fighting cybercrime.The group said that despite Nigeria having some of the more effective measures against cybercrime, the country is still worse hit for lack of awareness and sheer individual carelessness.
Recent statistics estimated that ministries, departments and agencies lose over N127 billion annually to cybercrime which amounts to 0.08 percent of the country’s annual Gross Domestic Product, GDP. He said: “Indeed, from what we have seen, a lot of our systems here are even safer from what obtains outside the developed countries.
He also revealed that CBN have mandated banks to start using facial recognition for customers using Automated Teller Machine, ATM. He said if an ATM does not recognize the person’s face as the owner, the transaction will decline.
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