Governments and financial institutions worry as Africa loses $3.5b to cyber crime>
The East Africian – Njiraini Muchira
In Summary Africa Cyber Security report shows over 90 per cent of Africaâs businesses are operating below the cyber security poverty line. In Africa, Nigeria was the biggest causality, recording a loss of $649 million to cyber criminals. Cyber criminals have perfected the art of malware attacks, ATM skimming, tax fraud, ransom demands, credit card fraud and SIM card swiping among their tools of trade.
Link: http://www.theeastafrican.co.ke/business/Africa-loses–3-5b-to-cyber-crime/2560-4532928-1392g40z/index.html