6 results
- 10 Jun 2014
Cyber crime Costs Global Economy $445b a Year says Report
Cyber crime costs the global economy about $445 billion every year, with the damage to business from the theft of intellectual property exceeding the $160 billion loss to individuals from hacking,…
- 27 Oct 2014
IBM Unveils New Enterprise Intelligence Analytics to Fight Cybercrime as Losses Hit $445Bn
IBM has unboxed a new solution that provides deep analysis across hundreds of terabytes of disparate data to uncover hidden criminal activity in just seconds. The solution unveiled at the ongoing IBM…
- 20 Nov 2015
GEJ Washes Hands Off Alleged $2Bn Arms Fraud
Goodluck Jonathan, Former President, has denied any involvement in the alleged laundering of $2 billion in funds meant for the purchase of arms for Nigeria’s war against Boko Haram. Sambo Dasuki,…
- 8 Dec 2020
Cyber crime Losses Exceed $1 trillion - McAfee
Cyber crime costs the global economy over $1 trillion, or just more than 1% of global GDP, a figure which is up more than 50% from a 2018 study that put global losses at close to $600 billion. This…
- 23 Jun 2023
Nigerians Lost N12.5bn to Telecom-based Financial Crimes in 4 Years – NCC
Nigerian Communications Commission (NCC) has revealed that Nigerians have lost about N12.5 billion to financial crimes linked to the telecommunications industry in four years. Dr Al-kasim Umar,…
- 7 Nov 2024
Canada Orders TikTok to Shut Down Operations Amid National Security Concerns
Canadian government has ordered TikTok to shut down its operations within Canada, directing the social media platform to close its offices in Toronto and Vancouver. Despite the office closures,…