Nairobi, May 11 -- Along with its many benefits, the internet has brought the world a new risk - cybercrime. Cybercrimes are offences that intentionally harm victims in various ways using telecommunications networks. One report estimates the global annual cost of cybercrime would reach US$6 trillion at the end of 2021.
It's a major problem in Nigeria too. About N127 billion or US$649 million is lost annually to internet fraud, representing 0.08 per cent of the country's gross domestic product. This makes cybercrime a threat to foreign direct investment and the socio-economic development of the country.
Researchers have previously examined the reasons that people - especially young people - get involved in cybercrimes. Corruption, poverty ...