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Cybercrime: NDIC calls for national, int’l collaboration

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Cybercrime: NDIC calls for national, int’l collaboration

The Nigeria Deposit Insurance Corporation, NDIC, called for national and international collaboration between governments, law enforcement and the private sector to stem the upsurge in cybercrime in the country.

Imade Uhunmwagho, head of NDIC’s information technology department, made the call during the 2021 workshop of the Association of Financial Correspondents of Nigeria, FICAN, in Ibadan on Friday.

In a conference titled: “Cybercrime and Cybersecurity Landscape in Nigeria: The Need for Consumer Protection,” Uhunmwagho said national coordination, data collection and effective legal frameworks would help deter the act.

“Cybercrime poses a great threat to individuals and organizations, hence the need for increased effectiveness and efficiency in the investigation, prosecution and adjudication of crime,” he said.

He noted that the lack of sufficient and strong laws to prevent and punish cybercrime, the pursuit of wealth among others, had mixed together to make crime a significant problem in the country.

He listed some cybercrimes affecting businesses nationwide, including phishing attacks and website spoofing.

Other Ransomware and Malware Attacks Business Email Compromises (BEC), Romance Scam, Investment Scam, BVN Fraud, Identity Theft, and Cyberbullying, among others.

“Cybercrime is a rapidly growing type of crime. It has caused serious damage and poses a very real threat to unsuspecting victims.

“More and more criminals are exploiting the speed, convenience and anonymity of the Internet to commit a wide range of criminal activities that know no borders; either physical or virtual.

“An effective short- and long-term response to cybercrime by government at all levels would ensure greater deterrence,” he said.

Mr. Uhunmwagho said that the enforcement of cybersecurity frameworks is part of the regulatory measures adopted to reduce crime.

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