Nigeria Experiences 3,500 Cyber Attacks in the Last One Year – Olatunji

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Nigeria Experiences 3,500 Cyber Attacks in the Last One Year – Olatunji

By Correspondent

 Â The Acting Director-General of the National Information Technology Development Agency (NITDA), Dr. Vincent Olatunji, has revealed that Nigeria has experienced 3,500 cyber-attacks within the last one year, with over 70% success rate and a loss of $450 million. Olatunji made this known while speaking during a capability and capacity building training workshop organized by NITDA in partnership with its Malaysian counterpart, Malaysia Cyber Security Agency, in Abuja, yesterday. Similarly, Abdul-Hakeem Ajibola, who is an IT consultant, said 0.80% of Nigeria’s Gross Domestic Product (GDP), equivalent to the cement sector, was lost to cybercrime. Olatunji maintains that the country’s GDP lost $568.51 billion in 2014, which amounts to an annual loss of $450 million, an equivalent of N89.55 billion annual direct losses to the Nigerian economy, at the Central Bank of Nigeria’s exchange rate of N199 to $1. The NITDA also advised that measures must be put in place to mitigate the capacity of cybercriminals from taking advantage of the environment. Olatunji pointing out the outrageous rate of attacks in Nigeria, said the Federal Government had a lot of work to do to checkmate further attacks of public and private facilities. 

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