Internet fraud more prevalent in the south west Nigeria

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The Deputy-Director of Department of State Service (DSS) Mr. Yekini Ishola has warned Internet fraud in Nigeria is more prevalent in the south west, especially Lagos, Ogun and Oyo.

Mr.Yekini Ishola made this disclosure while presenting a paper on cybercrimes and the way out at a two-day annual security seminar organised by the Security Department of Nnamdi Azikiwe University Awka.

Decrying the spate of cybercrime among Nigerian youth, particularly in the Tertiary Institutions, the DSS Chief subsequently submitted that Ladoke Akinola University is presently considered has having the highest concentration of cyber criminals.

Cybercrimes are not committed by an individual, but by a network of criminals. Mr. Yekini reiterated.  He later warned that activities perpetrated by these syndicates include using identity theft, hacking, malicious software and other fraudulent methods to gain access into personal information and account details of unsuspecting owners.

Cyber Security Risk: Lessons from Religious Science & Russia’s Ministry of Internal Affairs

As the world dabbles into religious science, here’s a lesson or two for Cyber Security risk managers. This image showing Russian Ministry of Internal Affairs and a top official of Russian’s Orthodox church went viral across social media sites recently.

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$200m Credit Card hacking ring busted

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Eleven people in the United States, the UK and Vietnam have been arrested and accused of running a $200m worldwide credit card fraud ring, US and UK law enforcement officials said…

Read more: http://www.fin24.com/Economy/200m-credit-card-hacking-ring-busted-20130606

 

 

South Africa: Combating Cybercrime- The SABRIC Model…

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South African Banking Risk Information Centre (SABRIC) a trusted crime information centre leverages on public and private partnerships, delivers measurable value through a team of energetic specialists who consistently provide high quality support services and products;they contribute to the reduction of bank related crime through effective collaboration… learn more http://youtu.be/1OL6F5sUt-A?t=39s

 

Cybercrime Cost the World $455 Billion Annually

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A report, which was sponsored by Internet security and software firm McAfee, is one of the first reports of its kind that was done to quantify the monetary costs of activities such as cybercrime and cyberespionage. The astounding figure derived from the estimate, issued by the Center for Strategic and International Studies, is much lower than the $1 trillion that was cited by the White House, but still elevates illegal cyber activities to the same levels as drug trafficking and is more than likely to attract criminal elements.

 

Read more at http://guardianlv.com/2014/06/cybercrime-estimated-to-cost-more-than-455-billion-annually/#2bCi91BqaO2KjqUg.99