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A Critical Analysis of Cybersecurity in Nigeria and the Incidents of Cyber-Attacks on Businesses/Companies

A Critical Analysis of Cybersecurity in Nigeria and the Incidents of Cyber-Attacks on Businesses/Companies PDF Author: Bamidele Ikusika
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
The importance of cybersecurity has been heightened in recent years due to the increased reliance on technology and the internet. Individuals, businesses, organizations, and governments are all potential targets of cyberattacks. Evidence suggests, for instance, that 71% of Nigerian organizations suffered cyber-attacks in 2021, with 44% of these organizations paying an average cost of $3.43 million as ransom to protect their business and secure sensitive data. Globally, the total cost of cybercrime is projected at $10.5 trillion by 2025. This is indicative of the growing importance of cybersecurity and the need for laws that will help protect against cyber threats or attacks. This article provides an overview of the nature and significance of cybersecurity to businesses especially. It discusses the various cybersecurity laws that have been enacted in Nigeria, as well as the incidents of cyber attacks on businesses/companies within the country. Given the challenges associated with cybersecurity, the article recommends certain measures that should be put in place in order to better protect businesses against cyber attacks and improve cybersecurity (law) in Nigeria generally.

A Critical Analysis of Cybersecurity in Nigeria and the Incidents of Cyber-Attacks on Businesses/Companies

A Critical Analysis of Cybersecurity in Nigeria and the Incidents of Cyber-Attacks on Businesses/Companies PDF Author: Bamidele Ikusika
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
The importance of cybersecurity has been heightened in recent years due to the increased reliance on technology and the internet. Individuals, businesses, organizations, and governments are all potential targets of cyberattacks. Evidence suggests, for instance, that 71% of Nigerian organizations suffered cyber-attacks in 2021, with 44% of these organizations paying an average cost of $3.43 million as ransom to protect their business and secure sensitive data. Globally, the total cost of cybercrime is projected at $10.5 trillion by 2025. This is indicative of the growing importance of cybersecurity and the need for laws that will help protect against cyber threats or attacks. This article provides an overview of the nature and significance of cybersecurity to businesses especially. It discusses the various cybersecurity laws that have been enacted in Nigeria, as well as the incidents of cyber attacks on businesses/companies within the country. Given the challenges associated with cybersecurity, the article recommends certain measures that should be put in place in order to better protect businesses against cyber attacks and improve cybersecurity (law) in Nigeria generally.

Cybersecurity in Nigeria

Cybersecurity in Nigeria PDF Author: Aamo Iorliam
Publisher: Springer
ISBN: 3030152103
Category : Computers
Languages : en
Pages : 55

Book Description
This book reviews the use of digital surveillance for detecting, investigating and interpreting fraud associated with critical cyberinfrastructures in Nigeria, as it is well known that the country’s cyberspace and cyberinfrastructures are very porous, leaving too much room for cyber-attackers to freely operate. In 2017, there were 3,500 successful cyber-attacks on Nigerian cyberspace, which led to the country losing an estimated 450 million dollars. These cybercrimes are hampering Nigeria’s digital economy, and also help to explain why many Nigerians remain skeptical about Internet marketing and online transactions. If sensitive conversations using digital devices are not well monitored, Nigeria will be vulnerable to cyber-warfare, and its digital economy, military intelligence, and related sensitive industries will also suffer. The Nigerian Army Cyber Warfare Command was established in 2018 in order to combat terrorism, banditry, and other attacks by criminal groups in Nigeria. However, there remains an urgent need to produce digital surveillance software to help law enforcement agencies in Nigeria to detect and prevent these digitally facilitated crimes. The monitoring of Nigeria’s cyberspace and cyberinfrastructure has become imperative, given that the rate of criminal activities using technology has increased tremendously. In this regard, digital surveillance includes both passive forensic investigations (where an attack has already occurred) and active forensic investigations (real-time investigations that track attackers). In addition to reviewing the latest mobile device forensics, this book covers natural laws (Benford’s Law and Zipf’s Law) for network traffic analysis, mobile forensic tools, and digital surveillance software (e.g., A-BOT). It offers valuable insights into how digital surveillance software can be used to detect and prevent digitally facilitated crimes in Nigeria, and highlights the benefits of adopting digital surveillance software in Nigeria and other countries facing the same issues.

Cybersecurity in the COVID-19 Pandemic

Cybersecurity in the COVID-19 Pandemic PDF Author: Kenneth Okereafor
Publisher: CRC Press
ISBN: 1000357570
Category : Computers
Languages : en
Pages : 168

Book Description
As the 2020 global lockdown became a universal strategy to control the COVID-19 pandemic, social distancing triggered a massive reliance on online and cyberspace alternatives and switched the world to the digital economy. Despite their effectiveness for remote work and online interactions, cyberspace alternatives ignited several Cybersecurity challenges. Malicious hackers capitalized on global anxiety and launched cyberattacks against unsuspecting victims. Internet fraudsters exploited human and system vulnerabilities and impacted data integrity, privacy, and digital behaviour. Cybersecurity in the COVID-19 Pandemic demystifies Cybersecurity concepts using real-world cybercrime incidents from the pandemic to illustrate how threat actors perpetrated computer fraud against valuable information assets particularly healthcare, financial, commercial, travel, academic, and social networking data. The book simplifies the socio-technical aspects of Cybersecurity and draws valuable lessons from the impacts COVID-19 cyberattacks exerted on computer networks, online portals, and databases. The book also predicts the fusion of Cybersecurity into Artificial Intelligence and Big Data Analytics, the two emerging domains that will potentially dominate and redefine post-pandemic Cybersecurity research and innovations between 2021 and 2025. The book’s primary audience is individual and corporate cyberspace consumers across all professions intending to update their Cybersecurity knowledge for detecting, preventing, responding to, and recovering from computer crimes. Cybersecurity in the COVID-19 Pandemic is ideal for information officers, data managers, business and risk administrators, technology scholars, Cybersecurity experts and researchers, and information technology practitioners. Readers will draw lessons for protecting their digital assets from email phishing fraud, social engineering scams, malware campaigns, and website hijacks.

Assessing Cyber Security

Assessing Cyber Security PDF Author: Maarten Gehem
Publisher: The Hague Centre for Strategic Studies
ISBN: 9492102129
Category :
Languages : en
Pages : 102

Book Description
Over the years, a plethora of reports has emerged that assess the causes, dynamics, and effects of cyber threats. This proliferation of reports is an important sign of the increasing prominence of cyber attacks for organizations, both public and private, and citizens all over the world. In addition, cyber attacks are drawing more and more attention in the media. Such efforts can help to better awareness and understanding of cyber threats and pave the way to improved prevention, mitigation, and resilience. This report aims to help in this task by assessing what we know about cyber security threats based on a review of 70 studies published by public authorities, companies, and research organizations from about 15 countries over the last few years. It answers the following questions: what do we know about the number, origin, and impact of cyber attacks? What are the current and emerging cyber security trends? And how well are we prepared to face these threats?

Cybersecurity Issues, Challenges, and Solutions in the Business World

Cybersecurity Issues, Challenges, and Solutions in the Business World PDF Author: Verma, Suhasini
Publisher: IGI Global
ISBN: 1668458292
Category : Computers
Languages : en
Pages : 305

Book Description
Cybersecurity threats have become ubiquitous and continue to topple every facet of the digital realm as they are a problem for anyone with a gadget or hardware device. However, there are some actions and safeguards that can assist in avoiding these threats and challenges; further study must be done to ensure businesses and users are aware of the current best practices. Cybersecurity Issues, Challenges, and Solutions in the Business World considers cybersecurity innovation alongside the methods and strategies for its joining with the business industry and discusses pertinent application zones such as smart city, e-social insurance, shrewd travel, and more. Covering key topics such as blockchain, data mining, privacy, security issues, and social media, this reference work is ideal for security analysts, forensics experts, business owners, computer scientists, policymakers, industry professionals, researchers, scholars, academicians, practitioners, instructors, and students.

Cyber Risk, Market Failures, and Financial Stability

Cyber Risk, Market Failures, and Financial Stability PDF Author: Emanuel Kopp
Publisher: International Monetary Fund
ISBN: 148431378X
Category : Computers
Languages : en
Pages : 36

Book Description
Cyber-attacks on financial institutions and financial market infrastructures are becoming more common and more sophisticated. Risk awareness has been increasing, firms actively manage cyber risk and invest in cybersecurity, and to some extent transfer and pool their risks through cyber liability insurance policies. This paper considers the properties of cyber risk, discusses why the private market can fail to provide the socially optimal level of cybersecurity, and explore how systemic cyber risk interacts with other financial stability risks. Furthermore, this study examines the current regulatory frameworks and supervisory approaches, and identifies information asymmetries and other inefficiencies that hamper the detection and management of systemic cyber risk. The paper concludes discussing policy measures that can increase the resilience of the financial system to systemic cyber risk.

OECD SME and Entrepreneurship Outlook 2019

OECD SME and Entrepreneurship Outlook 2019 PDF Author: OECD
Publisher: OECD Publishing
ISBN: 926435882X
Category :
Languages : en
Pages : 396

Book Description
The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs. This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies.

Evidence-Based Cybersecurity

Evidence-Based Cybersecurity PDF Author: Pierre-Luc Pomerleau
Publisher: CRC Press
ISBN: 1000600939
Category : Computers
Languages : en
Pages : 233

Book Description
The prevalence of cyber-dependent crimes and illegal activities that can only be performed using a computer, computer networks, or other forms of information communication technology has significantly increased during the last two decades in the USA and worldwide. As a result, cybersecurity scholars and practitioners have developed various tools and policies to reduce individuals' and organizations' risk of experiencing cyber-dependent crimes. However, although cybersecurity research and tools production efforts have increased substantially, very little attention has been devoted to identifying potential comprehensive interventions that consider both human and technical aspects of the local ecology within which these crimes emerge and persist. Moreover, it appears that rigorous scientific assessments of these technologies and policies "in the wild" have been dismissed in the process of encouraging innovation and marketing. Consequently, governmental organizations, public, and private companies allocate a considerable portion of their operations budgets to protecting their computer and internet infrastructures without understanding the effectiveness of various tools and policies in reducing the myriad of risks they face. Unfortunately, this practice may complicate organizational workflows and increase costs for government entities, businesses, and consumers. The success of the evidence-based approach in improving performance in a wide range of professions (for example, medicine, policing, and education) leads us to believe that an evidence-based cybersecurity approach is critical for improving cybersecurity efforts. This book seeks to explain the foundation of the evidence-based cybersecurity approach, review its relevance in the context of existing security tools and policies, and provide concrete examples of how adopting this approach could improve cybersecurity operations and guide policymakers' decision-making process. The evidence-based cybersecurity approach explained aims to support security professionals', policymakers', and individual computer users' decision-making regarding the deployment of security policies and tools by calling for rigorous scientific investigations of the effectiveness of these policies and mechanisms in achieving their goals to protect critical assets. This book illustrates how this approach provides an ideal framework for conceptualizing an interdisciplinary problem like cybersecurity because it stresses moving beyond decision-makers' political, financial, social, and personal experience backgrounds when adopting cybersecurity tools and policies. This approach is also a model in which policy decisions are made based on scientific research findings.

Cybersecurity in Elections

Cybersecurity in Elections PDF Author: Sam van der Staak
Publisher: International Institute for Democracy and Electoral Assistance (International IDEA)
ISBN: 9176712559
Category : Political Science
Languages : en
Pages : 100

Book Description
Information and communication technologies are increasingly prevalent in electoral management and democratic processes, even for countries without any form of electronic voting. These technologies offer numerous new opportunities, but also new threats. Cybersecurity is currently one of the greatest electoral challenges. It involves a broad range of actors, including electoral management bodies, cybersecurity expert bodies and security agencies. Many countries have found that interagency collaboration is essential for defending elections against digital threats. In recent years significant advances have been made in organizing such collaboration at the domestic and international levels. This guide tracks how countries are making progress on improving cybersecurity in elections. Based on an extensive collection of 20 case studies from all over the world, it provides lessons for those wanting to strengthen their defences against cyberattacks.

Artificial Intelligence and Evolutionary Computations in Engineering Systems

Artificial Intelligence and Evolutionary Computations in Engineering Systems PDF Author: Subhransu Sekhar Dash
Publisher: Springer Nature
ISBN: 9811501998
Category : Technology & Engineering
Languages : en
Pages : 781

Book Description
This book gathers selected papers presented at the 4th International Conference on Artificial Intelligence and Evolutionary Computations in Engineering Systems, held at the SRM Institute of Science and Technology, Kattankulathur, Chennai, India, from 11 to 13 April 2019. It covers advances and recent developments in various computational intelligence techniques, with an emphasis on the design of communication systems. In addition, it shares valuable insights into advanced computational methodologies such as neural networks, fuzzy systems, evolutionary algorithms, hybrid intelligent systems, uncertain reasoning techniques, and other machine learning methods and their application to decision-making and problem-solving in mobile and wireless communication networks.