{"id":176064,"date":"2018-05-11T00:11:38","date_gmt":"2018-05-10T23:11:38","guid":{"rendered":"http:\/\/www.thetidenewsonline.com\/?p=176064"},"modified":"2018-05-11T00:11:38","modified_gmt":"2018-05-10T23:11:38","slug":"cybercrime-damage-would-hit-6trn-annually-by-2021","status":"publish","type":"post","link":"https:\/\/www.thetidenewsonline.com\/?p=176064","title":{"rendered":"\u2018Cybercrime Damage Would Hit $6trn  Annually By 2021\u2019"},"content":{"rendered":"<p>Cyber security ventures are suggesting that damage by global cybercrime would hit six trillion dollars annually by 2021, Mr John Bray, U.S. Consul-General in Nigeria, has said.<br \/>\nBray made the disclosure at the opening of a two-day conference organised by Cyber Security Experts Association of Nigeria (CSEAN) in Lagos, Wednesday.<br \/>\nThe Tide source reports that the conference had the theme: &#8220;Mitigating Cyber Threats in the Digital Age&#8221;.<br \/>\nThe consul-general said that cybercrime might soon become more profitable than global trade.<br \/>\nHe also expressed worry that applications and infrastructure being built with an agile mindset could be easily adapted for purposes not originally conceived by their coders.<br \/>\nBray said that, with Internet of Things (IoT) and the growth of the digital movement, there would be continuous increase of cybercrime.<br \/>\n&#8220;As the world embraces the IoT, big data, cloud and mobility, security must be more than an afterthought.<br \/>\n&#8221; With new threats appearing on a daily basis, and attackers continuously refining their techniques, it could be difficult to keep up.<br \/>\n&#8221; Businesses and government agencies need to evolve more infrastructure to cope with the ever-changing threats.<br \/>\n&#8220;Landscape organisations can no longer merely react to threats but need to create infrastructure that are agile and adaptive where breaches are addressed before they happen,&#8221; he advised.<br \/>\nBray said that cyber security must become an enabler of businesses, lifestyles, healthcare and a better society.<br \/>\nHe urged that workshops, plenary and breakout sessions at the conference should fully explore the issues and further prepare Nigeria&#8217;s cyber security industry for evolving challenges of the cyber space.<br \/>\nThe envoy also urged Nigerians to join the U.S. Department of Homeland Security&#8217;s ongoing cyber security awareness campaign tagged &#8220;Stop. Think. Connect&#8221;.<br \/>\nExecutive Vice Chairman, Nigeria Communications Commission, Prof. Umar Danbatta said that although the commission was not a security agency, it ensured that there was an enabling environment to assist security agencies in telecom-related security incidents.<br \/>\nHe said that Nigeria was facing numerous challenges in cybercrime management as a result of absence of comprehensive and reliable demographic and biometric database.<br \/>\n&#8221; We also have insufficient expertise in the area of cyber and information security.<br \/>\n&#8221; We do not have sufficient inter- agency, regional and international collaborations, &#8221; he said.<br \/>\nThe executive vice chairman said that the commission had played several roles in combating cybercrime and developing cyber security.<br \/>\n&#8221; We have put in place relevant regulations to support security agencies such as registration on lawful interception.\u201d<br \/>\nHe added that the commission championed national SIM card registration, noting that the registration matched each SIM card with a biometric identity that served as a key database which governments and crime management programmes could rely on.<br \/>\nDanbatta also said that the commission played a major role in the implementation of national cyber security strategy.<br \/>\nDanbatta said that CSEAN was a partner in the &#8220;Stop. Think. Connect&#8221; campaign aimed at helping global digital citizens to stay safer and more secure.<br \/>\nHe advised Nigerians to be more vigilant and develop safe online habits.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cyber security ventures are suggesting that damage by global cybercrime would hit six trillion dollars annually by 2021, Mr John Bray, U.S. Consul-General in Nigeria, has said. Bray made the disclosure at the opening of a two-day conference organised by Cyber Security Experts Association of Nigeria (CSEAN) in Lagos, Wednesday. The Tide source reports that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-176064","post","type-post","status-publish","format-standard","hentry","category-icttelecom"],"_links":{"self":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/176064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=176064"}],"version-history":[{"count":0,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/176064\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=176064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=176064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=176064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}