Such heightened collaboration, coupled with the low cost of malware – three-quarters of malware kits cost less than ₦7,000 – are further triggering cybercrime to be more accessible.
These challenges, for cyber-security experts, will be intensified by the growing economic slump and uncertainties. As cybersecurity spending is set to increase by 13.2% in 2023, cost projections will be under critical observation, with emphasis on the most important cybersecurity demands.