This was the crux of the Cyber security Conference 2022 with the theme “Future of cyber security: emerging issues and solutions,” organised to mark the 25th anniversary of the Central Securities Clearing System (CSCS) that was held in Abuja recently.
The National Security Adviser (NSA) Major General (rtd) Babagana Monguno, in his keynote address said that outbreak of the COVID-19 pandemic led to the unprecedented rise in the dependence on cyberspace vis-a-vis advancement in technologies, innovations and service delivery. This, he said, led to a surge in the number of trade vectors and vulnerabilities in enterprise networks thereby increasing cyber security risks.
The NSA, who was represented by Major General Samad Akesode said “the cost of cybercrime in 2021 is estimated to be about 6 trillion dollars and that of the year 2022 could be better imagined.
