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Cybercrime in Africa: Facts and figures 0

Jul10

According to a widely accepted estimate, cybercrime costs the world economy the sum of US $ 500 billion, more than the GDP of South Africa (350.6 billion dollars) and slightly less than that of Nigeria ( 521.8 billion dollars), the continent’s largest economy.

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The latter pays a heavy price to the scourge: according to estimates, cybercrime costs the Nigerian economy the sum of US $ 500 million per annum.

According to the United Nations, cybercrime covers any illegal behavior directed by means of electronic operations that targets the security of computer systems and the data processed by them.

It goes without saying that the phenomenon goes far beyond the common scams perpetrated through emails – the famous Nigerian “419” scam.

Alongside this form of crime are a host of other illegal activities using ultra-sophisticated means.

In this article, we will endeavor to present a range of different forms of cyber crime, their characteristics and scope, as well as available related data.

The digital economy is developing at lightning speed, and with it a new challenge has appeared, along with the economic and strategic stakes that go with it: this new danger is cybercrime.

According to Microsoft’s Digital Crimes Unit (DCU), “there are nearly 400 million victims of cyber crime each year. And cyber crime costs consumers 113 billion dollars a year. India, followed by Pakistan, Egypt, Brazil, Algeria, and Mexico, have the largest number of infected machines involving malware developed outside Eastern Europe”.

Continue reading on SciDev.Net

By Jean Shiloh and Amzath Fassassi

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