Telecom Consumers Lose N12.5bn to AI-driven Scams

A staggering N12.5 billion was siphoned from Nigerian telecom consumers over the past years (2019-2023), through escalating digital fraud schemes, newly released industry data by PWC reveals. This financial loss comes amid warnings from regulatory authorities and security experts regarding the emerging threat of Artificial Intelligence (AI)-powered cybercrime, which threatens to outpace existing countermeasures. The

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