$3bn cybercrime losses raise business security concerns

The Punch | 23-09-2026 02:27am |

Cybercrime losses in Africa since 2019 are estimated at $3 billion, raising concerns for businesses in Nigeria and Ghana. The mounting losses are forcing companies to make cybersecurity a boardroom priority. The report did not specify the sources of the estimate or the specific impacts on individual businesses. The trend highlights the growing threat of cybercrime to the region's economy.

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