Friday, August 28, 2020

CYBER CRIME : It's effect on economic development in Nigeria

 


A major impact of globalization in our society today is that we all have come to rely on the sheer size technological power and fast speed of the internet to seek out immeasurable volumes of information to explore the unknown to communicate with virtually anyone, anywhere and at any time across the globe. According to researchers, at the turn of the 21st century due to the advent of mobile telephones, Nigerian Internet penetration levels took a running jump from less than 5% in 2002 – 2003, to over 30% by the end of 2012 with the growth poised to continually accelerate. These internet based platforms have provided an array of opportunities for individuals to communicate and network with people of diverse cultures all over the world; it has aided local business to grow by providing regional and international markets and it is shrinking the world into one small community. However, irrespective of these gains associated with the internet revolution, it comes with it several ills especially with regards to cyber-crime.

The menace of cyber-crime has eaten deep into the fabrics of our society and poses threats to the socioeconomic development of the country. It is pertinent to state here that although cyber-crime is a global phenomenon, the vulnerabilities and impact trends do tend to differ depending on the strength of the measures each country put in place to combat menace such as cyber laws and cyber protection technologies. Sadly, as shown in the arguments above, Nigeria ranks high amongst the cyber-crime impacted countries however the country’s response to mitigate cyber-crime is still very low due to inadequate cyber-crime legislation, limited technology and lack of cyber security experts. The shortage of human capital in cyber-security hence becomes a major vulnerability factor in addressing Nigeria’s security needs to combat cyber-crime and cyber threats emanating from cyber criminals. According to researches  the Indian government is earmarking to develop five million cyber security experts in the next three years, while North Korea has already sponsored 15, 000 cyber security experts with China having over 25 million cyber commandoes; with Nigeria needing nothing less than one million cyber security experts in the next two years to combat cyber-crimes. This should be supported by aggressive mass sensitization of the citizenry on the nature, schemes and tactics utilized by cyber-criminals as a means of reducing their vulnerability.

OPINION:  Efforts by the government and the citizenry geared towards curbing cyber-crimes must be reinvigorated as cyber security is crucial for maintaining the continuity of vital social services, preservation of public trust in information systems and promotion of socio-economic development in Nigeria.

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