#ENDSARS: NIGERIA MAY LOSE OVER $6TN TO CYBER ATTACKS–EXPERT

Financial experts have warned that the Nigeria economy may lose over $6trillion to cyber attacks, if proactive measures are not put in place.

A financial analyst, Mr. David Sadiku, said the World is a global village, and that the influx of technological advancement calls for urgent attention in the Cyber space.

It was reported on Friday that a popular international cyber hacking group, known as Anonymous, in solidarity with the ongoing #EndSARS protesters in Nigeria, carried out the attack, with warning of greater action on Nigeria in the coming weeks.

However, a close source revealed that many top bank executives spent the weekend meeting with Information Technology (IT) departments on how to prevent possible attacks by Anonymous.

Anonymous, which came into limelight in 2003, claimed it launched the attack in solidarity with #EndSARS protesters and threatened to “take down” websites of key public institutions.

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The group, also on Friday, carried out its threat when it hijacked the Twitter handle of the National Broadcasting Corporation (NBC) and posted anti-SARS campaign content on it.

The panic created by the Friday attack became more widespread as members of the group claimed on Saturday it had successfully invaded handles and digital assets of more organisations.

A report by a section of the media that the website of a first generation bank was also hacked by the digital invaders caused more tension as top executives allegedly arranged panic meetings with internal and external IT consultants on preventive measures.

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Home#EndSARS: Nigeria may lose over $6tn to cyber attacks–Expert
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#ENDSARS: NIGERIA MAY LOSE OVER $6TN TO CYBER ATTACKS–EXPERT
OCTOBER 19, 2020 PUBLISHER
Ngozi Amuche

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Financial experts have warned that the Nigeria economy may lose over $6trillion to cyber attacks, if proactive measures are not put in place.

A financial analyst, Mr. David Sadiku, said the World is a global village, and that the influx of technological advancement calls for urgent attention in the Cyber space.

It was reported on Friday that a popular international cyber hacking group, known as Anonymous, in solidarity with the ongoing #EndSARS protesters in Nigeria, carried out the attack, with warning of greater action on Nigeria in the coming weeks.

However, a close source revealed that many top bank executives spent the weekend meeting with Information Technology (IT) departments on how to prevent possible attacks by Anonymous.

ALSO READ:  Bandits killed 1,100 Nigerians in six months, says Amnesty International

Anonymous, which came into limelight in 2003, claimed it launched the attack in solidarity with #EndSARS protesters and threatened to “take down” websites of key public institutions.

The group, also on Friday, carried out its threat when it hijacked the Twitter handle of the National Broadcasting Corporation (NBC) and posted anti-SARS campaign content on it.

The panic created by the Friday attack became more widespread as members of the group claimed on Saturday it had successfully invaded handles and digital assets of more organisations.

A report by a section of the media that the website of a first generation bank was also hacked by the digital invaders caused more tension as top executives allegedly arranged panic meetings with internal and external IT consultants on preventive measures.

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