Cybercrime growing at speed of light


The Minister of Communication and Digital Economy, Isa Pantami, has said cybercrime is growing at an alarming rate globally.

He also explained how cybercrime ‘generates’ massive income globally.

He said this at the annual cybersecurity conference in Abuja on Thursday organised by Nigeria Communication Commission (NCC).

The conference was aimed at strengthening the security and resilience of the nation’s communication infrastructure.

The event served as a platform for discussion on developing a joint response in tackling internet crimes.

“In 2018, the cybercrime industry generated about $1.5 trillion while social media-related crimes generated a minimum of $3.25 billion. Bitcoin crimes generated $76 billion all within 2018,” he said

He said ”many people develop the…



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