The current landscape requires everyone to be data conscious as the world experiences numerous issues with data protection and privacy. Research shows 54% of companies globally record at least one cyber related attack yearly. In Nigeria, 60 percent of firms suffer cyber attacks every year. With 38% of global corporations claiming to be able to handle complicated cyberattacks, yet, up to 43 percent of cyberattacks are targeted at small and medium scale enterprises.
Cybercrime is a threat against various institutions and people who are connected to the internet either through their computers or mobile technologies. The impact of cybercrime can be felt on the lives, economy and international reputation of a nation. Nigeria is ranked as the 16th highest country in cyber-attacks vulnerabilities in Africa. Cybercrime is rising at an alarming rate with each subsequent crime more advanced than previous ones. For this reason, there is a need for increased information and knowledge on the subject.
Research shows that the banking sector is the most targeted by cyber criminals. In most cases, the intention is to cause damage to the reputation of the bank by denying service to users and sabotaging data in computer networks of organizations.
Check out our website, https://taxtech.com.ng, for more on protecting your data from cyber criminals. You can also become a Privacy Professional through our NDPR Academy.