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Cybercrime: The Greatest Challenge of the Nigerian Youth in the Digital Age!!!

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CyberCrime Nigerian youth

By Rotimi Onadipe

Cybercrime is a crime perpetrated through an electronic communication network, particularly the internet. This menace is very rampant among youths between the age of 14 and 21 and it had done incalculable damage to the image of Nigeria.

Cybercrime can be perpetrated through many ways; e.g. phone calls, internet calls, sending of scam emails containing “get rich quick” proposals to entice unsuspecting victims etc.

The most common type of cybercrime is perpetrated through email. In most cases, it comes in form of a marriage proposal, unclaimed fund, donation, lottery, help, bonanza, bank transaction notification or credit alert etc. Some of the youths send as many as 20,000 such scam emails every day while others send more to increase their chance of getting their targets.

Youths are proverbially referred to as leaders of tomorrow but how can they be true leaders when they engage in various types of cybercrime at an early age?

It is very sad that the family members of most cybercriminals are very happy with their illegal activities. Due to the economic situation of the country, most parents of cybercriminals have determined to pretend as if nothing is wrong with what their children are doing because of the benefits they derive from their ill-gotten wealth. Their excuse is that the high rate of unemployment and poverty in Nigeria lead their children into illegal activities.

Some parents invite clerics, family members and neighbours to celebrate with them and hold special prayer sessions for their children who have made huge sums of money through internet fraud.

Others go further to prepare charms for their children so as to escape justice if they get arrested or are taken to court for trial. Some parents even justify the unlawful acts by saying “they are reaping the fruits of parent-hood”.

This menace had done incalculable damage to the image of Nigeria and many countries around the world. A study by a research organisation discovered that Nigerian scams cost the British Economy at least £150 million a year. The fact of this matter is that the cost to society goes beyond just losing money. Some victims had attempted suicide, many homes have broken and a lot of businesses crashed.

Further findings, also revealed that some countries lose at least $36 million a year to Nigerian scammers. Another research by Cybersecurity Ventures states that cybercrime will cost the global economy $6.1 trillion annually by 2021.

However, cybercrime is not limited to men, some ladies are also into the illegal act. They usually start by sending their nude pictures to unsuspecting victims after which they develop this to Advance Fee Fraud, all in the name of unemployment and poverty.

The mind-boggling question:

Is cybercrime the solution to unemployment and poverty in Nigeria? The answer is of course “NO.”

Here are some safety tips that we can adopt to reduce cybercrime among Nigerian youths in today’s digital age:

  1. We should all have a total change of heart by having the fear of God in our hearts and believing that one day we will meet our creator to give an account of how we spent our lives.
  2. Religious and non-governmental organisations should always organise programs to sensitise the youths and the society at large on the need to have the fear of God in their heart.
  3. Parents should not indulge their children who come home with different items they did not procure for them. They should investigate how they got the items.
  4. Parents should always pray for their children and counsel them to be contented with what they have.
  5. Government and non-governmental organizations should encourage the youths in their talents through skill acquisition programs.
  6. Nigerian youths should be optimistic about the situation of the country. They should shun the belief that “Nigeria can never get better”.
  7. Government should address the problems of poverty and unemployment by creating more jobs and providing soft loans to unemployed youths.
  8. The youths should also realise that cybercrime has repercussions that could destroy their future.
  9. Government and non-governmental organizations should always create awareness campaigns at all levels to sensitise the entire public on the dangers attributed to cybercrime and the preventive measures.
  10. The sim card registration program set up by the National Communication Commission (NCC) had really helped a lot in reducing the rate of cybercrime in Nigeria. More programs of this nature should be introduced by the government.
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Nigeria Needs Cutting-Edge AI Applications—Osinbajo

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cutting-edge AI applications

By Adedapo Adesanya

Nigeria needs to invent and produce cutting-edge Artificial Intelligence (AI) applications for education, business, medicine and security.

This was the view of Nigeria’s Vice President, Mr Yemi Osinbajo, at the founding class (2021) of the Nigerian University of Technology and Management (NUTM), Lagos.

Mr Osinbajo, while giving a keynote address at the event, also called for an effective collaboration between public and private sectors to build world-class institutions focused on innovation in science, technology and management sciences that would help proffer solutions to the country’s challenges.

NUTM is a top-notch school of innovation and technology focused on nurturing leaders in Nigeria and Africa, promoted by Mr Okey Enelamah, immediate past Industry, Trade and Investment Minister.

“The most significant problems of this generation, especially in Africa, will require innovation in science, technology and the management sciences, especially entrepreneurship and innovative leadership if we are to stand a chance of resolving them,” the VP was quoted as saying in a statement released by his media aide, Mr Olaolu Akanda.

The Vice President said that the graduands of the NUTM programme had what was required to be among those who would in the future, provide solutions to national and global challenges in different sectors.

“I think sitting before us today, the graduands of the NUTM Scholars Programme, we might just be beholding the men and women with the answers to some of the world’s most significant challenges.

“And there are many challenges indeed. We need to invent and produce cutting-edge AI applications for education, business, medicine and security.

“We need to design the educational innovation required to train millions of children in or out of classrooms all across the country and on our continent, and provide the techniques for delivering opportunities in technology on the scale,” he said.

Mr Osinbajo said that in Agriculture, Nigeria needed to invent advanced devices, precision agriculture methodologies, and robotic systems

He said such inventions would guarantee the huge yields per acreage or volumes in dairy and livestock to meet the food security needs of a country headed for the third position in global population size in a few short years.

“And we are waiting for the breakthrough in the treatment of peculiar African health challenges such as sickle cell disease, fibroids and cancers.

“There is so much to do. But we know that ground-breaking innovation in technology or commerce will always be the product of the work of well-trained people.

“Which is why the NUTM Scholars Programme was designed to offer cutting-edge knowledge in Technology, Entrepreneurship and Design; Management; Perspectives in breakthrough Leadership ideas, Critical thinking and Writing.”

According to him, the goal of the university is to train and equip highly sophisticated crack technology, innovation and management experts.

“The students are the first cut of that dream team. And, we are holding our breath waiting for you to step into your destined roles.

“First, every major innovative breakthrough in science, technology or the social sciences was the product of patient collaborative work, sometimes across nations.

“There is no innovation yet around the hard and, sometimes, long task of creating rare value,” he said.

According to him, the second reason why most people will never attain significance is that they are only interested in themselves and their personal successes.

“But to earn significance, one must do something much bigger than oneself, a big idea, a massive game-changer should always be your target.

“Third is developing a mindset that you are as good as anyone who has ever developed a game-changing idea.

“Problem-solving innovators are, after all, men and women not spirits. And this is important because the way not to achieve is to have a mind that is incapable of seeing huge things,” he said.

While commending the founders, management and academics of the NUTM for the great work, Osinbajo told the graduands that those who built Dubai were men and women, not spirits.

In his welcome remarks, Mr Enelamah, who is also the Chairman of the Governing Board of the University, thanked the vice president for attending the event.

He added that NUTM was a pioneering higher education institution that had been established to nurture leaders and innovators to create an impact in Africa and other parts of the world.

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Flutterwave Partners Currencycloud for US, Europe Expansion

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Currencycloud

By Adedapo Adesanya

Flutterwave has partnered with Currencycloud to stimulate its expansion in Europe and the United States as it hopes to gain wider traction.

The company plans to launch in Europe and the US, strengthening its services to customers, making it possible for them to send and receive money from any part of the world with its distinct virtual accounts, quickly and efficiently.

As a result, users will now be provided with more service options globally as they will be able to receive payments not just using debit cards, but via other new channels, and will ensure total transparency to foreign exchange charges for international payments, giving customers access to multi-currency wallets.

The current development shows the company’s interest in scaling beyond its existing reach globally, not just in a particular region as it journeys to reach every nook and cranny of the world.

According to the founder and Chief Executive Officer of Flutterwave, Mr Olugbenga Agboola, “This partnership marks our ongoing commitment to creating a payments infrastructure that links the world to Africa.”

“Our shared value of simplifying payments, coupled with the speed with which we could launch in a new market leveraging Currencycloud APIs were just a few reasons why we partnered with them.

“Through our partnership, we are excited to offer new and existing customers more payment options to grow their business, access new markets and build their customer base,” he further said.

In addition, Mr David Heitzmann, vice president of Sales and general manager of North America at Currencycloud said that the company’s goal is to reimagine the way money flows around the world.

“The partnership with Flutterwave is a great example of this, and we are thrilled to be able to support Flutterwave in their mission,” he pointed out.

Right away, the incorporation of Currencycloud’s API into Flutterwave’s technology has been done. Existing and new customers can start leveraging the innovation.

Flutterwave was recently listed as one of the 100 Most Influential Companies in Time’s recently published magazine.

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Social Engineering: The Mindset of a Cyber Criminal

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computer crime Social Engineering

By Rotimi Onadipe

Who is a cyber criminal?

A cyber criminal is an individual that commits crime with the use of a computer as a tool or as a target. Cyber criminals operate in many ways but the most common way cyber criminals operate in today’s digital age is through social engineering.

Social engineering is a strategy used by cyber criminals to manipulate or trick people into revealing their personal or sensitive information. In most cases, it involves interesting and convincing stories from cyber criminals to lure unsuspecting individuals, companies or organisations into falling victim.  Common social engineering attacks include:

  1. Sending of fake distress messages to unsuspecting victims.
  2. Sending an email with a link that will redirect an unsuspecting victim to a fake website.
  3. Sending a message to an individual that he has won a lottery involving a huge amount of money and asking him to provide his bank account details or other personal information.
  4. Sending attachments or apps containing malware to unsuspecting victims.
  5. Pretending as a bank, internet service provider, business partner or social media platform administrator and asking of password, PIN or other personal information from an unsuspecting victim.

The internet can be a very good tool for learning, creativity, sharing useful information and connecting with people but despite its great benefits, it is also used by cyber criminals to commit crimes.

In today’s technology age, cyber criminals can be very smart when it comes to online fraud. They will use all kinds of tricks to target their victims around the world.

As internet usage increases on daily basis so do the amount of sensitive and personal information which are made available on social media. The cyber criminals are aware of this and they always want to take advantage of it.

However, we must be informed that we all have personal or sensitive information that is worth something to cyber criminals which they can sell out to other criminals or unsuspecting victims. This is why it is very important for us as individuals or organisations to understand the mindset of a cyber criminal.

The mindset of a cyber criminal:

  1. He thinks faster than his victims.
  2. He is always searching for people’s personal and sensitive information and he is ready to get it at all costs.
  3. His main motive is to obtain money or personal information from his victims.
  4. He is always learning and thinking of new strategies to defraud his victims.
  5. He wants to make friends with as many people as possible to increase his chances of getting more victims.
  6. He doesn’t give up on his victims no matter how pathetic the victim’s situation is.
  7. He wants to use his cyber security knowledge to defraud anyone that comes in contact with him at any time.
  8. He believes in using different identities to convince his victims.
  9. He spends a lot of time studying the mindset of his victims.
  10. He has a special interest in defrauding aged people and young children because they are the most vulnerable to cybercrime in today’s digital age.

Conclusively, we must be informed that our greatest weapon and best defence against cyber criminals is to educate ourselves about their strategies so that we can understand their mindset.

Rotimi Onadipe can be reached via +234-8169121819 or onatechconsult@gmail.com  

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