Eric Olive
This article focused on the many internet-based frauds that originate from Africa. In this technologically undeveloped continent, it seems unlikely that it has become infamous for cyber- crimes carried out mostly in local cyber-cafés. Everyone has received e-mails where the sender claims to be a diplomat and promises riches to you if you only send your life savings in order to access millions waiting behind bank vault doors. Most people simply delete such invitations, as common sense commands, but it is frauds like these that deprives the global economy on $200 billion (US) every year. These internet tricksters assault the global economy with such methods as identity theft, hacking, and network sabotage. The Global Network for Cyber Solutions, which is based in Nigeria, admits that the world needs a solution as banks in Nigeria itself have lost over $7.3 billion to cyber-crimes. The world questions the global economic future as Africa will undoubtedly become more technologically advanced with easier access to the internet.
I have never heard the estimated amount of money taken from the global economy by cyber-crimes before, and it is astounding. This article seemed one-sided as Africa is not to blame entirely, but has interestingly become notorious for breeding cyber-criminals even though it is behind the rest of the world in development. I understand the incentive behind these cyber-crimes; earn from the comfort of behind the computer screen and prey on the seemingly endless waves of willing participants. These criminals cannot be left to do as they please at the global economy’s expense, but it looks like they can get away with it for now if they operate from underdeveloped countries where their government has yet to become technologically advanced enough to stop them.
Original article by Kui Kinyanjui, found on google news
http://www.bdafrica.com/index.php?option=com_content&task=view&id=9749&Itemid=5843
This article focused on the many internet-based frauds that originate from Africa. In this technologically undeveloped continent, it seems unlikely that it has become infamous for cyber- crimes carried out mostly in local cyber-cafés. Everyone has received e-mails where the sender claims to be a diplomat and promises riches to you if you only send your life savings in order to access millions waiting behind bank vault doors. Most people simply delete such invitations, as common sense commands, but it is frauds like these that deprives the global economy on $200 billion (US) every year. These internet tricksters assault the global economy with such methods as identity theft, hacking, and network sabotage. The Global Network for Cyber Solutions, which is based in Nigeria, admits that the world needs a solution as banks in Nigeria itself have lost over $7.3 billion to cyber-crimes. The world questions the global economic future as Africa will undoubtedly become more technologically advanced with easier access to the internet.
I have never heard the estimated amount of money taken from the global economy by cyber-crimes before, and it is astounding. This article seemed one-sided as Africa is not to blame entirely, but has interestingly become notorious for breeding cyber-criminals even though it is behind the rest of the world in development. I understand the incentive behind these cyber-crimes; earn from the comfort of behind the computer screen and prey on the seemingly endless waves of willing participants. These criminals cannot be left to do as they please at the global economy’s expense, but it looks like they can get away with it for now if they operate from underdeveloped countries where their government has yet to become technologically advanced enough to stop them.
Original article by Kui Kinyanjui, found on google news
http://www.bdafrica.com/index.php?option=com_content&task=view&id=9749&Itemid=5843
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