Facebook Twitter LinkedIn RSS
    Trending
    • Nnamani bags Digital Economy Icon of the Year Awards in Ghana
    • Nigeria’s Digital Awareness Programme Wins Top Global ICT Award
    • Nigeria Data Protection Commission fines MultiChoice Nigeria N766.2 million for privacy violations
    • New Horizons celebrates two decades of digital empowerment with AFRIBIS award
    • Verve: Powering Africa’s payment evolution for over 15 years
    • LG Electronics unveils MoodUP Refrigerator in Nigeria
    • “Nigeria Digital Heroes” gains major endorsements from NIMC, NACETEM and Galaxybackbone
    • Boosting education technology in Africa’s 1.5 billion population
    Facebook Twitter LinkedIn
    ITPulse.com.ngITPulse.com.ng
    • News
    • Interviews
    • Blogs
    • Analysis
    • Opinion
    • Videos
    • Press Releases
    • Pictures
    • Advertise
    ITPulse.com.ngITPulse.com.ng
    Home»News»Collaboration key to combating N12.5bn financial crimes linked to telecom industry – NCC
    News 2 Mins Read

    Collaboration key to combating N12.5bn financial crimes linked to telecom industry – NCC

    mmBy ITPulseJune 23, 2023
    Facebook Twitter WhatsApp Pinterest LinkedIn Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The key to combating financial crimes linked to the telecommunications industry in the past four years put at N12.5 billion by some reports is through collaboration between various stakeholders in the industry, the Nigerian Communications Commission (NCC) has said.

    The Director, Consumer Affairs Bureau of the Commission, Alh. Alkasim Abubakar Umar stated this at the 2nd Quarter 2023 Industry Consumer Advisory Forum (ICAF) meeting in Lagos.

    He said since the increasing access to mobile phones and internet connectivity has also opened new avenues for criminals to exploit unsuspecting individuals through various forms of electronic fraud, the only way out of the quagmire is a collaboration between stakeholders leveraging the telecom infrastructure.

    “As the regulatory authority responsible for overseeing the telecommunications industry, the NCC recognizes its duty to safeguard the interests of consumers and protect the integrity of our digital ecosystem. Thus, we call on all stakeholders to put a hand on the desk in combating the menace of e-fraud,” he said.

    He stated that is why the ICAF becomes necessary to serve as a platform to share best practices, exchange knowledge and explore innovative solutions to stay ahead of the ever-evolving tactics employed by fraudsters.

    The Center for Strategic and International Studies (CSIS) estimated that 600 billion US Dollars is lost to cybercrime each year, an increase from a 2014 study that put global losses at about 445 billion US Dollars.

    In Africa, the peril of cybercrimes recorded a massive rise in the first six months of 2022, “with phishing and scams hitting 438 percent and 174 percent in Kenya and Nigeria, respectively,” according to several reports.

    E-fraud poses a significant threat to our society, as it undermines the trust and confidence in our digital platforms, hampers economic growth, and adversely impacts the lives of our citizens.

    The ICAF provides stakeholders including telecom operators, financial institutions, law enforcement agencies, government bodies, and concerned citizens to come together to collaborate and devise effective strategies to combat e-fraud.

    collaboration financial crimes Telecom industry
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    mm
    ITPulse
    • Website
    • Facebook
    • Twitter
    • LinkedIn

    ITPulse is a wholly information technology communication (ICT) news website, with a special focus on the African continent. The website provides up-to-date biz-tech news, analysis and comprehensive and thorough insight into the continent's ICT terrain

    Related Posts

    Nnamani bags Digital Economy Icon of the Year Awards in Ghana

    July 8, 2025

    Nigeria’s Digital Awareness Programme Wins Top Global ICT Award

    July 8, 2025

    Nigeria Data Protection Commission fines MultiChoice Nigeria N766.2 million for privacy violations

    July 7, 2025

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Latest Posts

    Nnamani bags Digital Economy Icon of the Year Awards in Ghana

    July 8, 2025

    Nigeria’s Digital Awareness Programme Wins Top Global ICT Award

    July 8, 2025

    Nigeria Data Protection Commission fines MultiChoice Nigeria N766.2 million for privacy violations

    July 7, 2025
    About
    About

    Itpulse.com.ng is a wholly information technology communication (ICT) news website, with special focus on the African continent. The website provides up-to-date biz-tech news, analysis and a comprehensive and thorough insight info the continent's ICT terrain.

    Contact us: editorial@itpulse.com.ng

    Facebook Twitter LinkedIn RSS
    Latest Posts

    Nnamani bags Digital Economy Icon of the Year Awards in Ghana

    July 8, 2025

    Nigeria’s Digital Awareness Programme Wins Top Global ICT Award

    July 8, 2025

    Nigeria Data Protection Commission fines MultiChoice Nigeria N766.2 million for privacy violations

    July 7, 2025
    Popular Posts

    Nigeria’s Digital Awareness Programme Wins Top Global ICT Award

    July 8, 2025

    Nigeria Data Protection Commission fines MultiChoice Nigeria N766.2 million for privacy violations

    July 7, 2025

    Nnamani bags Digital Economy Icon of the Year Awards in Ghana

    July 8, 2025
    © 2017 - 2025 Itpulse. Designed by Max Excellence.
    • Terms & Conditions
    • Privacy Policy
    • Advertise
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.