The Chairman, Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that if left unchecked, cybercrimes portend grave dangers to the entire world.
According to him, the global loss to cybercrimes may reach a staggering $10.5 trillion by 2025, with approximately 2,328 cases occurring daily.
Olukoyede made the assertion in his welcome address at the ongoing 2024 National Summit on Cybercrime, with the theme, “Alternatives to Cybercrime: Optimising Cyber Skills for National Development,” being held at the Banquet Hall of the State House in Abuja.
According to him, cybercrime accounted for a significant percentage of the 3,455 convictions recorded by the EFCC in his first year as Executive Chairman.
Olukoyede added that a significant portfolio of choice assets has also been recovered and returned to both local and foreign victims of cybercrimes by the Commission in the same period.
“Projections by multiple sources show that the global loss to cybercrimes may reach a staggering $10.5 trillion by 2025, with approximately 2,328 (two thousand, three hundred and twenty-eight) cases occurring daily.
“The implication of all these is that, if left unchecked, cybercrimes portend grave dangers to the entire world.
The EFCC boss further revealed that a significant portfolio of choice assets has also been recovered and returned to both local and foreign victims of cybercrimes by the Commission.
