Country
Nigeria

Source
Article from Nigerian Guardian

Title
Is Nigeria Really The Headquarters of Cybercrime in the World?

About
Article dated Aug 2019 | Lots of information and statistics | So why, as of 2019, do we suddenly no longer make international cybercrime lists and still make headlines?

Key findings
Nigeria has an international reputation for being one of the biggest cybercrime hotspots in the world | 7% of all online transactions within Africa in 2013 were fraudulent, almost thrice the size of Europe’s 2% and North America’s 1%.| The FBI estimates that between October 2013 and December 2016 more than 40,000 “business email compromise” incidents worldwide resulted in $5.3 billion in losses. | Nigerians more focused on social cons rather than digital manipulation. Romance cons, foreign money exchange and business scam emails are still the most popular methods and they’re all the most visible. | These methods average out to $6003 per person, $2133 per person and $1717 per person respectively. While investment scams, moving scams and cryptocurrency scams, more popular in Russia, China, India and Brazil, average out to $8648 per person, $3993 per person and $3147 per person respectively. | Thus, Nigeria’s popular reputation, despite increasing competition, has more to do with public visibility than actual profit. | With a population of 190 million people, Nigeria is one of the largest countries in Africa and the combination of corruption, unemployment and a large youth population mean a high amount of the population resort to scam as a means of livelihood.

Website
https://guardian.ng/news/is-nigeria-really-the-headquarters-of-cybercrime-in-the-world/