Regulatory Alerts2022-11-24
advisory On Geographical Trend Analysis Internet Fraud
The Nigerian Financial Intelligence Unit (NFIU) has released an advisory on the trends and patterns of internet fraud, particularly romance scams and ransomware attacks, between 2019 and 2021. The report highlights the geographical distribution of these crimes within Nigeria, with Delta, Lagos, and Edo states being the most vulnerable. It emphasizes the need for increased awareness and proactive measures to combat cyber fraud, especially among young males aged 0-29 who are identified as the most skilled perpetrators. The advisory provides recommendations for policy makers, reporting entities, law enforcement agencies, and the public on how to mitigate the risks associated with internet fraud.