Nigerian hip-hop songs celebrate a life of cybercrime ...Middle East

Economy by : (Quartz) -
Along with its many benefits, the internet has brought the world a new risk—cybercrime. Cybercrimes are offenses that intentionally harm victims in various ways using telecommunications networks. One report estimates the global annual cost of cybercrime would reach $6 trillion at the end of 2021.It’s a major problem in Nigeria too. About ₦127 billion or $649 million is lost annually to internet fraud, representing 0.08% of the country’s gross domestic product. This makes cybercrime a threat to foreign direct investment and the socioeconomic development of the country.Researchers have previously examined the reasons that people—especially young people—get involved in cybercrimes. Corruption,

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