Thursday, July 9, 2026

IT, telecom lose $6 trillion to cybercrime

The global telecom sector has lost $6 trillion to cybercrime in 2021 so far.

• June 30, 2021
A hacker on a computer used to illustrate the story.
A hacker on a computer used to illustrate the story.

The global telecom sector has lost $6 trillion to cybercrime in 2021 so far.

On Tuesday, the United Nations urged countries to be more proactive in preventing cybercrime, as millions of dollars are lost to the menace, according to a report by the International Telecommunication Union (ITU) on Tuesday.

The report estimated that the IT and telecom sector suffered up to $6 trillion in damage in 2021 so far.

The ITU urged countries to improve their cybersecurity to prevent unlawful intrusion into systems and data manipulation.

Measures to prevent cybercrime “are best in the U.S.,” the ITU said after an evaluation of questionnaires.

It ranked Saudi Arabia third, Russia fifth, and Turkey 11th in its assessment of countries’ precautions.

Meanwhile, the number of people using the internet worldwide has risen rapidly and expected to double by 2030, when 90 per cent of the world population will be online.

According to the ITU, 3.5 billion people have access to the internet, a number expected to reach 7.5 billion by 2030.

Only one billion people were online in 2007. Now, one billion people have gone online for the first time since 2015.

(dpa/NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Morroco and France teams

Heading 1

Deschamps, Diaz confident of victory ahead of France, Morocco World Cup quarter-final clash

Morocco’s Brahim Diaz stated that the 2022 semifinalists were ready for the pressure against France.

Isolo LCDA logo

States

Isolo LCDA chairman urges healthy living at free medical outreach

Ms Baruwa urged the LCDA chairman to sustain the initiative.

Badagry General Hospital.

States

General Hospital Badagry promises priority care for sickle cell patients

Mr Adesola said that Sudabelt Medical Co. Ltd recently conducted a free sickle cell outreach for children aged 0 to 18 in Badagry.

Mexican immigrant Lorenzo Salgado Araujo

Heading 2

Outrage greets ICE’s killing of Mexican immigrant Lorenzo Salgado Araujo 

ICE said the slain Mexican attempted to evade arrest as agents conducted a traffic stop as part of a “targeted operation.”

Climate

Africa

Climate change responsible for global extreme weather conditions not El Niño: Experts 

A member of 350.org’s Caribbean team, Amira Odeh Quiñones, described the climate crisis as a humanitarian emergency in the region.

AU logo and South African xenophobes

Africa

Xenophobia: Reps urge FG to suspend diplomatic relations with South Africa

The parliament urged the federal government to invoke available diplomatic and lawful international mechanisms to seek redress.