He said the bank has prioritised targeted recruitment and capacity-building to ensure adequate cybersecurity expertise.
He said artificial intelligence (AI)-powered fraud was projected to reach 350 billion between 2023 and 2027 globally.
“We also observed that the 2023 general elections triggered a deluge of misinformation, disinformation and attacks on small businesses –which was more than double.”
The National Security Adviser, Nuhu Ribadu, said the federal government was implementing measures to amend the 2015 Cybercrimes Act.
