The International Monetary Fund (IMF) has said that financial institutions across the world lost a sum of $12 billion to cyber attacks in the past 20 years. IMF disclosed this in a report titled, ‘Global Financial Stability Report, April 2024’. The Bretton Wood institution said the financial sector is extremely exposed to cyber risk, adding that about one-fifth of the recorded cyber incidents …

No fewer than 12.9 million cyberattacks have been recorded from within and outside the country during the just-concluded Presidential and National Assembly polls. The Minister of Communications and Digital Economy, Prof Isa Pantami, disclosed this on Tuesday, saying over 6.9 million attacks were recorded on election day alone. According to Pantami, the attacks were successfully blocked owing to the sophisticated …