Internet Fraud in Nigeria :The Security loopholes exploited, its dimension and impact.

Abstract

The digital world with its alluring benefits has brought with it lots of danger; cybercrime. Cybercrime is a threat to various institutions and individuals who are connected to the internet either through their computers or mobile phones technologies. In Nigeria today, several internets assisted crimes known as cybercrimes are committed daily in various forms such as fraudulent electronic mails, pornography, identity theft, hacking, cyber harassment, spamming, Automated Teller Machine spoofing, piracy and phishing. This paper provides an overview of Cybercrime and Cyber-security loopholes that are exploited for attacks, its dimension and impact. To achieved the stated objective four research questions were formulated and quantitative data was collected from Nigeria’s six geopolitical zones, the collated data was analyzed and the information from the analysis was represented on column and bar charts.