Regulators discuss insurance cover for cyber risks in Nigeria
Talks began between the National Information Technology Development Agency, NITDA, and the National Insurance Commission, NAICOM, on creating an insurance product to cover the rising cyber risks in Nigeria. Underscoring the move as long overdue, the Director-General of NITDA, Kashifu Inuwa Abdullahi, noted that, ”Nigeria loses about N200 billion to cyber crime annually”. Abdullahi, who…