[Trend]Is West Africa Poised for an Underground Market?

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Is West Africa Poised for an Underground Market?

Based on an INTERPOL survey, West African cybercriminals stole an average of US$2.7 million from businesses and an average of US$422,000 from individuals from 2013 to 2015. Scams, whether simple (like 419 or Nigerian prince scams) or complex (like business email compromise [BEC] scams), run rampant in the West African threat landscape. In fact, most of the online scams we see now may have to do with the increase in the region’s cybercriminal activity volume.

Post from: Trendlabs Security Intelligence Blog - by Trend Micro

Is West Africa Poised for an Underground Market?

Source: Is West Africa Poised for an Underground Market?