AI-Enabled Scams Cost Nigerians N12.5bn
Nigerians lost ₦12.5 billion to telecommunications fraud between 2019 and early 2023, according to a new report by PwC. This figure underscores the growing vulnerability of the country’s digital infrastructure as it becomes the primary gateway for financial services. Globally, the sector is reeling from losses exceeding $38.9 billion. The report warns that the rise…