STATISTICAL APPRAISAL OF THE FINANCIAL IMPACTS OF CYBERCRIMES ON CORPORATE GOALS IN NIGERIA
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As technology advances, the need to assess the devastating impacts of Cybercrime and alert rational policy-makers at all levels, businesses and individuals of its subsequent financial implications become a growing concern. The objective of this study is to statistically investigate the financial implications of Cybercrime on organization’s goal as perceived by shareholders, investors and key executives; and then proffer proactive steps to curb the menace. Questionnaires, interviews and discussions were the methods used to gather the opinions of the target audience. The Chi-Square method was then employed as a very useful predictive tool to determine the implications of a wide range of costs of online fraud to the businesses. It was established that online fraud management will reduce revenue leakages and bring businesses in line with the realization of corporate goals and objectives. The results of this study should be of interest to government and rational policy-makers charged with the responsibility of security in various quarters to coordinate law-enforcement action and give top spending priority to the most targeted sectors of the economy. It should also raise awareness amongst computer and information systems security designers, computing educators as well as consumers of online systems about developments in the cyber world and the need to institute an effective Cybercrime risk management system.
| Pages | 05-12 |
| Year | 2025 |
| Issue | 1 |
| Volume | 5 |
