Biya Francophone regime suffers 4 billion FCFA losses due to fraud and cyber crime 0

Cameroon has suffered nearly 4 billion CFA francs of losses due to financial scam on the Internet according to the Minister of Posts and Telecommunications, Minette Libom Li Likeng. She revealed that 3.7 billion CFA francs of losses have been attributed to bank card fraud.

The Francophone minister also noted that several billions of CFA francs deficits recorded came from “Simbox” fraud and electronic boxes used in charging the international telephone traffic at the price of the national tariff, redirecting and manipulating the international traffic on the Internet.

The same financial damage was caused by intrusions into the information systems of some companies. 12,800 vulnerabilities were detected on government websites including more than 200 cases of usurpation of Facebook profiles and cyber-bulletins and 28 attacks.

Minister Minette Libom further pointed out that 51% of the national Internet traffic volume is tied to illegal downloads. In terms of national solutions to these so-called different threats, Minette Libom Likeng cited the establishment of two cyber security laboratories, the establishment of cyber surveillance and surveillance networks within the public security administrations.

Similarly, a campaign to identify subscribers of telephone networks, begun in 2016 and will soon be strengthened by the establishment of a digital platform for subscriber’s identification and monitoring of electronic communications traffic.

Source: Cameroon Info.Net