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Cyber Risks and Fraud in the Nigeria’s Business Environment: A Postmortem of Youth Crime

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  • Jegede Ajibade Ebenezer

Abstract

This article examines the opportunities and the negative impacts associative of the use of Internet technology in the era of E-Business. Contextually, it zeroed on the activities of youths as they engage in online fraud as a means of survival in Nigeria. It further postured that the Internet medium tremendously promoted e-commerce and simultaneously created a new form of socio-economic insecurity that is highly unprecedented in the world history. The magnitude of vulnerability and concomitantly the monetary loss often attendant of wireless transaction cross culturally engenders fear, skepticism and disillusionments among Internet users in the cyber environment. In order to minimize this trend, the authors were of the view that a special inbuilt security mechanism attachable to the Internet technology hardwires be provided for the censorship of online monetary related interactions. This unique configuration is expected to serve as checks against fraud and other maladaptive uses of the technology by cyber predators.

Suggested Citation

  • Jegede Ajibade Ebenezer, 2014. "Cyber Risks and Fraud in the Nigeria’s Business Environment: A Postmortem of Youth Crime," Journal of Social and Development Sciences, AMH International, vol. 5(4), pages 258-265.
    • Handle: RePEc:rnd:arjsds:v:5:y:2014:i:4:p:258-265
    DOI: 10.22610/jsds.v5i4.825
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    References listed on IDEAS

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    1. Lupia, Arthur & Sin, Gisela, 2003. "Which Public Goods Are Endangered?: How Evolving Communication Technologies Affect The Logic of Collective Action," Public Choice, Springer, vol. 117(3-4), pages 315-331, December.
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