Globally, cybercrime cost world economies three trillion dollars in three years.
In Nigeria $159 billion was lost to cyber crime in the same period
But there is an ongoing effort to raise awareness about the dangers of cybercrime and ways of tackling it.
Meanwhile, three persons have been arrested by the special fraud unit of the Nigerian Police Force in Lagos.
They were alleged to have been involved in defrauding unsuspecting individuals in the procurement of United States and United Kingdom visas in Lagos.