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International

Cyber attacks cost financial institutions, governments $3.5 billion: Report

April 11, 2018 Reprints

A report by Kenya-based IT services firm Serianu Ltd. found that cyber attacks cost African financial institutions and governments $3.5 billion in 2017, Journal du Cameroun reported. Banks and financial institutions in 10 African countries lost $248 million, while governments lost $204 million due to cyber attacks.

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Cyber attacks cost financial institutions, governments $3.5 billion: Report

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