Cybercrime has become a major issue in Nigeria, costing the country over $180 million annually. Nigeria has one of the fastest growing internet penetration rates globally, which has contributed to the rise of cybercrime. Cybercrime has become an ingrained part of Nigerian society and culture, as it provides an opportunity for income among Nigeria's large youth population living in poverty. However, cybercrime is now a national security threat and victims are located all over the world. While the government has enacted cybercrime laws, greater awareness and education is still needed to adequately address the problem.