• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Ghana lost US$105 million to cyber-crime in 2018 — CID

27/05/2019
Reading Time: 2 mins read
cyber-crime
405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

The Criminal Investigations Department of the Ghana Police Service has revealed that money lost to cyber fraudsters in Ghana increased from US$35million in 2016 to US$105million in 2018.

Dr. Gustav Yankson, Director of the Cybercrime Unit of the Criminal Investigation Department, Ghana Police Service who revealed this said it added to the US$69 million lost in 2017.

Delivering the keynote address at the maiden edition of the Ghana Insurers Association’s (GIA) Information Technology Conference under the theme: “Emerging trend domain and impact of cybersecurity threats on the insurance industry”, a Cyber analyst with e-crime Bureau Philemon Hini argued it is time heads of institutions in the country lead the fight against cyber-crime by prioritizing investments in IT solutions.

“Within our institutions the management level must appreciate the need for cyber security solutions. Because from what we are seeing now cyber security has been left entirely in the hands of the IT department without much interest from management. Because management does not fully appreciate cyber security issues it becomes difficult to get the funding needed to put the right systems in place.”

The Information Technology Conference by the Ghana Insurers Association’s brought together leading personalities in Ghana’s insurance sector to deliberate on the steps that should be taken to protect insurance companies from the scourge of cybercrime.

Meanwhile, the Managing Director (MD) of SIC Insurance Company Limited Stephen Oduro, has stated that insurance companies must protect their data with improved investment into IT systems to prevent cyber fraud.

“IT should not and I stress, should not be an afterthought. We should do all we can to prevent these unnecessary budget cuts as far as IT expenditures are concerned,” Mr Oduro said.


Previous Post

Bitcoin nears $9,000 as it breaks through its highest level this year

Next Post

Policy rate at 16%, this is what a borrower and an investor must note

Related Posts

Safe online shopping

5 tips for smart and safe online shopping in Ghana

30/12/2020

Cybercrime: how safe is your company?

14/06/2016
Next Post
bank_of_ghana

Policy rate at 16%, this is what a borrower and an investor must note

oil_palm

$40 million lost to oil palm smuggling annually

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In