Ghana loses $77million to cyber crime in 2019

The National Cyber Security Adviser, Dr Albert Antwi-Bosiako, has revealed that the country has lost some $77million to cyber crime cautioned in the year.

Ghana loses $77million to cyber crime in 2019

According to him, the cyber-attacks will escalate in the coming years, given the increase in Internet penetration and the massive reliance on ICT devices for transactions.

“Cyber-attacks promise to escalate in the years to come, especially with the increase in Internet penetration and the massive reliance on ICT devices – such as the use of mobile phones for transactions and interaction by citizens. Mobile phones have facilitated easy access to social networks and to business transactions,” he said.

Dr Antwi-Bosiako said this while he spoke to journalists after the launch of a Point of Contact (POC), an innovation to curb cyber crime in the country.

He noted that a successful infiltration of these systems and platform will not only undermine confidence in the country’s digitalisation measures but also have detrimental impacts on the economic activities of individuals.

Ghana’s payment system shows that the registered number of mobile money accounts increased to 22.99 million in June 2018 from 21.36 million recorded in June 2017.

This, however, means that a significant percentage of the population are sending and receiving money through their phones.

The Advisor, hence, noted that although the figure recorded the previous year ($105million) was more than this year, it is important to put measures in place to help curb the menace.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

4 side effects of being a virgin for too long, according to research

4 side effects of being a virgin for too long, according to research

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi

Zari Hassan lectures Tanzanians over her viral black innerwear video

Zari Hassan lectures Tanzanians over her viral black innerwear video

Where is Mr Tembo? Ex-Tahidi High principal resurfaces [Video]

Where is Mr Tembo? Ex-Tahidi High principal resurfaces [Video]

DP Ruto's firm wins Sh190M Nairobi county gov't tender

DP Ruto's firm wins Sh190M Nairobi county gov't tender

Diana Marua hospitalized, Bahati gives update [Photos]

Diana Marua hospitalized, Bahati gives update [Photos]

Betty Kyallo shares photos of the first Subaru she bought after joining KTN

Betty Kyallo shares photos of the first Subaru she bought after joining KTN

North Korean man who smuggled 'Squid Game' into the country to be sentenced to death

North Korean man who smuggled 'Squid Game' into the country to be sentenced to death

Yvette Obura’s heartwarming message to Diana Marua excites Kenyans

Yvette Obura’s heartwarming message to Diana Marua excites Kenyans