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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.

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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.

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