Tag: cyber fraud
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Vulnerabilities in digital systems reason for increase in banking sector fraud – E-crime Bureau
The latest report released by the Bank of Ghana on cyber fraud indicates that the banking industry, in 2019, reported a total of 2,295 fraud cases as compared to 2,175 fraud cases reported in 2018. Giving reasons for the increase in the number of fraud cases in the sector, the central bank stated that the…
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Ghana lost US$105 million to cyber-crime in 2018 — CID
Latest figures from the Cyber-Crime Unit of the Criminal Investigations Department of the Ghana Police Service has shown that money lost to cyber fraudsters 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…
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Cyber crime rises but industry recovers GH¢160m in 2017
An estimated 80% of the value of all cyber fraud cases was recovered in 2017, the Bank of Ghana has stated. However, instances of cyber fraud continue to rise as the figure went up by about 42% between 2016 and 2017. The central bank is therefore embarking on new strategies to reduce the crime to…