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Ghana loses GHS 49.5 million to cyber fraud in nine months

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Ghana has reported a loss of GHS 49.5 million in the first nine months of 2023 due to cyber fraud activities, according to the Cyber Security Authority.

This highlights the need for increased efforts to combat cybercrime and protect the digital landscape. The Authority is working on implementing regulatory measures to strengthen cybersecurity while highlighting progress in developing a comprehensive framework.

The Director-General of the Cyber Security Authority, Dr. Albert Antwi-Bosiako, highlighted the importance of fostering a culture of digital safety during the launch of National Cybersecurity Awareness Month 2023, which focuses on “Promoting a Culture of Digital Safety.” The cyber frauds reported include cyberbullying, online loan apps, shopping frauds, romance fraud, and settling impersonation. Antwi-Bosiako emphasized the need for individuals and organizations to remain vigilant, adopt best cybersecurity practices, and collaborate with authorities to effectively combat cyber threats.