Ghana’s Cyber Security Authority (CSA) is leading the fight against cyberattacks, with a focus on protecting the financial sector.
Financial Institutions Targeted by Cybercriminals
According to CSA Director General Dr. Albert Antwi-Boasiako, roughly 70% of cyberattacks target financial gain. Banks are a prime target, but Dr. Antwi-Boasiako highlighted progress in reducing losses.
Collaboration and Reduced Fraud
Stronger regulations and investments in security have led to a decrease in financial cybercrime. Banks are reporting fewer incidents, and statistics from the Bank of Ghana show a decline in losses.
Training for a Regional Response
The CSA is working to improve cyber defenses across West Africa. A recent 3-day training program brought together representatives from 15 countries to discuss information sharing and better incident response strategies.
Boosting Public Awareness
Dr. Antwi-Boasiako identified a critical gap in public cybersecurity knowledge. Only 25-40% of Ghanaians have a basic understanding of online safety. The CSA is calling on media and other stakeholders to raise public awareness of cyber threats.
Looking Ahead: Comprehensive Data Collection
The CSA is developing a system to collect data on cyber incidents and losses across all sectors within Ghana. This data will be crucial for further strengthening the country’s cybersecurity posture.
