Sunday 15th December, 2019
By
Emmanuel Todd, GNA
Accra, Dec. 15, GNA
– Mr George Nkrumah, Head Anti-Money Laundering Office, Financial Stability
Department, Bank of Ghana (BoG), has said over the past three years, Ghana had
lost about US$200 Million to cyber-crime.
The cyber fraudsters
keep targeting the activities in the banking sector, he said, adding that
neither would the security agencies relent in monitoring and forestalling their
activities.
Mr Nkrumah said
financial institutions such as banks were evolving from a cash system to a
cashless method of banking and this has given cyber fraudsters the opportunity
to use advanced technologies to try and hack into the database of institutions
in order to steal funds.
He said this at the
opening of a three-day Financial Crime Sensitisation Seminar organised by the
BoG.
The seminar was held
in collaboration with the Committee for Co-operation between Law Enforcement
Agencies and Banking Communities (COCLAB) and other stakeholders.
Mr Nkrumah said
based on the prevailing situation, there is the need to put in place security
measures and the adoption of healthy cyber practices to protect the funds of
investors.
“We will
continue to monitor their approaches and put in place appropriate measures so
they don’t succeed,” he said.
He advised employers
to cross check background of their employees with the BoG to ensure that they
don’t have any history of financial fraud- else they could be recruiting
fraudsters.
Participants at the
event included representatives from the banking, security and judicial sectors
amongst others.
GNA
