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Bank of Ghana warns commercial banks about hackers

While there has not been any major attack on a bank in the country, hackers continue to target financial institutions across the globe, forcing banks to increase cyber protection.

The warning was given by the Second Deputy Governor of the Bank of Ghana, Johnson Asiamah.

"The growing threat of cyberattacks has never been more pressing...Recent instances of payment fraud demonstrate the necessity for industry-wide collaboration to fight against threats", he said.

“At all time, the BoG acknowledges that each bank has its own risk evaluation profile and that each would have to make the required adjustments to its business profile and unique operation characteristics. However, the security of the industry as a whole is a shared responsibility”, he added.

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Mr Asiamah made the call at an industry workshop organised to educate bankers about cyber attacks and its countermeasures.

In March 2016, it was reported in the international press that the Russian Central Bank had foiled a cyber attack in which the perpetrators were looking to make way with 45 million dollars. However, before the Russian authorities could foil the plot, 19 million dollars had already been taken by the hackers.

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