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Banks have turn out to be susceptible to cyber assaults – Dep. BoG Governor

GNU by GNU
October 2, 2021
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Banks have become vulnerable to cyber attacks - Dep. BoG Governor
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“We’re all conscious that the banking sector is one important establishment whose function is to assist progress. Through the years, banks have progressively moved to digitise their operations and within the course of have turn out to be susceptible to cyberattacks” Dr Opoku-Afari famous on the occasion which occurred on Friday, October 1.

He additionally added that Ghana’s lack of ability to place in place insurance policies to guard the infrastructure of banks from assaults can stop any type of destruction of the banking sector.

He stated regulating and shut monitoring of cyber actions within the banking sector, has turn out to be “an vital important function for the central financial institution”.

“Whereas we pursue this agenda, we have to recognise that regulatory frameworks alone will not be sufficient to guard the nation’s important info infrastructure,” he warned.

Additionally talking on the occasion, Minister of Communications, Ursula Owusu-Ekuful, indicated that, a profitable financial system is hinged on a secured, secure and resilient nationwide digital ecosystem.

“Cybersecurity is, subsequently, very important to the financial improvement of the nation and important to the safety of the rights of people inside the nationwide digital ecosystem.”

The Cyber Safety Authority (CSA) has been established by the Cybersecurity Act, 2020 (Act 1038) to control cybersecurity actions within the nation; to advertise the event of cybersecurity within the nation and to supply for associated issues.

GNU

GNU

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