Cybercrime

24 Jul

Ghanaian Banks Warned Of Cybercrime Risk Resulting From Fake CrowdStrike Update

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The Africa Centre for Digital Transformation (ACDT) has issued a warning to banks in Ghana about potential cybercrime threats following a global software failure. The incident, which occurred on July 19, 2024, involved a defective update from cyber-security firm CrowdStrike, affecting millions of Microsoft Windows devices worldwide. The software glitch, which lasted for 78 minutes, disrupted various sectors including banking, aviation, and healthcare. Microsoft confirmed that the faulty update impacted 8.5 million Windows devices, leading to widespread system failures. Despite CrowdStrike’s rapid response to rectify the issue, the damage was extensive, causing numerous flight cancellations and operational disruptions at banks.…

10 May

Cybercrime Management Key To Robust Financial Sector – Expert

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Lead for Financial Crimes and Anti Money Laundering at e-Crime Bureau, Eric Kwaku Mensah, says conversations and efforts towards building a robust financial sector must take cognizance of effective cybercrime management. He added that without urgent attention, innovations in the financial sector stand the risk of not meeting their target. To this end, he advised sector players to collaborate with Law enforcement agencies to share information and coordinate efforts to investigate and prosecute financial crimes. “Enforcing regulations and directives issued to the industry and also providing training and guidance to financial institutions as well, he said will help them identify…