Cyber Threats Archives - Ghana News Express

Dr. Ernest Addison, Governor of the Bank of Ghana, has warned financial institutions in the country regarding the growing threat of cyberattacks. He said the use of digital platforms for banking transactions presented both opportunities and some threats. The Governor was speaking at the Chartered Institute of Bankers, Ghana's (CIB) Governors Day event in Accra. The CIB Governors Day event was on the theme: "Resilience in the Financial System: Navigating Horizon Risks.” The event also saw the investiture of three honorary members, who have made significant contributions to the industry. The Governor cited the recent cyberattack on the Central Bank of Uganda, which resulted in a loss of $16.8 million, as a stark reminder of the potential conseque...

The UAE has seen a sharp rise in cyber threats in 2024, particularly ransomware attacks, with 34 reported incidents between January and November, up from 27 in all of 2023, according to Acronis Threat Research Unit data. This increase reflects the nation's prominence globally, making it a prime target for cybercriminals aiming to exploit vulnerabilities in finance, telecommunications, government, and critical infrastructure sectors. Additionally, as per the same report, Malware detections have also surged by 65.3%, jumping from 16.05% in 2023 to 26.52% in 2024. Cybercriminals are increasingly using advanced malware and encryption techniques to attack financial institutions, targeting banks and financial services, and seeking to extort companies or sell stolen data on the dark web. With ...

Tag: Cyber Threats

Governor warns of cyber threats, urges investment in security

Rising cyber threats target UAE’s financial sector and critical infrastructure in 2025