{"id":404431,"date":"2018-02-26T07:49:19","date_gmt":"2018-02-26T07:49:19","guid":{"rendered":"http:\/\/citifmonline.com\/?p=404431"},"modified":"2018-02-26T14:03:06","modified_gmt":"2018-02-26T14:03:06","slug":"cyber-crime-cost-ghana-100m-2018","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=404431","title":{"rendered":"Cyber-crime to cost Ghana $100m in 2018"},"content":{"rendered":"

An information security expert has told Citi Business News<\/strong> that Ghanaian businesses stand to lose 100 million dollars from cyber-crime in 2018, if pragmatic measures are not put in place to minimize it.<\/p>\n

According to a Managing Partner at cyber security firm, Delta 3 International, Del Aden, the incident of cyber crime in Ghana will continue to rise unless businesses put effective counter measures in place.<\/p>\n

He added that with increased digitization, the risks related to cyber security naturally increases.<\/p>\n

\u201cUnfortunately, organizations in Ghana are not immune to these risks, as such business leaders must take active steps to improve their organization’s readiness for these kinds of threats,\u201d he said.<\/p>\n

A report released by Kenyan-based IT firm, Serianu Limited, revealed that Ghana\u2019s economy lost a total of US$50 million to cyber-crime in 2016.<\/p>\n

Speaking to Citi Business News<\/strong> on the sidelines of the 4th edition of the Ghana Cyber Security Workshop, Mr. Aden reiterated that government must get involved to direct the fight against cyber crime.<\/p>\n

\u201cBusinesses in Ghana stand to lose nearly 100 million dollars to cyber crime. That\u2019s why everyone needs to sit up and implement effective measures of counter cyber crime,\u201d he warned.<\/p>\n

He observed that public institutions as well as financial institutions in the country are at a high risk of being attacked.<\/p>\n

\u201cOrganizations that are normally attacked, like financial and public institutions, normally experience system disruptions and loss of money. Companies then spend a lot of man-hours in trying to recover lost information and also restore affected systems,\u201d he said.<\/p>\n

\u201cIf you have one company spending a few thousands and others spending similar amounts in reaction to cyber attacks, you\u2019ll eventually realize that companies can lose millions in 2018,\u201d he added.<\/p>\n

Since its inception last year, Delta 3 have succeeded in training over five hundred employees from various organizations in Ghana.<\/p>\n

The 4th edition of the Ghana Cyber Security Awareness Workshop was organized by Delta 3 International, a UK listed expert in I.T Solutions Architecture, Cyber Security and Risk mitigation.<\/p>\n

The company focuses mainly on working with governments and businesses in Europe and Africa to protect their brand and value against the eve-evolving threat of cyber crime.<\/p>\n

The company\u2019s workshop was used to raise awareness about the need for corporate Ghana to take the subject of employee training on cyber security seriously.<\/p>\n

The occasion was used to address the broader issue of Cybercrime in Digital Africa, as well as specific issues like Social Engineering, Ransomware, Identity Theft, Phishing among others.<\/p>\n

Delta 3 International is set to hold two more Workshops this year. The first of which is an Incident Response Workshop on 20th March, 2108 and a Data Protection \/ Business Continuity Workshop on 19th April, 2018.<\/p>\n

\u2013<\/p>\n

By: Bobbie Osei\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"

An information security expert has told Citi Business News that Ghanaian businesses stand to lose 100 million dollars from cyber-crime in 2018, if pragmatic measures are not put in place to minimize it. According to a Managing Partner at cyber security firm, Delta 3 International, Del Aden, the incident of cyber crime in Ghana will […]<\/p>\n","protected":false},"author":14,"featured_media":404432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[32,11],"tags":[15853,3],"class_list":["post-404431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-top-stories","tag-cyber-security","tag-ghana-news"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/404431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=404431"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/404431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/404432"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=404431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=404431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=404431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}