​Ghana loses US$50m to cyber crime

​Ghana loses US$50m to cyber crime

Nigeria recorded the highest figure of US$550 million, followed by Kenya and Tanzania

A report by Kenyan-based IT firm, Serianu Limited, has revealed that the economy lost a total of US$50 million to cybercrime in 2016.

The report dubbed ‘Achieving Cyber Security Resilience: Enhancing Visibility and Increasing Awareness,’ shows that five African countries lost a combined US$895million to the menace–comprising an indirect loss of $537m and direct loss of $358m.

The breakdown of the report shows that Nigeria recorded the highest figure of US$550 million, followed by Kenya and Tanzania with US$175 million and US$85 million respectively. Ghana and Uganda also recorded US$50 million and US$35 million respectively.

The report further reveals that insider threats, which refer to fraud involving information or employee abuse of IT systems and information, are a bigger security threat compared to outsiders for African organisations.

Worryingly, the report states that mo

ons in Africa are ill-prepared to deal with information security threats.

“This is brought about by lack of sufficient budgets, lack of skilled professionals and lack of visibility within the organisation.

Security professionals are struggling to demonstrate business value to senior management because they are providing very technical operational metrics whereas business managers are looking for more business-oriented metrics.

Lack of practical regulatory guidance from industry regulators and government is leading to poorly implemented and unenforceable security controls since they are not local focused but rather copied and pasted regulations,” the Serianu report states.


It is also reported that ICT security expenditure in African countries is estimated to grow from approximately US$1.24 billion in 2015 to US$3.6 billion in 2020.

To achieve this, the Serianu report recommends that African countries need to harden their infrastructure and services to enhance the resilience of the underlying foundation and combat information security threats.

“African countries need to enhance the security competencies of technology users and ICT security practitioners. This will ensure that there is greater adoption of essential security practices among technology users and ensure that ICT security practitioners have adequate knowledge and capability in managing ICT security risks.

Given the borderless nature of cyber threats, it is important for African countries to continue working closely with international counterparts and also encourage cross-border collaboration within the continent,” the report states.

Efforts by Ghana

It is reported that a good number of private and public companies in the country are not security conscious, thereby, making them susceptible to cyber-attacks.

The websites of the Vice President of Ghana, the National Communication Authority, and the National Information Technology Agency have all been compromised by hackers recently.

It is against this background that the Ministry of Communications in 2014 drafted the Ghana National Cyber Security Policy and Strategyto serve as a roadmap for securing the country’s cyberspace as well as to boost investors’ confidence. The policy was approved by cabinet in November last year


​Black Sharks Bow Out Honourably From 2016 African Beach Soccer Championship

By Sammy Heywood Okine

Nigeria defeated Ghana 4-3 on Thursday in their final game of the 2016 Africa Beach Soccer Cup of Nations.

The game was three all before the hosts snatched a late winner to book a place in the semi-finals.

Ghana lost their first game 5-0 on Tuesday against Ivory Coast, before suffering a 5-4 defeat on Wednesday to Egypt and finally lost 4-3 against the hosts Nigeria on Thursday.

Prior to their game against Nigeria they had already been kicked out of the competition, so had nothing at stake in their game against Nigeria.

Despite, losing all their three games, the coach of the Black Sharks, Neequaye is optimistic his team has improved.

“Although, we failed to win any game, I think it was an improved performance over the previous once, because in the past we used to lose by huge margins.

“I believe the future of Beach Soccer in Ghana is very bright,” he said. Ghana featured relatively young team and many observers of the game believe Ghana has a very bright future.

President of the Ghana Beach Soccer Association said Ghana has no excuse however most of the decisions of the match officials did not favour the Sharks and he prayed that next time they will attract the favour of the referees to win handsomely.

Nigeria will face Morocco while Senegal clash with Egypt in the semi final matches.

Two-time winners Nigeria did the necessary to qualify as they beat Ghana 4-3. Needing a win, in extra-time or normal-time, the hosts threw away a lead in a contest that saw the opening four goals come in the space of two third-period minutes.

Having battled back to lead going into the final three minutes, Nigeria were hauled level before Tale struck the winner with a minute from time to take the Super Sand Eagles into the final four and one win away from next year’s FIFA Beach Soccer World Cup.

Morocco downed defending CAF Beach Soccer Africa Cup of Nations champions Madagascar 2-1 to ensure their spot in the semi-finals at the holders’ expense.

With both sides on three points prior to the contest, and Senegal confirmed as Group B winners, the pool finale was winner-take-all – Morocco making the ideal start as they amassed a two-goal lead midway through the second period.

Ymelda’s goal prompted a Madagascan response but the champions fell short while Egypt qualified with a 4-2 win over Ivory Coast, which ultimately ended Ivorian hopes of progression.

While the Ivory Coast battled back to equalise twice, Abo and Mohamed struck in the final period to ensure themselves top spot.

Senegal sent an ominous message to their semi-final rivals as they signed off their group campaign with a 10-2 win against Libya.

Oumar Sylla’s men were already guaranteed a semi-final berth after their opening two wins but a four-goal haul from Diassy as well as a brace from Sylla helped see off a Libya side who finish without a point at the foot of Group B

Gambia’s Yahya Jammeh slaps Nigeria President for asking him to handover power

 President of Gambia Yahya Jammeh has slapped the Nigeria’s President Muhammadu Buhari for asking him [Jammeh] to handover power.

Jammeh warned Buhari not to involve himself in discussions related to his presidency as he [Buhari] has been asked by his people to step down.

“Step down first and I will do same” – Jammeh said.

The timely involvement of the outgoing President of Ghana John Mahama saved the Nigerian President.

Jammeh met with Liberian leader Ellen Johnson Sirleaf, Sierra Leone’s Ernest Bai Koroma and Ghana’s John Mahama.

West African heads of state began arriving in Gambia on Tuesday to try to convince the long-ruling President Yahya Jammeh to relinquish power after losing an election this month. Jammeh, who seized power in a coup in 1994 and earned the reputation as a repressive leader, had conceded defeat to opponent Adama Barrow, prompting wild celebrations in the country of 1.8 million after the Dec. 1 election.

However, he changed his mind a week later, citing irregularities in the official results, which were corrected to show a victory margin of fewer than 20,000 votes for Barrow.