Business

Cyber Fraud: Ghanaians Lose $200M In 3 Years

Last updated on September 11th, 2021 at 03:18 pm

Despite the consistent caution and education on cyber fraud, many people are still falling prey to the activities of criminals through the Internet, resulting in the loss of millions of US dollars to businesses and individuals in Ghana.

Last year alone, Ghanaian businesses and individuals lost $97 million to fraudsters. A total of $69 million was lost in 2017 and $35 million in 2016.

This year, businesses and individuals have already lost $7.9 million in cyber fraud.

Although the figure for this year is worrying, the Director of the Cyber Crime Unit of the Criminal Investigations Department (CID) of the Ghana Police Service, Assistant Commissioner of Police (ACP), Dr Gustav Hebert Yankson, says the figure is a significant reduction from the $97 recorded for the year 2018.

Albert Echetah

Recent Posts

Pipeline Oil Leaks Spark Concerns in Southern Nigeria

Locals in southern Nigeria claim that the pipeline oil spills are becoming more frequent and endangering the lives of nearby…

December 23, 2024

Pipeline Oil Leaks Spark Concerns in Southern Nigeria

Locals in southern Nigeria claim that pipeline oil spills are becoming more frequent and endangering the lives of nearby villages.…

December 23, 2024

Slovak PM meets Putin in unannounced Moscow visit

The Prime Minister of Slovakia, Robert Fico, made a surprise visit to Moscow for talks with Vladimir Putin, becoming the…

December 23, 2024

Africa and GCC Trade Doubles to $121 Billion

Trade between African and GCC countries stands at $ 121 billion in 2023, double of what it was in 2016.…

December 22, 2024

Families in Mayotte rebuilding their homes complain of lack of help

Family members struggling after one week after  of Cyclone Chido ripped through the French island territory of Mayotte expressed helplessness…

December 21, 2024

Ethiopian PM Inaugurates UAE-Funded Orphanage in Oromia

The United Arab Emirates has launched its orphanage project in Ethiopia's Oromia region on the orders of President Sheikh Mohamed…

December 21, 2024

This website uses cookies.