GHANAIAN BUSINESSES URGED TO DEVELOP COMBATIVE INFRASTRUCTURE AGAINST CYBER THREATS

Date: 2018-10-16

The Chairman of the Western/Central Regional Branch of the Association of Ghana Industries, Mr. Joseph A. Bawuah has called on Ghanaian Businesses to develop combative infrastructure against cyber threats. He made the call at the plenary session of the 15th Regional Annual General Meeting of the AGI in Takoradi.

The Regional Branch of AGI in partnership with the National Cyber Security Centre of the Ministry of Communications and e-Crime Bureau Limited organised the information session for business owners and managers to create awareness about emerging cyber threats targeting corporate organisations and countermeasures that can be taken.

In his opening remarks, Mr. Joseph Bawuah said every business is at risk of a cyber-attack and cited cyber-attacks on organisations that cost the UK economy £10 billion, with seven out of ten companies falling victim to a cyber-attack or breach. He also indicated that businesses in Ghana were not insulated from such cyber-attacks and revealed that the reported loss of a total of US$50 million to cyber-crime in 2016 suffered by Ghana’s economy meant that the risk of losing huge investments has become prevalent.

He also stressed that Cyber-attacks are suffered daily, and it has become more important for organizations and businesses to train their employees on cyber security. According to him several organizations have lost sensitive data and money to cyber-attacks, even with robust security infrastructure, as all it takes for a successful attack against a company is a careless action taken by an employee such as using infected flash drives, downloading suspicious software or opening email attachments from unknown sources.

To buttress his point about the importance of sensitising businesses in cyber security best practices so they can identify threats and take steps to mitigate them, Mr. Joseph Bawuah made reference from the 2017 Data Breach Investigations Report, which revealed that more than 90% of cyber-attacks were traced back to human error, suggesting that mistakes caused by humans both initiates and amplifies the risk of cyber-crime and the damage it poses to businesses.

He furthermore said the best way for business Directors, Chief Executive Officers and Managers to combat this threat is to create a risk-aware workplace culture, and which starts with cyber security awareness.

Mr. Joseph Bawuah said the Association of Ghana Industries as a leading business Association in the country will continue to partner the National Cyber Security Centre and e-Crime Bureau Limited to sensitise members and the general business community on emerging cyber threats targeting corporate organizations and counter strategies that can be taken. He acknowledged efforts businesses continue to make to develop combative infrastructure against cyber threats and believes the time is right for them to scale up energies in that direction.