Albert Antwi Boasiako

By Nana Appiah Acquaye, Accra, Ghana

A cybercrime expert is predicting ‘doom’ for corporate Ghana if efforts are not made to address the incessant cybercrimes which go undetected within corporate institutions in the country. He believes that businesses in the country will continue to suffer from cyber fraud and other cyber attacks because it is a profitable venture for cyber criminals.

Speaking exclusively to Biztechafrica at a workshop held on e-crime and counter measures in Accra, Albert Antwi Boasiako, who is also the founder and principal of the E-Crime Bureau, noted that cybercrime in Ghana will continue to swell because of the increase in migration onto electronic platforms and the adoption of e-commerce products and services by banks, financial institutions and other organisations including state institutions, who are most vulnerable.

According to him, perpetrators of these crimes will attack small businesses through e-mail related fraud and phishing attacks because of the low level of investment into IT security among SMEs hence their greater vulnerability to cyber fraud.

“Cybercrime will flourish because it is a low-risk crime but with high rewards. Detection rate is minimal because of the growing sophistication of the modus operandi of cyber criminals” he stressed.

Prescribing immediate solutions to deal with the challenges of electronic related crimes in Ghana, Boasiako stressed the need for training of employees of corporate institutions, thus creating the awareness and understanding of e-crimes. He further called for the creation of a National Cyber Security Policy framework to serve as a broader policy roadmap to guide corporate institutions to develop IT security policies and best practices.

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