Cyber fraud, such as credit card fraud, identity fraud, or romance fraud, remains the most prevalent form of cybercrime in Ghana, the 2023 Ghana Fintech Report has revealed. According to the report, perpetrators typically create fake online profiles or websites to deceive victims into sharing their money or personal information. Significantly, it said the financial sector has become a particularly attractive target for hackers who exploit vulnerabilities in online banking systems. The Bank of Ghana’s Fraud Report for the year 2022 highlighted cyber email fraud as one of the top five fraud categories significantly impacting the banking industry. Notably, this form of fraud resulted in losses of GH4.3 million in 2022 alone, representing a 65.5% increase from the previous year. The report stressed that the nation has been grappling with a surge in cyber threats and online attacks. The statistics indicate a significant rise in various types of cyber incidents, ranging from individual-focus...