JBKlutse
  • Technology
  • How Tos
  • Top X
  • News
  • Forum
  • Shop
No Result
View All Result
  • Technology
  • How Tos
  • Top X
  • News
  • Forum
  • Shop
No Result
View All Result
JBKlutse
No Result
View All Result

Invest in Cybersecurity systems to prevent cyber risks – BoG Governor tells banks

JBKlutse.com by JBKlutse.com
February 23, 2021
in News
Cybersecurity systems

Governor of the Bank of Ghana (BoG), Dr Ernest Addison

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has reiterated the need for banks to build strong cybersecurity systems that will help them to prevent all cybersecurity risks and strengthen their credit risk management.

Speaking at a webinar organized by the Ghana Association of Bankers (GAB), Dr Addison urged banks to put in the needed cybersecurity systems to effectively manage the cybersecurity risks, credit risks and operational risks brought by COVID-19.  He said banks had a role to play in ensuring that the right security infrastructures were in place.

“All the successes chalked in the digitization of banking systems would be eroded if adequate investments were not made for effective protection of the information technology and security infrastructure. In this regard, the bank has issued directives and guidelines such as the Cyber Security Directive that banks must meet on an ongoing basis to effectively manage cyber risk and fraud.”


Kindly subscribe to our YouTube channel


The governor also mentioned that credit risk required attention as the slowdown in economic activity due to COVID-19 has had severe consequences on households and businesses, with lenders becoming the prime targets of cybercriminals.

“To possibly mitigate the risk, moratoria on repayment of loans and overdraft facilities, flexibility in the application of accounting and regulatory standards in the treatment of potential impaired loans have been emphasized by international accounting standard setters and the bank. ”

“This is why the introduction of the regulatory reliefs has proved timely, and banks have responded appropriately with some form of forbearance for customers. These include rolling forward interest and principal payments, interest repayment waivers and offering new loans to enable borrowers with reasonable longer-term prospects stay afloat in these challenging times.”

The BoG Governor advised banks to focus their Business Continuity Plans (BCPs) on end-point and network security measures with strong user authentication protocols to minimize abuse of their cybersecurity systems.

The webinar was organized under the theme: “Managing Banking Risks in Uncertain Times – COVID19 Test Case.”

For stories of this sort and more, do well to log on to www.jbklutse.com or visit us on Facebook.

Share22Tweet14Share6

JOIN MY NEWSLETTER

JBKlutse.com

JBKlutse.com

This is the official publishing account of JBKlutse.com for all general based post, guest posts, and sponsored posts.

Related Posts

Manchester United announces partnership with StarTimes
News

Manchester United announces partnership with StarTimes to offer MUTV in Africa

by PR Partner
February 26, 2021
0

Millions of Manchester United fans in Africa will gain access to MUTV under an agreement with StarTimes, the continent’s leading...

Read more
MTN supports COVID-19 vaccine acquisition for Ghana

MTN supports COVID-19 vaccine acquisition for Ghana and other countries following significant contributions to the fight against COVID-19

February 26, 2021
Akwaaba Magic

Multichoice Ghana affirms its mandate of hyper localizing content through the launch of Akwaaba Magic on DStv Channel 150

February 26, 2021
Facebook partners with JA

Facebook partners with JA, empowers young people with digital marketing skills

February 24, 2021
Global Startup Ecosystem partners with LinkedIn

Global Startup Ecosystem partners with LinkedIn to accelerate Ghana-based SME businesses in 2021

February 23, 2021
mastercard and mtn partnership

Mastercard and MTN empower millions of consumers in Africa to make payments on global platforms, advancing digital financial inclusion

February 18, 2021
Next Post
Global Startup Ecosystem partners with LinkedIn

Global Startup Ecosystem partners with LinkedIn to accelerate Ghana-based SME businesses in 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

ADVERTISEMENT
jbklutse eshop

MOST READ

  • Smartphones
  • News from APO Group
  • JBKlutse Photo Store

RESOURCE LINKS

  • Forum
  • Becoming a Tech Publishing Giant
  • Contact Us
  • Join Us on Telegram
  • Review Guidelines
  • Sponsored Post Guidelines
  • Advertise on JBKlutse
DMCA.com Protection Status
  • Becoming a Tech Publishing Giant
  • Advertise With Us
  • Contact Us
  • Terms
  • Privacy
  • Disclaimer

© 2015-2021 JBKlutse.

No Result
View All Result
  • Technology
  • News
  • How Tos
  • Top X
  • Forum
  • Shop
  • Contact Us
  • Advertisement

© 2015-2021 JBKlutse.

brazzers sex hikayaleri doktor sex hikayeleri ensest sex hikayeleri erotik hikayeleri gay sex hikayeleri