Believe it or not, digital assets (currencies) have come to stay as long as we belong to the global world. These currencies have block chain embedded in it making them a strong substitute to the fiat currencies we have been using. The developed countries will not wait for the developing countries; it is either we move fast by learning from the mistakes made by them and correct them by putting a more robust regulation framework and conducting a comprehensive stakeholders’ engagement with law enforcement agencies, regulatory and supervisory agencies,...
Cybercrime, largely driven by financial gain, is developing as a danger to the national security of many nations. On the plus side, as more victims of cybercrime share their experiences, these hazards are becoming more obvious. The 2021 Internet Crime Report by the Federal Bureau of Investigation (FBI) indicated that cybercrime, including bank fraud, malware, and romance scams, has cost the US economy $7 billion, double the losses in 2019. Due to the possibility of having their bank accounts depleted and private information taken, this problem impacts both people...
In an era where cyberspace has become an integral part of our daily lives, ensuring its security and stability has emerged as a paramount concern. Just as nations prioritize good governance for effective management and oversight of their security sectors, the world of cyberspace demands the application of similar principles to navigate the complex web of digital interactions. This article delves into the concept of good security sector governance in cyberspace, highlighting the principles of accountability, transparency, and the rule of law as essential cornerstones for a secure and...
The problem of cybercrime keeps manifesting in different folds as technology keeps advancing, digital devices are embedded in the way of life of the people, and internet penetration keeps soaring without cyberspace protection. This development has raised concerns and necessitated a cybersecurity conversation. Cybersecurity is paramount to economic development considering the huge damages that cybercrime imposes on individuals, businesses, institutions, and governments, which transcend from monetary loss to reputational loss, and loss of investors. The push for the digitalization of economies has been globally recognized, and as state institutions...
The continuous evolution of cybercrime and the myriad of destruction it does to an economy (that is, to individuals, organizations, institutions, businesses, and governments) has generated the need to curb the practice by way of protecting cyberspace and any other medium through which the cybercriminals operate. The Ghanaian perspective on cyber security has been the institutionalization of policies and strategies aimed at educating and creating awareness of the cyber threat, arresting cybercriminals, and recovering the proceeds of cybercrime. Also preventing data theft, attacks on computer systems, software, and network...
