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Cyber or email fraud cases in banks in Ghana saw an upsurge in the number of cases recorded in 2022, the Fraud Report, published by the Bank of Ghana (BoG) has said.
The number of cases recorded rose to 422 in 2022, as compared to 50 cases recorded in 2021, an increase of 744%, the report said.
It added that the year 2022 saw an increase in the incidence of fraudulent withdrawals from customers’ account as compared to 2021.
The number of fraudulent withdrawal cases reported increased from 19 cases in 2021 to 347 cases in 2022, a 1726.32% increase, year-on-year terms.
Another emerging fraud typology which recorded a number of cases in 2022 is impersonation. Impersonation saw an increase from 20 cases in 2021 to 285 cases in 2022, an increase of 1325% in year-on-year terms.
E-money recorded 149 cases in 2022, as compared to 116 cases recorded in 2021, an increase of 28.45% in year-on-year terms.
