Strengthening financial sectors through cybersecurity: Insights from the Digital Jewels Africa Workshop

Digital Jewels Africa recently hosted a significant workshop in collaboration with the Ghana Association of Banks to strengthen cybersecurity in the financial sector.

The 2-day event brought together top executives from 24 out of 25 prominent banks in Ghana, including industry giants like Standard Chartered, Bank of Ghana, and others.

Adedoyin Odunfa, CEO of Digital Jewels Africa, highlighted the importance of cybersecurity in today's digital landscape. She emphasized the need to educate customers about cyber threats like phishing and ransomware. Governance was also a focal point, emphasizing the balance between IT's value delivery and associated risks.

Effective risk management was highlighted as crucial, given IT's potential for value and risk. Digital Jewels Africa takes a comprehensive approach to cybersecurity, considering factors like cyber resilience, digital system dependence, and governance's role.

The evolving nature of cyber threats, including money laundering and drug trafficking, requires multifaceted solutions beyond technology, including cyber insurance.

The workshop provided a valuable platform for financial sector leaders to deepen their understanding of cybersecurity's governance and practical implications. In an ever-evolving digital landscape, such knowledge-sharing and collaboration are vital to safeguard financial institutions and their customers in an increasingly interconnected world.