CYBER & INFORMATION SECURITY DIRECTIVE

BANK OF GHANA. CYBER &. INFORMATION . SECURITY . DIRECTIVE . OCTOBER 2018. PREFACE. In recent years, CYBER -related systems and networks have been playing an increasing role in the financial sector. The financial sector relies on these infrastructures for processing transactions and transferring funds which has made them attractive and susceptible targets for CYBER -attacks. Being high-profile targets creates a distinct challenge for financial institutions, since they must strike an optimal balance between SECURITY and maintaining efficient and reliable operations for their customers. Today, cybercrime poses a real and persistent threat to financial institutions of all sizes and the number of companies that fall victim to cybercrime and digital espionage continues to rise. In fact, the financial services sector and its customers are heavily targeted by all those actors.

outsourcing, survivability, backup and recovery from cyber incidents and disaster events. (3) At least once a year, the Senior Management shall discuss whether the policies referred to in (2) above should be revised. (4) Allocate the necessary resources for the institutional cyber and information security framework and policies.

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