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Reading: GHC100m was not siphoned from us – CalBank clarifies
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BusinessGeneral

GHC100m was not siphoned from us – CalBank clarifies

Kwame Acheampong
By Kwame Acheampong
Published: August 22, 2018
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CalBank has clarified media reports suggesting that an Ivorian siphoned over GHC100 million Ghana cedi from the bank.

The bank says the money taken from them through the illegal activities was about GHC255,000.

“We refer to a recent report circulating in the media and on social media about an attempted fraud of over GHS110m in 2017 on CalBank.

“The header of the said news report is misleading and has compelled us to correct same. On July 4, 2017, the Bank noticed some unusual and suspicious activities on its system of an attempt to fraudulently transfer GHS110m from the Bank.

The attempt was unsuccessful. The Bank’s IT risk systems upon detecting the fraudulent acts immediately stopped and blocked further transfers. The amount at risk was less than GHS255, 000 of which GHS130, 000 has been recovered.

The Bank immediately reported the attempted fraudulent act to the Ghana Police Service and the relevant regulatory authorities,” CalBank said in a statement.

The statement concluded: “With the help of the Cyber Crime Unit of the Criminal Investigation Department of the Ghana Police Service, the suspected individuals have been arrested and over GHS130, 000 of the funds fraudulently transferred has been recovered.

“CalBank assures all its customers, shareholders and stakeholders that the attempted fraud was foiled thanks to the Bank’s robust IT security system. We continue to invest heavily in our IT Security and Risk management systems to forestall any future fraud attempts on the Bank.

“In addition, the Bank has been PCIDSS certified and is also implementing ISO 27001 certification to further enhance the Bank’s IT security environment. CalBank further assures its customers, shareholders and stakeholders that their interest will continuously be protected. We are grateful to the Ghana Police Service for their support in arresting the suspects”.

 

Source: Ghana/Starrfmonline.com/103.5FM

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