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flag West African leaders urge stronger cybersecurity, regional cooperation, and regulations to protect digital finance amid rising cyber risks and CBDC adoption.

flag West African financial leaders are urging stronger cybersecurity measures amid rapid digital transformation, stressing that human expertise, regional cooperation, and robust regulations are vital to protect financial systems. flag Speaking at a training in Accra hosted by WAIFEM and Ghana’s Bank of Ghana, officials highlighted risks from cyberattacks and data breaches linked to mobile banking, fintech, and digital currencies. flag They emphasized Ghana’s e-Cedi pilot as a secure, inclusive initiative and called for harmonized laws across ECOWAS to enhance information sharing and resilience. flag With over 130 countries exploring central bank digital currencies, leaders warned that benefits like lower costs and financial inclusion depend on strong cybersecurity, data privacy, and consumer protections.

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