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West African leaders urge stronger cybersecurity, regional cooperation, and regulations to protect digital finance amid rising cyber risks and CBDC adoption.
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.
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.
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.
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.
Los líderes de África Occidental instan a una ciberseguridad más fuerte, cooperación regional y regulaciones para proteger las finanzas digitales en medio del aumento de los riesgos cibernéticos y la adopción de CBDC.