{"id":4184,"date":"2024-08-30T01:51:06","date_gmt":"2024-08-30T01:51:06","guid":{"rendered":"https:\/\/sbmediaonline.com\/?p=4184"},"modified":"2024-08-30T01:51:07","modified_gmt":"2024-08-30T01:51:07","slug":"ecg-suffers-nearly-gh%c2%a2500-million-loss-from-ransomware-attack-managing-director-admits","status":"publish","type":"post","link":"https:\/\/sbmediaonline.com\/?p=4184","title":{"rendered":"ECG suffers nearly GH\u00a2500 million loss from ransomware attack, Managing Director admits”"},"content":{"rendered":"\n
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Ghana\u2019s power distribution company ECG lost between GH\u00a2400 and GH\u00a2500 million due to a ransomware attack on its systems and operations, according to Managing Director Samuel Dubik Mahama.

Ransomware is a type of malware that holds a victim\u2019s sensitive data or device hostage, threatening to keep it locked unless the victim pays a ransom to the attacker.

Dubik, who described the impact of this attack as severe, shared that it occurred during a critical period when the power distribution company was undergoing a turnaround in its operations which involved system upgrades.

Speaking on the Point of View show on Accra-based Channel One TV, the ECG MD confirmed the Vice President\u2019s earlier remarks made in May this year about the ransomware attack on ECG\u2019s operations and its associated impact.

\u201cDon\u2019t forget that, within those periods, we were going through an operational turnaround, where we were fixing our systems\u2026 That was the same year within which we had the ransomware attack thing that we managed to take care of.

\u201cFor me, what I will say to that is there\u2019s an investigation going on, so maybe probably, the Vice President is privy to the final investigation report or has some inkling towards whatever is going on there. But I have not been furnished. There was an attack, there\u2019s no two ways about that.

\u201cLooking at a company that has the potential of raising about GH\u00a250 million to GH\u00a260 million in a day, if you\u2019re not able to vend for a week, how much have you lost? How are you going to bring yourself back into the game? So yes, we did lose a lot, we had a few good companies consult for us and advise us. And we have a quantity of the amount of money that was lost ranges between GH\u00a2400 million to GH\u00a2500 million within that period,\u201d the ECG Managing Director explained.

Vice President\u00a0Dr. Mahamudu Bawumia<\/a>\u00a0in May this year detailed how some officials of the ECG sabotaged the government’s revenue generation efforts by installing ransomware into the critical infrastructure of the company’s systems.

He stressed that this attack had a severe impact on ECG’s revenue operations and prevented the power distribution system from working efficiently during the period.

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Ghana\u2019s power distribution company ECG lost between GH\u00a2400 and GH\u00a2500 million due to a ransomware attack on its systems and operations, according to Managing Director […]<\/p>\n","protected":false},"author":2,"featured_media":4185,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4184"}],"version-history":[{"count":1,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4184\/revisions"}],"predecessor-version":[{"id":4186,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4184\/revisions\/4186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/media\/4185"}],"wp:attachment":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}